Have you ever wondered why, like, Polkadot is called Polkadot? Or why Dai is called Dai? I have, for various currencies, but I recently realized that I didn't know the meaning or origin of many names. I had half an hour of time, so I decided to do some googling and find out for the top 25. Some are obvious, and for some I didn't succeed - so if you know the origin of the name of any of those I missed comment it down below and I'll edit it in! (If any lower ranked coins have cool origin stories I'll edit them in as well) Here's what I found:
- Bitcoin: easy. Compound of 'bit' and 'coin'
- Ethereum: Vitalik chose it after browsing a list of list of elements from science fiction on Wikipedia and liked Ether because " [it] sounded nice and it had the word 'ether', referring to the hypothetial invisible medium that permeates the universe and allows light to travel"
- Binance Coin: It's Binance's native coin. Yeah.
- Tether: "it’s tethered, or tied, to USD" (thanks u/JizzProductionUnit)
- Solana: is "a nod to a small beach town North of San Diego called Solana Beach, where [the founders] lived and surfed for three years
- USD Coin: a coin pegged to USD.
- Cardano: they love to name different parts of the project (also parts of the roadmap etc.) after famous personalities, in this case Italian polymath Gerolamo Cardano
- Ripple: couldn't find anything - the company that later made Ripple/XRP was originally called Ripplepay, but not sure where that comes from
- Terra: couldn't find anything, possibly named after the proposed world currency Terra?)
- Polkadot: Gavin Wood settled on it "because that’s a pattern with no beginning or end, feeding into the idea of decentralized applications - a pattern with no center."
- Dogecoin: named after the meme Doge. Much wow.
- Avalanche: not 100% sure, it's built on a consensus protocal called Snowflake, so I guess that's just a play on it?
- Shiba Inu: named after a dog breed (the one the Doge-dog is)
- Polygon: couldn't find anything
- Binance USD: do I need to explain?
- Chainlink: while I couldn't find anything specifically talking about the name, Chainlink links blockchains and off-chain environments. So I guess it's just named after what it does.
- Near: named after the science fiction novel "The Singularity Is Near"
- Crypto.com Coin: yes.
- Wrapped Bitcoin: It's Bitcoin, but wrapped
- Cosmos: couldn't find anything
- TerraUSD: the USD-pegged stablecoin by Terra
- Litecoin: designed as a "lite version" of Bitcoin
- Dai: seemingly named after the chinese 貸, meaning to lend or to provide capital for a loan. 貸 is spelled dài in latin letters.
- Algorand: fun fact: for a long time, I thought it was "algorithmic Rand", Rand being the South African currency - you know, like Bitcoin, a compount of "something computer" and "something money". But nope: "algorithmic randomness".
- Uniswap: was originally going to be called Unipeg (a mixture between a Unicorn and a Pegasus), but seemingly Vitalik Buterin told the founders "Unipeg? It sounds more like a Uniswap"
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