Cryptocurrency or virtual currency is an invention on the internet. Basically, someone out there thinks, "What if we can create a system where money is not bound by geographic location, like the internet" and see now we have over 3000 virtual currencies Best Virtual Currency
Not all virtual currencies are created for the same purpose. Some amazing features such as blockchain technology underlie the makers to make the virtual currency. Some were also created "just because" or as a joke. But basically if the currency wants to be valuable then it must be used by the people, in this case the currency must be accepted by many people.
Like any other asset (stock or property), the price of this money can go up and down quickly so that we can invest to make profits but can also be risky. Here is a list of 10 best virtual currencies and why they become famous or used for what they are.
That provides sequence cryptocurrencies information by developer activity, community and liquidity. All of these numbers are accurate by mid-August 2017
Bitcoin is the first virtual currency and that started everything, the currency was released in 2009 by its maker Sathosi Nakamoto. Bitcoin currently has the largest market capitalization to date at around $ 10 billion.
Most people usually before using another they first use bitcoin because bitcoin has a great reputation, all other digital currencies are referred to as 'altcoins' (alternative coins because they are alternatives to Bitcoin).
Bitcoin is known for being the first, the easiest to get, and the widest acceptance.
Ether is the digital currency for Ethereum, a decentralized platform that can execute peer-to-peer. Until September 2016 Ethereum is split into 2 Ethereum (ETH) and Ethereum Klasik (ETC).
Ether was created by Vitalik Buterin and launched in mid 201, the platform is marketed as "next generation cryptocurrency and decentralized application platform" and has a market capitalization of $ 1.1 billion.
Ethereum is known for its ability to make payments by Peer-to-peer without the use of third parties.
Known for smart boxes, the first alternative is Bitcoin, Vitalik Buterin.
Litecoin was released in October 2011 by a former Google employee named Charles Lee as an alternative to Bitcoin. Like bitcoin, litecoin can also be mined, used as currency and transacted for goods and services. Currently it has a market capitalization of approximately $ 180 million, away from the peak of $ 1.2 billion in 2013.
Bitcoin is often misinterpreted as an 'anonymous' currency. But Monero is a virtual currency that focuses more on privacy, so monero is more secure and untraceable.
It is in a quarter position with $ 138 million in the market, Monero is widely used by individuals who want to remain anonymous on the web.
Known for being a privacy currency
Next on the fifth sequence there is the name Ripple which is a virtual currency that is often used in currency exchange and money transfer networks. Released in 2012 and with a current market capitalization of $ 243 million, the Ripple system has been integrated into multiple banks and payment networks to reduce costs.
Known for its strong focus on the banking market, real-time completion.
Dogecoin was originally created as a 'joke currency' but yet it became famous. The currency that uses the dog's meme logo named 'Doge' was released in December 2013 by its maker Billy Markus where it is now often used for user tips on forums.
These currencies are also often sent as donations in fundraising efforts (eg, Doge4Water fundraising campaign). Dogecoin is now worth about $ 25 million dollars.
Known as a 'joke currency', it is used for tips and donations
Dash is cryptocurrency with a strong focus on privacy (using anonymization technology) and speed (transaction) ..
It is ranked eighth in the list and has a market capitalization of $ 77 million while deploying Dash Evolution, an attempt to make cryptocurrency more user-friendly. You can spend Dash in the merchant who receives it.
Known for being anonymous and fast-paced process
MaidSafeCoin (also known as Safecoin) is the virtual currency for the SAFE network, which is a data-centric security platform. A number of decentralized applications now use the SAFE network to store data securely. The market cap for MaidSafeCoin is about $ 39 million.
Known for being a data-centric security platform.
As such, the currency has a practical application value and can be used to create different types of 'dapps', including social media platforms, e-commerce stores, and more. It currently has a market capitalization of about $ 25 million.
Known for being useful for programmers to create their own 'dapps', the first to utilize sidechains.
Storjcoin X was released in July 2014. In essence, Storj decentralized, open-source and encrypted cloud data storage using Storjcoin tokens to gain access and use within the Storj network. In mid-September had a capitalization of $ 8 million.