Top Four Cryptocurrencies in the World
Freehold, New Jersey resident Robert M. Ryerson is a Certified Financial Planner at New Century Planning. Knowledgeable on various investments including alternative assets like cryptocurrencies, Robert M. Ryerson speaks at educational seminars about the different types of digital cash technologies. Below are four top cryptocurrencies in the world as of summer 2021:
1. Bitcoin – Established in January 2009, this was the first decentralized peer-to-peer electronic cash system. It is also the most popular with a market cap approach 1 trillion dollars.
2. Ethereum – Founded by Vitalik Buterin, this cryptocurrency was launched in July 2015 based on the founder’s belief that there was a need for a new peer-to-peer platform with a more general scripting language allowing decentralized apps to be built and run around it. It has a market cap of $390 billion.
3. Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.
Cardano was founded by Charles Hoskinson, who was also one of the co-founders of the Ethereum network. He is the CEO of IOHK, the company that built Cardano’s blockchain. Cardano was founded back in 2017, and the ADA token is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software. Cardano’s market cap is approximately $94 billion currently.
Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods.
4. Ripple XRP – Developed by the Ripple Company, this is a real-time global settlement network facilitating instant, low-cost, and transparent international payments. It has a market cap of about $7 billion.
5. Tether – One of the first cryptocurrencies to peg themselves to an actual currency or other tangible assets, Tether was launched in 2014 as a platform to support the use of paper currencies in the digital sphere. It has a market cap of over $64 billion.
(and our top idea for growth in the crypto arena)
Theta (THETA) is a blockchain powered network purpose-built for video streaming.
Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. The project is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch.
Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes.
Developers say that the project aims to shake up the video streaming industry in its current form – centralization, poor infrastructure and high costs mean that end users often end up with a poor experience. Content creators likewise earn less revenue due to the barriers between them and end users.
Theta’s main business concept is to decentralize video streaming, data delivery and edge computing, making it more efficient, cost-effective and fair for industry participants.
The network runs on a native blockchain, with two native tokens, known as Theta (THETA), Theta Fuel (TFUEL), powering the internal economy. As of late August of 2021, Theta’s market cap was approaching $8 billion dollars.