Bitcoin, Ethereum, Bitcoin Cash, Ripple, and Litecoin are the top 5 cryptocurrencies by market cap as of January 2018. Here's a look at what each is and why you should watch them in 2018.
Bitcoin is the original cryptocurrency, and is still the largest by market cap. Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum was invented by Vitalik Buterin and launched in July 2015.
Bitcoin Cash is a cryptocurrency and a payment system. It is a fork of Bitcoin, meaning that it shares its history up until the fork, but then continues on its own path. Bitcoin Cash was created in August 2017 as a result of a hard fork from the Bitcoin blockchain.
Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc. Ripple was released in 2012 and currently has a market cap of $8.5 billion.
Litecoin is a decentralized open source digital currency that enables instant payments to anyone in the world. Litecoin was created in October 2011 by Charlie Lee.
Bitcoin is the original cryptocurrency, and is still the largest by market cap. Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum was invented by Vitalik Buterin and launched in July 2015.
Bitcoin Cash is a cryptocurrency and a payment system. It is a fork of Bitcoin, meaning that it shares its history up until the fork, but then continues on its own path. Bitcoin Cash was created in August 2017 as a result of a hard fork from the Bitcoin blockchain.
Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc. Ripple was released in 2012 and currently has a market cap of $8.5 billion.
Litecoin is a decentralized open source digital currency that enables instant payments to anyone in the world. Litecoin was created in October 2011 by Charlie Lee.
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