Cyrptocurrency up to date.
Forex, ethereum, bitcoin, ripple, qtum.
The world of cryptocurrencies has grown exponentially over the course of just 12 months.
This is an unprecedented success story that has caught almost everyone off-guard.
However, what comes after the growth will depend on how much popularity these currencies accumulate in the coming years
how many people decide to use them in their everyday lives (or simply invest in them for future gains).
But before we can talk about any future moves made by cryptocurrency markets
let’s take a look at where things stand right now and see where they come from.
Birth of a revolution.
Like any other kind of currency, cryptocurrencies were born out of a combination of ingenuity and opportunity.
After the Great Recession investors and entrepreneurs were looking for something
they could invest in that would allow them to make a lot of money quickly.
Some say that cryptocurrencies are here to stay and their popularity is only going
to grow with time as more people find out about the technology behind them and want to use it in their day-to-day lives.
The origins of this revolutionary technology go as far as 2009
when Satoshi Nakamoto created the first blockchain based currency, bitcoin .
In 2014 ethereum was launched with its Initial Coin Offering (ICO) raising over $14 million dollars for the company behind it.
Many of these cryptocurrencies are more advanced than bitcoin itself, which has some good investments for the future.
Bitcoin is a cryptocurrency with a very limited number of coins which can be mined easily.
Bitcoin is mainly used as a form of payment on the internet, but it can also be used for things like buying items online or paying bills.
Bitcoin’s purpose is to ensure that money remains stable and secure by keeping everyone honest.
Ethereum was created to allow developers to create ‘smart contracts’ that are written in ‘Turing complete’ language .
These contracts are stored on blockchains which are even more secure than the bitcoin blockchain.
Where their origins begin.
Bitcoin’s popularity has grown massively over the past few years, mainly due to its benefits as a payment method.
However, its use as a currency is still relatively new and not many people are aware of it.
Ethereum on the other hand is more known for being used for writing smart contracts or programs
that are run automatically without any human input.
To understand ethereum’s origins, let’s look at how developers came up with the idea behind it .
A few years ago, there were very few applications that were capable of using blockchain technology.
Ethereum was created to allow developers to create smart contracts that are written in ‘Turing complete’ language .
These programs are stored on blockchains which are even more secure than the bitcoin blockchain.
The popularity of bitcoin has grown immensely due to its advantages as a payment method and its high security features.
Although the concept of blockchain technology was already available in 2009,
it wasn’t until 2013 that it became widely used among distributed applications.
This year has been a huge year for cryptocurrency so far and
it looks like 2018 will be even bigger when you include the new coins being developed for this market.
This year has been a huge year so far in terms of cryptocurrencies with many new coins being developed and launched every month,
but these are just some of the top ones that have jumped into the mainstream consciousness .
In our next article we will be discussing some of these coins in greater depth .
the impact of the last 12 months has been quite incredible ,
this is mainly due to the fact that it was during this time that many cryptocurrencies were launched, specially the ‘altcoins’ .
Today there are over 1, 000 altcoins available on exchanges although most of them are simply copies of bitcoin or ethereum .
What is interesting about these altcoins is how each one has their own unique features and target audience, which you can see in our next article .
Bitcoin is among the most popular cryptocurrencies available on exchanges , with an overall market capitalization of over $90 billion.
Bitcoin remains at the top with a market share of about 39.1% according to CoinMarketCap.com as of June 5th.
Not only is bitcoin the most popular cryptocurrency on the market,
but its price has also increased greatly over the last few months, reaching a high of $2, 816.99 on May 25th.
With a total supply of just under 17 million bitcoins,
it’s estimated that there are nearly 4 million bitcoins left to be mined before the 21 million max supply is reached by 2140.
One of bitcoin’s biggest advantages is its security ,cryptocirclex.com/
this was made possible thanks to the creation of blockchain technology which introduced new features that improved security online .