▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
Cryptocurrency Daily Rates (01.01.2020-01.08.2021)
#bitcoin #ethereum #cryptocurrency
What Are Cryptocurrencies?
The “crypto” in cryptocurrencies refers to complicated cryptography which allows for the creation and processing of digital currencies and their transactions across decentralized systems. Alongside this important “crypto” feature of these currencies is a common commitment to decentralization; cryptocurrencies are typically developed as code by teams who build in mechanisms for issuance (often, although not always, through a process called “mining”) and other controls.
Cryptocurrencies are almost always designed to be free from government manipulation and control, although as they have grown more popular this foundational aspect of the industry has come under fire. The currencies modeled after bitcoin are collectively called altcoins and have often tried to present themselves as modified or improved versions of bitcoin. While some of these currencies are easier to mine than bitcoin, there are tradeoffs, including greater risk brought on by lower levels of liquidity, acceptance and value retention.
1. Ethereum (ETH)
Ether, launched in 2015, is currently the second-largest digital currency by market cap after bitcoin, although it lags behind the dominant cryptocurrency by a significant margin. As of January 2020, ether’s market cap is roughly 1/10 the size of bitcoin’s.
As of Jan. 8, 2020, Ethereum (ETH) had a market cap of $15.6 billion and a per-token value of $142.54.
2. Ripple (XRP)
Ripple is a real-time global settlement network that offers instant, certain and low-cost international payments. Launched in 2012, Ripple “enables banks to settle cross-border payments in real-time, with end-to-end transparency, and at lower costs.”
As of Jan. 8, 2020, Ripple had a market cap of $9.2 billion and a per-token value of $0.21.
3. Litecoin (LTC)
Litecoin, launched in 2011, was among the first cryptocurrencies to follow in the footsteps of bitcoin and has often been referred to as “silver to bitcoin’s gold.” It was created by Charlie Lee, an MIT graduate and former Google engineer. Litecoin is based on an open-source global payment network that is not controlled by any central authority and uses “scrypt” as a proof of work, which can be decoded with the help of CPUs of consumer-grade. As of Jan. 8, 2020, Litecoin had a market cap of $3.0 billion and a per-token value of $46.92, making it the sixth-largest cryptocurrency in the world.
4. Tether (USDT)
Tether was one of the first and most popular of a group of so-called stablecoins, cryptocurrencies which aim to peg their market value to a currency or other external reference point so as to reduce volatility.
On Jan. 8, 2020, Tether was the fourth-largest cryptocurrency by market cap, with a total market cap of $4.6 billion and a per-token value of $1.00.
5. Bitcoin Cash (BCH)
Bitcoin Cash (BCH) holds an important place in the history of altcoins because it is one of the earliest and most successful hard forks of the original bitcoin. As of Jan. 8, 2020, BCH had a market cap of $4.4 billion and a value per token of $240.80.
6. Monero (XMR)
Monero is a secure, private and untraceable currency. This open-source cryptocurrency was launched in April 2014 and soon spiked great interest among the cryptography community and enthusiasts. The development of this cryptocurrency is completely donation-based and community-driven.
As of Jan. 8, 2020, Monero had a market cap of $994.0 million and a per-token value of $57.16.
7. EOS (EOS)
Launched in June of 2018, EOS was created by cryptocurrency pioneer Dan Larimer.
8. Bitcoin SV (BSV)
Bitcoin SV (BSV), with “SV” in this case standing for “Satoshi Vision,” is a hard fork of Bitcoin Cash. In this sense, BSV is a fork of a fork of the original Bitcoin network.
As of Jan. 8, 2020, BSV had a market cap of $2.1 billion and a per-token value of $114.43.
9. Binance Coin (BNB)
Binance Coin (BNB) is the official token of the Binance cryptocurrency exchange platform. Founded in 2017, Binance has quickly risen to become the largest exchange of its kind globally in terms of overall trading volume. The Binance Coin token allows Binance users to trade in dozens of different cryptocurrencies efficiently on the Binance platform.
As of Jan. 8, 2020, BNB had a market cap of $2.3 billion and a per-token value of $14.71
Music: Long Time Coming by Kevin MacLeod licensed under Creative Commons 4.0
Source:
Artist:
▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
Youtube version
