Intro:
I came across Coinmarketcap, which is a page that lets you follow Cryptocurrencies Market Capitalizations. These are some of the things I learnt here.
Market Caps (market value)
Market caps for the currencies (ex: Bitcoin, Ethereum and Ripple) and assets (ex: Golem, Augur and Basic Attention Token).
Currencies vs. Assets
This is by no means a technical explanation, just my interpretation of what these are and how they work.
Currencies are cryptocurrencies that have their own blockchain (or no blockchain) infrastructure, have their own rules for exchanging value, and their own wallets. You can buy them in different exchanges, for example:
- Bitcoin has this market cap and you can buy it in these exchanges.
- Ether has this market cap and you can buy it in these exchanges.
- Ripple has this market cap and you can buy it in these exchanges.
Assets are tokens (programming agreements) that operate on top of a given currency. So for example:
- Golem, Augur and Gnosis are assets that run on top of the Ethereum platform. These Assets are launched on top of the Ethereum platform through ICOs (Initial Coin Offerings), where they raise money through the base platform currency, in this case Ether.
- MobileGo, WavesPlatform and Bankcoin are assets that run on top of the Wave platform.
Next SLOG: SLOG 2
SLOG 2 will discuss White Papers: how to learn more about each currency & asset.
If you'd like me to research a specific topic, please leave your comments in the comment section below.