WHAT IS DIGITAL CURRENCY

A BROAD NAME USED FOR ALL DIGITAL CURRENCIES THAT USE BLOCKCHAIN TECHNOLOGY AND ART CREATED AND STORED IN THE BLOCKCHAIN, AND WORK ON A PEER-TO-PEER BASIS.

There are currently over 800 cryptocurrencies, and each differs in terms of the consensus protocol used, the way information is stored, the algorithms used for hashing, real-world applications, etc.

NO PHYSICAL FORM
NO INTRINSIC VALUE
DECENTRALIZED

WHAT IS BLOCKCHAIN TECHNOLOGY?

Transparent: an open, distributed ledger records all transactions in a network, which can be viewed by anyone

No Central Authority: peer-to-peer network, distributed and owned by everyone in the network. No single point of failure

Verifiable & Permanent – miners validate transactions which are added to the blockchain. Historical data is  essentially immutable

Encrypted – uses encryption techniques to control the creation of units and to verify transactions

how blockchains work?

01
01
TRANSACTION REQUEST, SENT TO BLOCKCHAIN NODES
01
02
NODES VALIDATE THE TRANSACTION USING CRYPTOGRAPHY AND ALGORITHMS
01
03
ONCE VERIFIED, THE TRANSACTION WILL BE ADDED TO THE BLOCKCHAIN
01
04
TRANSACTION
COMPLETE
01
03

WHY INVEST in Digital Currency?

2015

Blockchain gains wider acceptance. Corporations push development of other uses around the technology.

Debate starts around limitations
to BTC block size, which allows only
7 transactions per second

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ALTCOIN

Any digital cryptocurrency that is not Bitcoin, so it is an “Alternative to Bitcoin”. While many Altcoins are very similar to Bitcoin with some modification, other Altcoins may have completely different applications such as a digital ledger of land titles and asset ownership, distributed file storage systems, energy usage, etc.

ETHEREUM

An open-source software platform that uses blockchain technology, and features smart contract functionality. It allows developers to build and deploy decentralized applications. Miners work to earn ‘Ether’ the token used to fuel the network.

LARGEST CRYPTOCURRENCIES BY MARKET CAPITALIZATION

Rank Name Symbol Market_Cap Price_(USD) Total_Supply Volume_(24h) Change_(1h) Change_(24h) Change_(7d)