Cryptocurrency
A digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.
What is Cryptocurrency?
A Cryptocurrency is an internet-based medium of exchange which uses cryptographic functions to conduct financial transactions. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability. and sent directly between two parties via the use of private and public keys. These transfers can be done with minimal processing fees, allowing users to avoid the steep fees charged by traditional financial institutions. The first cryptocurrency ever created is Bitcoin. Cryptocurrency Mining is when a computer is used to solve a cryptographic puzzles in order to build blocks. Miners are rewarded with the cryptocurrency.
How does Cryptocurrency work?
Transactions are sent between peers using software called “cryptocurrency wallets.” The person creating the transaction uses the wallet software to transfer balances from one account (AKA a public address) to another. Cryptocurrency mining, or cryptomining, is a process in which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger. ... In order to be competitive with other cryptominers, though, a cryptocurrency miner needs a computer with specialized hardware. Cryptocurrency can essentially act like “a large property rights database”, according to one financial expert, and can be used to execute and enforce two-party contracts on items like real estate and automobiles, thus eliminating expensive brokerage and legal fees.
Two Types of Cryptocurrency
Public Cryptocurrency (market based)
A cryptocurrency that bases its value from the demand and supply trading volatility in the market capitalization. It fluctuates or increases and decreases its purchasing power and value following the volume of sales in the market.
One of the most significant disadvantages of cryptocurrencies have is the constant fluctuation of the price. And this makes it quite difficult for the users (and merchants) to accept and use crypto. ... And, along comes the next issue of cryptocurrency ‒ the lack of merchants accepting digital money. Mostly traded through exchanges and few are done by P2P. This is regulated and controlled by the market cap regulatory.
This cryptocurrency is created based on the "Law of Demand and Supply."
BITCOIN (BTC)
Bitcoin is a cryptocurrency. It is the first decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Wikipedia Symbol: ₿ Ledger start: 3 January 2009 (10 years ago) Supply limit: ₿21,000,000 Latest release: 0.18.1 / 9 August 2019 (33 days ago) Circulating supply: ₿17,754,100 (as of 11 June 2019) Founder: Satoshi Nakamoto
Bitcoin is considered public because it is in the valuation control of the public market cap. No laws protect its users.In August 2008, the domain name bitcoin.org was registered. On October 31st 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are. The paper outlined a method of using a peer-to-peer network for electronic transactions without “relying on trust”. On January 3rd 2009, the Bitcoin network came into existence. Nakamoto mined block number “0” (or the “genesis block”), which had a reward of 50 Bitcoins. Bitcoin (BTC) price analysis over 2018: 2018 was a torrid year for cryptocurrencies. The price of Bitcoin (BTC) dropped an astonishing 73% since it opened at $13,850.50 on January 1st, 2018. It closed on December 31st, 2018 at $3,709.50.
Private Cryptocurrency (community based)
A cryptocurrency that is linked to the growth of the community to base its value and not from the market. It is really develop under the agreement between the cryptocurrency and the verified user privately with love and respect.
The value of this cryptocurrency grows naturally according to the number of verified users that agreed upon with the given membership agreement. It does not go down its value but increases as it goes along the time. This cryptocurrency is regulated by the private verified holders only even without the public regulatory like government, banks and monetary agencies. There is no constant fluctuation of the price and it makes better to use by the merchant and users to accept for payment in digital form.
This cryptocurrency is developed based on the natural law, the "Law of Abundance."
The Billion Coin (TBC)
The Billion Coin (TBC) is the first private and a unique cryptocurrency and first of its kind. Its growth is determined by a unique formula which depends on the number of verified users globally for its growth and not market forces. It is an abundance-based currency and not a market-driven currency.
The Billion Coin (TBC) is a crypto currency like Bitcoin; but unlike Bitcoin, it is decentralized. It operates in its own structure and formula which depends on the total number of users for its growth and value. The value of TBC increases by 1-5% daily, meaning your investment in it appreciates by 1-5% daily.
Kringle coins are PRIVATE SMART PHONE CURRENCY ready for Merchants to use and accept. Merchants and Consumers alike love the speed and convenience of using Kringles to conduct transactions that are recorded on a blockchain for security.
Kringle Cash today 25,000 Kringle coins times $10 each is a lot of money. Merchants all over the world already accept them, and people have purchased land, cars, food, electronics, and much, much, more, with them already.
TBC is procted by the Court of Law of the Protections and Immunities of the PanTerra D’Oro Private Society as one of its valued members. So, the members, users and stakeholders are protected by its Laws.The Bitcoin (BTC)
The Billion Coin (TBC) The New Digital Gold
Top 10 cryptocurrencies by market capitalisation
This article analyses the top 10 cryptocurrencies by market capitalisation. Beginning with the largest, the top 10 are currently Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, EOS, Binance Coin, Tether, Bitcoin SV and Tron. The total value of the top 10 cryptocurrencies (as of 8th July 2019, 14:00) is $282bn. This is an increase of $72bn since June 10th. How many cryptocurrencies are there? There are approximately 2,322 cryptocurrencies being traded with a total market capitalisation of $349bn (as of July 9th 2019). So, the top 10 cryptocurrencies represent roughly 85% of the total market value. The top cryptocurrencies list shows relative positions rather than changes in market capitalisation. So, when we say “Bitcoin $x billion – no change”, we are sayingThe post Top 10 cryptocurrencies by market capitalisation appeared first on Coin Rivet.
How many public cryptocurrencies are there?
There are approximately 2,322 cryptocurrencies being traded with a total market capitalisation of $349bn (as of July 9th 2019). So, the top 10 cryptocurrencies represent roughly 85% of the total market value. The top cryptocurrencies list shows relative positions rather than changes in market capitalisation. So, when we say “Bitcoin $x billion – no change”, we are saying the Bitcoin relative ranking in the number one spot is unchanged, irrespective of changes to its market capitalisation since it is the mother of all public digital coins.
THE ONLY PRIVATE COMMUNITY BASED CRYPTOCURRENCY
TBC
TBC
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The TOP 10 CRYPTOCURRENCIES IN THE PUBLIC MARKET CAP
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Cryptocurrency Greatest Quotes from Famous People
"The future of money is the Digital Currency (Cryptocurrency)"
Bill Gates
Microsoft Founder
“Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential.”
Jonas Gerber
Founder of BitcoinChaser.com
“I think the internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing but that will soon be developed, is a reliable e-cash.”
Professor Milton Friedman
Nobel Prize winner in economics
Enjoy the educational cryptocurrency ride of your life!
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