5. Binance Coin
Binance Coin is a cryptocurrency that is used by the Binance cryptocurrency exchange platform. It is placed fifth on our list of 10 best cryptocurrencies rising. The coin used the Ethereum network when it was launched but has since shifted to a private network used by the exchange. The coin has a maximum limit of 200 million tokens. The coin is mostly used to pay fees on the Binance platform, with the company offering users incentives like rebates and up to five years of membership for dealing in the coin.
Ripple is an open source payments solution developed by Ripple Labs. The solution includes the Ripple cryptocurrency, exchange platform, and remittance network. It is ranked fourth on our list of 10 best cryptocurrencies rising. Ripple was first released in 2012, but the first stable release came as recently as 2018. It is one of the most popular cryptocurrencies on the market. Amid the present controversy surrounding coin mining, it is prudent to mention that a study by Stanford University in 2017 had found that running a server on the Ripple network was like running an email server.
Cardano is a blockchain-based cryptocurrency that was initially released in 2015. A stable release of the currency came earlier this month. It is placed third on our list of 10 best cryptocurrencies rising. Cardano uses an open source and decentralized platform with consensus achieved using proof of stake. It is a spinoff of Ethereum, the second most popular crypto coin in the world that has outperformed peers in the market in recent weeks. Canadian mining firm iMining recently announced that it would be launching Cardano, which has switched to a new ERC20 converter.
Polkadot is a payments mechanism that uses heterogeneous multi-chain interchange and translation architecture to connect with public blockchains. It is placed second on our list of 10 best cryptocurrencies rising. The cryptocurrency was founded by Gavin Wood, a co-founder of Ethereum. The developers on the project included Parity Technologies, Chain-safe Systems, and Soramitsu. Polkadot was one of the most successful digital currencies of 2020 as it used the DeFi system which lets users with staking to gain instant liquidity through a tradable synthetic token.
1. Bitcoin Cash
Bitcoin Cash is a Bitcoin spinoff currency that uses the blockchain network to offer lower transaction fees than Bitcoin. It is placed first on our list of 10 best cryptocurrencies Rising. Compared to the parent coin, it also has increased scalability options. Since Bitcoin Cash was introduced, many other coins in the market have emerged that use the same technology to market the same kind of product. Hundreds of retailers around the world accept payments in Bitcoin Cash. The currency can handle more transactions per minute than Bitcoin.