Introduction
The world of cryptocurrencies is vast and diverse, with numerous coins and blockchains available for investors to choose from. One of the most popular blockchains in use today is the Ethereum blockchain.
1. Ether (ETH)
Ether (ETH) is the native cryptocurrency of the Ethereum blockchain. It serves as both a store of value and a means of payment for transactions on the network. The supply of ETH is capped at 21 million, with approximately 10.9 million coins already in circulation. Ether can be used to purchase goods and services, invest in dApps, and pay transaction fees on the Ethereum network.
2. Bitcoin (BTC)
Bitcoin (BTC) is the first and most well-known cryptocurrency in existence. It was created in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto. Bitcoin operates on a decentralized network, allowing it to function independently of any central authority or financial institution. While Bitcoin is not directly tied to the Ethereum blockchain, it can be used as a means of payment on certain dApps built on the Ethereum platform.
3. Tether (USDT)
Tether (USDT) is a stablecoin pegged to the value of the US dollar. This means that one USDT is equivalent to one US dollar, providing a level of stability and predictability for users. Tether can be used as a means of payment on certain dApps built on the Ethereum blockchain, and it is also widely used as a store of value for those looking to minimize risk.
4. Binance Coin (BNB)
Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges in the world. BNB can be used to pay trading fees on the Binance platform and can also be traded on its own. The supply of BNB is capped at 200 million, with approximately 108 million coins already in circulation.
5. Maker (MKR)
Maker (MKR) is a decentralized stablecoin platform that allows users to create and manage collateral-backed tokens called DAI. DAI is pegged to the value of the US dollar, providing a level of stability for users while also allowing them to participate in decentralized finance (DeFi) applications built on the Ethereum blockchain.
Summary
The Ethereum blockchain has become a hub for a wide range of dApps and smart contracts, making it an attractive option for developers and users alike. The coins listed above all use the Ethereum blockchain in various ways, from serving as a store of value to providing a means of payment on certain dApps. With more and more applications being built on the Ethereum platform, it is likely that we will see even more coins using this blockchain in the future. It is important for investors to carefully consider their options before investing in any cryptocurrency or blockchain, as they can be highly volatile and subject to significant fluctuations in value.