7 cryptocurrency bitcoins, Ethereum etc. Meaning, Facts

7 cryptocurrency bitcoins

  1. Bitcoin
    Bitcoin is a cryptocurrency and worldwide payment system invented by Satoshi Nakamoto. It was first released as open-source software in 2009 and since then its value has increased significantly, making it the world’s first digital currency to become a global payments system.
  2. Ethereum
    Ethereum is a decentralized platform that runs smart contracts and applications (dapps). A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract, or to record the terms of the negotiation or execution of the contract. In order to use the Ethereum platform, developers create smart contracts that run on top of the blockchain network and users interact with these smart contracts using a web browser.
  3. Ripple
    Ripple is a distributed financial technology that enables free transactions between two parties at any time. It is also known as OpenCoin. Ripple is a peer-to-peer Internet protocol that can be used to exchange money, goods, or services directly between individuals without going through banks.
  4. Litecoin
    Litecoin is a peer-to peer cryptocurrency project developed by Charlie Lee. It was released in 2011 and works on the Scrypt algorithm. It uses proof of work verification instead of proof of stake, which makes it different from other cryptocurrencies.
  5. Dash
    Dash is a privacy centric cryptocurrency that focuses on user privacy and speed. It is among the fastest cryptos out there. Its privacy features make it ideal for illegal activities, such as sending money to people involved in drug trade, ransomware, and child pornography.
  6. Monero
    Monero is a secure, private, untraceable cryptocurrency. It uses ring signatures to hide the sender and recipient of funds. Monero can be used to send money anonymously across the internet without having to pay transaction fees.
  7. Zcash
    Zcash is a decentralized, open-source cryptocurrency that uses zero knowledge proofs to protect the sender’s identity. It is not possible to tell who owns the coins or how many coins were sent without accessing the sender’s private keys or performing expensive computations.

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