STONE CURRENCY TO MOST DIGITAL CURRENCIES

in #blockchain2 years ago

Currency
The fact or quality of being generally accepted or in use. This may be standard of money or any other thing for the process of exchange.it is common over specific area of specific time. If we will talk about the currency by holding single element which is money the currency is divided into three monetary system. Fiat money, commodity money and representative money depending upon what currency value assure the economy at large vs govt. reserve metal. However some of currencies serve as a legal tender by certain authorities or for certain work. These currencies are used to pay dues like fee, taxes and other bills. Specific about money in era we also deal with digital currency as in the popularity in technology.
Table of currency distribution

Currency distribution of global foreign exchange market turnover
Rank Currency ISO 4217
code Symbol Proportion of
daily volume,
April 2019
1  United States dollar
USD US$ 88.3%
2  Euro
EUR € 32.3%
3  Japanese yen
JPY 円 / ¥ 16.8%
4  Sterling
GBP £ 12.8%
5  Australian dollar
AUD A$ 6.8%
6  Canadian dollar
CAD C$ 5.0%
7  Swiss franc
CHF CHF 5.0%
8  Renminbi
CNY 元 / ¥ 4.3%
9  Hong Kong dollar
HKD HK$ 3.5%
10  New Zealand dollar
NZD NZ$ 2.1%
11  Swedish krona
SEK kr 2.0%
12 South Korean won
KRW ₩ 2.0%
13  Singapore dollar
SGD S$ 1.8%
14 Norwegian krone
NOK kr 1.8%
15  Mexican peso
MXN $ 1.7%
16 Indian rupee
INR ₹ 1.7%
17  Russian ruble
RUB ₽ 1.1%
18 South African rand
ZAR R 1.1%
19  Turkish lira
TRY ₺ 1.1%
20 Brazilian real
BRL R$ 1.1%
21 New Taiwan dollar
TWD NT$ 0.9%
22 Danish krone
DKK kr 0.6%
23 Polish zloty
PLN zł 0.6%
24 Thai baht
THB ฿ 0.5%
25 Indonesian rupiah
IDR Rp 0.4%
26 Hungarian forint
HUF Ft 0.4%
27 Czech koruna
CZK Kč 0.4%
28 Israeli new shekel
ILS ₪ 0.3%
29 Chilean peso
CLP CLP$ 0.3%
30 Philippine peso
PHP ₱ 0.3%
31 UAE dirham
AED د.إ 0.2%
32 Colombian peso
COP COL$ 0.2%
33 Saudi riyal
SAR ﷼ 0.2%
34 Malaysian ringgit
MYR RM 0.1%
35 Romanian leu
RON L 0.1%
… Rest 2.2%
Total 200.0%

Modern currencies
The currency used is rested on the generality of lex monetae; that an independent state decides which currency it shall use. The International Organization for Standardization has introduced a system of three- letter canons (ISO 4217) to denote currency (as opposed to simple names or currency signs), in order to remove the confusion arising because there are dozens of currencies called the bone and several called the franc. Indeed the" pound" is used in nearly a dozen different countries; ultimate of these are tied to the pound sterling, while the remainder has varying values. In general, the three- letter law uses the ISO 3166- 1 country law for the first two letters and the first letter of the name of the currency (D for bone, for illustration) as the third letter. United States currency, for case, is encyclopedically appertained to as USD. Currencies analogous as the pound sterling have different canons, as the first two letters denote not the exact country name but an necessary name also used to describe the country. The pound's law is GBP where GB denotes Great in rather of the United Kingdom.
Cryptocurrency
A cryptocurrency is set of digital asset based on blockchain network interlink to number of computers. Today almost 12000 cryptocurrencies are in market who dealing is handling in blockchain network. The hardly growth occurred in 2021-2022 almost 1000 new cryptocurrencies are enrolled in digital market. Many have the aim of just earning money and money of them are trading. It is hardly for beginner to find good one for the use or trading or some other purpose. Here is the list of some cryptocurrencies widely and have good effect on market.
COIN (CRYPTO) TOTAL MARKET VALUE*
Bitcoin (BTC) $749 billion
Ethereum (ETH) $313 billion
Tether (USDT) $79.5 billion
Binance Coin (BNB) $62.6 billion
USD Coin (USDC) $53.2 billion
XRP (XRO $34.4 billion
Terra (LUNA) $32.9 billion
Slana (SOL) $28.5 billion
Cardano (ADA) $28.4 billion
Avalanche (AVAX) $20.6 billion

Bitcoin (BTC)
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It was lunched in 2009. It is a digital currency use blockchain network in which a record of transactions is maintained and new units of currency are generated by the computational solution of mathematical problems, and which operates independently of a central ban
Ethereum (ETH)
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It was introduced in 2013. Ethereum is a regionalized open-source blockchain system that structures its own cryptocurrency, Ether. ETH works as a platform for frequent other cryptocurrencies, as well as for the implementation of regionalized smart indentures.
Tether (USDT)
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It was launched in 2014 .It is stable coin digital currency used by the investor who wants to avoid typical crypto while they have funds in their hand
Binance coin
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It was launched in 2017. It is digital crypto expressed by binance exchange and trades, highly used crypto exchange.
USD coin

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It was launched in 2018. It is also a stable coin.
Except these number of other coin are present in digital market of cryptocurrency and these are Cardano,XRP,DOT,DOGE,DAI,MATIC,SHIB,UNI,TRX,WBTC and numbers of other are still marketing on digital world
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these are most valuable types of crypo.

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