A cryptocurrency is mainly an asset which is designed by keeping in view the exchange medium in order to secure the transactions as well as the verification of different transferable assets. Cryptocurrency can directly be sent through the public as well as private keys use. Several cryptocurrencies are disrupting various industries which are an interesting fact. This is a great way for you to involve in the risks of life.
There are many cryptocurrencies which can be followed from a technological viewpoint. Bitcoin, Ethereum, Litecoin, Maker, Decentraland and many more are the different types of cryptocurrencies. The market of cryptocurrency grew from approximately $18 billion to $800 billion which is really a huge amount and beyond human thinking.
Before to buy and sell any cryptocurrency, you need to know the investment history as well as the advantages and disadvantages of these cryptocurrencies. Most of the people love to invest in it and they think that it is a big source to spent time and money on this thing. In this article, we will discuss the top 5 cryptocurrencies in the year 2019.
top 5 cryptocurrencies in the year 2019.
Bitcoin is one of the top 5 and first-ever cryptocurrency. It is a big network of blockchain. This main goal of Bitcoin is to create an independent network for all which is verified by all people of the world. Today, it is the top-most currency which people love to use and invest.
The most important thing about this currency is that it eliminates the need for card companies as well as banks. It makes human life easy in a way that if one people want to pay 1 BTC to his relative or friend then he can transfer it directly without taking the help of banks. So, the best words for Bitcoin description is digital and decentralized. The main reason for the Bitcoin being on the top is that it owns the largest community of investors and developers.
Ethereum is also the top cryptocurrency of 2019 which mainly allows the smart-contracts creation. The unknow programs are then saved in the blockchain and everyone can get accessed to it. It is a native cryptocurrency and people love to invest in it.
The most interesting fact about this is that it used all transactions and it is the most common platform for the smart contracts built up. The speed of transaction of Ethereum is just a few seconds and this is an amazing part of this cryptocurrency. The community of Ethereum is solid and hosts several great potential projects.
Litecoin was the creation of 2011 and the most popular and famous cryptocurrency. The most interesting fact about this cryptocurrency is that it was built by keeping in view the blockchain of Bitcoin currency for the improving purpose. The transactions of Litecoin took approximately 2.5 minutes and this is the main reason of calling this currency a “Lite” coin. This is the currency which has a $9.64 billion market capitalization.
Maker is a system with two tokens using MKR as well as DAI. The value of this normally fluctuates according to demand and offer as well as the holders are allowed to vote. It mainly consists of the decentralised stable coin in relation to the governance token.
Bitcoin Cash (BCH)
As the name depicts, Bitcoin Cash has been taken from Bitcoin in the year 2016. When the community of developers of Bitcoin could not come to any decision, then they forked it into Bitcoin Cash and now this currency is ranked in top 5 cryptocurrencies. A fork actually means to split anything into two parts. The main purpose of the creation of Bitcoin Cash was to solve the problems of Bitcoin especially transaction regarding. Bitcoin Cash transactions are even faster than Bitcoin because the block size is increased.
Top 5 cryptocurrencies always perform a vital number of checks in case of trading. Most of the people are running after these cryptocurrencies and enjoy them as trading and investment purposes.
Countless investors of cryptocurrencies did not bother to pay attention to the security of these and thus their crypto journey ends after that. So, it is better to have complete information regarding each currency to keep your life secure and safe.
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