In our previous article, we’ve talked about cryptocurrency (The future of money). In this article, we are going to talk about the ten cryptocurrencies by market capitalization. We’ve been focusing on passive income because we know that passive income, investing, business, and finance education can make us financially free or financially independent (FI). If you are interested in generating free cryptocurrency, you can check our article on four ways to create a cryptocurrency(passive). First, let’s face some popular questions here:
What is cryptocurrency?
Cryptocurrency also called a digital currency is a web-based or internet-based exchange that uses a system cryptographically to make a financial transaction. Digital currency used blockchain technology to gain decentralization, fast, and unchangeable.
What does cryptocurrency mean?
The meaning of a cryptocurrency is crypto means cryptographically, and currency means money.
Why is digital currency essential?
Because of cryptocurrency’s decentralized nature, the Lowest fees compare to other old financial institutions, faster settlement, and access to everyone’s character make a digital currency important.
How do you get digital money?
There are multiple ways to get a digital money; the easiest way to get a digital currency is from Coinbase.
Is Bitcoin(BTC) is legal?
There is debate about Bitcoin(BTC), is legal or illegal. Of course, some government is trying to stop it but because of it’s decentralized nature nobody able to stop it. On the other hand, most of our country already allowed us to Buy, Sell even spend Bitcoin(BTC).
What is the minimum investment in Bitcoin(BTC)?
User one can start invest from $5 or even less if cryptocurrency exchanges allow you to buy it.
What is the first cryptocurrency?
The first cryptocurrency is Bitcoin(BTC), which is created by Satoshi Nakamoto.
- What is cryptocurrency mining?
Cryptocurrency mining processes to solve a complicated math problem by using computational power to generate a new cryptocurrency, which will be paid as a miner reward.
Will Bitcoin ever hit 1 Million, why or why not?
If the past is any guide for the future, we can expect Bitcoin(BTC) can hit 1 million dollars within a few decades because, Bitcoin(BTC), price is already skyrocketed from a few cents to thousands of dollars per coin. Furthermore, the adoption of Bitcoin(BTC) is increasing day by day.
Top 10 Cryptocurrency By Market Capitalizations
- Bitcoin(BTC)
- Ethereum (ETH)
- Ripple(XRP)
- Bitcoin Cash (BCH)
- Bitcoin SV (BSV)
- Litecoin (LTC)
- Tether (USDT)
- EOS (EOS)
- Binance Coin (BNB)
- Tezos (XTZ)
Bitcoin(BTC) King among the Top ten Cryptocurrency
Bitcoin(BTC) is the first digital currency among the top ten cryptocurrencies that are created by Satoshi Nakamoto. It’s only a few years since lots of company or individual was impressed by Bitcoin(BTC) technology. Undoubtedly, Bitcoin(BTC) is an interesting invention in our world. After the invention of Bitcoin(BTC), we saw some other good projects in cryptocurrency. An alternative to Bitcoin(BTC) coin, we called them altcoin. According to Bitcoin.org
“Bitcoin is an innovative payment network and a new kind of money.”
Bitcoin(BTC) uses peer-to-peer technology to operate with no central authority, banks, big institutions to manage a financial transaction using the blockchain system.
How does Bitcoin work?
Something like another cryptocurrency, both the sender and receiver need to have a wallet so that they can receive and send funds. The blockchain is a shared public ledger on which the entire Bitcoin network depends. Every transaction is staying in the blockchain. Investor whoever invest in the early phase of Bitcoin(BTC) they’ve to print approximately $26 million. See our article (Power of Dollar-Cost Averaging (DCA)?
Ethereum(ETH) (Second Better in the Top ten Crytocurrency)
Ethereum takes a second position among the top ten cryptocurrencies. According to the Ethereum website, Ethereum is a global, open-source platform for decentralizing applications. On Ethereum, you can write code that controls digital value, runs exactly as programmed, and is accessible anywhere in the world.
