Cryptocurrency importance and popularity is increasing day by day throughout the world. Hence most of people are showing interest to know more about cryptocurrency. Today in this article we will cover the details about cryptocurrency and various popular cryptocurrencies and their value.
What is Cryptocurrency?
Table of Contents
Cryptocurrency can be termed as a digital currency. It is a virtual currency. However, digital currency is controlled by the central or central banks of the respective countries. They are responsible for the management of digital currency.
But when it comes to cryptocurrencies here, no one has control over them. They Operate through a decentralized system. The value of cryptocurrencies varies based on demand and supply. Cryptocurrencies operate on the basis of blockchain technology.
How was Cryptocurrency Introduced?
However cryptocurrency had been introduced about 13 years before, recently they became more popular. Satoshi Nakamoto is said to have discovered Bitcoin in October 2008. It was during bitcoin’s invention that he has created a decentralized digital cash system.
Many people have tried to create this even before him But no one succeeded. He only succeeded. Made a digital cash system with no control. This was the beginning of cryptocurrencies. They work without a central server and without any ownership.
Types Cryptocurrency and Their Value
Whenever someone talks about cryptocurrency Bitcoin immediately strikes in most of us minds, isn’t it? But in fact there are thousands of cryptocurrencies in the market. Now let’s see various types of cryptocurrency and their value.
1. Bitcoin (BTC)
Till today many assume that Bitcoin is a cryptocurrency, crypto is Bitcoin. It has gained such popularity. It was the first crypto invented by Santhoshi Nakamoto in 2009. Below are the values of bitcoin
- Price: $44,340
- Market cap: $812 billion
2. Ethereum (ETH)
It’s one of the well-known cryptos. it is the community-run system to use Ether ( currency) to perform operations.
- Price: $3.22
- Market cap: $368 billion
3. Tether (USDT)
This crypto is considered a stable coin as it value had been fixed at one US dollar. It’s value won’t fluctuate as like others crypto.
- Price: $1.00
- Market cap: $78 billion
In short, it is known as ADA and the values are
- Price: $1.20
- Market cap: $39 billion
5. Binance coin
This is termed as BNB, this crypto issued by Binance.
- Price: $424.51
- Market cap: $70 billion
6. USD COIN – $ 1.00
7. XRP – $ 0.785
8. Avalanche (AVAX) – $77.98
9. Polkadot (DOT) – $ 16.94
10. Terra (LUNA) – $ 48.54
These the some of the popular bitcoins and values. Their values constantly vary if you want to invest in digital money do your own research completely and carefully before investing.
For More Updates Stay With Stanford Arts Review.