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NOTABLE CRYPTOCURRENCIES AND TOKENS

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There are many other cryptocurrencies that either exist as blockchains in
themselves or as tokens recorded in smart contracts on other
blockchains, usually on Ethereum’s public chain.
Onchainfx.com and coinmarketcap.com do a good job in cataloguing
these if they trade over a certain amount of volume per day. At time of
writing, onchainfx196 records the top197 tokens, with my comments, as
follows: Currency tokens (Primarily used as Money/Store of Value):
• Bitcoin (BTC)—the original cryptocurrency and store of value,
created by pseudonymous Satoshi Nakamoto, launched in 2009.
• Ripple (XRP)—a token used to move value across the Ripple
network, designed as a currency that was initially described to
compete against banks then to be used by banks to improve foreign
exchange and international payments. Created in 2012 by OpenCoin
(rebranded to Ripple Inc in 2015198).
• Litecoin (LTC)—an early Bitcoin clone with faster blocks and a
different mining proof-of-work. Called ‘Silver to Bitcoin’s Gold’ by its
founder Charlie Lee who announced that he sold all of his Litecoin in
Dec 2017.
• Zcash (ZEC)—a privacy focused coin using advanced cryptography
called zero knowledge proofs to shield transaction data. Created by
Zooko Wilcox-O’Hearn in 2016.
• Dash (DASH)—another privacy focused coin, created as XCoin in
2014 by Evan Duffield, renamed Darkcoin, renamed DASH.
• Monero (XMR)—yet another privacy focused coin, uses ringsignatures
to obscure payer and recipient addresses. Launched in
2014.
Platform tokens (i.e. those used as gas to power smart contracts):
• Ethereum (ETH)—the original smart contract enabled blockchain
platform, created by a Vitalik Buterin and launched in 2015.
• Ethereum Classic (ETC)—fork of Ethereum which didn’t bail out
DAO investors. Proponents like immutability. Forked from
Ethereum in July 2016.
• New Economy Movement (NEM)—a blockchain with ‘smart assets’.
• EOS (EOS)—a new blockchain structure designed to be more
scalable than Ethereum.
Utility tokens (Built for Specific-Use Networks)
• Augur (REP)—a token used for betting on things on a ‘prediction
market,’ i.e. a betting platform. Launched in 2015 from San
Francisco.
• Siacoin (SC)—a token used for paying for encrypted decentralised
file storage. Launched in 2015.
• Golem (GNT)—a token used for paying for decentralised
computations & calculations. Launched in 2016.
• Gnosis (GNO)—another prediction market coin. Launched in 2016
from Germany.
Brand tokens (Specific-Use on Single Entity’s Network)
• Basic Attention Token (BAT)—Token used to make micropayments
in a web browser called Brave. Launched in 2017.
• Civic (CVC)—Something to do with identity verification on the/a
blockchain. I hope it solves the problem of having too many
passwords. Launched in 2017.
• Steem (STEEM)—Token used for making micropayments on social
media and forum sites. Launched in 2016.
This is just a short list of the many tokens and platforms that exist today.
Many more are planned. The blockchain and cryptoasset industry in
aggregate has attracted significant interest and investment, and I would
guess that tens of thousands of developers are working to build viable
platforms. As with businesses, I expect that most platforms will evolve
and adapt, in search of long term viability. I expect a few to succeed and
many to fail due to unviable models, insufficient interest, or insufficient
network size. Those that succeed could become as relevant to people as
the internet is today.

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