Live exchange rates of the most important cryptocurrencies by market capitalizations.
All cyptocurrency exchange rates are in Euro.
- Market Cap: €107.57 B
- 24h Vol: €13.32 B
- BTC Dominance: 52.34%
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Bitcoin is currently the largest blockchain network by market capitalization, followed by Ethereum, Ripple, Bitcoin Cash, NEO and Litecoin.
Other cryptocurrencies include NEM (New Economy Movement), IOTA, Dash, Etherium Classic, Monero, Stratis, Waves, Civic, Golem, Iconomi, Bytecoin, Veritaseum, EOS, AdEx, MCAP, Zcash, Gridcoin, PotCoin, Titcoin, IrishCoin, Emercoin, DigitalNote, Freemasoncoin, TeslaCoin, DAS, BitConnect…
What is cryptocurrency?
A cryptocurrency is an electronic or digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the currency creation.
Cryptocurrency can be classified as a digital currency, alternative currency and virtual currency.
Bitcoin is the first decentralized cryptocurrency created by Satoshi Nakamoto in 2009.
Since then, hundreds of cryptocurrencies have been created.
These are frequently called altcoins, as a blend of bitcoin alternative.
Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/centralized banking systems.
The decentralized control is related to the use of bitcoin’s blockchain transaction database in the role of a distributed ledger.
The inventor of the most famous cryptocurrency today – Bitcoin – attempted to build a “peer-to-peer electronic cash system”.
This had been tried many times before but the main point of difference between Bitcoin and previous efforts like Digicash was that it was to be entirely decentralised.
How to trade cryptocurrency?
Cryptocurrency trading is the process by which we speculate on future price moves of bitcoin.
For any single balance, transaction, or change to the network to take place, there would need to be consensus amongst those validating the network – the miners.
Since Bitcoin’s invent, many other programmers have attempted to use the model and tweak it to provide what they consider to be a more functional form of digital cash.
Central bank representatives have stated that the adoption of cryptocurrencies such as bitcoin pose a significant challenge to central banks’ ability to influence the price of credit for the whole economy.
They have also stated that as trade using cryptocurrencies becomes more popular, there is bound to be a loss of consumer confidence in fiat currencies.
Gareth Murphy, a senior central banking officer has stated “widespread use of cryptocurrency would also make it more difficult for statistical agencies to gather data on economic activity, which are used by governments to steer the economy”.
He cautioned that virtual currencies pose a new challenge to central banks’ control over the important functions of monetary and exchange rate policy.
What is cryptocurrency mining?
Without Miners, cryptocurrency market would not work.
Miners provide a two-fold role in cryptocurrency.
Firstly, they process complex mathematical problems to “unlock” new coins.
Secondly, they validate transactions on the network.
They must have consensus on any change to the network for the blockchain to remain consistent. Non-consensus can lead to forks in the network.
Forks are incredibly difficult to make happen on the Bitcoin network, and for many this is one of its strongest attributes.