While Bitcoin may dominate headlines, the cryptocurrency market is far more diverse. From platforms enabling smart contracts to digital assets facilitating lightning-fast payments, cryptocurrencies serve a wide range of purposes. This guide explores major players like Ethereum, Ripple, Litecoin, and Solana, breaking down their unique features, functionalities, and use cases.

The Major Cryptocurrencies You Should Know

1. Ethereum (ETH)

Overview: Launched in 2015, Ethereum is a decentralized blockchain that enables developers to create and deploy smart contracts and decentralized applications (dApps). Ether (ETH), its native cryptocurrency, powers the network.

Key Features:

• Supports programmable transactions through smart contracts.

• Boasts a large developer community and an extensive ecosystem.

Use Cases:

• Decentralized Finance (DeFi) platforms.

• Non-Fungible Tokens (NFTs).

• A foundation for countless dApps across industries.

  
  

2. Ripple (XRP)

Overview: Created in 2012, Ripple is a digital payment network designed to facilitate fast and cost-effective cross-border transactions. XRP is the digital asset used within the Ripple network.

Key Features:

• Transaction speeds of 3-5 seconds.

• Lower fees compared to traditional banking systems.

Use Cases:

• Enables international money transfers for financial institutions.

• Provides liquidity for banks and payment providers.

  
  

3. Litecoin (LTC)

Overview: Launched in 2011 by Charlie Lee, Litecoin is often called the “silver to…