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Cryptocurrency or digital currency is a well-known term now a day. We are now a part of the digital era.  In addition, we have more 3000 cryptocurrencies right now. Moreover, like someone says that we are going to replace paper money with digital money.

Are all cryptocurrencies treating equally?

what is the reason behind the creation of these digital currencies? Everyone want to know the reason. Accordingly, Some of them were created as a joke or “just because”. Few were a part of a scheme. Whereas, the worth or value of any cryptocurrency is because of its user’s demand.

Same like other useful assets like oil, stock, property etc. Accordingly, digital’s currencies’ value also faces the rise and fall in its value. By creating a scary situation in form of risky investment and rise, fall in its values.

Why we need the digital currencies

Here, the question is why we people need these digital currencies. First, government or other exchange charge a heavy amount for routine transactions. where the international transactions become costlier. Moreover, digital currency invention brings the revolutionary change in routine transactions. people do the transaction without any heavy fees. And, the most important thing is, users are allowing to do the transaction without the middle person. They are free to do transactions, where they want in the world. This is the first and foremost reason, why we need digital currency.

Main characteristics of digital currencies 

A cryptocurrency should fall on some characteristics are as follows:

Capitalization and trading volume

Market capitalization is the total of all cryptocurrencies. While the high market capitalization indicates the real worth of the cryptocurrency and its availability.  The most important thing in the capitalization is its daily trading volume. Which is directly change due to exchange percentage. Whereas, the healthy economy of the transactions is because of trading volume.

Verification process

The main feature of the cryptocurrencies is verification process. The old method is proof of work. A computer has to enhance its energy and time by solving the trike mathematical problem. Whether downside of this method is that it needs massive energy to operate. In addition, the system with less processing power and handsome out is proof of stake. This proof of stake system is used to solve these problems.

Acceptance

If you don’t carry out the transactions with cryptocurrency means it has no acceptance in retailer market. Meanwhile,  it’s important to do transactions with digital currency and make it sure that currency has market acceptance and market values as well.

Above all are some characteristics of the digital currencies. Now, we will discuss the top 10 cryptocurrencies of the world.

Top 10 digital currencies        

There are more than 500 digital currencies but we will discuss few of them.

Bitcoin

First and foremost, cryptocurrency anonymously created by Satoshi Nakamoto in 2009. Bitcoin has the biggest market capitalization around $10 million, the prominent capitalization as compare to other cryptocurrencies. Read all about bitcoin 

Ethereum  

A cryptocurrency platform who has the ability to execute peer-to-peer, smart contact. Ethereum was created by Vitalik Buterin in 2015. And, split into two parts Ethereum and Ethereum Classic due to DAO attack. Whereas, with the confidence of next generation platform, Ethereum has around $1.1 market capitalization.

Ripple   

Now, the next is the ripple. Which is gross time settlement process? The cryptocurrency released in 2012. To reduce the cost, this system is integrated into few banks.

 Litecoin   

Charles Lee introduces the litecoin in 2011. Accordingly, has the roughly market capitalization $180 million, litecoin also used in sale and purchase process.

Monero

A digital currency that focuses on the privacy terms and decentralization is Monero, launched in 2014. Whereas, It is totally based on the cryptonote protocol and algorithmic differences directly relating to the blockchain. By using ring signature technology Monero keeps focusing on the privacy of the users. With around $138 market capitalization Monero has increasing users’ percentage.

Ethereum classic

A technology built or use by anyone is ethereum classic, run on blockchain technology. It is an open source project built by the public. No one has the authority to control ethereum classic. In addition, it is not famous enough but has the market capitalization $575,782,074.

Dash  

Dash is basically a digital cash, which has the ability to use anywhere. In addition, It is a peer-to-peer cryptocurrency which offers private transaction as well as instant transactions. Accordingly, It is also known as Darkcoin or Xcoin with the market capitalization $664,377,178,  in 2014.

Maidsafecoin

The idea behind is to share your computers as a dropbox and google drive. It has around $4.3 market cap.

Augur

Augur has the market cap $188,505,585. While the network is working by users to contribute the storage and computing power.

