Moving to the next facet of virtual currency world is Classification or Types of Cryptocurrency. There are hundreds of virtual currencies in the market, though describing each one of them in order to their market capitalization and Block Chain network will require plenty of time.
Many researchers and economist stated that the virtual currency is a forthcoming future of currency. Globalization, digitalization, and technical advancement are developing the trend of a new form of investment in the market with numerous benefits over traditional stereotyped investments.
Here, In the article, we will explicate the leaders of virtual currency world.
Bitcoin
It is first widely accepted virtual currency, be a trendsetter it had opened the door of cryptocurrency in the global economic market. Today many well-known companies such as PayPal, Microsoft, Dell, and Newegg accepts bitcoin payments. The value of Bitcoin has gone through many sequels of appreciation and depreciation and had achieved the highest rate of 5000$ on 1st September 2017.
It is first widely accepted virtual currency, be a trendsetter it had opened the door of cryptocurrency in the global economic market. Today many well-known companies such as PayPal, Microsoft, Dell, and Newegg accepts bitcoin payments. The value of Bitcoin has gone through many sequels of appreciation and depreciation and had achieved the highest rate of 5000$ on 1st September 2017.
Ethereum
After the Bitcoin second, most popular currency is Ethereum, launched back in 2015. After the DAO happened in 2016 the faith of investors has been devastated, it still continues to operate due to a strong team of developers and enforcement of smart contracts.
After the Bitcoin second, most popular currency is Ethereum, launched back in 2015. After the DAO happened in 2016 the faith of investors has been devastated, it still continues to operate due to a strong team of developers and enforcement of smart contracts.
Litecoin
Litecoin secured third ranking in the crypto market in terms of acceptance. It has launched in 2011 and uses the same fundamental structure as bitcoin therefore often referred as ‘silver to bitcoin's gold'.
Litecoin secured third ranking in the crypto market in terms of acceptance. It has launched in 2011 and uses the same fundamental structure as bitcoin therefore often referred as ‘silver to bitcoin's gold'.
Ripple
Ripple works on consensus ledger which does not need mining process to be involved, reducing utilization of computing power and network latency. It was released in the year 2012. However, according to researchers Ripple's network and codes are more vulnerable to hackers reducing safety and privacy of users.
Ripple works on consensus ledger which does not need mining process to be involved, reducing utilization of computing power and network latency. It was released in the year 2012. However, according to researchers Ripple's network and codes are more vulnerable to hackers reducing safety and privacy of users.
Money Trade Coin (MTC)
A new age cryptocurrency launched recently on 17th September 2017 in Dubai, UAE under the charge of founder and director Mr. Amit Lakhanpal. Money Trade Coin has many distinct features from other cryptocurrencies such as Highly E-secured wallet, Bio-metric identification, Multi-step verification, AML & KYC norms, 84 million partially pre-mined coins & integration of SWIFT code and messaging system. It is a first cryptocurrency which has international incorporation certificate.
A new age cryptocurrency launched recently on 17th September 2017 in Dubai, UAE under the charge of founder and director Mr. Amit Lakhanpal. Money Trade Coin has many distinct features from other cryptocurrencies such as Highly E-secured wallet, Bio-metric identification, Multi-step verification, AML & KYC norms, 84 million partially pre-mined coins & integration of SWIFT code and messaging system. It is a first cryptocurrency which has international incorporation certificate.
Dogecoin, Dash, Namecoin, Monero, and Z-cash are also key players in the market.
Apart from above-listed cryptocurrencies, there are hundreds of currencies, as the explosive growth of virtual currency world.
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