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Showing posts from December, 2020

Ethereum- a cryptocurrency one should not ignore

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CMP: $722.06 (15:27, 29.12.2020), Market cap: $82.74B, Circulating Supply: ETH113.07M, Approx. daily Volume: $20.60B, Share in total Crypto trading volume: 9.73% Ether is a fundamental token for operation of Ethereum, like other cryptocurrencies the validity of each Ether is provided by a block-chain, which is continuously growing list of records, called blocks, which are linked and secured using cryptographic hash functions. It is listed under the ticker symbol ETH and traded on cryptocurrency exchanges How ETH is different from bitcoin Bitcoin is a singular form of digital money where users can send, receive and hold only bitcoins. Ethereum is a smart contract platform which allows entities to leverage block-chain technology to create numerous different digital ledgers and can be used to create additional cryptocurrencies that run on top of its block-chain. For example, Ethereum can be used to create tokens that are pegged 1:1 with the value of the United State Dollar (

Cryptocurrencies are for all

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  Since the invention of first cryptocurrency the overall cryptocurrencies market has evolved from time to time and has reached to total market capitalization of around 237.1 billion U.S. dollars. Crypto market capitalization grew significantly during year 2016 to 2018 from 15 billion U.S. dollar to the present level. There are approximately 5,392 cryptocurrencies being traded as on 22 April 2020, out of which the top three cryptocurrencies ranked by market value are Bitcoin- worth $181.95 billion; Ethereum- worth $25.48 billion; and XRP (ripple)- worth $8.33 billion. The cryptocurrency market is decentralized, hence there is an immense potential for upside move. The market capitalization of total cryptocurrencies will surpass its previous top of $566.26 billion during year 2017; and expected to reach $1.00 trillion mark by 2023. The usage of cryptocurrencies are widening from private transactions to low-cost money transfer; sending non-cash remittances; travel the worlds; and even to