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Starts of the crypto world are busy in doubling wealth, each day in some cases.
Most popular among them, bitcoin has soared in over 19 times in 2017 and 142% in the past one month. Other major CRYPTOCURRENCIES are also following the leader.
The second largest cryptocurrency is Ethereum, has gained 107 percentage in the past one month. The currency jumped to $722.75 on December 18 from 353.44 on November 19,2017.
Ethereum is founded in 2013 by vitalik butkerin and uses a cryptocurrency called Ether which is used as a payment method. Ethereum is a decentralized system, which allows investing, accounting and implementing of decentralized programs or smart contracts.
Smart contracts and transaction protocols or programs, which check the terms of a contracts automatically and run as a demanded by clauses by the contract
Other major digital currencies included ripple, litecoin and IOTO have gained over 200 percent,350 percent 1,600 percent and 300 percent respectively in the past one month
Global news agency Bloomberg recently added price quotes for three other cryptocurrences -Ethereum, litecoin and ripple -- to its terminal services. The terminal is used by major investment houses and banks worldwide. It had earlier added bitcoin.
According to coingecko.com cardano is a decentralized public block chain and cryptocurrency progect and is fully opensource. Cardano is developing a smart contract platform which seeks to deliver more advanced futures than any protocol previously developed.
IOTA is a distributed ledger for the internet of things. The first ledger with micro transactions without fees as well as secure data transfer.
DASH, STELLAR, EOS and MONERO also advance 135 percent,650 percent, 325 percent, 150 percent respectively during November 18-December 18.
MONERO is a privacy-centric cryptocurrency based on the crypto noto protocol.
In order to tap invester internet, select exchanges have started future trading in bitcoin. In the recent past, CME Group Inc, the world largest derivative exchange operators began trading bitcoin future on sunday.