Since 2008, the year when cryptocurrencies entered our lives, there have been numerous developments related to cryptocurrencies. We have encountered countless events, from big rises to big falls, from countries that have banned cryptocurrencies to court proceedings. But despite all these events, some cryptocurrencies have continued to exist and have always been referred to as the largest cryptocurrencies on the market. In other words, they each preserved their major structures. So what is a major coin and what are the major coins available on the market?
What is Major Coin?
Although there are countless cryptocurrencies in the cryptocurrency world, some cryptocurrencies stand out in terms of the transaction volume they have. For example, Bitcoin and Ethereum, on the one hand, can be shown as the two largest major cryptocurrencies with their being the first cryptocurrencies and the transaction volumes they have on the other hand. However, it is not possible to evaluate all of the old cryptocurrencies on the market as major coins. For example, when considering Dogecoin, it qualifies as a major coin, despite the fact that it is a relatively new cryptocurrency compared to Bitcoin and Ethereum.
Featured Major Coins
There are many major coins in the cryptocurrency universe, including Bitcoin and Ethereum. It is possible to say that these major coins have brought their place in the market to a sheltered point and have always managed to attract the investor's interest. We have made a short list of cryptocurrencies that are on the market for you and have always attracted the investor's interest. Here are the major coins that stand out before you…
Bitcoin (BTC)
Bitcoin is the first cryptocurrency that has entered our lives. That's why it's at the top of this list. Bitcoin has always ranked first both in terms of transaction volume and in terms of awareness. Many important developments have taken place thanks to Bitcoin, from the development of virtual pay methods to the development of the blockchain ecosystem. Although meme coins or metaverse projects seem to have become more popular today, Bitcoin is still the largest major coin in this market.
Ethereum (ETH)
Ethereum is referred to as the second largest cryptocurrency on the market after Bitcoin. This has always been the case and continues in the same way today. Although it has come close to Bitcoin in terms of market dominance from time to time, it has never managed to pass. However, this does not change the fact that Ethereum is a major coin. Ethereum, which was developed by Vitalik Buterin in 2015, is an open source and decentralized blockchain.
Binance Coin (BNB)
Binance cryptocurrency exchange, which was founded in 2017, has become the largest cryptocurrency exchange in the world in terms of trading volume just 6 months after it was established. Today, it is again the largest cryptocurrency exchange in the world. Binance coin, which was launched in mid-2017, has been rising in a short time and was 3rd on the Coinmarketcap list after Bitcoin and Ethereum for a period of time. he's up to the line. Today, as a major coin, it is also one of the largest cryptocurrencies on the market.
Cardano (ADA)
The Cardano project, developed by Charles Hoskinson, was created primarily for the purpose of developing a public blockchain. ADA coin CEO Charles Hoskinson, supported by the Swiss-based Cardano Foundation, was also involved in the development of Ethereum at one time. One of the most important features of the Cardano project is using the proof stake method, which is much more environmentally friendly, instead of the proof of stake, which consumes a lot of energy. Cardano, which describes itself as a ”global and sustainable monetary system", is in the state of a major coin thanks to all these features and with a high transaction volume.
Ripple (XRP)
Ripple was launched in 2012 as the local currency of the pay network RippleNet, which was developed. Unlike other cryptocurrencies, its distinctive feature is that it is centralized and, despite this, uses the blockchain system. The aim of the project is to provide fast, cheap and reliable transfers for loaded assets. Ripple is currently in the top 10 of the cryptocurrency market and is a highly traded asset.
Dogecoin (DOGE)
Dogecoin (DOGE), which is often brought up together with Elon Musk, is a cryptocurrency launched in 2013 and is especially preferred for investment purposes. Meme is important as a coin because it has caused many similar projects to come out behind it. It is designed by Jackson Palmer and Billy Markus to develop a fun pay mechanism, as well as offer free transactions. The technology it has is not intended to create a new network, and therefore DOGE transfers take place on the Litecoin network.
Litecoin (LTC)
developed by former Google employee Charlie Lee in 2011, Litecoin has a similar working mechanism to Bitcoin in the most basic sense. In addition, it has some differences because it aims to correct some errors in the Bitcoin network. LTC, which uses decentralized and open-coded blockchain technology, is the first altcoin. Especially in the first years of its release, it continues to achieve the success it has achieved today; it offers advantages such as high storage capacity and low-cost transfer.
Solana (SOL)
Solana is one of the altcoins referred to as an Ethereum competitor with its high transaction speed and scalable system. It performs quite successfully with the ability to theoretically pass 710,000 transactions per second, the simplicity of the management level and the coordinated consensus mechanism. Due to the fact that it is based on verifiable data, it can determine exactly how margin-of-error resistant the system is, and thus platform security is ensured. In October, the Solana network can synchronously control, confirm and verify transactions that take place at the same time. This makes it much more efficient than other blockchain systems.
Polkadot (DOT)
Polkadot allows decentralized internet sites and public networks to be connected to each other using blockchain technology. In this way, it makes all of these networks work on a decentralized internet chain and provides a useful environment for many applications. The official currency of the Polkadot network, which is very convenient for DApp development, is the DOT cryptocurrency. DOT, which connects independent networks to a system where they can exchange information securely, provides an extra secure platform against external attacks. In addition, users can define network designs and authorizations according to their personal needs.
Other Major Coins Featured
