What is Cryptocurrency? Cryptocurrencies & Market Capitalization

in #cryptocurrency7 years ago

Cryptocurrency

cryptocurrency is electricity converted into lines of code with monetary value. In the simplest of forms, cryptocurrency is digital currency.
Cryptography is used to secure the transactions and to control the creation of new coins. The first cryptocurrency to be created was Bitcoin back in 2009. Today there are hundreds of other cryptocurrencies, often referred to as Altcoins.
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Cryptocurrencies & Market Capitalization

One coin that you are more than likely familiar with is Dogecoin. Dogecoin ranks, on average, thirds in trading volume, but has a relatively low market cap – ranking number six in the largest cryptocurrency.
The price of Bitcoin rose over 1000 percent in 2017, meaning every $1 invested turned into $1000 in just 12 months. Bitcoin isn’t done yet, and other cryptocurrencies are now seeing similarly rapid growth. This bundle helps you make the most of this remarkable trend, even with a small initial investment. Through concise video lessons, you learn about the underlying blockchain technology and how to purchase your first coins.
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