Everything is going digital these days. We nowadays do not carry cash with us as we are afraid that there
must be a better alternative to cash. Indeed there is in the form of credit cards, debit cards, and digital
wallets. In terms of getting food, we no longer have to make food ourselves or even call someone to
order it. With the press of a button, we are able to get the food of our choice not only for us but also for
our loved ones. For everyone having to have to communicate over long distances with other people,
gone are the days that we used to use a typewriter. We go ahead and nowadays instant messages are
sent to people all around the globe at our will and the message reaches them within seconds. It goes
without saying that for that to happen, it is important for all of us to make sure that we have good
internet the likes of those provided to subscribers of Xfinity Internet.
Another thing that is going digital these days is currency. Until the recent downward trend in crypto
prices, crypto was experiencing a large upward trend. And the crypto market can be said to show that
upward trend again.
There are now hundreds of different cryptocurrencies available, but some are more famous than others.
In this blog post, we will take a look at the 11 most famous cryptocurrencies in the world. We will
describe what each currency is, how it works, and why it is so popular.
Ethereum (ETH) is one of the most popular cryptocurrencies in the world. It was launched in 2015 and
has a market capitalization of over $100 billion. Ethereum is a decentralized platform that runs smart
contracts. These contracts can be used to create decentralized applications (dApps). Ethereum is also
used as a currency, and it can be traded on exchanges like any other cryptocurrency.
Litecoin (LTC) is another popular cryptocurrency. It was created in 2011 as a fork of the Bitcoin
blockchain. Litecoin has a faster transaction speed than Bitcoin and uses a different mining algorithm. It
is often seen as a more efficient alternative to Bitcoin.
Cardano (ADA) is a relatively new cryptocurrency that was launched in 2017. It is similar to Ethereum in
that it is a platform for smart contracts and dApps. However, Cardano claims to be more scalable and
efficient than Ethereum.
Polkadot (DOT) is another blockchain protocol that claims to be more scalable than Ethereum. Polkadot
was launched in 2016 and has a market capitalization of over $13 billion.
Bitcoin Cash (BCH) is a fork of the Bitcoin blockchain that was created in 2017. BCH has increased the
block size limit from Bitcoin, allowing for faster transaction times. It also uses a different mining
algorithm than Bitcoin.
Stellar (XLM) is a decentralized protocol that allows for fast and cheap payments. Stellar was founded in
2014 and has a market capitalization of over $13 billion.
Chainlink is a decentralized oracle network that allows smart contracts to access real-world data.
Chainlink was founded in 2014 and has a market capitalization of over $13 billion.
Binance Coin (BNB) is the native token of the Binance cryptocurrency exchange. BNB can be used to pay
fees on the Binance exchange, and it also gives holders a discount on fees. Binance Coin was launched in
2017 and has a market capitalization of over $60 billion.
Tether (USDT) is a stable coin that is pegged to the US Dollar. Tether was launched in 2014 and has a
market capitalization of over $60 billion.
Monero (XMR) is a privacy-focused cryptocurrency that was launched in 2014. Monero uses a technique
called ring signatures to obfuscate the sender of a transaction. It also uses stealth addresses to hide the
recipient’s address. Monero has a market capitalization of over $13 billion.
Conclusion
These are just some of the most famous cryptocurrencies in the world. Cryptocurrencies are becoming
more and more popular, and their popularity is only likely to increase in the future. Who knows what
new and exciting cryptocurrencies will be created in the years to come? We will have to wait and see!
Thanks for reading!
