Who is who in the world of cryptocurrencies?
When we talk about cryptocurrencies it is inevitable mention certain words or concepts of English, as well as certain names of companies or platforms. The crypto world is full of words and trademarks, such as cryptocurrencies themselves, which should be known. This is the case of names as popular as bitcoin, ethereum either coinbase.
If you need to know concepts related to cryptocurrencies, you can start here. But if you’re looking to get acquainted with cryptocurrencies and other actors important in the crypto world, we collect some of the most influential or those that usually appear in almost all conversations. Basically, they are cryptocurrencies or cryptocurrency management platforms.
In this list you can also include some of the best known games or virtual worlds of the Metaverse. They all use tokens or cryptocurrencies own to reward their players or to acquire and exchange objects, digital parcels and virtual avatars.
First commercial brand or important name of the crypto world. Binance is a cryptocurrency exchange platform. It was founded in 2017 by Changpeng Zhao and its job is to serve users to buy, sell and perform other cryptocurrency exchange operations. As a curiosity, it allows performing operations with more than 600 cryptocurrencies. And it also has a section dedicated to NFTs.
according to own Binance, a trading volume of more than 70,000 million euros passes through its platform in 24 hours. From the platform itself you can create a cryptocurrency wallet and start shopping. It is also possible to acquire NFTs and store their codes in your Wallet.
With the Bitcoin it all started. This name is used to designate the virtual currency most important in the cryptocurrency market. Bitcoin must be represented in any benchmark index. In turn, the name Bitcoin designates the very technology that makes the creation of these cryptocurrencies possible. And also to the platform that allows you to create your own cryptocurrency wallet to buy or sell bitcoins.
As such, Bitcoin was created in 2009. Its creator is not fully known, hiding behind an alias, Satoshi Nakamoto. Otherwise, it is the benchmark cryptocurrency and the one that usually tops all crypto price charts. And for the moment, it is the one that has a higher price compared to other cryptocurrencies.
Like Bitcoin, Cardano It refers to several things. First, it is a digital currency, a cryptocurrency, although it is also known as Ada. But it is also a platform that facilitates creation of smart contracts. And behind this name is Charles Hoskinson, one of the founders of ethereum. Another reference name in the crypto world.
As a curiosity, the technology on which Cardano is based is a proof of stake type blockchain, which is supposed to be more ecological than proof of work type protocols, since it uses less electrical energy to generate the corresponding codes.
For the rest, its name refers to the Italian mathematician Gerolamo Cardano. Her virtual currency, Ada, is a nod to English mathematician Ada Lovelace.
Along with Binance, coinbase It is one of the most popular cryptocurrency exchange platforms and one of the preferred ones to create your own Crypto Wallet or purse. Among its peculiarities, Coinbase is a distributed enterprise, that is, it has no physical headquarters and its employees work remotely. It was created in 2012 and its founders are Brian Armstrong and Fred Ehrsam.
In addition to being a platform to acquire cryptocurrencies and create your own virtual wallet, it also has its own cryptocurrency and has a market for nft collectors. That and additional payment services for companies and individuals.
This cryptocurrency, created in 2013 by Vitalik Buterin, has also been the basis for creating a blockchain platform that makes possible the creation of smart contracts and other projects such as NFTs and others decentralized applications. To get an idea of the importance of ethereumthanks to its technology, most of the current blockchain based games and virtual worlds have been possible.
In other words, thanks to Ethereum you can create your own cryptocurrency portfolio, acquire NFTs, design decentralized applications, known as dapps, carry out decentralized financial operations (DeFi) and a long etcetera. Moreover, what is known as Web3 owes a lot to Ethereum, since it makes it possible to create applications that do not depend on a specific server as is the case with Web2.
special mention to Dogecoin, a cryptocurrency with a very curious history. It was created in 2013 by Billy Markus and Jackson Palmer. It is based on another previous cryptocurrency, Litecoin, and its raison d’etre is simply to convert an internet meme starring a Shiba inu dog into cryptocurrency.
Half joking, half serious, Dogecoin is a real virtual currency, open source, and that we can find in most exchange markets. It also offers its own virtual portfolio, multidoge in light version and Dogecoin Core in full wallet.
Created in 2017 by Devin Finzer and. Alex Atallah, Open Sea is a leading NFT marketplace, one of the top places to find NFT resources and collections to browse or purchase. And of course you can also publish your own NFT creations. Otherwise, it uses the Ethereum currency as a reference and supports most crypto wallets.
With the name of Solarium we find another virtual currency or cryptocurrency. It also refers to a public blockchain platform used to create smart contracts. This makes it possible to design decentralized applications or your own blockchain marketplace. It is also used to create your own cryptocurrency portfolio and/or your own tokens.