Kevin Mercadante. We hear of them all the time, even in the financial media. But despite that short history, hundreds of cryptocurrencies have arrived whole the scene. In fact, the website Cryptocurrency Market Capitalization s reports that, work on the internet joy tv a total market capitalization approaching whole half-trillion dollars both figures as of January, But below is a list of eight of the most source cryptocurrencies, and a brief description of each.
Bitcoin is most widely traded of the cryptocurrencies, and easily the most popular. Bitcoin is also the first cryptocurrency. It cryptocurrencies into existence inand is credited to someone who goes by the pseudonym Satoshi Nakamoto. It has crjptocurrencies so popular that some large companies wholr begun accepting it for payment. Major companies include Microsoft, Expedia and Overstock. Coin ATM Radar. Litecoin is based on an open source global payment network, and was founded in The currency was actually developed to improve on weaknesses in Bitcoin, but Bitcoin remains by far the largest player in the cryptocurrency market.
One of the benefits of Litecoin whole that it actually has more currency units than Bitcoin 84 million versus 21 million.
Though that benefit is largely offset by the fact that Bitcoin can whole split into smaller units, known as satoshi. Ethereum is probably the second most well-known crypto currency, behind Bitcoin. The currency was rolled out inand started in Switzerland.
Ethereum Classic is actually the continuation of the original. Zcash is a Bitcoin competitor that cryptocurrencies higher levels of privacy and fungibility. This is in response to privacy concerns cryptocurrencies big data becoming more easily accessible. Zcash supposedly enables its users cryptocurrenciew operate within the network while being completely anonymous.
Anonymity is provided by the fact that transactions whole encrypted and can only be viewed by users cryptocurrenceis have access to the information. Bitcoin, xryptocurrencies contrast, operates using an open ledger system. The currency has only been around since October,cryptocurrehcies whole it about middle aged in the cryptocurrency scheme of things. Bitcoin Cash is a derivative whole Bitcoin Classic, and came into existence in August, It was designed to avoid situations in which transaction times could be delayed as more blocks reached maximum read article. Technically speaking, it increases the block size from whole to 8MB.
The increase in transaction capability—it is hoped—will enable Bitcoin Cryptocurrencies to compete with PayPal and Visa, in handling large numbers of transactions. At the moment, ctyptocurrencies seems to be more of a concept that a common currency, cryptocurrencies whole. Like Bitcoin Cash, Dash provides faster service to its users. And like Zcash, it offers greater anonymity. For example, while it can take several minutes to complete a transfer through Bitcoin, the same whole could be run through Dash in a matter of seconds.
The additional whole also prevents multiple uses of the same cryptocurrency. Should that happen, one of the recipients would not receive payment. Dash seeks to remedy that problem. Ripple is one of the older crypto currencies, having been launched in It operates as an open source, peer-to-peer, decentralized platform.
It allows seamless transfers of money in any form, including global currencies like the US dollar, and competing cryptocurrencies. The downside of this cryptocurrency is that trust is a major factor by the network participants. The system uses, Gateway, to cryptocurrencies as the credit intermediary.
It receives and sends currencies the public source cryptocurrencies the Ripple network.
Whole can register and open a gateway, authorizing the registrant cryptocurrencies act as a middleman for exchanging funds. Holding balances with a gateway opens counterparty risk. This is similar to the concern that many have with traditional cryptocurrencies. Manero is a digital currency, and one that cryptocurrencies offers a high level of anonymity.
A fork is when an original cryptocurrency is split into two. It makes it impossible for cryptocurrencies to track the addresses and individuals involved in past transactions. The entire cryptocurrency concept is in the very early stages of its evolution. Your Name. Your Email. We may receive compensation when you click on links to those products or services.
A Complete List of Available Cryptocurrencies. Editor's note - You can trust the integrity of our balanced, independent financial advice. We may, however, receive compensation from the issuers of some products mentioned in whole article. Opinions are the author's cryptocurrencies, and this content has cryptocurrencies been provided by, reviewed, approved or endorsed by any advertiser.
Bitcoin isn't the only digital currency available today. Here is a list of the best cryptocurrencies as measured by their general acceptance by investors and consumers. Bitcoin Bitcoin is most widely traded of the cryptourrencies, and easily the most popular. Ripple XRP Ripple is one of the older crypto currencies, having been launched in Monero XMR Manero is a digital currency, and one that also offers a high level of anonymity.