The Crypto Currency is a technological digital or virtual currency designed to work as a medium of exchange. This technological currency uses cryptography to safe& verify transactions as all right to control the making of new units of a specific Crypto Currency.Essentially, the Crypto Currencies are limited entries in a database that no one can change but specific conditions are fulfilled.
The History of Crypto Currency
During the boom in the tech of the 90’s, there were many attempts to create digital currency, systems like DGCash emerged in the market but inevitably failed.There were also various reasons for their failures, such as fraud, financial distress and even discrepancies between employees of companies and their owners.
This is very important thing to examine the history of anything that has the potential to shake up the world. The Crypto Currency certainly has that ability, which is really quite impressive for an innovation that is barely ten to Twelve years old.
Top 10 Crypto Currency
There are many Crypto Currencies are there. It is a very biggest thing. There are About 5,392 Crypto Currencies being traded with a total market capitalisation of $201bn (as of April 22, 2020).
Tins is a starting point, here are the few facts about the top 10 Crypto Currencies & some latest news for each one.
- Top 10 cryptocurrencies
- Bitcoin (BTC) $203bn
- Ethereum (ETH) $32bn
- XRP (XRP) $16bn
- Litecoin (LTC) $7bn
- Bitcoin Cash (BCH) $7bn
- EOS (EOS) $5bn
- Binance Coin (BNB) $4bn
- Tether (USDT) $3bn
- Bitcoin SV (BSV) $3bn
- Tron (TRX) $2.3bn
The domain name of bitcoin was published In August 2008. An article on “Bitcoin” was released on October 31, 2008. The Peer-to-Peer Electronic Cash System”. This was authored by Nakamoto, the founder of Bitcoin. To information , no one knows who this person, or people, are.
This paper sketches a method of using a peer-to-peer digital & electronica network for electronic transactions without “relying on trust”. The bitcoin system came into existing on January 3rd 2009. The Nakamotointelligence block the number of “0” (or the “genesis block”), which had a reward of 60 bitcoins.
On July 30th 2015, the Ethereum was published by VitalikButerin. He was a big researcher and programmer working on Bitcoin Magazine, & he initially wrote a white paper in 2013 describing Ethereum. The Buterin had proposed that Bitcoin needed a scripting language. He was decided to develop a new program & platform with a more general scripting language when he couldn’t get buy-in to his proposal.
The development was establish by an online crowd sale between July & August 2014. The organization went live with 11.9 million coins already mined for the biggest sale (about 13% of the total supply in circulation). Following the collapse of The DAO idea in 2016, Ethereum was break into two blockchains. The new type became Ethereum& the original block-chain continues as Ethereum Classic.
The Ripple is a real-time gross settlement system developed by a Ripple company. This is also referred to as the Ripple Transaction Protocol &Ripple protocol.It can trace its roots to 2004 when a web developer is called Ryan Fugger had the project to create a monetary system that was decentralised& could effectively allow individuals to create their own money.
The EOS.IO policy was developed by personal company block.one & published as open-source software on June 2nd 2018. One billions tokens were distributed on the Ethereum block-chain by block.one. The EOS is based on a blanck paper published in 2017.
The LiteCoin is a part of Crypto Currency. Litecoin was released in October 2011 by Charlie Lee, a former Google workers. It was a fork of BitCoin with the main difference being a lower block generation time, increased normal number of coins & a different script-based algorithm.& We also called it technological,digital & electronical currency.
The Tether currency was issued on the Bitcoin block-chain. We also called it digital & electronical currency. In his own words, “the teacher converts cash into a technology currency, the anchor or ‘teacher’ converts the value of a coin into the value of national currencies.”. So, the price is meant to mirror that of the US dollar & each unit of Tether is backed by $1 held in reserve.
The TRON agreement is pitched as “one of the biggest blockchain-based operating systems in the world, offering scalable, high availability & high throughput support that underlies all thedecentralisedrequest in the TRON ecosystem”.
An ICO campaign took location in September 2017 and raised US$70 million. This coin is called the TRONix (TRX).
- stellar Lumens
Stellar was released in 2014 by Jed McCaleb& Joyce Kim. At released it was based on the Ripple protocol but the network eventually forked. Stellar is an open source protocol for exchanging money where servers use the internet network to connect to & communicate with other Stellar servers, forming a global price exchange network.
- What Is Binance Coin
This coin binance is denoted by BNB, is a native coin of the Binance cryptocurrency exchange that has been built on Ethereumblockchain using the ERC20 token standard. We can also called it technological electrical and digital currency. This coin Binance will issue a at most of 200 million BNB tokens. Its primary dream is to fuel the exchange operations while providing convenience and affordability to the traders & Crypto Currency enthusiasts.
This coinbinance was released in July 2017, through an Initial Coin Offering which put 20 million BNB tokens up for grabs for angel investors, 80 million for the idea contributors & remaining 100 million for several communities who take parts in the ICO. The collections raised by selling BNB symbol were used for exchange development, tranding, & marketing. A percentage of the investment was also spent on adding necessary improve to the coin Binance Crypto Currency exchange.
Benefits of Binance Coin
- Quick Transactions
- Secure & Trustworthy
- Trade Multiple Cryptocurrencies
- Trading Discount
- Spend Binance Coin
- Participate in ICOs/IEOs
Note: You Should respect your Country Law and can take trade on crypto if its legal on your country