Elrond is a blockchain-based cryptocurrency that distinguishes itself from other digital currencies by providing high-level scalability, interoperability, and high throughput. It is placed tenth on our list of 10 best cryptocurrencies rising. The currency aims to be a fast platform for distributed applications and enterprise use cases in the new internet economy. The firm that developed Elrond offers 30% smart contract royalties to coin developers and has partnered with many prominent businesses, including South Korea electronics giant Samsung.
USD Coin is a digital stablecoin whose value is tied to the value of the United States Dollar. It is ranked ninth on our list of 10 best cryptocurrencies rising. It is a blockchain-based cryptocurrency that runs on the same network used by popular crypto coin Ethereum. USD Coin was developed by Circle, a peer-to-peer payments company based in Boston. More than 20 billion USD Coins are in circulation at present. USD Coin was first launched in 2018. In March, popular payments firm Visa announced that it would allow the use of USD Coin to settle transactions on its network.
Cryptocurrencies like USD Coin are mined using powerful computing machines like the ones developed by American technology firm International Business Machines Corporation (NYSE: IBM). The tech firm has also launched the IBM Blockchain, a cloud service that lets users develop blockchain-based currencies. International Business Machines Corporation (NYSE: IBM) also offers Blockchain for Enterprise solutions.
Stellar is one of the top 10 cryptocurrencies by market capitalization. It is placed eighth on our list of 10 best cryptocurrencies rising. It is based on an open source, decentralized protocol that converts digital currencies to fiat at very low-cost transfers. This has made Stellar one of the premium choices for cross-border transactions. Stellar was launched in 2014 and has since partnered with companies in many countries across the world, like a mobile payments startup in the Philippines, the ICICI Bank in India, African mobile payments company Flutterwave, as well as French firm Tempo Money Transfer.
Chainlink is a cryptocurrency that runs on the Oracle network. It is ranked seventh on our list of 10 best cryptocurrencies rising. The network also provides real world data to blockchain-based networks. In 2020, Chainlink was among the top five digital currencies in the world in terms of market capitalization. In an initial coin offering in 2017, the currency raised more than $32 million. The Chainlink network has been used by many famous firms, including news company Associated Press, which used the Chainlink functionalities to provide media houses with the results of the 2020 US presidential election.
Litecoin is a peer-to-peer cryptocurrency that was launched as a Bitcoin spinoff back in 2011. It is placed sixth on our list of 10 best cryptocurrencies rising. It uses an open source network and differs from Bitcoin as it has a decreased block generation time, increased maximum number of coins, and a different hashing algorithm that uses scrypt instead of SHA-256. Litecoin also has a slightly modified graphical user interface compared to Bitcoin. Litecoin has lower transaction fees and the network it uses can process payments faster than the one used by Bitcoin