CryptoShimbun: Your number one crypto source

Find everything you need to know about cryptocurrencies here! At CryptoShimbun, we provide information about the world of digital coins including the latest cryptocurrency news and basic information you need to know to get started.

Begin your search by knowing the definition of cryptocurrency, its uses, how it came to be and how it took the world by storm. Then, delve deeper by learning about the market’s leading digital coins. Ever since its creation, thousands of cryptocurrencies have now been released to the public. Each one has its own special purpose and learning about them is essential if you want to get the most out of your crypto investment.

Cardano cryptocurrency: Towards a sustainable crypto future

Both trailblazers in their own right, Bitcoin and Ethereum made headways for cryptocurrency in the consumer market with Bitcoin setting ...
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Binance coin: The ultimate crypto token

From its humble beginnings as a tiny start-up, Binance is now considered one of the biggest exchanges in the world ...
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An interstellar guide to the Cosmos blockchain

Decentralization is one of the most important and groundbreaking concepts introduced by blockchain technology. Through its revolutionary features, exchanging information ...
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Learn about Tron: Crypto’s up and coming digital asset

Investing in relatively unknown cryptocurrency isn’t new to crypto traders. With tons of different cryptocurrencies in the market, traders are ...
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The ultimate guide to using Chainlink

With a vision to create a decentralized and universal programming language, Chainlink becomes the bridge that enables interoperability across different ...
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HedgeTrade for beginners: Everything you need to know

As the world of cryptocurrency continues to expand, experts are persistent in creating and improving technologies that would make the ...
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A basic guide to NEM blockchain

The world has seen a major change in the finance and banking sectors since cryptocurrencies became more accessible to the ...
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Venture into Stellar: The future of finance

Over the years, tons of cryptocurrencies have been developed to overcome the problems that their predecessors attempted to solve. One ...
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The ultimate guide to Ethereum Classic

Before the current Ethereum became the second-best digital asset in the crypto sphere, it has a hard fork called the ...
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A complete guide to Monero cryptocurrency

Many cryptocurrencies in the market offer fast and easy transactions. However, when it comes to secure and private transactions, Monero ...
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Everything you need to know about the IOTA coin

Designed to become the token that will harness the power of the Internet of Things (IoT), the IOTA coin is ...
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Everything you need to know about DigiByte

In 2013, CEO and founder of DigiByte Jared Tate announced a decentralized blockchain network that he claimed will fix the ...
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Waves: Everything you need to know about WVS coin

At its core, Waves is a decentralized platform that enables users to tokenize different assets such as gold, USD, or ...
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A comprehensive guide to Litecoin

Numerous cryptocurrencies aim to gain the attention of the public as an alternative to fiat currencies. One of these is ...
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Crypto 101: The ultimate guide to Gemini

Tyler and Cameron Winklevoss may have given up on the Facebook lawsuit after a bitter contest with Mark Zukerberg, but ...
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Understanding how NEO works

The world of cryptocurrency has become competitive with various digital assets vying for the top spot. Described as the Ethereum ...
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What you need to know about Ripple

The modern world of fintech makes people’s lives better with the different innovations created. With the help of the internet ...
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All you need to know about Bitcoin Cash cryptocurrency

For a crypto novice, it can be confusing why there are different types of Bitcoin in an exchange site. From ...
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The ultimate guide to Tether (USDT)

In May 2020, Tether or USDT defeated XRP as the third-largest crypto in the market. While it slid back to ...
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What is ADA cryptocurrency and hows does it work

The crypto industry is essentially a free for all market. Anyone can start their own company, create their own coin ...
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Important facts about EOS

With its massive impact in the modern world, cryptocurrency has become one of the most talked-about innovations of the decade ...
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Ethereum cryptocurrency 101: Your guide to trading Ethereum

When you think about another cryptocurrency aside from Bitcoin, what comes to your mind? You most likely thought about Ethereum ...
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Bitcoin basics: All you need to know

The revolution of money started in 2008 when Satoshi Nakamoto published the Bitcoin Whitepaper online, creating a digital alternative to ...
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What are cryptocurrencies?