Deeper into Ethereum
Ethereum was launch in 2015; it is also the world’s programmable blockchain. In Etheurem, anything can build such as money, payments, own data, apps, financial systems, an open-access in-fracture that is controlled by no company or person. Like other blockchain projects, Ethereum has its native cryptocurrency called Ether(ETH). If you’ve heard of Bitcoin, ETH is also digital money something like Bitcoin(BTC), ETH has the same features. Ethereum(ETH) is purely digital and can be sent to anyone anywhere in the world instantly. It is decentralized, secure; in addition, all people around the world can use ETH to make a payment, as a store of value, or as collateral. interestingly, unlike another blockchain project, a developer can build new kinds of applications in Ethereum (ETH).
Again, Developers also can use Ethereum to create a decentralized application (or “dapps”) to gain the benefit of cryptocurrency and blockchain technology. According to the Ethereum website, thousands of Developer all over the world are building applications on Ethereum, such as
- Cryptocurrency wallets (Store, receive, and send payments with ETH or other assets)
- Financial application (It will allow the user to borrow, lend, or invest in digital assets)
- Decentralized markets (This market allow the user to exchange digital assets)
- Game and More.
Ripple(XRP) (Top Three among the top ten cryptocurrency)
This cryptocurrency manages to take the third position among the top ten cryptocurrencies.
Ripple(XRP) is also another cryptocurrency and according to their website:
“Ripple is the idea of using blockchain technology and digital assets to enable financial institutions to send money borders, instantly, reliable, and for fractions of a penny.” Furthermore, world-leading financial institutions such as American Express, MoneyGram, SBI Remit, Nium, Ria, and more already runs on ripple. Ripple is also both a platform and a currency. They’ve stated that “Too often, global payments are costly, unreliable and slow. The underlying system is fragmented and complex. RippleNet offers the most advanced blockchain technology for global payments – making it easy for financial institutions to reach a trusted, growing network of 300+ providers across 40+ countries and six continents.”
Bitcoin Cash (BCH) (Top four among the top ten cryptocurrencies)
Bitcoin Cash (BCH) is the split of Bitcoin; we called it a fork of Bitcoin. There is a lot of debate can be found about Bitcoin (BTC) and Bitcoin Cash (BCH). The debate is regarding what is real Bitcoin (BTC) is, Bitcoin cash community or Bitcoin Cash supporter said on their website that “Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as “Peer-to-Peer Electronic Cash.” Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development.” But It’ seems that the Adoption of Bitcoin cash (BCH) is not better than Bitcoin (BTC). The debate is regarding what is real Bitcoin (BTC), in the cryptocurrency space.
One person is known as “Bitcoin Jesus” is a big supporter of Bitcoin Cash (BCH). According to other media such as Wikipedia and CoinTelegraph, he sold explosives on eBay and later pleaded guilty to three related felony charges. First, he promotes Bitcoin (BTC), but now he is promoting Bitcoin Cash (BCH).
Bitcoin SV(BSV) (Top five among the top ten cryptocurrency)
Everyone is confusing about what is the real Bitcoin(BTC); there are lots of cryptocurrencies out there; their name starts from Bitcoin(BTC). Even If we go to coinmarketcap, then type Bitcoin, then we will get lots of cryptocurrencies which is starts from Bitcoin. By the way, if you don’t know about coinmarketcap. On this website, we can track a cryptocurrency price, rank, market capitalization, and more. Bitcoin SV is meaning Bitcoin Satoshi’s Vision. Besides, On Bitcoin SV(BSV) home page they the owner claiming:
“Bitcoin SV is the original Bitcoin.”
The public is speculating when they think they are investing money, please see our article Investment Versus Speculation (Why most of us losing money?)
Litecoin(LTC) (Top six among the top ten cryptocurrencies)
Litecoin (LTC), sometimes called a brother of Bitcoin (BTC), Litecoin is an improvement in Bitcoin (BTC). LTC is also a peer-to-peer internet currency that enables instant, near-zero cost payments to anyone in the world. It is an open-source, global payment network that is fully decentralized. Mathematics secures the network and empowers individuals to control their finance. Furthermore, LTC features faster transaction confirmation times and improved storage efficacy than the leading math-based currency such as Bitcoin. The adoption of Litecoin (LTC) has been increasing in the last few years and is expected to increase. Charlie Lee creates Litecoin. He is a Computer scientist who also worked in Coinbase.
