Today cryptocurrencies have become a global phenomenon known to most people.Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency.
In his announcement of Bitcoin in late 2008, Satoshi said he developed “A Peer-to-Peer Electronic Cash System.“
What are cryptocurrencies really?
Cryptocurrency, or digital currency, is an invention of the Internet.A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature.This is a medium of exchange like normal currencies such as USD but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography.
Top 10 cryptocurrencies..........
1.Bitcoin-
The one and only, the first and most famous cryptocurrency.Bitcoin was created and released in 2009 by Satoshi Nakamoto, an anonymous figure. Bitcoin has the biggest market cap to date around $10billion.Bitcoin‘s price has increased from zero to more than 650 Dollar, and its transaction volume reached more than 200.000 daily transactions.
2.Ethereum-
Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications.Like Bitcoin, Ethereum is a distributed public blockchain network.This platform was marketed as the “next generation crypto currency and decentralized application platform” and has a market cap of $1.1 billion.
- Litecoin-
Litecoin was released in October 2011 by former Google employee Charles Lee as an alternative to Bitcoin.It has a market cap of roughly $180 million, a far cry from its highest peak of $1.2 billion back in 2013.
4.Ripple-
Released in 2012 and with a current market cap of $243 million, the Ripple system has been integrated into a few banks and payment networks to reduce costs. You can buy one unit with a price of around $0.18.
5.Monero-
Monero is an open-source virtual currency introduced in April 2014 that focuses on privacy and decentralization. Moreover, the market cap of Monero is $425,834,896 with a value of around 29.48 US Dollar for a unit.Monero is mostly used by individuals wishing to remain incognito on the web.
6.Ethereum Classic-
Although it is not so famous but it has a market cap of $575,782,074 and value of approximately $6.58.
7.Dash-
Dash is a cryptocurrency with a strong focus on both privacy and speed.Meanwhile, Dash has a market cap of around $664,377,178 at the time we wrote this outlook.
8.MaidSafeCoin-
MaidSafeCoin is the cryptocurrency for the SAFE network, which is a security-centric data platform. The cryptocurrency with a market cap of $148,897,399 and price of around $0.322 per unit.
9.Augur-
The Augur has a market cap of $188,505,585 with the value of $17.15.
10.Storjcoin X-
Storj released Storjcoin X in July 2014.The market cap as of mid-September is $8 million.
So The conclusion is like that........
1.BITCOIN
2.ETHEREUM
3.LITECOIN
4.RIPPLE
5.MONERO
6.ETHEREUM CLASSIC
7.DASH
8.MAIDSAFECOIN
9.AUGUR
10.STORJCOIN X