Cryptocurrency


What is a cryptocurrency??

A Cryptocurrency is just as any normal currency but it is a Digital currency. A Cryptocurrency is encrypted. The encryption is used to regulate the generation of units of currency, to verify fund transfer and to operate independently on a central bank.

Here is a list of all the Cryptocurrencies available now.

https://coinmarketcap.com/all/views/all/

Top 5 Cryptocurrencies

1. Bitcoins (BTC)

11

It was the first Cryptocurrency ever created. It was created by an unknown programmer named Satoshi Nakamoto in 2009. Actually, the concept of cryptocurrency steamed from a publication made by a man named Wei Dai in 1998. All this was possible because of digital Wallets. the total value of all Bitcoins circulating till now is approximately US $1.5 billion. Although Bitcoins are costly, people will have an option to invest in bits. In spite of being costly, Bitcoins are the most popular and trending cryptocurrency ever made.

Market caps :US $231,306,635,370

Price: US $13,765.20

Circulating supply: 16,803,725

Symbol: BTC

2.Ethereum (ETH)

e

Like all Cryptocurrency Ethereum coin is also a cryptocurrency. It gained its position right after the Bitcoins it was launched on 2015 as an open software platform based on blockchain technology. But unline Bitcoins, miners earn Ether. This is a type of crypto token designed to fuel the network and is used to settle transaction fees and services on the Ethereum network.

Market caps :US $129,001,506,155

Price: US $1,330.03

Circulating supply: 96,991,426

3.Ripple (XRP)

r

Ripple refers to a distributed financial technology that allows users to send real-time payments globally across networks. It works similar to other cryptocurrencies like Bitcoin and Litecoin. The platform works with banks and allows the sending of money thus fueling the growing economy. The vision of Ripple is to enable the internet of value. It was released in 2012

Market caps :US $129,001,506,155

Price: US $1,330.03

Circulating supply: 96,991,426

4.Litecoin (LTC)

L

Litecoin is a peer to peer cryptocurrency that allows users to make instant payments to other users around the world. As an open source software project that was released under the MIT/X11 license, it can be efficiently mined with consumer grade hardware. It was developed by Charles Lee, a former Google Engineer. This is also based on blockchain Technology but, faster.

Market caps :US $13,001,988,274

Price: US $237.42

Circulating supply: 54,764,583

5.Dash (DASH)

This is a revolutionary digital money system that was launched in 2014. The network has grown to 4, 1000 master nodes making it one of the largest peer to peer network. As a result of more nodes, the platform is able to offer more capacity for end users as well as security services. According to Dash, miners are rewarded for securing blockchain and master nodes. They are also rewarded for validating, storing and serving blockchain to users. What you ought to know is that master nodes represent a new layer of network servers. They are designed to secure clusters known as quorums. This allows instant transactions, privacy, and governance.

Market caps :US $7,932,382,141

Price: US $1,014.48

Circulating supply: 7,819,161

Advantages of Cryptocurrency

  • Reduced Remittance
  • Control Over Capital
  • Better Acceptance
  • Corruption Crackdown

Disadvantages of Cryptocurrency

  • Safety and Reliability
  • The Rise of the Rivals
  • The Rise of the Rivals
  • Unrecognized by Governments
  • The Emergence of New Markets

 

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