10 most popular virtual currencies today

(Baonghean.vn) - There are thousands of virtual currencies on the market.Similar to other types of assets (such as stocks, real estate),Cryptocurrency prices can be volatile, creating overnight billionaires but also making them dangerous investments. Here are the top 10 most popular cryptocurrencies with the largest market capitalizations today, according to CoinGecko rankings.

1. Bitcoin

Bitcoin was created in 2009 by Satoshi Nakamoto - a rather mysterious person. Bitcoin's market value is over 10 billion USD (June 2016), larger than all other virtual currencies combined. For many people, mentioning virtual currency means mentioning Bitcoin. Because of its brand value, all other virtual currencies are considered "altcoins" - virtual currencies that are alternatives to Bitcoin.

By August 2017, Bitcoin's base currency was valued at over $100 billion, making it the largest cryptocurrency by market value. The large fluctuations in the value of each bitcoin have led to criticism of Bitcoin's economic suitability as a currency.

2. Ethereum

Ethereum is a cryptocurrency platform based on smart contracts - allowing all transactions and related agreements to be tracked through a ledger. Ethereum is divided into two types: Ethereum and Ethereum Classic.

Introduced to the market in mid-2015, it was touted as a cryptocurrency with more potential than Bitcoin with a market value of about $1.1 billion.

Over the past few months, more than 100 companies have joined the non-profit association called the Enterprise Ethereum Alliance, including well-known names like Toyota, Merck, and Samsung, to build tools that can leverage Ethereum's capabilities in enterprise environments.

3. Aureus

After Bitcoin, Aureus is also one of the virtual currencies that is currently known to many people. Aureus is operated and widely developed by the Bitkingdom community. Since its entry into the virtual currency market, Aureus has received great support from 200,000 Bitkingdom community members.

Aureus coins are written on a separate blockchain platform, and are fully pre-mined in predetermined quantities, allowing for well-managed distribution of Aureus out into the community.

Aureus can be used just like any other currency by experienced and skilled cryptocurrency investors. For investors who are not tech-savvy, they can store Aureus on wallets on websites recommended by the Aureus Leadership Team.

4. Litecoin

Litecoin was launched in September 2011 by former Google employee Charles Lee, as an alternative to Bitcoin... Litecoin is a peer-to-peer Internet currency that allows instant, and nearly free, payments to anyone in the world.

Litecoin is a global payment network based on open source and purely decentralized nature without any central governing entity... The network is secured by mathematical laws and puts individuals in control of their own finances.

5. Monero

Monero (XMR) is a decentralized cryptocurrency similar to Bitcoin, but with a stronger focus on privacy and decentralization, as well as a different approach to scalability. The word “monero” comes from the Esperanto language and means “currency” or “coin”.

Monero is known as a privacy-centric cryptocurrency – it uses group signature technology, making it safe, secure and untraceable. With a market cap of around $138 million, Monero is mainly used by individuals who want to remain anonymous on the internet.

6. Ripple

Ripple is a real-time global settlement system that converts currencies. Launched in 2012 and valued at around $243 million, Ripple has been integrated into a number of banks and payment systems to reduce overhead costs.

Ripple has pledged that its technology can help banks reduce operating costs by up to 33% throughout the entire process, allowing the payer to transfer huge amounts in a snap.

Because of the difference between “a few seconds” and “a few days”, this investment is so attractive to most banks. Ripple virtual currency has now become a partner of nearly 50 of the world's largest international banks.

7. Dogecoin

DogeCoin is considered a “Fake” version of Bitcoin and is being used popularly in many countries around the world, including Vietnam. Dogecoin is emerging as a smart investment solution for many digital currency enthusiasts.

Dogecoin was originally known as a joke currency but still attracted a lot of attention. The word Doge in its name is a pronunciation of Dog. It is often used on forums or donated to some organizations. The market value of Dogecoin is about 25 million USD.

8. Dash

Dash (short for digital cash) has the advantage of security and payment speed. It was renamed from Darkcoin to avoid association with the dark web. Dash has a market value of about 77 million USD. People can use it to pay at a series of stores and large systems.

According to CoinMarketCap, as of March 2017, Dash's market capitalization has surpassed $500 million and become the most active altcoin community in the world.

9. Lisk

Unlike most of the cryptocurrencies on this list (except Ethereum), anyone can use Lisk's system to create decentralized applications (dapps) using the Javascript programming language.

Thus, this currency has practical application value and is used to create many types of dapps, including social networking platforms, e-commerce stores. Its market value is 25 million USD.

10. Storjcoin X

Storjcoin X (SJCX) was launched in July 2014. Storj, the company that created it, operates an open-source data encryption network and uses Storjcoin to grant access and use of services. The market value of this virtual currency as of September 2016 is 8 million USD.

Because it is developed on the Bitcoin Blockchain platform and depends on many Bitcoin factors, the exchange rate of Storjcoin X is also affected by the Bitcoin price, which means that when the Bitcoin price fluctuates, the SJCX price also fluctuates.

Ngoc Anh

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