Let's Look At The Top 5 Cryptocurrencies In The World. Part 1
In the crypto world, there are a whole lot of opportunities to consider and a lot of tokens to look out for in either considering for investment or saving plan. Some ranges due to their volatility and other factors that I strongly believe should be put into consideration.
There are Shitcoins which in my last post I actually talked about them in details if you have not done so, go check it out. We have the altcoins which ranges from smaller trading volume and then we actually have the big man coin which some called the giant. Most of the time, the top ten in the list of crypto as you can get the ranking in coinmarket cap is regarded as the giant of crypto. Every blessed day, new crypto are trying to make either the top 100 or the top 10.
Today, I will be picking 5 out of them which I regard as the giant due to a lot of reason which I will also be explaining features by features when I picked them. The list are bitcoin, Ethereum, Binance Coin, Tether and Cardano. So let's start.
- Bitcoin (BTC)
Obviously in everyone's lists bitcoin will definitely be number one. The giant of crypto market and still the first crypto that was created. In fact the arrival of bitcoin gave birth to a lot of things like other crypto coming up, massive adoption of the crypto world and many more. Briefly , let's look in details about Bitcoin.
Bitcoin happen to be a digital currency which was created in 2008 by someone whose identity has not yet been known but was rumour to be sastoshi nakamoto. It was actually built on blockchain to be run on. Well not only that, what also help bitcoin to stand out and of course that is the common feature all other crypto have is it is not built on any central authority. What do I mean by that, it is not really built on authorities like the government, like the financial institutions. It is Decentralised. Transactions are carried out on the blockchain.
Bitcoin are actually created in a way whereby it rewards the miners. What do I mean by that. When mining takes place in the crypto world, the reward they get is in bitcoin format. As of writing right now, the total supply of Bitcoin is capped at 21 million coins. Bitcoin holders have public address also built on the blockchain that allows the user or the owner of those addresses to send or receive bitcoin. All transactions once again are recorded on the blockchain publicly so it is easy to be able to find out how funds are being moved even in those addresses.
- Ethereum (ETH)
Alright let me move to the second in my list which is the Ethereum. Some traders call it the second in command in the crypto space after bitcoin. For long there have been popular belief that one day the world of Ethereum will dethrone bitcoin as the first on the list but we are still waiting for the day. Probably it will happen in the nearest Future. But till then, all fingers are crossed.
Just like bitcoin, Ethereum is also a Decentralised digital currency. But beyond that, it is also a Decentralised platform where smart contracts operate on. It was originated by Vitalik Buterin in 2013 that is 4 years after Bitcoin comes to the picture. But the network went fully live July 30th, 2015.
Now just like bitcoin it's counterpart, Ethereum also utilise the Blockchain technology. One of the significant differences between both I mean bitcoin and Ethereum is the fact that it allows the running of smart contract and DApps. What are really smart contract? They are contracts that are carried out based on agreement written in code and executed by self. By smart contract, applications like DeFi and also Decentralised exchange came into picture and were able to be runed.
Ethereum native Cryptocurrency is popularly called Ether with the short acronym of ETH. It is used to allow participants to validate transactions on the network and serve as compensation to them also. Currently now the network run on Ethereum 2.0. probably soon we might see Ethereum 3.0 coming into the Picture. Over the years, Ethereum has been able to establish itself as a crucial and top in the list of the giant of crypto and thanks to playing a fundamental role in helping to serve as building block of the blockchain ecosystem which allows developers to be carried out their development.
I will like to stop here and in my next series, we will be looking at the remaining three of them which are Binance coin, cardano and Tether.
Check out my Previous Post in the Tron-fan-club Community Below
-Master Your Mind, Master the Market: Understanding Emotional Trading
10% beneficiary to @tron-fan-club
❤️I hope you enjoyed very much by reading my post. Thank you so much for reading till the end❤️
Best Regards By
@mandate
👇 About me 👇
Achievement 1
VOTE @bangla.witness as witness
![witness_vote.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmW8HnxaSZVKBJJ9fRD93ELcrH8wXJ4AMNPhrke3iAj5dX/witness_vote.png)
OR
Thank You
![sagor bordar.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmXo1F2Af479zSJo4g7jdbAnzBdmTmnVcwJtEijHY3i9eP/sagor%20bordar.png)
![tfc banner.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmPhLRiLFaFAtzAnawBZBNHNqKQHZagDWWNQNAwLdHjTXs/tfc%20banner.png)
We're die-hard fan of Tron Blockchain
-Master Your Mind, Master the Market: Understanding Emotional Trading
10% beneficiary to @tron-fan-club
VOTE @bangla.witness as witness
![witness_vote.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmW8HnxaSZVKBJJ9fRD93ELcrH8wXJ4AMNPhrke3iAj5dX/witness_vote.png)
OR
Thank You
![tfc-v.3-.gif](https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmbKwbN4XGJC5D7pohEz2XTW3ooaB1qtEb76N3enkiLWox/tfc-v.3-.gif)
This is my tweet link
https://twitter.com/adenijiadeshin7/status/1789699613936464100?t=1hqlOfbkMyJrjk9f8Vn4Vw&s=19
Let's Look At The Top 5 Cryptocurrencies In The World It was nice to see something shared between us. I look forward to reading the rest later, thanks.