Nem

It is not only a cryptocurrency but it is a blockchain product who is handling the native currency token. Market cap of Nem is $1,031,274,000.

 

Good luck!

 

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What Are The Best Altcoin To Invest in 2017?

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Here are some suggested best Altcoins you might consider to invest in 2017:

Ethereum:

Vatalik Buterin stated in late 2013, this blockchain based, public, and open source distributed computing platform is the great rival of Bitcoin. The Ethereum’s main target was to program required agreement into the blockchain that led to the introduction of a new smart contract hallmark. It has gone from $8 to $130 1st of January to 17th of June and its worth is $235.91 at the time of writing which is impressive.

Litecoin:

Litecoin is a peer-to-peer virtual currency which allows flash and almost zero cost subsidies to anyone who is producing it. This digital currency is a global remittance and an open source channel which is totally decentralized without any major credit. Math defends the arrangement and offers the people to regulate their own investment. The main features of Litecoin include advanced storage capacity and high-speed transaction verification times than the other digital currencies.

Dash:

Dash is the first decentralized and independent system which offer their users all that Bitcoin has to offer. It also presents their users some advanced capacities which include private transaction, instant transactions, decentralized governance. Dash offers the users the solutions for applying increased time to confirm a transaction, double spending dilemma, and secrecy concerns etc.

Ripple:

Ripple is a technology which allows the banks to send real-time payment worldwide across the network. It’s also a solution which exclusively relates to securing real-time payment among the banks at low cost, low risk, and a great speed. Some international banks such as Mizuho Financial Group, Siam Commercial Bank, UBS, and Fidor Bank have joined hands with the Ripple which show the remarkable potential of Ripple.

Primecoin:

Primecoin is an altcoin, produced by Sunny King. It finds the prime chains composed of Cunningham and the Bi-twin chain for proof-of-work, which may drive to some useful byproducts. These prime number chains consider being very important for the mathematical investigation.

Peercoin:

This digital currency does not have an inflexible limit on the possible coins like Bitcoin and Litecoin. Peercoin has designed to grow an annual inflation rate of 1 percent. If you have got a device which works for Bitcoin network then the same device will also work with Peercoin.

Dogecoin:

Dogecoin introduced on December 8, 2013. It made its online community rapidly and lead at a capitalization of 60 million USD in January 2014. Dogecoin project has a large number of the coin which is lower in value and suitable for transferring out the small transactions. It provides faster transaction and it’s also extremely cheap.

Feathercoin:

Feathercoin offers borderless transactions by using an end to end technology. It has enough uniqueness to bypass banking and it is one of the best features of Feathercoin. Conflicting to other digital currencies, it revives on regular basis to combine additional features and developments and providing a safeguard for the fork.

Monero:

Different from other digital currencies which are challenging to Bitcoin, Monero base on the CryptoNote protocol. It occupies basic algorithm irregularities and restating to the blockchain complications. It offers the characters with the Ring Signatures and Stealth Addresses. Monero has also a discreetly fleet production arcs.  Monero with a smaller inflammation of 12% per year is already acceptable and it’ll surely a risk for the Bitcoin rank in DarkNet markets.

Antshares:

Antshares is the newest platform to make a call on the market with a shouting cap of more than $7 million at the issuing time. It has produced some serious partnership with different chief multinational companies in the world as Alibaba.

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Onestpay Best Method to Exchange Bitcoin to Paypal – PerfectMoney – Payeer etc

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Bitcoin Value Drops Back Down to Below $4000

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While Bitcoin had experienced a decent climb since the fork took place. It experienced a $150 drop on August 22, where it is now being traded at $3894.

Everyone has observed this rally quite extensively and some traders have started to believe that this rally might even be reaching its peak.

Organizer of the trading group Whale Club, BTC VIX, commented that he is slowly losing confidence in the rally. Since the price has dipped four times since crossing that $4000 mark, he thinks it’s a sign that the market doesn’t want to push the price higher.

On the other hand, market spectators predict that bitcoin might stabilize around the $4000 mark.  We are unaware of whether it’d rise back up or drop down lower. We do know that the next big date that’s marker on our calendars is Segwit2x in November.

 

News credits: coindesk.com

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