Cryptocurrency is a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.
It typically does not exist in physical form (like paper money) and is typically not issued by a central authority.
Cryptocurrencies have taken over the world investment market as a lot of people are putting much effort to invest in crypto.
According to TBz Journal analysis team, experts in cryptocurrencies have observed that in ten years crypto will be valuable than gold.
In this journal we will be pinpointing from the most popular cryptocurrencies making headlines around the globe to lesser-known digital currencies,here are TBz Journal’s five top cryptocurrencies.
It has been over a decade since the mysterious Satoshi Nakamoto created under the white sheet.
It is currently the most popular form of cryptocurrency in the world as a lot of people are trying to invest in it. It has dominated the market since the first bitcoins were mined in January 2009.
Bitcoin has prices surged to more than $40,000 in January 2021 for a market cap of more than $1 trillion showing that bitcoins accounted for more than 69% of the cryptocurrency market. Despite being the biggest name in crypto gives it a worldwide acceptance that lesser-known rivals don’t have, arguably making it the best cryptocurrency to buy for investors new to the asset class.
BITCOIN CASH (BCH)
In August 2017, Bitcoin created their own version of Bitcoin and named it Bitcoin Cash as a solution to reduce the amount of data needed in each blockchain of Bitcoin, but others believed this would compromise the integrity of the cryptocurrency
Bitcoin Cash has blocks that can store 8 MB of data, allowing for faster and more frequent transactions with lower fees. Bitcoin Cash may be newer and less popular than its predecessor, but its scalability means it has incredible potential for growth and puts it in the running for the best cryptocurrency.
Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license.
Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a Google employee who later became Engineering Director at Coinbase.
During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours.
The Litecoin Network aims to process a block every 2.5 minutes, rather than Bitcoin’s 10 minutes. This allows Litecoin to confirm transactions much faster than Bitcoin.
Ethereum’s goal is to decentralize the internet by replacing servers with a worldwide system of nodes, creating “one computer for the entire world.”
of currency. Ethereum takes that a step further – rather than decentralizing money, Ethereum’s goal is to decentralize the internet by replacing servers with a worldwide system of nodes, creating “one computer for the entire world.” Ethereum is a software platform based off blockchain technology in which users can exchange a cryptocurrency called ether. Ether has become one of the most popular cryptocurrencies in the world, with a market cap approaching $139 billion that puts it second only to Bitcoin in market share. But the real draw is the platform itself, which has become wildly popular as a host for other cryptocurrencies – in other words, not only do investors profit from one of the best and most popular cryptocurrencies on the market, but also from the wider uses of Ethereum itself.
BINANCE COIN (BNB)
Binance Coin is a utility cryptocurrency that operates as a payment method for the fees associated with trading on the Binance Exchange. Those who use the token as a means of payment for the exchange can trade at a discount. Binance Coin’s blockchain is also the platform that Binance’s decentralized exchange operates on. The Binance exchange was founded by Changpeng Zhao and the exchange is one of the most widely used exchanges in the world based on trading volumes.
Binance Coin was initially an ERC-20 token that operated on the Ethereum blockchain. It eventually had its own mainnet launch. The network uses a proof-of-stake consensus model. As of January 2021, Binance has a $6.8 billion market capitalization with one BNB having a value of $44.26.
Cryptocurrencies are still hitting the world market and will be a very great asset to invest in current days and time ahead of us.