Very good people from Steemit!
This time I come to talk about a topic very talked about in recent months and I find it amazing what is the extensive world of cryptocurrencies.
The cryptocurrencies are digital or virtual currencies designed for a safe exchange method in some cases almost anonymous, there are many news generated by this futuristic concept which begins to increase more among the population, leaving the traditional money and the model that governs it little by little to its end. Currently there are thousands of digital currencies that exist and are characterized by the use of cryptography to confirm purchases and transfers, thus converting them into almost indecipherable information. This is usually generated by releasing as a reward for those who lend their computer equipment for the complex calculations required by the system. Although it is not profitable for an average user.
Here the cryptocurrencies you should know:
RIPPLE (XRP):
This coin to start does not have a very high price in the virtual market, but Ripple has something special that makes a difference, this is much more complex than the others since it pursues a complete credit system through Peer-to-Peer technology. this case does not depend on the decision-making of the central banks or institutions, but on the participants, and its main strength is its orientation towards the banking sector where it is being implemented within traditional banking.
Instant transactions and the use of indecipherable information travel through random nodes, resistant to the fall of many of them are its main strengths and that is why more than something innovative is gradually becoming the preferred of the current financial system.
Price today 3/17/2018 of the currency
MONERO (XRM):
This currency was born in 2014 mainly focused on becoming one of the most anonymous currencies in the market through a system where transactions are also anonymous, but without revealing the Issuer, the Receiver or the quantity. Apart from that, privacy is multiplied by the use of a technology known as ring signatures.
And as if it were not enough, they are working on new modalities to further increase anonymity. For all this it became one of the favorite currencies of the deep internet where it gained fame until becoming the trending currency that it is today.
Price today 3/17/2018 of the currency
LITECOIN (LTC):
This coin was born in 2011 by former Google employee Charlie Lee one of its highlights for most people is familiarity, because it is virtually equal to Bitcoin which makes it easy to handle for those who come from the same
Regarding the differences this allows confirmation of very fast transactions, has a production almost 4 times larger than the bitcoin and that for the preparation of the currency do not need sophisticated equipment. For some a bitcoin copy or for some an improved version.
Price today 3/17/2018 of the currency
ETHEREUM (ETHER):
This is a decentralized platform launched by Vitalik Buterin, with such overwhelming success that in 2 years of life it has become the first bitcoin alternative, the currency is known as ETHER and is considered a next generation coin. Its software has a key advantage and is the ability to create intelligent contracts without third parties with an infinite number of options that validate it both for the business world and for the individual domain. As it is to suppose with capacity of encryption so that only the contractors can have knowledge of this if they wish it.
Price today 3/17/2018 of the currency
BITCOIN (BTC):
As expected this position is earned by the famous currency called bitcoin, it was launched in 2009, thus being the oldest relevant currency adding a total valuation higher than the rest of cryptocurrencies together, its reputation is such that the rest of them they are known as "Altcoins" or alternatives to Bitcoin. This cryptocurrency was created by a person or entity under the alias Satoshi Nakamoto. Although there have been many speculations, the identity of the creator has been convincingly demonstrated today.
Bitcoin showed a path that many followed, each one with its specific characteristics; a pioneer in the greatest attempt to change an antiquated monetary system that has long been calling for evolution.
Price today 3/17/2018 of the currency
To conclude we can say that cryptocurrencies are essentially a new concept of decentralized digital money since no one controls them and there is no single issuer like the competent entities in traditional money, but it is produced by the users who dedicate themselves to it. . The economic model that governs them has them in their sights, since if they were to prosper, they would take them to their final point. In turn these are not controlled by states or large financial corporations and the accounts can not be closed or interrupted, since whatever you have in your account is yours and only you have access.
Against it is good to note that they are still highly volatile and if you are not familiar with the subject is not at all advisable to invest.
And this is all, thanks for getting here, if you liked me you would help me a lot by giving me your vote. Also comment below what you think about it. Follow me if you want to see more like this or other contents.
Sources of the images: https://coinmarketcap.com/