Cryptocurrency
Cryptocurrency is otherwise known as crypto-currency or crypto. Cryptocurrency is a digital payment system that uses cryptography to secure transactions. It's a peer-to-peer system that can enable anyone anywhere to send and receive payments.
Instead of being physical money carried around and exchanged in the real world, cryptocurrency payments exist purely as digital entries to an online database describing specific transactions.
The first cryptocurrency was Bitcoin, which was
founded in 2009 and remains the best known today. Much of the interest in
cryptocurrencies is to trade for profit, with speculators at times driving
prices skyward.
How does cryptocurrency run?
Cryptocurrencies run on a distributed public ledger called blockchain, a record of all transactions updated and held by currency holders.
Cryptocurrencies are created through a process called mining, which involves using computers to solve complicated mathematical problems that generate coins. Users can also buy the currencies from brokers, then store and spend them using cryptographic wallets.
Types of coins and market values
Here's an overview of some of the most popular digital coins and their market values are listed below
|
DIGITAL COINS |
TOTAL MARKET VALUES |
|
Bitcoin (CRYPTO: BTC) |
$749 billion |
|
Ethereum (CRYPTO: ETH) |
$313 billion |
|
Tether (CRYPTO: USDT) |
$79.5 billion |
|
Binance Coin (CRYPTO: BNB) |
$62.6 billion |
|
USD Coin (CRYPTO: USDC) |
$53.2 billion |
|
XRP (CRYPTO: XRP) |
$34.4 billion |
|
Terra (CRYPTO: LUNA) |
$32.9 billion |
|
Solana (CRYPTO: SOL) |
$28.5 billion |
|
Cardano (CRYPTO: ADA) |
$28.4 billion |
|
Avalanche (CRYPTO: AVAX) |
$20.6 billion |
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