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Homeweb3.0What are the mainstream coins of digital currency?

What are the mainstream coins of digital currency?

Apr 26, 2024 pm 05:42 PM
BlockchainBitcoincryptocurrencyEthereumLitecoindigital currencyBinanceexchangeMainstream coinsEthereum blockchainRipple

Mainstream digital currencies refer to the cryptocurrencies with the highest market capitalization and trading volume. Mainly include: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Litecoin (LTC), and Ripple (XRP). They each have their own advantages, such as Bitcoin’s decentralization, scarcity, and store of value, while Ethereum is known for its smart contract platform.

What are the mainstream coins of digital currency?

Mainstream digital currencies

Mainstream digital currencies refer to the cryptocurrencies with the top market capitalization and trading volume . Currently, the mainstream digital currencies mainly include the following:

1. Bitcoin (BTC)

  • The largest and most well-known cryptocurrency by market capitalization .
  • Known for its decentralization, security and scarcity.
  • is widely used as a store of value and a medium of exchange.

2. Ethereum (ETH)

  • ranks second in market capitalization and is famous for its smart contract platform.
  • Allows developers to create decentralized applications (dApps) on the Ethereum blockchain.
  • is used to pay transaction fees, govern and participate in DeFi protocols.

3. Binance Coin (BNB)

  • Is issued by the Binance exchange and is mainly used to pay transaction fees.
  • Earn value as the Binance ecosystem continues to expand.
  • Can be used to purchase goods and services, stake, and participate in the Binance Launchpool.

4. Litecoin (LTC)

  • is known as “Bitcoin” due to its faster transaction speed and lower transaction fees. Coins of silver”.
  • is used for small payments and quick remittances.
  • Compared with other mainstream digital currencies, the supply is larger.

5. Ripple (XRP)

  • A digital currency designed for cross-border payments and remittances.
  • Features fast, low cost and global reach.
  • is widely used by banks and financial institutions.

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