Cryptocurrencies – Overview

Bitcoin (BTC )
Digital gold, Sound Money
- Hard cash, digital gold
- Largest network, highest security
- Longest history without incidents

Ethereum (ETH )
Smart contracts and DeFi
- Largest Smart Contract Platform
- Technology for decentralized finance and NFTs
- Almost all tokens are based on Ethereum (ERC-20, NFTs)

BNB (BNB )
Save trading fees on Binance
- Discount system on Binance trading platform
- Quarterly coin burn from Binance acts like dividend
- Cashback on Binance credit card

USD Coin (USDC )
stark regulierter Dollar Stablecoin
- Strictly regulated in America
- Support from major stock exchanges
- ERC-20 tokens in the EVM ecosystem: also available as Algorand ASA, Avalanche ERC-20, Flow FT, Hedera SDK, Solana SPL, Stellar asset and TRON TRC-20.

XRP (XRP )
Universal currency for banks
- "Bitcoin for banks" (bank to bank transfers)
- High number of transactions possible (1,500 per second)
- Transactions take only a few seconds (3.5 - 4 seconds)

Lido Staked Ether (STETH )
Tokenized ETH 2.0
- 1:1 tokenization from ETH to stETH
- stETH are freely tradable while they generate staking rewards
- Leverage of Lido stETH in DeFi possible

Cardano (ADA )
Third-generation blockchain
- Fast and inexpensive transactions (in seconds)
- Interoperability between different blockchains
- Platform for blockchain applications and smart contracts

Dogecoin (DOGE )
Much crypto wow, Memecoin
- Meme Coin (1 Doge = 1 Doge)
- Very low transaction fees
- Positive community

Solana (SOL )
Potential Ethereum killer
- Very high transaction speed also for smart contracts
- Energy efficiency
- Possibly better trade-off between scaling, security and decentralization

Polygon (MATIC )
Layer 2 Scaling for Ethereum
- Scaling for Ethereum via side chain
- Low transaction costs
- Fast transactions

TRON (TRX )
Blockchain platform, scalable?
- DApp platform with high scalability

Litecoin (LTC )
Digital Cash
- Code fork of Bitcoin with faster transactions
- Basically a test network
- Long standing in the market

Polkadot (DOT )
The bridge between blockchains
- Multichain model
- Interoperability between chains, private and public
- Next-Generation blockchain

Avalanche (AVAX )
Customizable PoS blockchain platform
- Scalable & low fees
- Network consists of Exchange (X), Platform (P) & Contract (C) Chain
- EVM support and smart contract migration

Shiba Inu (SHIB )
Internet Phenomenon & Memetoken
- Meme token on Ethereum, pushed by Elon Musk & Vitalik Buterin.
- Featured in WoofPaper, created by Ryoshi
- Buterin donated a large portion to the COVID India Relief Fund

Wrapped Bitcoin (WBTC )
Bridge to Ethereum via ERC-20 token
- De facto interoperability between Bitcoin and Ethereum
- KYC required for mining WBTC
- Regular audits

Uniswap (UNI )
Governance Token of the Uniswap Exchange
- Token of the largest decentralized exchange
- Governance via Uniswap
- Potentially also revenue sharing

- Discounts and benefits for holders
- LEO are repurchased piecemeal (token burn) to achieve value appreciation
- Tokens available for investment on Bitfinex's IEO platform, Tokinex.

Chainlink (LINK )
Decentralized oracle network
- Connecting real world data with blockchains (oracle).
- Actually used by many DeFi applications
- Reliable data provider

Cosmos Hub (ATOM )
Internet of blockchains
- Scalable blockchains
- Consensus layer (tendermint) separate from application layer
- Modularity

Monero (XMR )
Anonymous digital cash
- Coin with the highest level of privacy
- Sender, receiver, transaction amount and address are all anonymous
- Flexible block size (the more transactions, the larger the block)

Ethereum Classic (ETC )
Code is law
- A principled community that adheres to the original values

Stellar (XLM )
Decentralized Ripple
- Cross-border payment (replace Swift)
- No miners
- Minimal transaction time and cost (3 - 5 seconds; 0.00001 XLM)

Bitcoin Cash (BCH )
Digital cash
- Bitcoin without high transaction fees
- Scaling should process directly "on-chain”
- Digital cash

Internet Computer (ICP )
potential of the cloud, but decentralized
- Fast transactions
- Low storage costs
- Users do not need a wallet for dApps

Filecoin (FIL )
decentralized P2P cloud storage
- Low storage costs, about $24 per tebibyte per year.
- Focus on long-term incentivization to keep storage available
- Storage Providers: show that data is stored securely and correctly and compute create cryptographic proofs

Hedera (HBAR )
Trust layer for the Internet
- High number of transactions per second
- Very low fees
- Smart contracts