Cryptocurrencies are digital coins exchanged through the Internet using a peer-to-peer electronic cash system. It utilises cryptographic functions in conducting transactions with the use of blockchain technology which makes it decentralised, transparent and immutable.

Compared to traditional fiat currencies, cryptocurrencies are not issued by any central authority like banks or governments. Instead, an open-source decentralised ledger called the blockchain validates the legitimacy of every transaction.

Thousands of computer nodes validate each transaction, and to do so, they need to reach a consensus that a transaction is legitimate. If one node disagrees with the majority, the exchange won’t pass and it won’t be added to the blockchain. On the other hand, if the nodes reach a consensus, then the exchange passes and it’ll be added to the blockchain.

Once a transaction is validated, it cannot be changed anymore. It’s permanent and immutable, making it impossible for anyone to tamper it. The first cryptocurrency was created to prevent double-spending or when you spend the same amount twice because of an error in the central server.

List of significant crypto coins today

Bitcoin

Bitcoin is the world’s first cryptocurrency invented in 2009, and it’s currently the most famous coin in the market. Created with the idea of digital gold, Bitcoin is mostly used to conduct online transactions. By removing the middleman from the process, it promises lower transaction fees, faster processing time, and a more secure way of sending money.

Ethereum

Created by Vitalik Buterin, Ethereum serves both as a digital currency and a platform where developers can build their own decentralised applications (Dapps). Instead of using fiat currency, users of the Ethereum platform use ETH as payment for completed smart contracts.

EOS

Similar to Ethereum, EOS is also a digital coin with its own blockchain platform. It’s the native digital coin used in the EOS.IO blockchain platform where smart contracts are developed. Launched in 2017 by Block.one, the EOS.IO platform now has over 100 dapps with thousands of daily users. The EOS coin is used as payment in exchange for tasks that can only be done in the system, much like ETH.

ADA

ADA is the native coin of Cardano, another blockchain platform developed by a team of academics and engineers headed by one of Ethereum’s co-founders, Charles Hoskinson. It’s designed to be the third-generation of blockchain technology.

Tether

Tether is the first of its kind with a market value that is tied to a fiat currency. When it was released in July 2014, its coin value was equivalent to USD$1.00. Compared to other digital coins, its value is steadier and less volatile thus earning the name ‘stablecoin’. Now, there are other stablecoins in the market and Tether is the largest in terms of market capitalisation.

Bitcoin cash

In 2017, the first Bitcoin fork was formed and it was named ‘Bitcoin Cash’. A new cryptocurrency was created by forking the Bitcoin blockchain and changing the limit of the block before it is added to the platform. With a higher block size limit, Bitcoin Cash achieved higher scalability compared to the original Bitcoin blockchain. Other cryptocurrencies have been created by forking the Bitcoin blockchain but the largest to date is Bitcoin Cash.

Ripple

Ripple is a financial ecosystem created for fast, cheap and seamless remittance of money across borders. To move money fast within its channels, it is converted into Ripple’s own coin, XRP. Unlike fiat currencies that go through rigorous bureaucratic processes that take weeks, XRP can be transferred from one country to another within minutes.

Litecoin

Launched by former Google engineer Charlie Lee, Litecoin is a cryptocurrency that is meant to act as the silver to Bitcoin’s gold. With a few tweaks done to the codebase, Litecoin is ‘lighter’ and four times faster than Bitcoin. Its total mineable supply is four times bigger than the first crypto coin.

NEO

Created by Da Hongfei, Erik Zhang and a group of Chinese developers, NEO is another blockchain platform similar to Ethereum. It was designed to utilise blockchain technology with the use of smart contracts and common programming languages, making it more accessible to developers. This platform uses two types of tokens: NEO and GAS. NEO doesn’t hold monetary value but rather, it acts as a placeholder for voting rights within the blockchain system.

IOTA

Unlike usual cryptocurrencies, IOTA isn’t built on a blockchain. Its system called ‘Tangle’ allows the seamless exchange of data and payment information between multiple devices without any fee. Unlike blockchain-based cryptocurrencies that rely on miners for validation, Tangle users are the network’s validators. The more people using the system, the faster it becomes.

