As we’ve seen earlier on how Bitcoin value rises up from 16 lakhs INR to 22 Lacks INR. A lot of people have been investing in Bitcoin and the three largest crypto-exchanges are WazirX, Unocoin, and CoinDCX. They claim that there is anywhere between 60 lakh to one crore cryptocurrency holders. In the country with holdings of over Rs 10,000 crore.
One of the digital assets, as a medium for exchanging ownership of an individual coin. That is stored in form of a database using strong secure transaction records to control and for verification of the coin ownership.
The Top 10 Currencies are mentioned below, for readers to have a better overview-
Dogecoin is a cryptocurrency invented by Billy Markus and Jackson Palmer. They decided to create a payment system that is very instant, fun, and free from traditional banking fees. It features the face of the Shiba Inu dog from the “Doge” meme as its logo and namesake.
Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. Binance was also the largest cryptocurrency exchange in the world in terms of the trading volume. It was founded by Changpeng Zhao, a developer who had previously created a high-frequency trading software.
Released in 2014, Monero is a privacy-focused cryptocurrency. It is an open-source protocol based on CryptoNote. It uses an obfuscated public ledger, meaning anyone can send or broadcast transactions, but no outside observer can tell the source, amount, or destination.
As Chainlink is a decentralized Oracle network it provides an interactive linking solution. That helps delivers internal information to the outside by playing the role of blockchain meson and connecting smart contracts of blockchain with outside system or application program interfaces.
Tether is a controversial cryptocurrency with tokens issued by Tether Limited. It formerly claimed that each token was backed by one United States dollar, but on 14 March 2019 changed the backing to include loans to affiliate companies.
Stellar, or Stellar Lumens, is an open-source, crypto developed by Jeb McCaleb in 2014. It is a decentralized protocol for digital currency to fiat money transfers which allows cross-border transactions between any pair of currencies.
Litecoin is a peer-to-peer cryptocurrency, that is an open-source software project as well. Released under the MIT/X11 license, Litecoin was an early bitcoin spinoff or altcoin. It initially started in October 2011and it is nearly identical to Bitcoin.
Ethereum is a decentralized, open-source blockchain featuring smart contract functionality. It is the native cryptocurrency of the platform. Also, is the second-largest cryptocurrency by market capitalization, after Bitcoin. It is the most actively used blockchain.
Polkadot is a multi-chain interchange and translation architecture. That enables customized side-chains to connect with public blockchains. The protocol was created by the Ethereum co-founder Gavin Wood.
Cardano is a cryptocurrency network and is an open-source project as well. It aims to run a public blockchain platform for smart contracts. Cardano’s internal cryptocurrency is called Ada. The development of the project is overseen and supervised by the Cardano Foundation based in Zug, Switzerland.
Well with that said, do let us know your opinions on these Cryptocurrencies, by dropping a comment down below.
