We are living in the modern world and everything is changing in the fraction of times like living style, food, drinks, clothing and even currency. Yes, the currency we all aware of this term like dollars, pounds, rupees, dinar etc. We know these currencies very well as we deal with it. What if I told you in upcoming days these currencies uses drop down to 40% because we live in the digital world and all things here is just a code nothing else.
Digital currency is a thrilling, vibrant and rising technology changing the financial as well as legal landscapes. In 60’s we mostly deal0’s we move forward to banks, cheques etc then in 90’s we start exchanging funds with the mobile app over the internet.
And now we are in 20’s and all the money dealing and laundering is changing into digital money and these digital currencies also called cryptocurrencies.You can buy them and keep them in your mobile wallet.
Digital currency (digital money or electronic money or electronic currency) is a new style of currency that is non-physical, of which no banknotes and coins exist, and which can merely be transmitted via electronic means, typically allowing for instantaneous transactions and borderless transfer of ownership.
Have a look at 5 digital currencies in today’s world:-
BTC is an innovative payment network and a new kind of money also called the first decentralized digital currency. Invented by an unknown group of programmers called Satoshi Nakamoto released in 2009.In 2009 1 bitcoin is equal to 0.0001 USD and now 1 Bitcoin is equal to 4230$ and counting.At present bitcoins are accepted by big firms like Microsoft and Dell.
Market cap of Bitcoin :- $69,303,769,589
2) Ethereum (ETH):–
ETH is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. Launched in a white paper by Vitalik Buterin, a programmer of bitcoin.
Initially, ETH is released in May 2015 .
Current price is $295.70 with total market cap of $27,960,903,836.
3) Ripple(XRP) :-
XRP known as Ripple Transaction Protocol (RTXP) . Originally named Opencoin and then named Ripple. It supports “secure, instant and nearly free global financial transactions of any size with no chargebacks.
On June 13, 2016, Ripple obtained a virtual currency license from the New York State Department of Financial Services, making it the fourth company with a BitLicense.
Current price is $0.218785 with market cap of $8,389,057,446.
4) Bitcoin cash (BCC):-
Launched on 1 August 2017 created via Bitcoin Network. Bitcoin Cash offers lower fees and a more reliable rate of transaction than Bitcoin. Bitcoin cash easily works on common web space and consumer doesn’t need to depend on the third party
Currently price is $532.98 with market cap of $8,833,590,370
5) Litecoin (LTC) :-
Like other digital currencies, Litecoin is securely stored in a wallet on your computer, tablet, phone or laptop. You can send or receive money with just one click with address name.
Ranked 5th in digital currency world with price $66.45 with the market cap of $3,514,224,938.
Hope you like New currency system that hopefully changes your lifestyle soon.
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