Cronos (CRO )
DeFi competition for Ethereum
- Lower fees
- More environmentally friendly according to the platform, due to the use of Proof of Authority
- Higher number of transactions than on the Ethereum Chain

VeChain (VET )
Supply chain blockchain
- Comprehensive management solution, for instance through co-determination via voting rights
- Private individuals cannot set up nodes
- Proof of authority: authority masternodes append blocks to the blockchain

NEAR Protocol (NEAR )
Cloud collective with improved contribution and incentivization via EVM
- Interoperability to many blockchains
- Climate neutral blockchain
- Developers receive 30% of fees from smart contracts

ApeCoin (APE )
Bored Ape Community Token
- Governance Token of the ApeCoin DAO
- Bored Ape Yacht Club Community Token

Frax (FRAX )
Mix & match in collateral
- Own app
- Open source
- 2 tokens: Frax (Stablecoin) and Frax Shares (Governance)

EOS (EOS )
Scalable smart contracts
- Very low transaction fees
- Highly scalable, several thousand transactions per second
- Smart contracts /DApps with the goal: decentralization of everything.

The Sandbox (SAND )
metaverse with focus on art and games
- Several ways to earn
- Focus on voxel art
- Cooperation with well-known artists like Snoop Dogg and deadmau5

MultiversX (EGLD )
via sharding to scalability
- Secure Proof of Stake: randomization of a wide variety of processes in the consensus mechanism
- Metachain that authenticates block headers from shards
- Roles: Validators, Observers, Fishermen

Algorand (ALGO )
PoS smart contract platform
- Low transaction fees
- Fast transaction processing within 5 seconds
- Exclusively Proof-of-Stake

Aave (AAVE )
The DeFi protocol with flash loans
- Staking based on the Safety Module (SM), Staker earn Safety Incentives (SI) in the form of AAVE along with a share of the protocol fees.
- Staking consists of AAVE and an AAVE/ETH duo
- Ecosystem Incentives (EI) for lending and borrowing.

Fantom (FTM )
fast Ethereum 2.0 with useful additions
- Fast, low-cost transactions
- Integration of oracles like Chainlink
- 4% - 13% interest on staked capital

Tezos (XTZ )
Democratic blockchain platform
- Scalability through Proof of Stake
- "Self-amendment" to avoid hard forks

Decentraland (MANA )
metaverse based on Ethereum
- Marketplace
- Drag & Drop editor für interactive scenes with pre-built items
- Can be used in the browser

Theta Network (THETA )
Decentralized streaming network
- Decentralized streaming platform with incentive system
- Experienced team
- Renowned partners

Axie Infinity (AXS )
Popular play-to-earn game on Ethereum
- Axie creatures are tradable NFTs
- Axies can be multiplied with Small Love Motion (SLP)
- Axie Infinity Shards (AXS) are used as governance tokens, for payment and for staking

Synthetix Network (SNX )
Synthetic assets with sophisticated staking mechanism
- No counterpart necessary when exchanging synths
- Distributed pool of collateral
- Mintr app for minting synths

NEO (NEO )
Chinese Ethereum
- Platform for decentralized applications (dApps)
- Smart economy (smart contracts, digital assets and digital identity)
- ICOs possible

Bitcoin SV (BSV )
Satoshi's „vision“
- Extremely large blocks, theoretical scalability
- Claim to enforce Satoshi Nakamoto's actual vision
- But Craig Wright is a Fraud

Maker (MKR )
Evidence-free loans against security deposit
- DAI Stablecoin Issuer
- Loan for ETH
- Largest Decentralized Finance application

BitTorrent (BTT )
Decentralized peer-to-peer network
- World's largest P2P file sharing platform
- More than 100 million monthly active users
- Use of unused upload capacities of users

Klaytn (KLAY )
open source blockchain for the metaverse
- Open Source
- GameFi and art as main focus
- Direct link to Open Sea

IOTA (MIOTA )
Internet of things currency
- No transaction fees
- High number of transactions per second possible
- No "miners" that consume a lot of power

cETH (CETH )
ETH interest token
- Forms part of lending in Compound
- Autonomous and algorithmic interest token (Ethereum derivative)
- Interest is distributed in cETH

Huobi (HT )
The limited token exchange from Huobi
- Benefits for HT holders, such as discounts, exclusive access and participation in IEOs
- lower transaction fees
- HT holders help determine which coins and projects the platform lists

Dash (DASH )
Digital cash
- First and largest masternode network
- Oldest functioning DAO with monthly decentralized project and development funding via Block Reward.
- Instant transactions thanks to InstantSend technology

cUSDC (CUSDC )
USDC interest token
- Forms part of lending on Compound
- Autonomous and algorithmic interest token (USDC derivative)
- Interest is distributed in cUSDC