What are Cryptocurrencies?
A Cryptocurrency is nothing but digital money that has taken many forms throughout the period with a few existing in the physical world with credit cards and others. While the majority of it remains intangible.
Cryptocurrencies are designed with the motive of money being free from government manipulation and control, which eventually gained interest in the industrial aspects of many Consultancies and Concerns.
Here are a few Cryptocurrencies that you should give a thought to invest in.
BitCoin - The Loggerhead
Author(s): Satoshi Nakamoto
Invented: 2008
The trend of digital currency has become contiguous after the advent of Bitcoins. BTCs are decentralized currencies with no single administrator or central banks, supported by BlockChain technology. This has changed the way of transactions across the globe and is still changing the ways of transactions. Know more about BTC on Bitcoins
What are Altcoins?
The great success of Bitcoins has paved the way for many other Digital Currencies. So what is Altcoins then? Altcoins refers to all cryptocurrencies other than Bitcoins. Let's see about a few popular Altcoins that can possibly be a Gamechanger in the Industry field.
Ethereum (ETH)
Author(s): Vitalik Buterin, Gavin Wood
Invented: 2015
Ethereum is one great altcoin gaining interest in the market. These Ethereum run on its own platform-specific crypto-tokens called Ether. Ethereum is now the second-largest digital currency after Bitcoins. Know more about Ethereum
Ripple (XRP)
Author(s): Arthur Britto, David Schwartz, Ryan Fugger
Invented: 2012
Ripple is a real-time global settlement network offering instant and low-cost payments. Ripple is quite different from Bitcoins and all other Altcoins, as it requires no mining. Know more about Ripple
Litecoin (LTC)
Author(s): Charlie Lee
Invented: 2011
Litecoin then followed the footprints of Bitcoins. It is also referred to as "Silver Bitcoins". Litecoins have a faster transaction confirmation time and faster block generation than Bitcoins. Know more about Litecoins
Tether (USDT)
Author(s): Brock Pierce, Reeve Collins, and Craig Sellars
Invented: 2014
Tether is the first stable Cryptocurrency called Stablecoins. Unlike Bitcoins, Tether smoothened the price fluctuations on the native currency. This attracted a large customer base. Know more about Tether
Diem(LIBRA)
Author(s): Stuart Levey,
Invented: Set to release on 2021
Diem formerly called Libra. Libra is being developed by the Global tech giant Facebook, Inc. It is said that Libra after being launched, would gain attention from those within and outside of the digital currency sphere. Know more about Diem
Honourable Mentions
Bitcoin Cash (BCH)
Monero (XMR)
EOS
Bitcoin SV (BSV)
Binance Coin (BNB)
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Top comments (2)
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