Cryptocurrencies, also termed as digital or virtual currencies are considered as a form of asset and the currency is designed to work as an exchange medium.
Cryptocurrencies use strong cryptography to secure the financial transactions. All these cryptocurrencies work on the blockchain technology which is a decentralised system.
Bitcoin is the first blockchain based cryptocurrency and is the most popular and valuable. The popularity of Bitcoin has given birth to hundreds of alternate cryptocurrenies designed with various specifications and functions.
In order to make a place and be considered as successful coin in the crypto market, these cryptocurrencies are ranked based on few criteria or values such as the market cap value, price, circulating supply of cryptocoins and maximum supply of crytocurrencies.
If the crypto coin holds the maximum market cap value along with the maximum and circulating supply then the coin stands first in the race. Bitcoin is one such coin which stands in first place so far and still continues to be in the same place followed by Ethereum and Bitcoin Cash.
MrBtc.org – This is the original source of the infographic.
This infographic is inspired from TechCrunch.com
The post Infograph: The 33 top cryptocurrencies in four words or less appeared first on Payments Cards & Mobile.