Cryptocurrency- Some major players

The number of cryptocurrencies available over the internet as of 19 August 2018 is over 1600 and growing. Some of them are as follows:  

1. Bitcoin :- Bitcoin is a decentralized peer-to-peer electronic cash system that does not rely on any central authority like a government or financial institution. All transactions are recorded on a global public ledger called the blockchain. Bitcoin was first described in white paper written by an anonymous person who went by the name Satoshi Nakamoto in 2008.

           

2. Ripple :-Ripple is a technology that acts as both a cryptocurrency and a digital payment network for financial transaction. It was released in 2012 and was co-founded by Chris Larsen and Jed McCaleb.
                  

3. Litecoin :- Litecoin is a peer-to-peer cryptocurrency and open-source software project released under the MIT/x11 license. Creation and transfer of coin is based on an open source cryptographic protocol and is not managed by any central authority. Litecoin was an early bitcoin spin off or altcoin, starting in October 2001.
                       

4. Bitcoin cash :- Bitcoin cash is a cryptocurrency that is a fork of bitcoin. Bitcoin cash is a spin-of or altcoin that was created in 2017. In 2018 Bitcoin cash subsequently split into two cryptocurrencies: Bitcoin Cash and Bitcoin SV. Bitcoin Cash is sometimes also referred to as Bcash.
                    

These were some of the major cryptocurrencies. We will see more in the next blog.