Common digital currencies
Common digital currencies include: Bitcoin (BTC): used for value storage and investment. Ethereum (ETH): Used for smart contracts and decentralized applications. Litecoin (LTC): Offers faster transaction speeds and lower fees. Ripple (XRP): Focused on cross-border payments. Binance Coin (BNB): Used to pay transaction fees and participate in governance. Dogecoin (DOGE): A popular meme coin used for micropayments and social currency.
Common digital currencies
Bitcoin (BTC)
- The digital currency with the highest market value was invented by Satoshi Nakamoto in 2009.
- Use blockchain technology to provide anonymous and secure transactions.
- Mainly used for value storage and investment.
Ethereum (ETH)
- The second largest digital currency by market capitalization, launched in 2015 by Vitalik Buterin.
- is not only a cryptocurrency but also a platform that can be used to build smart contracts and decentralized applications.
- Widely used in DeFi, NFT and Metaverse fields.
Litecoin (LTC)
- A digital currency inspired by Bitcoin, created in 2011 by Charlie Lee.
- Designed to provide faster transaction speeds and lower fees.
- is often viewed as an alternative to Bitcoin.
Ripple (XRP)
- A digital currency focused on cross-border payments, launched by Ripple Labs in 2012.
- Works with traditional banks to provide fast and low-cost transactions.
- Mainly used for payments between businesses and financial institutions.
Binance Coin (BNB)
- Native digital currency issued by Binance exchange.
- Used to pay transaction fees, participate in governance, and access exclusive features.
- Highly respected due to its usefulness and association with the Binance exchange.
Dogecoin (DOGE)
- A popular meme coin that originated as an internet meme in 2013.
- It started out as a joke coin but later gained a lot of attention and investment.
- Mainly used for micropayments and as social currency.
The above is the detailed content of Common digital currencies. For more information, please follow other related articles on the PHP Chinese website!
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