10 Best Ethereum Based Coins

Home » Cryptocurrency » 10 Best Ethereum Based Coins
June 7, 2018 by
10 Best Ethereum Based Coins

Ethereum Blockchain

Ethereum’s platform has been used by nearly all crypto startups and companies as their method of transaction. The ability to develop applications on top of the Ethereum blockchain makes Ethereum more appealing than other major cryptocurrencies like Bitcoin and Litecoin. Despite some long-lasting scaling solutions, including the transition from proof-of-work to proof-of-stake mining, Ethereum continue to grow and carries both industrial and intrinsic value.

ethereum based tokens

Here are the top-10 Ethereum based tokens according to current market capitalization: 

(Sources: https://etherscan.io/tokens , https://coinmarketcap.com/ Information as of June 4, 2018)1.EOS (EOS)

1. EOS


EOS is the biggest Ethereum-based token with a market cap of $12.5 million USD. What makes the EOS platform unique is its OS-like structure which can be scaled horizontally and vertically. Horizontal scaling makes it easier for companies to run several dApps or decentralized applications which then reduces their need of IT infrastructure. Various commercial dApps can be supported and built through the EOS platform. If EOS can successfully become the network of choice for enterprise-level clients, the value of the token will increase tremendously. EOS Price is $14.06 USD.

2. TRON (TRX)


As the second largest Ethereum-based token with a market cap of $3,970,212,871 USD, Tron aims to decentralize content-sharing on the Internet making it valuable for the entertainment and media industry. The platform enables its users to do anything to their content including distribution, subscription, release, and circulation without any restrictions. TRX Price is $0.060 USD.

3. VeChain (VEN)


VeChain is a Chinese cryptocurrency project focused on supply chain management. The company plans to simplify tracking of inventory and ensuring product quality and authenticity. Manufacturers would encrypt smart chips into their branded items which will be added and activated on the blockchain. This will be used by customers to verify the authenticity of the item they wish to buy and track the exact date they purchased it. VEN Price is $3.95 USD.

4. OmiseGO (OMG)


OmiseGO’s motto “Unbank the banked” means anyone can make financial transactions even without a bank account. The company describes itself as decentralized and agnostic. Decentralized because all transactions are kept and stored on the blockchain, and agnostic because the process remains the same whether you are exchanging fiat-to-crypto or crypto-to-crypto (i.e. fees are the same either way on the OmiseGO platform). OMG Price is $11.41 USD.

5. ICON (ICX)


ICON, a South Korea-based startup, is ranked fifth with a market cap of $1,060,444,665 USD. The ICON ecosystem connects different institutions like hospitals, universities, insurance companies and banks with each other. Each community can create their own blockchain but still be connected. This is done through the loop chain technology where multiple community blockchains can be created but are separated by using smart contracts matching the speed and utility requirements of each community. ICX Price is $2.74 USD.

6. Binance Coin (BNB)


Binance Coin is the currency used on the Binance platform to pay, withdraw and list fees and other transactions. The Binance platform is the biggest cryptocurrency exchange in terms of trading volume. Additionally, the platform can process 1.4 million orders per second and can be used in a range of devices from desktop to Android and iOS. The BNB coin is one of the most secure cryptocurrencies due to constant upgrades and security implementations on the platform. The exchange features an easy-to-use interface for a smooth trading experience to investors. BNB Price is $14.06 USD.

7. Aeternity (AE)


Aeternity is a blockchain-based platform designed to solve the scalability and privacy issues experienced by many cryptocurrencies. Seventh on the list with a market cap of $781,387,549 USD, it uses a “decentralized oracle machine” that generates data from outside resources for its smart contracts. It also uses prediction markets for voting and verification purposes within the platform. Aeternity uses both proof-of-work and proof-of-stake systems making it more flexible than most cryptocurrencies. AE Price is $3.35 USD.

8. Zilliqa (ZIL)


Zilliqa is a new blockchain-based project created to scale in transaction costs. As the number of miners on Zilliqa increase, transaction rates increase too. Ethereum’s network has 30,000 miners, but Zilliqa processes 1,000x the transaction rates of Ethereum. Zilliqa launched sharding, which divides the mining network into smaller bits with the ability to process transactions in parallel. It solves the problem of network scalability and congestion which affects the entire blockchain market. ZIL Price is $0.122 USD.

9. Bytom (BTM)


Bytom’s protocol works with several assets. Users can register and exchange financial assets like loans, bonds, dividends, debt, and securities over the cryptocurrency platform. Users can also transfer coins and tokens to one another. Bytom has a more secure network because the asset protocol and system layer are separated. Transactions can also be done just among those involved which makes the transaction invisible to the public. BTM Price is $0.666 USD.

10. Populous (PPT)


Finally there’s Populous, a company aiming to make invoice financing for small and medium-sized businesses easier. With the Populous platform SMEs won’t have to use third-party companies to request a loan. Instead, businesses can receive loans from Populous by uploading their invoices straight on the platform. Once the invoice is approved, the invoice auction starts and lasts for 24 hours. Upon completion, sellers will receive the funds from the buyer in Pokens, the digital asset on the Populous network. Buyers can collect their principal and interest afterwards in Pokens. PPT Price is $12.65.
Ethereum is the second largest cryptocurrency in the world and has a chance to surpass Bitcoin’s popularity in the future. This popularity will stimulate more interest from investors, developers, and enterprise clients and will incorporate its capabilities into their products and businesses. Ethereum’s ability to secure and solve the problems of the financial industry is indeed incredible. Furthermore, the rate in which major financial institutions is adopting Ethereum is worth noting and is evidence that this cryptocurrency is a good investment.

 

Name Price
Bitcoin (BTC)
$10,571.82
Ethereum (ETH)
$224.20
Bitcoin Cash (BCH)
$311.65
XRP (XRP)
$0.323972
Litecoin (LTC)
$99.78
Cardano (ADA)
$0.058723
IOTA (MIOTA)
$0.306109
Dash (DASH)
$111.29
NEM (XEM)
$0.068293
Monero (XMR)
$84.13
Stellar (XLM)
$0.088485
EOS (EOS)
$4.12
TRON (TRX)
$0.025766
Bitcoin Gold (BTG)
$27.00
© Copyright 2018. HybridBlock News.