Few people know the market exists about 3,000 kinds of virtual currency. Only some of them are as popular as Bitcoin or Ethereum.
Virtual money, or digital money, is an invention of the Internet era. Basically, they were born when someone came up with the idea, "Why do not we create a geo-free money system, like on the Internet." Currently, more than 3,000 virtual currency exist.
Not all virtual currency is created in a fair way. Some came out with great technology. Another, born as a joke. There is a similarity between them, any virtual currency is only valid for a certain group of people.
As with other assets (such as securities or real estate), its price can fluctuate, creating billionaire suddenly but also a dangerous investment. Here are the 10 most popular virtual currency today, according to CoinGecko ratings.
Bitcoin
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Bitcoin prices jump in 2017. Source: Blockchain.info.
Bitcoin was born in 2009 by Satoshi Nakamoto - a rather mysterious person. Bitcoin's market value is over $ 10 billion (June 2016), more than all other virtual currencies combined. For many people, mentioning virtual currency is a reference to Bitcoin. Because of its brand value, all remaining virtual currency is considered "altcoin" - the virtual currency replacing Bitcoin.
Ethereum
Ethereum is a smart currency based on smart contracts that allows you to track all transactions and related agreements through a ledger. Ethereum is divided into Ethereum and Ethereum Classic.
Created by Vitalik Buterin and put on the market by mid-2015, it is being advertised as a virtual currency that has more potential than Bitcoin with a market value of about $ 1.1 billion.
Litecoin
Litecoin was launched in September 2011 by former Google employee Charles Lee as a replacement for Bitcoin. Users also can exploit, use it to exchange for products and services. As of July 2016, its value reached $ 180 million, well below the $ 1.2 billion peak in 2013.
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Monero
Moneno is known as a secret virtual currency - using group signature technology, creating security, privacy and no trace. With a market value of about $ 138 million, Monero is primarily used by individuals seeking anonymity on the Internet.
Ripple
Ripple is a real-time payment system that converts currencies. Launched in 2012 and valued at about $ 243 million, the ripple has been integrated into several banks and payment systems to reduce costs incurred.
Dogecoin
Dogecoin was originally known as a joke currency but still attracted great attention. The term doge in its name is pronounced Dog (literally dog). It is often used on forums or donations to some organizations. Dogecoin's market value is about $ 25 million.
Dash
Dash (short for digital cash) has the strength of security and speed of payment. It was renamed from Darkcoin to avoid the dark web. Dash has a market value of about $ 77 million. One can use it to pay at a large number of stores, systems.
MaidSafeCoin
MaidSafeCoin, also known as SafeCoin, is a virtual currency for networks that use secure data platforms. Currently, there are a number of applications that use this network to protect data. The market value of this virtual currency is $ 39 million.
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Lisk
Unlike most virtual currencies in this list (except Ethereum), anyone can use Lisk's system to create dappable applications using the Javascript programming language.
As such, this currency is worth the practical application and used to create a variety of dapp, including social networking platform, ecommerce store. Its market value is $ 25 million.
Storjcoin X
Storjcoin X launches in July 2014. Storj - the company that created it - exploits an open source data encryption network and uses Storjcoin to provide access to and use of the service. Market value of this virtual currency in September 2016 is $ 8 million.
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