Welcome to AMP Crypto News! Here you’ll find the latest news and developments in the world of cryptocurrencies and blockchain technology. Stay up-to-date on all the latest news, prices, and events in the crypto world with our articles, stories, and posts.
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In today’s top stories, we take a look at the latest news on theAMP crypto currency.
Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.
Bitcoin Cash (BCH) is a cryptocurrency that was created as a result of a fork of the Bitcoin blockchain on August 1, 2017. The main difference between the two is that Bitcoin Cash increased the size of each block on the blockchain from 1 megabyte to 8 megabytes. This allowed for more transactions to be processed per block, and therefore reducing transaction fees and increasing transaction speed.
Litecoin is a cryptocurrency that was created in 2011 as a fork of the Bitcoin blockchain. Litecoin is similar to Bitcoin in many ways, but it has a faster block generation rate and uses a different proof-of-work algorithm.
Litecoin was one of the first altcoins to appear on the market after Bitcoin. It has always been in the top 5 cryptocurrencies by market capitalization and is currently ranked 4th with a market cap of $8.8 billion.
Litecoin has had a very positive price history, and it has even been referred to as “the digital silver to Bitcoin’s digital gold.” While Litecoin’s price has not risen as dramatically as Bitcoin’s in recent years, it has still seen significant growth, especially in 2017 when its price rose from $4 to $370!
Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native cryptocurrency called XRP (ripples). Released in 2012, Ripple purports to enable “secure, instant and nearly free global financial transactions of any size with no chargebacks.” It supports tokens representing fiat currency, cryptocurrency, commodities or other units of value such as frequent flier miles or mobile minutes.
AMP Crypto News rounds up some of the biggest stories in blockchain and cryptocurrency today. Stay up to date on all the latest news in the space with AMP’s daily digest.