Here are the 5 most popular cryptocurrencies in the world, with the famous Bitcoin taking first place, far ahead of the rest and currently gaining a lot of popularity.

1. BITCOIN (BTC)
MARKET CAPACITY: $ 1,069.38B

Bitcoin (BTC) is the world’s first cryptocurrency built on a distributed ledger (blockchain) with the proof of work mechanism that is not supported by the central bank or the government of a country where it was founded by “Satoshi Nakamoto”, a pseudonym representing an individual or group of individuals, which published the white paper on October 31, 2008.

Bitcoins can be used as digital currency for peer-to-peer electronic transactions and exchanged for goods or services with vendors who accept Bitcoins as a method of payment.

 

2. ETHEREUM (ETH)
MARKET CAPACITY: $ 224.59B

Ethereum is a decentralized exchange protocol allowing the creation by users of smart contracts using a Turing-complete language. These smart contracts are based on a computer protocol to verify or enforce a mutual contract. They are deployed and accessible to the public on a blockchain.

Ethereum uses a unit of account called Ether as a means of payment for these contracts. Its corresponding acronym, used by trading platforms. Ethereum is the second largest decentralized cryptocurrency with a capitalization of over 37 billion euros as of November 2020.

3. BINANCE COIN (BNB)
Market (USD): $ 43.84 billion

Binance is a global cryptocurrency exchange that trades over 100 cryptocurrencies. At the start of 2018, binance was considered the largest cryptocurrency exchange in the world in terms of volume. The site launched on July 14, 2017 and is based in Hong Kong. The CEO is Zhao Changpeng. He would become a billionaire in a matter of months and made the cover of Forbes in February 2018.The name Binance comes from “Binary + Finance, the platform allows you to store, buy, resell and trade cryptocurrencies for other cryptocurrencies. but also against fiat currencies such as Euro6 or Dollar. Binance supports SEPA7 bank transfers, allowing you to make deposits in Euro directly from your bank account (subject to identity verification).

 

4. POLKADOT
Market (USD): $ 36.25 billion

Polkadot is an exchange and transfer architecture proposed between several heterogeneous chains, making it possible to connect public blockchains with specialized sidechains. Thanks to Polkadot, different blockchains can exchange messages in complete security and without levels of trust1.

Created by Gavin Wood, co-founder of Ethereum, the Polkadot project is supported by the Web3 Foundation [archive]. The mission of this foundation is to promote the development and use of protocols in the field of decentralized software – in particular using modern cryptographic methods aimed at ensuring decentralization – for the benefit of the stability of the Web ecosystem34.

 

5. CARDANO (ADA)
Market (USD) $ 35.98 billion

Cardano (ADA) is a decentralized public blockchain and digital money project and is fully open source. Cardano is building a nifty tuning stage that attempts to enable complex programmable exchanges of significant value in a protected and adaptable design thanks to its unique arrangements. It is the first step of the blockchain to emerge from a logical way of thinking and a determined methodological examination.

Paul Rios    21 février 2021

 

 

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