From everything I’ve read and looked into over this past yr. the following are the extremely simplified definitions & understandings of each cryptocurrency.
**\*\*** I also listed a few cryptocurrencies below each of my definition understandings that I thought were similar to the crypto above. Please correct me if I’m wrong and any are not similar & feel free to add any other altcoins that are similar and that you believe has potential of becoming a successful project.
**(Please be kind on this post, I’m only trying to educate myself on this subject, thank you.)**
=== Bitcoin:** The “gold standard” of this digital economy that all other coins are to be centered around and compared to in terms of value
=== Ethereum:** The main part of this digital economy that other altcoins are built upon and managed
-- Solana
-- Tron
-- Cosmos
-- Cardano
=== DogeCoin:** The digital dollar that is used for everyday transactions for its fast speed and simplicity
-- BitcoinCash
-- Stellar Lumens
=== Amp:** The digital collateral token used as temporary payment to merchants while your payment is being transacted
-- Uniswap
-- Aave
-- Ren
=== Filecoin:** Used for transferring info. And file sharing and storage
-- The Graph
-- BitTorrent
=== Monroe:** Used for extremely secure transactions and anonymity
-- Z Cash
-- Bytecoin
=== Tether:** The digital token backed and based on the US dollar
**(Remember these definitions are only my interpretations & very beginner understandings of what these altcoins are and potential)**
