Not only Bitcoin, 7 Digital currencies are the most valuable in the world

For those of you who follow the development of technology, the term Bitcoin May already sound familiar your ears. Bitcoin is one of cryptocurrency most valuable in the world.

Cryptocurrency himself was the invention of the internet, which is a digital currency that operates independently without interference of the central bank. The idea is how to make a system where money is not bound by geographic location, such as the internet.

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Digital currencies with a market capitalisation of terbesarMeskipun Bitcoin is the most talked about cryptocurrency, there are actually more 3,000 digital currencies in the world. Quoted from Hongkiat, 7 cryptocurrencies here with the largest market capitalization based on the analysis of CoinGecko.

BitCoin

Bitcoin (BTC) is a digital currency first and touted as the best. Bitcoin created by Satoshi Nakamoto and launched publicly in open source in 2009.

Bitcoin currently has the largest market capitalization approximately US $15 billion. Usually most people use Bitcoin digital currency before trying another due bitcoin has a good reputation.

Besides the Bitcoin, all other currencies are referred to as ' altcoins ' (an alternative to coins). Bitcoin is known as the first, the easiest to get, and the widest acceptance.

Ethereum

Many parties trying to rival the popularity of the Bitcoin, but no one has managed to do it. Until 2014 Vitalik Buterin create a platform called the Ethereum.

The platform also has a virtual currency such as the Bitcoin, called ether. With the help of some colleagues, he managed to collect $18 million in crowdfunding to fund the development of the platform. Currently, the value of all of the ether in the world has reached $942 million US.

Ethereum is known for its ability to make payments with Peer-to-peer without the use of a third party.

LiteCoin

Litecoin or LTC officially released to the public in 2011. Cryptocurrency was created by former Google employees, Charles Lee, with the aim of making better Bitcoin.

Like Bitcoin, Litecoin is used as a virtual currency for the transaction of goods and services. Litecoin currently has a market capitalisation of about $200 million, from the highest peak of US $1.2 billion in 2013.

Monero

Bitcoin is often misinterpreted as the currencies of ' anonymous ', in fact not the case. Well Monero is a digital currency that is more focused on privacy, making it safer and Monero cannot be traced.

Monera is at fourth position with a market capitalization of approximately US $181 million. Monero is widely used by individuals who wish to remain anonymous on the internet becomes.

Dash

Dash is an extension of Digital cash that was originally called Darkcoin and should be replaced for the purposes of marketing. Unlike the Bitcoin and Litecoin, DASH uses a hash algorithm that uses X 11 different 11 rounds.

The algorithm is claimed to be faster and use more efficient computer performance. Dash's market capitalization now is the US $113 million.

Ripple

Ripple also known as XPR is a digital currency that was originally developed in closed by Ripple networks to create a payment system that is safe, easy and fast.

However in the year 2013, the Ripple network decided to make this project became open source under the ISC. Ripple consensus algorithm that allows the use of payment processing, foreign, and remittances are distributed. Now the system has been integrated into some of the ripples of the Bank and the payment networks to reduce costs. Ripplw current market capitalization is US $234 million.

Zcash

The advantages of this Zcash can encrypt the transaction and the amount transacted, so it cannot be traced. Zcash itself built upon cryptographic algorithms called zero-knowledge proof.

This system allows users to prove that they have the money without showing their identities or how much money they will Transact. Thus, users will have greater control over privacy in digital transactions.

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Conclusion :

Like any other asset (stock or property), the price of this digital currency can also rise and fall rapidly. We can invest to make a profit but can also risk losing. So, are you interested or have been using such a digital currency? Share your opinion.

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