Cryptocurrency, Meaning types and list

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What is cryptocurrency

Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions.

Cryptocurrency is a digital payment system that does not rely on banks to verify transactions. It is a peer-to-peer program that can anyone anywhere send and receive payments.

Cryptocurrency have its name because it uses encryption to verify transactions. This means that advanced coding is involved in storing and transmitting cryptocurrency data between wallets and public accounts. The purpose of confidentiality is to provide security and safety.

The first cryptocurrency was Bitcoin, which was introduced in 2009 and is still very popular today.

How does cryptocurrency work?

Cryptocurrencies operate on a widely distributed public book called blockchain, a record of all transactions renewed and maintained by investors.

Cryptocurrency units are created by a process called mining, which involves the use of computer power to solve complex mathematical problems that generate coins. Users can also purchase coins from merchants, and then store and use them using cryptographic wallets.

List of cryptocurrencies-

  • Bitcoin
  • Ethereum
  • Binance coin
  • USDC
  • XRP
  • Solana
  • Terra
  • Name coin
  • peer coin
  • doge coin
  • prime coin

Biggest cryptocurrencies with the aid of market capitalisation| Types of cryptocurrencies

Following are the list of cryptocurrencies-

1. Bitcoin (BTC)

price: $42,539
marketplace cap: $807 billion
As the harbinger of the cryptocurrency era, Bitcoin is still the coin humans typically reference when they communicate about digital foreign money.
Its author — Satoshi Nakamoto — launched the foreign money in 2009 and it’s been on a roller-coaster ride since then. However, it wasn’t until 2017 that the cryptocurrency broke into popular consciousness.

2. Ethereum (ETH)

  1. rate: $3,152
  2. market cap: $379 billion

Ethereum — the name for the cryptocurrency platform — is the second one name you’re most probably to recognize inside the crypto area. The device permits you to use ether (the foreign money) to perform a number of functions, but the smart settlement factor of Ethereum enables make it a famous foreign money.

3. Binance Coin

It is now a cryptocurrency that has been launched by Binance (BNB)

The price is $425.21.
market capitalization-$69 billion
It is one of the world’s largest cryptocurrency exchanges.

Binance Coin, which was originally designed to pay for lower transactions, may now be used to

  • make payments and
  • purchase a variety of goods and services.

4. US Dollar Coin (USDC)

Cost: $1.00
market capitalization-$50 billion
USD Coin, like Tether, is a stablecoin tied to the dollar, which means its value will not vary. According to the currency’s creators, the money is supported with fully preserved assets or assets with “equivalent valuation,” which are stored in banks with regulated US institutions.

5. XRP cryptocurrency (XRP)

Cost: $0.7572
market capitalisation-$36 billion
It was previously known as Ripple and was founded in 2012. It can be useful in

  • cross-border transactions
  • trust-less mechanism to facilitate payments.

6. Solana

Cost: $108.73
$36 billion in market capitalization
Solana is now a recent cryptocurrency that advertises the speed in which it completes transactions as well as the overall stability of its “internet” network. It was established in March 2020. The currency’s issue, called as SOL, is limited at half a billion coins.

7. Terra (LUNA)

market capitalisations-$35 billion
Terra is a system which supports backstop a range of cryptoassets based on real currency like the dollar or euro, using its currency Luna. Terra uses a variety of technical methods to help maintain the price of crypto assets, and it also enables smart contracts.

Conclusion –

These above all were cryptocurrencies list.

The cryptocurrency market is Wild West , so those who speculate on these digital assets should not invest more than they can afford.It can be powerful, and crypto assets are very flexible even in one day. individual investors can trade against top-class players, making it a tough experience for beginners. There are more cryptocurrencies list .

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