Cryptocurrency on the move

What is Cryptocurrency? And Here's whats you need to know.

The emergence Bitcoin since 2009, Cryptocurrency became the center of attraction in all media mainstream or network and making headlines as the digital money known as cryptocurrency swells the market into hundreds of billions of dollars.

What is Cryptocurrency

Cryptocurrency is a digital form of payment that can be exchanged online for goods and services. A lot of companies around the globe have issued their own cryptocurrencies, often called tokens or coins, and these can be traded specifically for the goods or services that the company provides. Think of it as you would arcade tokens or casino chips. All You’ll need to do is exchange real currency for the cryptocurrency to access the goods or services.

Cryptocurrencies works using a technology called blockchain. A Blockchain is a decentralized technology spread across many computers that manages and records transactions also known as a public ledger.

Top 10 Biggest Cryptocurrency

More than 6,700 different cryptocurrencies are traded publicly, according to Coindesk, a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.

Top 10 Cryptocurrency

1. Bitcoin (BTC)-Launched in 2009, Bitcoin is the first widely-adopted cryptocurrency. Bitcoin was developed to create a secure and trusted network that makes peer-to-peer financial transactions possible. Market Capital $1,099,850,907,662.

The Bitcoin network is globally distributed and decentralized. Bitcoin's ledger is constantly updated by a mining process that verifies transactions and creates new coins.

2. Ethereum (ETH)-Launched in 2015, Ethereum is a blockchain designed to support the building of decentralized applications. Individual units of Ethereum's cryptocurrency are called ether. Market capital $210,997,524,200.

3. XRP Ripple is the name of the company founded in 2012 and that has created whats is known as the Ripple protocol, as well as the XRP token.

Ripple's goal is to create a global enterprise-scale blockchain solution for handling payments across borders with no charge backs. This type of service is designed primarily for banks payment providers, and other financial institutions. Market Capital $25,199,871,144.

4. Stellar (XLM) Launched i 2014 by the nonprofit Stellar Development Foundation, the Stellar network is designed to create financial infrastructure for developing economies by enabling low-cost transactions.

Units of Stellar, called lumens, enable micro-transactions and allow different financial platforms to become compatible. Market capital $9,076,852,898.

5.Tether (USDT) Tether or USDT is a dollar-backed stable coin. Tether maintains a large treasury that is verified by outside auditors to back up each tether token with $1. Market capital $40,750,351,007.

6. Cardano (ADA) Cardano is alyerd blockchain that is designed to bridge the gap between emerging cryptocurrencies and traditional financial infrastructure.

Cardano's layered architechture allows for quick customization, upgrades and scaling. Individual units of Cardano's cryptocurrency are called ADA. Market Capital $38,043,463,120.

7. Chainlink (LINK) is a decentralized oracle network which aims to connect smart contracts with data from the real world. Market Capital $11,422,900,350.

8. Litecoin (LTC) Litecoin was launched in 2011 as a faster and cheaper alternative to Bitcoin. Litecoin is a fork, or modification, of Bitcoin's network, and it is more cost-effective than Bitcoin to use for everyday transactions. Market Capital $12,966,721,293.

9. Bitcoin Cash (BCH) created as a hard fork of Bitcoin in August 2017, Bitcoin cash is designed to increase block size ( which increases the number of transactions that can be processed while reducing associated fees) to encourage its use as a form of digital cash-like payment. The hard fork continues to be controversial within Bitcoin's development community. Market capital $9,824,938,323.

10. USD Coin (USDC) USD coin is an ERC-20 stable coin backed by US Dollars, which are held in reserve by regulated financial institution. The tokens themselves are also issued by regulated financial institutions and every token can be redeemed for one dollar - effectively providing a price stable cryptocurrency. Market Capital $10,684,041,669.