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.
Ø 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.
Ø 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.
Ø 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.
Ø 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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