The exponential increase in Bitcoin over the past few months has led to the interest of investors. Coffee from the stock exchange tells you how to invest in crypto currencies. operation, usage and recommendations, discover everything you need to know before investing in these currencies that have nothing more than virtual.CRYPTO currency and virtual currency: What is it?
Translate a crypto currency
Crypto currencies are defined as both a cryptographic currency and a peer-to-peer payment system. It is therefore a question of virtual currencies in the sense that the latter are characterized by a lack of physical support: neither coins nor notes and payments by cheque or credit card are not possible either.These are alternative currencies that have no legal course in any country in the world. Their value is not indexed on the price of gold or on that of conventional currencies, nor are they regulated by a central body. And yet, security and transparency are their main strengths! For in fact cryptography secures transactions that are all verified and recorded in a public domain, ensuring both confidentiality and authenticity, thanks to the blockchain technology.The blockchain: basic technology of the crypto currency
Crypto-currencies are all based on the same principle: the blockchain. Crypto currencies are a series of digits stored on a computer in the form of block chains. The principle is actually quite simple and particularly well explained in the article published in the echoes Bitcoin and crypto currencies, new digital coins: "Take a database." Allow anyone to make changes in this database, only if they declare themselves "member". Put in place a very long and very complex control procedure that needs to be done every time a certain number ("block") of changes is requested. This procedure is performed not by a single controller, but by all voluntary "members". Once validated, the "block" of changes is dated and added to the others in the registry. Finally, allow the registry to read to everyone, and you have a database in block string.
Ranking of the virtual currency according to its market valuation
The main crypto currency is the Bitcoin that has just known a "fork" in early August. A disagreement in the Bitcoin community with respect to the speed of transactions resulted in the birth of a new currency: Bitcoin Cash, which then immediately hoisted into the third position of the Top 10 crypto-currencies.Indeed, in parallel with Bitcoin, there are many other crypto currencies such as Ethereum, for example, which has also known a "fork" last summer. You can also cite me, ZCash, Litecoin or Ripple. It will be held that the crypto currencies are numerous, that new ones can see the day and challenger the heavyweights of the sector but also that disagreements within a community can lead to a "fork" (French fork), or a split within the Community and the creation of a new currency from the technology of the old but by making changes.
Coinmarketcap.com has carried out a ranking of crypto-currencies according to their stock market valuation.Here is a state of play on August 9, 2017 shortly after the launch of Bitcoin Cash:
- Bitcoin
Creation Date: 2009Market capitalization as of August 9, 2017:54, $117 billion
- Ethereum
Creation Date: 2015Market capitalization as at August 9, 2017: $26.920 billion
- Ripple
Creation Date: 2012Market capitalization as of August 9, 2017: $6.977 billion
- Bitcoin Cash
Creation Date: July 2017Market capitalization as of August 9, 2017: $5.37 billion
- Litecoin
Creation Date: 2011Market capitalization as of August 9, 2017: $2.516 billion
- NEM
Creation Date: 2015Market capitalization as of August 9, 2017: $2.438 billion
- Dash
Creation Date: 2014Market capitalization as of August 9, 2017: $462 billion
- IOTA
Creation Date: June 2017Market capitalization as of August 9, 2017: $1,453,000
- Ethereum Classic
Creation Date: July 2016Market capitalization as of August 9, 2017: $1.445 billion
- NEO
Creation Date: September 2016Market capitalization August 9, 2017: $937 million