Cryptocurrencies

Cryptocurrency or crypto in short is a digital or virtual currency that’s procured by its cryptography, which makes it almost impossible to counterfeit or duplicate money. Most cryptocurrencies are decentralized or run on decentralized networks according to a distributed ledger, enforced by various computer networks. The vital feature of cryptocurrencies is that they are not issued by a central authority, so making them theoretically immune to government interference or manipulation.

Cryptocurrencies are a new form of electronic assets according to a network spread over a large number of computers. It is a digital coin that is to be moved between people through virtual transactions. These forms for digital assets exist only as information and not as physical items.

Featured Cryptocurrencies 2023

Cryptocurrencies
ICON (ICX)	UTrust (UTK)	Cardano (ADA)

Early Stages of Cryptocurrency

Bitcoin (BTC) is regarded as the first modern cryptocurrency since it’s the first digital currency to work fully decentralized. Bitcoin is one of many cryptocurrencies designed to challenge traditional financial models by using blockchain technology for transactions with different currencies, services, and products. Since the launch of Bitcoin, more than 4000 alternative cryptocurrencies have been created, though very few are broadly used. To this day, Bitcoin remains the benchmark for all other digital coins. Other coins or tokens that have found their way into the Hall of Fame in the crypto-sphere are cryptocurrencies like Litecoin (LTC), Ethereum (ETH), Cardano (ADA), Ripple (XRP) and Tezos (XTZ).

What Are The Benefits of Crypto?

When you utilize a cryptocurrency to pay for goods and services, your transactions are encrypted and recorded in a public register called a blockchain. Blockchain ensures the integrity of this cryptocurrency and eliminates the need for intermediation by third parties such as banks and payment processors. To send transactions of crypto a cryptocurrency wallet is then used to communicate with the ledger. If the cryptocurrency is decentralized it means that it is not issued or supported by a central authority, like a government. Whether gold is traded on a traditional market or FIAT-money traded on a stock exchange, a decentralized cryptocurrency is censorship-resistant because it is not controlled by a central authority. Its worth to mention that the majority of cryptos and tokens can be traded on centralized or regulated crypto exchanges, which might require KYC-verification.

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Cryptocurrencies
Bitcoin (BTC)	Ethereum (ETH)	Cardano (ADA)
Litecoin (LTC)	Tezos (XTZ)	EOSIO (EOS)
Dogecoin (DOGE)	UTrust (UTK)	ICON (ICX)

Top 10 Best Cryptocurrencies