TOP CRYPTO CURRENCIES

 HEY how's it going let's talk about the top 10 cryptocurrencies right now all right so this is the to 10 cryptocurrencies kryptos by market cap keep in mind that this changes all the time but i'm just going, to talk about the top ones right now and generally it's an indicator of popularity so whether you have any of these cryptos right now or not  it's always good to know what's popular and of course it's always good to learn more about the crypto space so that you can be prepared for any other new developments in the future alright so let's just get started the first one is bitcoin the original decentralized digital currency also known as internet money also known as digital gold on january 3rd 2009 the bitcoin network was created when an anonymous entity known as satoshi nakamoto mind the starting block of the chain known as the genesis block keep in mind that one of the primary reasons that bitcoin was created was so that online payments transactions could be directly sent from one party to another without the need of financial institutions so basically bitcoin's a unit of currency on a peer-to-peer payment network a p2p network bitcoin is also pseudonymous meaning that funds aren't tied to real-world entities but rather public addresses so generally owners of bitcoin addresses can remain anonymous but all transactions on the blockchain those are generally going to be public all right the next one let's talk about ethereum launched in 2015 ethereum is an open source blockchain based decentralized software platform and if you've ever heard of ether that's a native cryptocurrency of the platform what does ethereum do.

it enables smart contracts and distributed apps also known as dapps to be built and run without any interference from third parties really quickly just so you know what's an example of a smart contract real estate is a really good example let's say a buyer and a seller they both enter into a contract a smart contract of course once the payment is sent to the seller then automatically ownership of the house it gets transferred to the buyer what about dapps so you know how other tec companies like apple and microsoft allow its developers to build apps on their software or using their software well you can do the same thing  you can build apps on ethereum using ethereum except in this case it's decentralized all right now let's talk about binance coin it's important to know what binance is binance right now it's the world's most popular cryptocurrency exchange well binance coin that's the native cryptocurrency o binance it's used for a lot of things technically it powers the ecosystem for example binance coin can be used to trade and pay for fees on the binance exchange finance is also known for its dual chain system so if you've ever heard of binance chain and binance smart chain that's all part of this thing too what's the next one dogecoin dogecoin was revealed to the public around 2013. it literally started as parody it's a meme the amazing thing is that it's still popular to this day besides the great branding the logo the mascot the shiba inu people eventually realized there wa some practicality to this the large supply and low price it actually made it really popular for mmicro tipping users on social media lik reddit let's keep going here xrp well you know how it takes a reall long time days sometimes even longer to send international payments and transfers especially when you're crossing borders well ripple or the token xrp it's designed to make this not only faster but also cheaper lower transaction fees real-time gross settlement system also known as rtgs global instant payments yeah you can do that using xrp so who could be using this for rapid cross-border transactions and payments enterprises banks companies corporations even payment providers really quickly it's also important to understand the difference between xrp ripple and ripple net xrp is the currency on ripple net ripple net that's the digital payment platform and ripple is also the company that runs ripple net and all of this is on top of a distributed ledger databas called xrp ledger it also isn't eve made up of a blockchain but rathe something called a hash tree all right now let's talk about tether this was launched back in 2014 it was first called realcoin and then us tether and then finally they just called it tether this is one of the first cryptocurrencies to peg its market value to a fiat currency what does that even mean it means it's trying to mirror the price of something like the us dollar why would you even do this well to reduce friction in the entire cryptocurrency ecosystem is trying to bring some stability here so it's a stable value cryptocurrency also known as a stablecoin something like this of course it's going to be controversial but generally it's considere to be a safe haven for crypto investors why because during periods of high volatility you can park your portfolio in tetherrather than cashing out in us dollars the next one cardano this was founded back in 2017 and it was conceptualized by one of the co-founders of ethereum the native crypto of this it's ada ada was actually named after ada lovelace aydah was a 19th century mathematician recognized as the firstcomputer programme and the daughter of poet lord byron according to the co-founder of cardanowe've gone through three generations of blockchains generation one that's bitcoin and money transfer generation two that's ethereum and smart contracts and generation three well you guessed it it's cardano so cardano says it's the next generation of blockchains there's a lot of differences but one example is instead of proof of work which is something that bitcoin has right now there's something called proof of stake proof of stake will make the entire mining process virtual and it's going to replace the miners with validators generally this is going to make things more cost effective among a lot of other things all right now let's talk about polka dot this i an open source protocol that's aimed at connecting all different blockchains public chains private chains permissionless networks oracles and other future technologies by connecting all of these blockchains togethe you allow them to all work together and you share data with each other if you really want to get technical here it's an open source sharding multi-chain protocol meaning that it can process multiple transactions on multiple chains in parallel also known as pair chains well why would you even do this apparently this parallel processing power improves scalability and they also make it pretty easy to connect custom block chain to polka dots entire network oh yeah and one of the co-founders of ethereum also on the founding team here what about uniswap what's that uniswap is a popular decentralized trading protocol known for its role in facilitating automated trading of decentralized finance tokens defy tokens so it aims to keep token trading automated it also attempts to solve issues that previous platforms had in terms of liquidity so if you think about it by automating the entire process of market making the protocol incentivizes activity by limiting risk and reducing costs for all parties involved uniswap was also created by a previous ethereum developer you see the trends here alright next one litecoin this cryptocurrency this crypto was launched back in 2011. it was also created based on the bitcoin protocol there's a lot of differences though in terms of hashing hard cap block transaction times and other stuff it's pretty much meant to be a light version of bitcoin most of the same properties but faster and cheaper to use and it's really mostly focused on small frequent transactions so you can see how it got popular right simplicity and utility benefits and they're still compared to each other a lot the analogy is that bitcoin is the digital gold as litecoin is the digital silver so that's the top 10 most popular crypto right now based on market cap i'll also talk about bitcoin cash because that tends to pop in the top 10 as well bitcoin cash is a spin-off or an altcoin and was conceived in 2017. who created this though miners and developers but why did they do it well they were concerned about bitcoi and its future especially in terms of scalability the whole question was and still is can bitcoin scale effectively int the future and beyond so that's why bitcoin cash was created and it also has its own blockchain and specifications including one very important distinction from bitcoin bitcoin cash has increased block size relative to bitcoin and this helps accelerate the verification proces so technically bitcoin cash it can process transactions faster than bitcoin or anything on the bitcoin network the original bitcoin network there are downsides though one of the things is that faster verification times could lead to security issues relative to bitcoin also if you think about it bitcoin will probably always be more popular than something like bitcoin cash if bitcoin cash does become more popular than bitcoin it's probably going to be really far out in the future so hopefully this helped you out if you learn something new gain value then subscribe to my blog,and as always thanks for reading.

and i'll see you in the next one .