Crypto Market News Today: What You Need to Know

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Bitcoin

Bitcoin is the world’s first and most well-known cryptocurrency, with a market capitalization of over $100 billion as of 2018. Bitcoin was created in 2009 by an anonymous individual or group of individuals known as Satoshi Nakamoto. Bitcoin is a decentralized, peer-to-peer digital currency that can be used to buy goods and services online. Transactions are recorded on a public ledger called a blockchain, and Bitcoin is often used as a investment or store of value.

Ethereum

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

In the Ethereum protocol and blockchain there is a price for each operation. The general idea is that developers will pay for transactions to be processed on the network, thus creating an economy of “gas”, or units of processing power.

It’s important to note that while Ether is the currency of the Ethereum network, it is only one of many assets that can be traded on Ethereum’s decentralized exchange.

In addition to Ether, there are EthereumTokens (ERC20 tokens), which are assets that are meant to represent something else (often real-world assets like gold or shares in a company). These tokens can be traded on the Ethereum decentralized exchange.

Litecoin

Litecoin is a cryptocurrency that was created in 2011 by Charlie Lee. It is similar to Bitcoin in many ways, but it is faster and cheaper to transact. Litecoin is often referred to as the “silver” to Bitcoin’s “gold.”

In recent months, Litecoin has seen a huge surge in price and market capitaization. This surge is largely due to the increasing adoption of cryptocurrency and the increasing interest in Litecoin specifically.

If you’re interested in learning more about Litecoin, be sure to check out our guide on How to Buy Litecoin.

Bitcoin Cash

Bitcoin Cash is a cryptocurrency that was created in August 2017. It is a fork of Bitcoin, meaning that it is based on the same code as Bitcoin, but with some changes. The most notable change is the block size, which is 8 times larger in Bitcoin Cash. This allows for more transactions to be processed per block, and so Bitcoin Cash can handle more transactions overall.

Bitcoin Cash was created because some people in the Bitcoin community thought that Bitcoin was not scalable, and that it needed to be improved in order to allow for more transactions to be processed. There was a lot of debate about this within the community, and eventually, a group of people decided to fork Bitcoin and create Bitcoin Cash.

Since its creation, Bitcoin Cash has become one of the most popular cryptocurrencies, and is ranked 4th by market capitalization.

Ripple

Ripple is one of the biggest names in cryptocurrencies, and today its market capitalization is $13.8 billion. Ripple’s XRP token is the third-largest cryptocurrency by market cap, after Bitcoin and Ethereum. Ripple is a distributed ledger protocol that allows for fast, secure, and low-cost transactions. The protocol has been designed to work with existing financial infrastructure, such as banks and payment processors. Ripple has partnerships with several major financial institutions, including American Express, Santander, and UBS.

Binance Coin

Binance Coin is a cryptocurrency with a value that is pegged to the US Dollar. The coin is used to trade on the Binance exchange and can be used to pay for transaction fees and other services on the Binance platform. The Binance Coin is an ERC20 token based on the Ethereum blockchain.

Cardano

Cardano is a decentralized public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a global collective of expert engineers and researchers. The project is jointly managed by three organizations: the Cardano Foundation, IOHK, and Emurgo.

Cardano was founded in 2015 by Charles Hoskinson, Jeremy Wood, and John O’Connor with the goal of buildling a more robust and user-friendly cryptocurrency ecosystem. Cardano uses a unique Proof-of-Stake algorithm called Ouroboros which eliminates the need for energy intensive mining operations.

The Cardano project is currently in its development phase with plans to releasing its mainnet in the near future.

Polkadot

The Polkadot project is a decentralized network that enables the transfer of any type of data or asset. It is built on a unique consensus algorithm that allows different blockchains to interoperate with each other. This makes it possible for different blockchain applications to work together, which opens up a whole new range of possibilities.

Chainlink is a decentralized oracle network that provides reliable, tamper-proof data for smart contracts on any blockchain. By aggregating data from numerous sources and validating it through multiple independent nodes, Chainlink ensures that its users always have access to trustworthy information.

With Chainlink, developers can build apps that require data from external sources, such as pricing information from exchanges or weather data from weather stations. This allows them to create truly decentralized applications that are not reliant on any single entity for data.

Chainlink is currently live on Ethereum mainnet, and its native token, LINK, is used to pay node operators for providing data to the network. The team is also working on implementations for other blockchains, such as Bitcoin and Polkadot.

Bitcoin SV

BTCSV, or Bitcoin Satoshi Vision, is a cryptocurrency that forked from Bitcoin Cash in November 2018. At the time of the fork, Bitcoin Cash itself had only recently forked from Bitcoin. The BTCSV team believes that the original vision for Bitcoin was lost when the cryptocurrency was taken over by Core developers. They aim to restore this vision by increasing the block size and returning to Satoshi Nakamoto’s original roadmap. BTCSV is currently the 6th largest cryptocurrency by market cap.

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