A cryptocurrency is a digital or virtual currency that is secured by cryptography, making it almost impossible to counterfeit or spend twice. Many cryptocurrencies are decentralized networks based on blockchain technology, a distributed ledger implemented by a disparate network of computers. The 15 most well-known cryptocurrencies
Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people under the name Satoshi Nakamoto.
Based solely on its history of its price, bitcoin has been a winning investment. In January 2009, it had no value and 12 years later, in February 2021, it surpassed $50,000 for the first time. However, it can move violently and, unlike traditional markets, there are no circuit breakers or market closing bells to stop trading.
Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether is the platform’s native cryptocurrency. It is the second largest cryptocurrency in terms of market capitalization, after Bitcoin. Ethereum is the most actively used blockchain.
BNB powers binance’s ecosystem. As the native currency of the Binance chain, BNB has multiple uses: fueling on-chain transactions, paying transaction fees on Binance Exchange, making in-store payments, and much more.
Dash is an open source cryptocurrency. This is an altcoin that was created from the Bitcoin protocol. It is also a decentralized autonomous organization run by a subset of its users, which are called “masternodes”.
Zcash is a cryptocurrency aimed at using cryptography to offer better privacy to its users compared to other cryptocurrencies like Bitcoin. Zcash is based on Bitcoin’s codebase. It shares many similarities, such as a total fixed supply of 21 million units.
Like any other crypto, Tezos makes an excellent day trading asset and has become one of the biggest volatility-based bets. Long-term investors: Given its positive future, according to some sources, Tezos is also making a great long-term investment.
XRP is a digital asset designed for payments. This is the native digital asset of the Ledger XRP – an open-source, permissionless, decentralized blockchain technology that can settle transactions in 3-5 seconds.
Cardano is a cryptocurrency network and open source project that aims to leverage a public blockchain platform for smart contracts. Cardano’s internal cryptocurrency is called Ada. The development of the project is supervised and supervised by the Cardano Foundation based in Zug, Switzerland.
Litecoin (LTC) is an alternative cryptocurrency created in October 2011 by Charles “Charlie” Lee. Litecoin is a fork of Bitcoin (BTC). Like Bitcoin, Litecoin is based on an open-source global payment network that is not controlled by any central authority.
Bitcoin Cash is a cryptocurrency that is a fork of Bitcoin. Bitcoin Cash is a spin-off or altcoin that was created in 2017. In November 2018, Bitcoin Cash split into two cryptocurrencies: Bitcoin Cash and Bitcoin SV.
Stellar is a decentralized protocol on open-source code to transfer digital currency into fiat currency nationally and cross-border. The cryptocurrency of the Stellar blockchain is called lumen, a token that is exchanged under the symbol XLM.
Neo is an open-source decentralized blockchain application platform founded in 2014 by Da HongFei and Erik Zhang. Since its rebranding as Neo since Antshares in 2017, the project’s vision is to achieve a “smart economy” by using blockchain technology and smart contracts to issue and manage digitized assets.
EOS is a blockchain designed to compete with Ethereum. Like Ethereum, it supports smart contracts and DApps, while offering high transaction throughput, free transactions, and improved performance.
TRON is a decentralized operating system based on the blockchain and based on a system-native cryptocurrency, known as TRX.
IOTA (MIOTA) is a distributed ledger designed to record and execute transactions between machines and devices in the Internet of Things (IoT) ecosystem. The ledger uses a cryptocurrency called mIOTA to account for transactions in its network. How cryptocurrencies work
Cryptocurrencies, or virtual currencies, are digital means of exchange created and used by individuals or groups. Since most cryptocurrencies are not regulated by national governments, they are considered alternative currencies, i.e. means of financial exchange that exist outside the limits of state monetary policy.
Bitcoin is the main cryptocurrency and the first to be widely used. However, there are hundreds of cryptocurrencies, and more are emerging every month.
Cryptocurrencies use cryptographic protocols, i.e. extremely complex code systems that encrypt sensitive data transfers, to secure their exchange units.
Cryptocurrency developers base these protocols on advanced mathematics and computer engineering principles that make them virtually impossible to break, and therefore duplicate or counterfeit protected currencies. These protocols also mask the identity of cryptocurrency users, making transactions and money flows difficult to attribute to specific individuals or groups. Decentralized control
Cryptocurrencies are also marked by decentralized control. The supply and value of cryptocurrencies are controlled by the activities of their users and by very complex protocols embedded in their governance codes, not by the conscious decisions of central banks or other regulatory authorities. Exchange with fiat currencies
It is important to note that cryptocurrencies can be exchanged for fiat currencies on special online marketplaces, which means that each of them has a variable exchange rate against the world’s major currencies. A limited offer (and a number) on the market
Most, but not all, cryptocurrencies are characterized by limited supply. Their source codes contain instructions describing the precise number of units that can and will ever exist. Advantages and disadvantages
Due to their political independence and the essentially impenetrable security of data, cryptocurrency users enjoy advantages that users of traditional fiat currencies do not have. Cryptocurrency Warning
Trading cryptocurrencies carries a high level of risk and may not be suitable for all investors. Before investing in cryptocurrencies, you should carefully consider your investment goals, level of experience, and risk appetite. It is possible that you will suffer a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.