General information

What’s a CryptoCurrency?

A cryptocurrency is a digital currency that has a financial value. Unlike fiat currencies (such as USD, Euros and GBP) it has no tangible form. It is based on the principle of direct exchange between the Buyer\Seller without having a centralized entity in between.

What you need to know about the majors:

  • Bitcoin

    The first decentralized cryptocurrency, currently holding the highest value in the market. It was first introduced in 2009 in Japan by a person who calls himself “Satoshi Nakamoto”. It is often referred to as (BTC) or (XBT).

  • Ethereum

    The first decentralized cryptocurrency, currently holding the highest value in the market. It was first introduced in 2009 in Japan by a person who calls himself “Satoshi Nakamoto”. It is often referred to as (BTC) or (XBT).

  • Litecoin

    Litecoin the fifth largest cryptocurrency. Its market capitalization on 1st September 2017 was $3.4 billion. It was released in 2011 and was a fork from Bitcoin, i.e. an offshoot of Bitcoin. Its operation is nearly identical to Bitcoin’s in every way, except it has always had a much faster processing speed, and can currently process transactions at about four times the speed of Bitcoin.

  • Ripple

    The second biggest cryptocurrency, that was released in 2014 for the purpose of supporting and working with traditional banking systems. Often referred to as (XRP).

  • Bitcoin Cash

    Known as (BCH) and is the spin-off of Bitcoin, it is known for its high speed processes.