The cryptocurrency market has been growing at an exponential rate over the past few years. The market capitalizations have doubled in value within the last year and nearly tripled in price within the past six months.
The following is a blog around six major cryptocurrencies along with information on market capitalizations at the time of writing.
Market Cap: $14,094,233,924
Volume (24h): $1,312,030,000
Circulating Supply: 17,104,625 BTC
Market Cap: $1,190,378,756
Volume (24h): $105,600,000
Circulating Supply: 103,943,065 ETH
A Look at Six Major Cryptocurrency Platforms
by Shane Wilson
As the cryptocurrency market continues to grow, new and exciting platforms are emerging as well. This article will review six of the most popular cryptocurrencies by market capitalizations, which at the time of writing were:
Bitcoin : $28.3 billion
Ethereum : $6.3 billion
Ripple : $1.6 billion
Litecoin : $2 billion
Dash : $0.6 billion
Monero : $0.5 billion
The fundamental difference between these cryptocurrencies is the technology that they use to record transactions of ownership on a distributed ledger, known as a blockchain. While Bitcoin was the first blockchain-based currency, others have been developed as well, each with its own unique features and applications. As you can see from their respective market capitalizations, there is a wide range of possibilities for technologies built on top of these blockchains, and this article will give a brief overview of some of them.
The cryptocurrency market is one of the most exciting and potentially rewarding areas of investment today. While the market keeps evolving rapidly, here is a closer look at six leading cryptocurrencies: Bitcoin, Ether, Ripple, Litecoin, Dash, and Monero.
The first cryptocurrency to be widely used was Bitcoin (BTC), which was developed in 2009. It has become the most widely used cryptocurrency to date with a total supply of 16 million coins in circulation. The total supply has been estimated to reach 21 million by 2140 when it is expected to stop being created.
Developed in 2015 as the currency for the Ethereum platform, Ether (ETH) is now the second most widely used cryptocurrency after Bitcoin. The total supply of Ether is not capped and new coins are created through a process called mining; 5 new coins are created every 14-15 seconds. The price of Ether has grown at an impressive rate since its initial launch.
Ripple (XRP) is a real-time gross settlement system that also supports fiat currency, cryptocurrency, and commodity exchanges and remittances. The native currency that powers Ripple’s network is called ripples or XRP and has a market capitalization of over $6 billion at the time of writing (comp
Bitcoin is the most well-known digital currency and was trading at $579.04 US dollars, with a market capitalization of $9.2 billion, at the time of writing.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. At the time of writing, Ethereum was trading at $13.28 US dollars, with a market capitalization of $1.2 billion.
Ripple is an open payment network within the currency itself is known as XRP. Ripple facilitates transactions between two parties in 3 to 5 seconds, versus Bitcoin’s average transaction time of 15 minutes. Ripple’s market capitalization is $269 million. While there are 100 billion XRP tokens in existence, only 38 billion are currently in circulation; the remaining 62 billion were given to the creators of Ripple. The current price per Ripple coin is .006929 US dollars.
Litecoin was one of the first cryptocurrencies to follow in the footsteps of Bitcoin and has often been referred to as ‘silver to Bitcoin’s gold.’ It was
While there is certainly a lot of buzz surrounding cryptocurrency, it’s still in the early phases of adoption. For many new users, the topic can be extremely confusing.
There are dozens of different currencies currently in the market, but six in particular have risen to prominence. The following is a look at these six currencies, along with their current market capitalization and other pertinent information.
1. Bitcoin (BTC)
Cryptocurrencies have been a hot topic of conversation as of late. With the value of Bitcoin skyrocketing and then dropping significantly just last week and all sorts of news hitting the wires, it’s hard not to have an opinion on these digital currencies.
The number of cryptocurrencies available over the internet as of 27 November 2017 is over 1324 and growing. A new cryptocurrency can be created at any time. By market capitalization, Bitcoin is currently (2017-08-19) the largest blockchain network, followed by Ethereum, Bitcoin Cash, Ripple and Litecoin.
Over the last few years, a new wave of digital currencies has been created, with new features and benefits. These digital currencies have been designed to be anonymous and secure, using cryptography to verify transactions. They are also decentralized, which means they are not controlled by any single organization (like a bank).
Although this may sound like an ideal solution for all of your money problems, there is still some cause for concern. These digital currencies have gained popularity over the last few years as a way to anonymously transfer money online. However, if you plan on using them to make purchases, there are some important things you should know before getting started.
What is a cryptocurrency? Cryptocurrency is a form of digital currency that is created and managed through encryption techniques known as cryptography. Cryptography protects the currency from counterfeiting by utilizing complex math problems that become more difficult to solve as more coins are mined. The first cryptocurrency was Bitcoin, which was created in 2009 and is still the best known. Today there are hundreds of other cryptocurrencies, often referred to as Altcoins. In most cases these altcoins use the same protocols as Bitcoin and share many of its properties.
What makes it different from normal currency? Unlike traditional currencies, which are issued by central banks, cryptocurrency has no central