Cryptocurrency is a type of digital currency. Day by day cryptocurrency has become popular in different countries of the world including Bangladesh and India.
However, those who have little idea about cryptocurrency can be easily cheated. Customers willing to invest can be confused and have trouble making decisions. That's why you need to know about cryptocurrency.
Learn about the 10 most popular cryptocurrencies:
1. Bitcoin
Bitcoin is the most popular cryptocurrency. However, like most cryptocurrencies, Bitcoin is used on Blockchain. Bitcoin is the safest and most secure alternative to hacking. Five years ago a bitcoin cost 500. At present it has increased to 45 thousand US dollars.
2. Etherium
Cryptocurrency transactions are done through blockchain. Just like that is another cryptocurrency Etherium. It has also increased from 11 USD to 3,000 USD in five years.
3. Binary Coins
Binary Coins have taken a position among the cryptocurrencies in the international market. Binary Coins can be used for trading and travel bookings. There are also opportunities to use Binary Coins in trades or exchanges such as Bitcoin.
4. Cardano
Like other cryptocurrencies, Cardano is positioning itself on digital platforms. Currently, the most talked about is the Cardano cryptocurrency. It validates the transaction through a sophisticated proof-of-stack process. By the end of August 2021, its market cap was 69 billion.
5. Tether
Tether's blockchain network is gaining popularity day by day due to security. Tether is a stable coin with an M-cap of 64 billion. Tether is more stable and reliable than other cryptocurrencies.
6. XRP
Digital technology company Ripple Construction Team has created XRP. It is basically a variety of currencies; For example, Fiat currency is among them. The cryptocurrency also acts as a network to facilitate other major cryptocurrency exchange processes. At the end of August 2021, XRP's market cap reached 52 billion.
7. Dodgecoin
Although started as a mere joke, Dodgecoin has now become a cryptocurrency worth more than 40 billion. Interestingly, in 2016, Dodgecoin was valued at ০০ 0.0002 and now stands at ৩ 0.31. In other words, the price has increased by 1 lakh 54 thousand 900 percent in the last five years!
8. Polcadot
Polcadot came on the market in 2020. In just one year, the price has risen from 2.93 to 25.61. In other words, the price has increased by 74 percent in one jump! Polkdot's USP is to create a cryptocurrency network that will connect different blockchains so that they can work together. At present, its M-cap is more than 25 billion US dollars.
9. USD coins
The USD coin is a type of stable coin with a market value of 23 billion and is growing. It manages Ethereum and can be used for any global transaction.
10. Solana
Solana's M-Cap is worth more than ২০ 20 billion and is still making headlines for its unique hybrid proof-of-steak and proof-of-history mechanism. Solana's hybrid proof-of-steak and proof-of-history mechanisms help to complete all transactions quickly and securely. Like Polkadot, Solana is expected to hit the market in 2020. It was then priced at 0.77 USD and now stands at 73.19 USD up 9,405 percent.
The cryptocurrency was invented in 2006 by Satoshi Nakamoto, a Japanese citizen, and a group of software scientists. The market for this virtual currency in the current world is equivalent to two trillion US dollars.
The smart contracts that cryptocurrency networks use for large-scale currency token transactions from one blockchain to another require adequate supply of digital currency so that customers can exchange tokens as they see fit.