Follow up, Litecoin (LTC) is an open-source software project. As stated, Litecoin (LTC) blockchain is capable of handling higher transaction volume than Bitcoin (BTC).
Tether(USDT) (Top seven among the top ten cryptocurrencies)
Tether (USDT) is a stable Tether (USDT) is a stable currency; it means it will be equivalent to $1 each. In the most volatile market of cryptocurrency, tether (USDT) serves as a perfect medium to stay safe from the most volatile markets by allowing the investor to convert any kind of cryptocurrency into a stable coin. Users can take benefit from both blockchain technology and traditional currency. The main benefit of using tether is User can take benefit:
- Stable Currency
Tether converts cash into digital currency to match the value of national currencies like the US dollar and Euro.
- 100% Backed
All tether is always 100% backed by their reserves.
In addition, the tether is transparent, uses blockchain technology, widespread integration, and is Secure. Most people take benefit of Tether (USDT).
EOS (EOS) (Top eight among the top ten cryptocurrencies)
EOS is a cryptocurrency it supports large–scale applications. It has its own native currency called EOS. They have three platforms:
- eosio
- one
- eos VC
According to their website:
Eosio is a next-generation, open-source blockchain protocol with industry-leading transaction speed and flexibility utility.
Block.one is global in high-performance blockchain software.
Eos VC is a business unit of Block. one that is committed to deploying funds through venture capital partnerships invested in the future development of blockchain technologies in the EOSIO ecosystem.
Binance Coin (BNB) (Top nine among the top ten cryptocurrencies)
Binance is the world’s most popular cryptocurrency exchange platform. The popularity of Binance has been increasing gradually since 2017. Binance Coin (BNB) is its native currency. Binance takes over a market in a short time; user one can trade cryptocurrency in Binance. Binance average daily volume reaches 1.2 billion; it can also handle the 1,400,000+ transactions per second. Let’s swim deep into a Binance River and its product:
- Exchange (Binance exchange is the largest crypto trading platform by trade volume and one of the fastest in the world.)
- Academy (This is an open-access learning hub, providing a one-stop-shop for blockchain crypto learning resources.)
- Charity (Binance Charity is a not-for-profit foundation.
- Info (This is cryptocurrency encyclopedia)
- Labs (Binance labs is a resource impact fund and an initiative to incubate, invest, and empower blockchain projects.)
- Launchpad (Token launch platform for business to bring to the public)
- Research (Binance Research provides high-level research reports, data-driven insights, and analysis for an investor in the crypto space).
- Trust Wallet (Official wallet of Binance)
- Binance Chain (Binance Chain is a community-driven blockchain software system with developers and contributors from all over the world. Binance DEX is a decentralized exchange.
Tezos(XTZ) (Top ten among the top ten cryptocurriencies)
Tezos is an open-source platform for assets and applications that can evolve by upgrading itself. Stakeholders govern upgrades to the core protocol, including upgrades to the amendment process itself. In the past few years, lots of Cryptocurrency split, by forking. However, Tezos(XTZ), will upgrade itself without having to split (“fork”) the network into two different blockchains.
More popular Cryptocurrency
Cardano (ADA)
Cardano (ADA) is a decentralized public blockchain and cryptocurrency project which is open-source. ADA is also a smart contract platform that is trying to deliver more advanced features than any other protocol previously developed, such as Ethereum.
Monero(XMR)
Monero(XMR) is also a decentralized cryptocurrency and more private than Bitcoin(BTC). Furthermore, XMR uses a ring signature to make it more private than any other cryptocurrency. Again, this cryptocurrency’s untraceable character makes it more important.
Manero’s popularity in the cryptocurrency space has been rising gradually because of its anonymity character. In addition, the support of Monero has grown, either for illegal activates and for legal activity as well. Monero price has been skyrocket within few years from few cents to $450 Pick.
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In the final, if you have any questions please don’t forget to contact us at info@currencyhacked.com.
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