Increasing Digital Currency In addition to Bitcoin.

Increasing Digital Currency In addition to Bitcoin.

Not everyone knows that Bitcoin is not the only crypto alias digital currency available. Investments in other crypto are also plural done today.

The rivalry between the United States and North Korea that mention nuclear weapons in the media, apparently has an impact on the surge in Bitcoin exchange rates.

Last weekend, the price of one Bitcoin closed equivalent to US $ 4,224 or approximately Rp56 million. At the beginning of this week, he even touched the number 4100 US dollars or equivalent Rp58 million. Investors in financial markets prefer to invest in challenging crypto alias digital currencies like Bitcoin, rather than investing in safe havens such as gold or US government bonds.

Bitcoin, with market capitalization (marketcap) worth 71.5 billion US dollars or equivalent to Rp954 trillion (as of August 15, 2017), is the largest crypto in the world to date. He is known as the "father" of all crypto, as it comes as the first decentralized digital currency. But, not everyone knows that Bitcoin is not the only crypto that exists. At least, from what CoinMarketcap notes, a crypto stock exchange site, there are 848 other cryptoes including Bitcoin itself.

Bitcoin first came in 2009. Two years later, Litecoin was present as a competitor. In March 2015, hundreds of crypto followed. They come with their respective advantages, especially in security breakthroughs.

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Bitcoin is well known as the first crypt to introduce blockchain technology, allowing the growing digital currency investment. Basically, Bitcoin is electronic money that is transferred over the internet. It is distributed without the need to go through any intermediary including the bank, directly from one person to another, so the transaction costs become much cheaper. Transfer time is also relatively shorter than the bank.

It can even be accessed on a mobile phone or personal computer via an electronic wallet. With digital money, we can also buy anything. Its use is as easy as sending email. The security of the process is monitored and protected by a number of individuals called miners. They are also the ones who verify every transaction which is then recorded in the internet cash book, meaning it can be seen by everyone.

This technology is then followed by other digital currencies, but added a distinctive breakthrough respectively. Litecoin, for example, was present in October 2011 as the first digital currency with a scrypt security system-which forms a Key Derivation Function (KDF) keyword system. Litecoin tightens the user's password security. They believe, similar to banking, security will affect the confidence of potential investors.

Now, Litecoin is always in the top 10 crypto with the highest market capitalization value. Until earlier this week, the value reached Rp30.5 trillion. But the exchange rate is still classified as low, 1 LTC equivalent to about Rp528 thousand.

In addition to Bitcoin and Litecoin that comes first, Ethereum is one of the crypto on the rise. In the first half of this year, the value of market capitalization rose despite unstable. When judging from the first exit in 2015, the Ethherum-ethere value-up to 2,300 percent. Putting it as the second most commonly used and most valuable cryptto after Bitcoin. CoinMarketcap noted that its market capitalization value reached Rp374.1 trillion.

Compared to Bitcoin, Ethereum growth is relatively slow. Telegraph noted, in the first 18 months exchange rate of 1 ETH is only equivalent about 10 US dollars. New in March then rose slowly, and peaked with a value equivalent to 395 US dollars in June. Although again fell to 155 US dollars a month later in July. In early August, he again climbed at the number 298 US dollars.

However, compared to Bitcoin, Ethereum's increased demand is higher in recent weeks. Especially in the area of ​​South Korea. According to CoinMarketcap, 40 percent of enthereum trade is paired with won, South Korean currency. This is of course due to its geographical location close to US and North Korean rivals. However, the increase has not managed to catapult Ethereum's value to its peak again.

Among the top ten cryptoes with the highest market capitalization values, only two of them recorded steady increases. In addition to Bitcoin, IOTA, the first crypto to offer free transactions. Compared to Bitcoin, the percentage increase of IOTA is actually four times higher. He entered the top five crypto list with the highest market capitalization price, worth Rp36, 4 trillion.

editor:@abunajwa
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