Due to the market capitalization, 2017 was an excellent year for the cryptocurrency. After looking at massive correction in the prices, cryptocurrencies crashed, and their market capitalization reached a lower point but still, we have a list of five top cryptocurrencies.
Bitcoin is the first cryptocurrency, and many people don’t even know, who exactly created it. It is based on ledger technology that is known as the blockchain. It comes under the Top five cryptocurrencies that have been popular among a broad audience. It is easy to purchase for beginners as top exchanges and wallet support it. It is not easily available in cryptocurrency exchanges as the other popular cryptocurrencies.
It is the second most valuable currency after the bitcoin. Also, it is much more than just a digital currency. It is a blockchain-based platform that creates decentralised apps and smart contracts. Additionally, it is such native cryptocurrency that is used for every single transaction. You might also see that it is an excellent platform for the build-up of smart contracts. Due to this reason, it is considered as the best thing in the crypto universe. You might also witness that it is an excellent platform for launching an initial coin offering.
It provides the best solution that is targeted at a particular industry. It is among the top five cryptocurrencies that are tested all around the globe. Moreover, it has strategic ties with major financial institutions. But some banks and institutions have build up their currencies for international payments. If you have been following genuine crypto news then you must have got somewhat details of top five cryptocurrencies. Ripple is a real-time gross settlement system, currency exchange and remittance network. It instantly moves money to every corner of the world.
It was created by Charlee lee that was an Ex-Google employee. The benefit that it brings is the transaction time. Litecoin takes about 2.5 minutes for the transactional purposes while Bitcoin takes 10 minutes for the same. It holds a market capitalisation of more than 9.64 billion. Also, it is among the top five cryptocurrencies in the current time. If you have been following good crypto news, then you must be aware of these five popular cryptocurrencies. It uses a faster payment confirmation schedule. It is a peer to peer cryptocurrency that is based on the bitcoin protocol.
Stellar is a non-profit foundation as compared to all the other cryptocurrencies. It is more decentralised as compared to ripple. Stellar has a strategic partnership with 30 plus banks. It is part of organisations like Deloitte and IBM. Moreover, It is focused on making the cross border payments more accessible. Stellar has been around since 2014 but did not see many transactions till 2017.
All these top five cryptocurrencies have been the competitive aspect of the cryptocurrency industry, but these challenging factors make it more appraising. Market benefits can be different with time to time acknowledgement. The primary factor is the continuity that backs up these cryptocurrencies.