With so many new cryptocurrencies arriving on the market, it’s time we created a more intelligent ordering system for the community.
Sure, you can find lists of the top 10, top 50, or top 100 cryptocurrencies online. You can look at CoinMarketCap to analyze trading volume or market capitalization. However, with so much information out there, it can get overwhelming.
That’s why our friends at Invest In Blockchain (InvestInBlockchain.com) came up with an innovative solution: the periodic table of cryptocurrencies. The table is based on a proposal from Dr. Aleksandar Arsov. Back in January 2018, Dr. Arsov presents the idea of a “theory of cryptocurrency periodic table policy in altcoin markets with focus on supply rigidities identified with aggregate supply in cryptocurrency markets.”
Why does the periodic table of cryptocurrencies focus on supply rigidity as its main categorizing factor? “The distribution of altcoin across markets affects aggregate demand and output,” explains Dr. Arsov, “However, these effects are not internalized in private financial decisions.”
In other words, the table organizes all major cryptocurrencies in a whole, coherent table while still separating them into meaningful categories.
There weren’t any set criteria for deciding which cryptocurrencies would make the table, nor was there criteria regarding the order of those cryptocurrencies. The table is, however, designed to be updated frequently to reflect changes in the market, including coins that have lost relevant and coins that have gained it.
You can view the InvestInBlockchain periodic table of cryptocurrencies here.
How Does the Periodic Table of Cryptocurrencies Works?
Today’s periodic table (for elements) consists of 118 elements and 8 different categories.
The periodic table of cryptocurrencies, meanwhile, has 9 categories. Some cryptocurrencies could fall into multiple categories. However, the token is always placed in the category believed to be most appropriate.
As you might expect, the table is open for revision, community feedback, and ongoing editing over time. The cryptocurrency industry is in a constant state of flux, and the things that are true today might be totally different one year from now.
Typically, the periodic table (for elements) features the atomic number of each element (its number of protons). In the periodic table of cryptocurrencies, however, things are different: the table features the year in which the cryptocurrency was introduced.
9 Categories of the Periodic Table of Cryptocurrencies
The 9 categories on the periodic table of cryptocurrencies include all of the following:
Currencies: There are 13 currencies under this category. This category includes coins primarily used for payments or as a store of value. Major names in this category include bitcoin, Litecoin, Bitcoin Cash, Dash, Nano, Decred, Bitcoin Gold, Dogecoin, MonaCoin, and the USD Tether.
Protocols, Exchanges, and Interoperability: Certain coins are designed to function as part of decentralized infrastructure. They’re used to exchange cryptocurrencies and enable communication between different blockchains, for example. There are 18 coins in this category, including 6 “protocol” coins, 6 “exchange” coins and 6 “interoperability” coins. Coins include Binance Coin, Waves, Kyber Network, 0x, Loopring, Bytom, Icon, Wanchain, Ark, and Hshare.
Computing, Data Management, and Cloud Services: Some coins are used to interact with data management or cloud service platforms. There are 10 coins in this category, including Golem, SONM, Siacoin, Byteball Bytes, and Aelf.
Others: Some coins will inevitably never fit into any of the categories listed here. Some coins have specialized uses that can only be found in one or two coins, so they’re not deserving of an entire category. Coins related to prediction markets, oracles, betting platforms, and AI-related projects fell into this category. The 10 coins in this category included Augur, Aragon, DentaCoin, Power Ledger, Aeternity, IOTA, and Storm.
Platforms: These coins included coins used as part of a smart contract network or decentralized application platform. The 13 coins in this category include Ethereum, Cardano, EOS, NEO, Ethereum Classic, Qtum, Lisk, Nxt, RChain, and Skycoin, among others.
Gaming, Media, and Social Networking Platforms: These coins include coins related to the gaming industry, online content publishing and distribution, and social media. The 11 coins in this category of the periodic table of cryptocurrencies include Steem, Tron, Basic Attention Token, Loom Network, Nebulas, and Status, among others.
Privacy Coins: Privacy coins include coins with built-in features to facilitate anonymous or untraceable transactions online. The 13 privacy-focused coins include Monero, Zcash, Bytecoin, Verge, Bitcoin Diamond, Bitcoin Private, and Komodo.
FinTech: FinTech coins include coins for financial services and technologies. There are 15 fintech coins on the periodic table of cryptocurrencies, including Ripple, Stellar, OmiseGo, Populous, Polymath, MakerDAO, Iconomi, TenX, and Monaco.
Business / Enterprise: The business/enterprise category includes coins that help businesses improve efficiency, transparency, and security, among other things. 14 coins are listed in the business/enterprise category, including VeChainThor, Waltonchain, Stratis, Ontology, Ardor, and Syscoin.
You can view the complete periodic table of cryptocurrencies here. It provides a unique, easy-to-read way of understanding our favorite industry.