We all know that crypto currencies are the type of digital decentralized currencies that are in trend of usage by the people . There are new coins evolving day by day by every company which are digitizing or tokenizing their shares. Now let’s see some of the top crypto currencies which are most popular in the crypto World.
Almost every citizen of today’s world must have heard of this word ‘BITCOIN’ the world’s most expensive crypto upto date. In fact, cryptos that are not Bitcoins are usually considered an “also ran” – what are called “altcoins,” or alternatives to Bitcoin.Bitcoin was developed by Satoshi Nakamoto in January 2009 which was not even known to many but later in 2017 it stole the spotlight when its value was incredibly increasing and people were gaining on it. Up To date even though after going through all the crypto exchange collapses still it has its name on high in the market.
Ethereum was initially described in late 2013 in a white paper by Vitalik Buterin , programmer and co-founder of Bitcoin Magazine. Ethereum was announced at the North American Bitcoin Conference in Miami, in January 2014.This coin was a popular one due to its smart contract aspect and now it is the second most popular coin in the world.
Litecoin was released by Charles Lee , a Google employee who would later become engineering director at Coinbase. He created Litecoin to address some of the limitations of Bitcoin, such as its slower transaction times and higher feesLitecoin was invented as an alternative to bitcoin and now it is almost as popular as its predecessor. It also shares some common base codes along with bitcoin. Litecoin’s price today is US$89.0. LTC is +1.09% in the last 24 hours.
Tether (USDT) was founded by Brock Pierce, Reeve Collins and Craig Sellars in 2014. Brock Pierce is a American entrepreneur, venture capitalist, and philanthropist who is known for his early involvement in the blockchain and cryptocurrency industry.Tether is the most widely used stablecoin in the crypto market, with a market capitalization of over $20 billion as of June 2021.Tether’s price is anchored at $1 per coin. That’s because it is what’s called a stablecoin. Stablecoins are tied to the value of a specific asset. Here Tether is backed up by the US dollar which is also a uncertainty among people.
USD COIN (USDC)
USD COIN is of similar to Tether which is backed up by US dollar. The founder of USD Coin (USDC) is the Centre Consortium, a consortium of companies which was founded by Circle and Coinbase. The currency’s founders say that it’s backed by fully reserved assets or those with “equivalent fair value” and those assets are held in accounts with regulated U.S. institutions. This statement makes a pool of confidence among the people to invest on it not like a promotion but more like a assurance.