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