Digital Currencies
Top 5 Performing Cryptocurrencies
Cryptocurrency is a digital currency. It is not
controlled by any owner, body, or any agency. Cryptocurrency can be used for
any kind of services & purchase anywhere in the world. This currency is
digitally transferred to avoid physical cash transactions. It is distributed by
blockchain and easy to transfer.
1. BitCoin - Original BitCoin
Cryptocurrency was invented in 2009. Currently it is world's top digital
currency. The transfers are trustworthy & easy for greater amounts.
2. Ethereum - It is an open-source &
public blockchain based platform for building decentralized applications and it
is designed to do a very limited set of operations. Vitalik Buterin is the key
person who develop the platform behind Ethereum on the blockchain. This was
brought for small groups who run the blockchain and can be invoked by the users
of the network. So basically, this allows app developers to freely work on the
blockchain. The cryptocurrency of Ethereum is generally known as Ether.
3. Ripple - This is a Real Time Gross
System (RTGS) network was invented by US based company, Ripple Labs Inc. Ripple
is developed on an open source internet protocol and also supports tokens
representing fiat currency. It is easy payment process, Super-Fast, this
neither has transaction fee nor internal commission. Due to these reasons this
is in top 5 of cryptocurrencies. Ripple is special due to consensus algorithm
used which is called Byzantine fault tolerance based on the Byzantine general
problem.
4. Bitcoin Cash - Bitcoin was created in Aug
2017 from fork of bitcoin. It increases the blocks so there is an increase in
the number of transactions too. It is also quite user-friendly. It is developed
with the implementation of SegWit, which stands for segregated witness. Due to
following reasons BitCoin Cash is included in the top 5 cryptocurrencies:
o
More
number of transactions
o
Less
waiting period in transcations
o
Minimum
charges in transactions
o
Faster
Confirmation of transmittal
5. EOS - This is a blockchain platform
similar to Etherum for the development of decentralized applications. It makes
app development a breeze by providing an operating system like set of functions
and libraries for developers. EOS have best features & security with dapp
platform to store the data. It provides the operating system for decentralized
application focused on storage data server, cloud storage etc.
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