Cryptocurrency Write for Us
Cryptocurrency (or “crypto”) is digital currency used as an alternative payment method. Cryptocurrencies get their name from cryptographic technique that let people spend them securely without need for central government or bank.
For example, Bitcoin was develop primarily to be form of payment that isn’t control or distributed by central bank. However, cryptocurrencies like Bitcoin have also become proven investment with volatile prices, leading to boom and bust periods for traders.
Largest Cryptocurrency by Market Cap
1. Bitcoin (BTC)
Market cap: $678 billion
As harbinger of cryptocurrency era, Bitcoin still coin reference when they talk about digital currency. Its mysterious creator — allegedly Satoshi Nakamoto — debuted currency in 2009 and it’s roller-coaster ride since then. However, it wasn’t until 2017 that cryptocurrency broke into popular consciousness.
2. Ethereum (ETH)
Market cap: $218 billion
Ethereum — the name for cryptocurrency platform — is second name you’re most likely to recognize in crypto space. The system allow you to use ether (the currency) to perform number of function, but smart contract aspect of Ethereum help make it popular currency.
3. Tether (USDT)
Market cap: $84 billion
Tether’s price is anchor at $1 per coin. That’s because it is what’s called stable coin. They are tied to value of specific asset, in Tether’s case, U.S. Dollar. Tether often acts as a medium when traders move from one cryptocurrency to another. Rather than move back to dollar, they use Tether. However, some people concern that Tether isn’t safely back by dollar held in reserve but instead use short-term form of unsecure debt.
4. BNB (BNB)
Market cap: $35 billion
BNB is cryptocurrency issued by Binance, among largest crypto exchanges in world. While originally creates as token to pay for discounted trade, Binance Coin can now be used for payment as well as purchasing various goods and services.
5. XRP (XRP)
Market cap: $30 billion
Formerly known as Ripple and created in 2012, XRP offers way to pay in many different real-world currencies. Ripple be useful in cross-border transactions and uses trust-less mechanism to facilitate payment.
6. USD Coin (USDC)
Market cap: $25 billion
Like Tether, USD Coin is stable coin fixed to dollar, meaning that its value should not fluctuate. The currency’s founder say that it’s back by fully reserve asset or those with “equivalent fair value” and those assets are held in accounts with regulated U.S. institution.
7. Solana (SOL)
Market cap: $15 billion
Launched in March 2020, Solana is newer cryptocurrency and it touts its speed at completing transactions and overall robustness of its “web-scale” platform. The issuance of currency, called SOL, capped at 480 million coins.
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