Bitcoin by far is the most famous and valuable cryptocurrency. It has the highest number of users as compared to other cryptocurrencies but with many technological advancements being introduced in the last years, other cryptocurrencies are starting to give tough weight to bitcoin. The decentralized and secure features of cryptocurrencies make them desirable to use in online shopping and for many other e-commerce purposes. There are many other applications like telegram crypto that also follow cryptography technology for providing anonymity to their users. There are many types of cryptocurrencies available in the market, some of which are-
It is the foundation of this peer-to-peer blockchain technology. It was released by as an open source software in 2009 by Satoshi Nakamoto. His identity is still unknown. It has a market cap of $134 billion with one bitcoin valued at $8,041.33 till at the writing of this. Bitcoin is among the most difficult cryptocurrencies to mine today because of its popularity and its de-facto standard for the cryptocurrency.
It is also one of the cryptocurrency. It also works on the blockchain technology. Ethereum is a kind of cryptocurrency that runs on the computer codes that can facilitate the exchange of money, content, property, shares, and anything of value. Ethereum is the world’s first blockchain supercomputer which is fuelled by a currency token called ether. Ethereum has a market cap of $34 billion. The potential of this technology has garnered more attention and popularity due to this more individuals are rushing to this platform.
It is created by the former Google engineer named Charlie Lee. It was launched in 2011 as an alternative to Bitcoin. Because bitcoin is very difficult to purchase. You can say that Bitcoin is the silver piece of Bitcoin the real gold piece. It uses ‘script’ as the proof-of-work algorithm. The market cap of Bitcoin is around $3.82 billion with the value of one Bitcoin at around $70.97.
All other cryptocurrencies are mainly used by individuals but ripple is mainly geared towards banks, payment providers, and digital asset exchanges. The native ripple cryptocurrency does not have an intrinsic value of its own. It instead serves as a token to protect the network against spam called RippleNet.
It is an open source peer-to-peer cryptocurrency that works on the decentralized master code network. It is introduced by the anonymous self-funded organization. It has enjoyed great success in the market of cryptocurrency since its launch in 2004. It has a market cap of over $3.4 billion with one DASH priced at $443.60.
These all plays an important part in the market of cryptocurrencies. By going through above points you can also choose your desirable cryptocurrency.