Monero

Monero focuses more on providing privacy when it comes to financial transactions. Compared to other cryptocurrencies, exchanges in the Monero blockchain are anonymous, making its users and their money transactions untraceable.

Libra

Facebook joins the crypto craze by announcing their own coin called Libra. Acting like digital cash, Libra is designed to make sending money to acquaintances or paying for products easier and more secure. It’s headed by the Libra Association Council consisting of different partner companies such as Visa, Spotify and Uber among others. It’s yet to launch but anticipation for Facebook’s Libra is already high.

Binance coin

Binance is known as the largest cryptocurrency exchange and trading site in the world. To spur movement in its operations, they launched Binance Coin that can be used to pay trading, exchange and listing fees among other Binance exchange fees.

Tezos

Tezos is another smart contract and decentralised application platform like Ethereum. It utilises its own native coin called XTZ to conduct payment transactions within its system.

Bitcoin SV

Named after Bitcoin’s creator, Bitcoin Satoshi Vision (SV) is a cryptocurrency formed in 2018 by forking the Bitcoin Cash blockchain. Its supporters adjusted the protocol to allow even larger block limits and reduce transaction fees. The name ‘Satoshi Vision’ comes from the belief that Nakamoto intended transaction fees to be cheap.

Tron

Founded by Justin Sun in 2017, Tron was formed in Singapore with a vision of decentralising entertainment and the internet by providing a platform where everyone can utilise decentralised applications. The system’s native coin is called ‘TRX’ and network users can use it to conduct transactions.

Cosmos

Cosmos is a network of different independent blockchains with the same algorithm. It aims to create an ‘Internet of Blockchains’ composed of blockchains that can seamlessly communicate with one another. With their coin Atom, Cosmos raised a significant amount of money during its initial coin offering (ICO) in 2017.

NEM

NEM is another blockchain platform that creates a decentralized ecosystem for its users. Standing for ‘New Economy Movement’, NEM powers the Smart Asset System that allows growing and harvesting of its local coin XEM once a significant amount is deposited in the official NEM Nano wallet.

Dash

Dash is another cryptocurrency that priorities user privacy with its PrivateSend feature. It’s a derivative of Litecoin that improves security by using a mix of computer nodes and miners to validate the legitimacy of transactions.

Zcash

Like Monero and Dash, Zcash prides itself in providing users with the option to keep their transaction information private and untraceable. It went public in 2016 with the offer of providing more privacy than Bitcoin. Those who don’t mind making transparent exchanges can have their information publicly visible on the blockchain.

Waves

Launched by the Russian entrepreneur Alexander Ivanov, the Waves Platform is a cryptocurrency project that went live in 2016. It’s specially designed to hold crowdfunding campaigns. Investors can use the Wave’s own decentralised exchange platform called DEX to convert their coins to another currency and use it to fund a campaign.

DigiByte

DigiByte is another cryptocurrency based on Bitcoin. Released in 2014, the open-source blockchain was developed with improved functionality such as a 15-second block time and tighter security.

Dogecoin

During the rise of altcoins in 2013, Dogecoin initially emerged as a joke. It wasn’t supposed to be used as a digital currency but with its large supply and low price, it gained popularity and people started using it.

Theta

The Theta project is about providing a high-quality video streaming platform based on a decentralised blockchain. To get the most out of the network, the platform uses its own THETA coin.

HedgeTrade

HedgeTrade is a social trading platform built on a blockchain. It provides a space where the world’s best traders can post predictions into a smart contract and users can purchase it and gain if the prediction is correct. The platform uses HEDG tokens as its native coin.

ChainLink

ChainLink is a decentralised blockchain oracle service that connects users to other applications and payment gateways. Its native coin LINK is used to incentivise users.

Ethereum classic

When the Ethereum blockchain code was updated in 2016 for better security, supporters of the original version opposed and decided that they will continue using the code’s classic version. Thus, Ethereum Classic was born. It supports smart contracts and provides space for developers to create decentralised applications.

Stellar

Steller is an open-source payment system built on a blockchain. It utilises Lumen (XLM) as its native coin. Its use is similar to Ripple in that it aims to connect financial institutions with each other to create smoother processes.