INTRODUCTION TO THE 5 MOST IMPORTANT CRYPTOCURRENCIES

in #crypto7 years ago (edited)

At present, cryptocurrencies have become for many people a popular and popular investment option. The main purpose of this new technology is to allow the public to buy, operate and invest without the need to go through a bank or other financial institution. Cryptocurrency is very volatile and can be profitable in the portfolio of any operator.
The cryptocurrencies are not physical currencies, they are electronic, a digital asset that remains as data. The technology behind electronic currencies controls a large part of its value, which it maintains with the new technology in a safe way when it comes to identifying and transferring capital. The first digital currency that was introduced was the Bitcoin and still today remains the standard with which the rest of the currencies are compared.
EL BITCOIN is already used for the purchase of products in many companies. Its value has increased exponentially in recent years to exceed $ 7500. It is very important to mention that there is a total limit of 21 million Bitcoin and then no more can be manufactured.
ETHEREUM is the system that controls the ether currency. It is considered one of the most important alternatives to Bitcoin. It is characterized by having one of the currencies with the highest transaction speed and is easier to get than Bitcoin. This currency has no limit and includes the concept of intelligent contracts, without any type of intermediaries.
LITECOIN works very similar to Bitcoin, so many consider it their little brother. The simple use makes it perfect for people who have less experience in the world of cryptocurrencies. You can create 84 million of this cryptocurrency.
RIPPLE is the cryptocurrency used by banks, due to the advantages of skipping all kinds of government controls to do all their operations. Its main objective is to create a decentralized system so that financial institutions can access external financing.
DOGECOIN has been consecrated as the cryptocurrency that performs the most transactions every day, although its price is very low. The transactions of this cryptocurrency are very fast, although it is not used to make transactions, but it is used a lot to give rewards in the network.

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Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
BTCBitcoin8126.800$0.25%20.24%
DOGEDogecoin0.005$2.44%66.43%
ETHEthereum516.238$0.49%29.68%
LTCLitecoin136.133$6.48%19.62%
XRPRipple0.675$2.14%38.92%