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Check out the Top cryptocurrencies in the market!

09.21.2019 · Posted in Writing and Speaking

Check out the Top cryptocurrencies in the market!

A cryptocurrency is a virtual currency that is created and managed through the use of advanced calculations and encryption techniques known as cryptography. Cryptocurrency made the huge leap from being just an academic concept to reality with the creation of Bitcoin. Later Bitcoin attracted significant number of investors and media attention by 2013 and peaked at its rate. This made many investors to sept into building a cryptocurrency.

Apart from Bitcoin there are other coins also which rule a part of the cryptocurrency market. The alternate cryptocoins other than Bitcoins are called altcoins. If you wish to create your own cryptocurrency coin you can get help from experts and discuss on which cryptocurrency suits your business. SHAMLA TECH provides innovative and latest technology services for building a cryptocurrency. Now let us see few cryptocurrencies which dominates the crypto trade.

Bitcoin (BTC)

Bitcoin is a decentralized digital currency that uses peer-to-peer technology, which enables all functions such as transaction processing and verification to be carried out collectively by the exchange. The decentralisation in Bitcoin allows no authority like government interference or any middleman to play a role in the trade rather the trade is direct. The value of the Bitcoins changes relatively with the demand as per the universal trade rule. Currently Bitcoins are created at the rate of 25 coins every 10 minutes and are expected to be capped around 21 million by the end of the year 2140.

Litecoin (LTC)

Litecoin was launched in 2011. It is among the pioneer cryptocurrencies following the creation of Bitcoin.  Although Litecoin resembles Bitcoin in many ways; the altcoin has a faster block generation rate and thus offers a quick transaction confirmation. The merchants who accept Litecoin are growing in a very fast pace. As of early 2019, Litecoin had a market cap of 2.63 billion US Dollars and a token value of 43.41 US Dollars.

Ethereum (ETH)

Ethereum is a 2015 launched altcoin. This platform enables Smart Contracts and Distributed Applications (DApps) to be built without any interference of any intermediaries and can run without any downtime eliminating fraudulent activities. As of February 9, 2019, Ethereum had a market cap of 12.49 billion US Dollars.

Ripple (XRP)

2012 launched Ripple offers instant and low-cost international payments. Ripple allows real time international payments with complete transparency and top notch security at very less costs. The unique consensus ledger of Ripple’s is unique that it doesn’t require mining. This characteristic of ripple makes it stand higher than Bitcoin and many other altcoins in cross border trading. As of February 2019, ripple possessed a market cap of 12.69 billion US Dollars and a token value of 0.308 Dollars.

Whatever coin you buy or create, before you put a penny into it or any other cryptocurrency, be sure to safeguard them from any risks. If you create your own cryptocurrency, it could easily double in value over the next few years. So it is a necessity to secure your currencies with crypto wallets which provides a double profit of faster and easy transactions before you create your own cryptocurrency.

Bitcoin continues to lead the world of cryptocurrencies. Still altcoins such as ethereum and ripple are getting more popularity day by day. Creating a new cryptocurrency also pushes forward to pioneer in the new market. But be double sure to get the help of leading cryptocurrencies development service providers like SHAMLA TECH. The company provides cutting edge services from expert developers at affordable prices for creating a new cryptocurrency.

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