Despite the fact that Ethereum and Bitcoin have nearly dominated the headlines with regards to cryptocurrency investment, still there are roughly 1500 crypto-assets that are in circulation. And believe it or not, this figure keeps piling up as the day passes by.
With the immense popularity that it has today, using these digital currencies to buy and sell goods and services have become possible.
So don’t be surprised if you can use it for paying mortgage on lainaa netistä or when shopping products over the web.
Every cryptocurrency has a minute difference in its function and make-up. This is exactly what we are going to know in this article.
Bitcoin
This has become a household name for cryptocurrency. At the moment, there are more than 16.8 million tokens that are in circulation against the current capped limit of 21 million. Its market capitalization significantly varies on a day to day basis but it hits a record high of over 200 billion dollars.
Bitcoin cash
This was first launched in the summer of 2017 which was an offshoot of original Bitcoin. Yet, it was able to climb the sky and become among the hottest and most traded cryptocurrency in the market.
Litecoin
This is otherwise known as little brother of Bitcoin. Litecoin has a strong resemblance with its older sibling. However, this has faster transactional speed and at the same time, with a higher token limit of 84 million. The mining process on the other hand is memory intensive and the market cap is about 1/20th the size of Bitcoin.
Dogecoin
You can easily recognize the image of this cryptocurrency from the dog Shiba Inu which was derived from the “Doge” meme on the internet. It was introduced initially as a parody but it was so hot that it had its own community. At the beginning of 2018, Dogecoin has a market capitalization of 2 billion dollars.
Ethereum
This cryptocurrency has been labeled as a decentralized app provider. It was developed originally as “world computer” super network with the goal of eliminating third-party companies in app creation.
Applications that are made on Ethereum are on distributed public platform wherein miners can get “ether” that fuels the network.
