Some know it as Stellar while others refer to it as Lumens or Stellar Lumens. What’s true is that Stellar (XLM) is a cryptocurrency that is designed to facilitate cross-asset transfers of value such as payments and transfer of money. Created by the founder of eDonkey, XLM is an open-source and fully decentralized global financial network.
While most people refer to it as ‘just another altcoin’, New Economy Movement (NEM) is actually a platform that brings a lot of novelties and interesting features to the blockchain system. It all started out as a little more than a proof-of-concept technology and since 2015 (its formation), has been picked up by the commercial blockchain Mijin which caused the value of XEM which is the platform’s currency to soar.
Litecoin is a peer-to-peer cryptocurrency project that is fully open source and released under the MIT/X11 license. The project was inspired by and is nearly identical to Bitcoin (BTC) in terms of its technicalities. However, the creation of Litecoin and the transfer is based on an open-source protocol without management from a central authority.
Ripple is one of the most popular cryptocurrencies at the moment and was once the second largest cryptocurrency in terms of market cap. In fact, the battle between Ripple and Ethereum for the second place has always been close. Ripple’s co-founder, Chris Larsen, is the eight wealthiest man on earth holding an equivalent of about $55 billion as Ripple’s market cap.
The Binance (BNB) coin is a cryptocurrency of the Binance platform that is designed exclusively for cryptocurrency trading. The name ‘Binance’ is a mixture of the words ‘binary’ and ‘finance’. This, the startup name shows that the exchange is meant only for cryptocurrencies against each other (with no possibility of fiat currency trading).
Bitcoin is one of the most popular cryptocurrencies and certainly one of the leading platforms in the crypto space. The reason for that is the infrastructure that is based on peer-to-peer technology, enabling users to work without any central authority or banks and manage their transactions.
Ethereum is a cryptocurrency based on a platform that runs the smart contract technology. Basically, this technology focuses on applications that run exactly as programmed and ones that lack the possibility of any downtime, censorship, fraud or any third party interference.