The Most Popular Cryptocurrencies On The Market Today

With the internet becoming combined with more areas of our life all the time, it should come as no surprise that cryptocurrencies are on the rise. A number of individuals have chosen to invest vast amounts of money into the cash type, but is this the right choice? Here is everything you should know about the most popular cryptocurrencies in the market today:

Bitcoin

This is considered by most to be the original crypto, having launched in 2009. Bitcoin was originally born out of the idea of needing an alternative to a centralised monetary system (traditional money). This is a currency that is directly influenced by a country, organisation, bank or other entity. Bitcoin also had a big impact on its own inflation by fixing the amount of BTCs that will ever exist. This is by far still the most popular cryptocurrency used today. 

Ethereum

This currency is actually called Ether, while the blockchain platform it is built on is known as Ethereum. The blockchain used can also be considered a list of rules from which several applications can be created. While Bitcoin was originally dubbed an alternative to traditional currency, Ethereum is seen as a means through which to pay for the Ethereum platform. This is called a ‘utility’ cryptocurrency. 

Litecoin

This virtual money type is seen as a real competitor to Bitcoin due to the fact that it works on a very similar but improved transaction process. The benefit of this is that it delivers significantly better transaction times, on the same P2P network, when compared to Bitcoin. This, in theory anyway, should mean that it is a more attractive option for merchants. But for now, bitcoin still remains the default choice by most. Adoption of Litecoin to the levels of BTC will take time. 

Chainlink

Chainlink is a cryptocurrency built on the oracle network, which makes it more capable than traditional blockchains, cryptocurrencies like Litecoin or Bitcoin. This is because blockchains do not have the ability to connect to outside applications in a safe manner. The oracles network allows blockchains to communicate with data outside of a network so that contacts themselves can be based on data not in a network. This could allow for deep level smart integration with cities and other mass systems in the future. 

If you have been wanting to learn about cryptocurrency for a while hopefully, this has helped. Digital currency is a new exciting way of investing and controlling wealth. It provides an alternative to real money and its many affiliations to business and the national state. If things progress as they have been for the last decade or so we could all be earning cryptocurrency at work sometime soon.