@Valryan14 25 September 2020

The 3 Most Famous Cryptocurrencies in the World

People are now focusing on any trends that is going on in the internet especially when it comes to the Digital world. The increase of acceptance of cryptocurrency has drastically risen up due to Covid19 and people are now studying all about cryptocurrencies and what are the cryptocurrencies that is worth the investments. Here are the 3 most famous cryptocurrencies that are worthy to learn. **BITCOIN**

Currently the most famous and valuable cryptocurrency in the world that was developed by a Japanese programmer named **Satoshi Nakamoto** way back in 2009. This was the first ever decentralized virtual currency that has been developed and behind it was the technology of blockchain- a public ledger payment technology. Bitcoin was developed to be not controlled by anyone and only occurs through **MINING** - only occurs by using a program that solves mathematical algorithms in a computer processor. There are lots of ways for you if you ever want to add Bitcoin in your investment plans. You can do **trading** and **mining**. You can trade Bitcoin in any popular exchanges like BINANCE and HUOBI. You can use it to buy low value cryptocurrency and sell it when its price goes up. As of the moment, Bitcoin's strong reputation has drastically rise that it is even accepted by huge retailers as a payment method. As for mining, bitcoin's popularity in it is growing rapidly. Miners are competing to the program to have a chance of verifying the next payment's block. Miners are using their computers to solve the algorithms to find the code '**HASH**'. To miners who can discover the code will be rewarded a small amount of bitcoins. If you want to acquire this, it will require you a great power processing of your computer and it will cost a lot of electricity. Currently, the value of 1 Bitcoin is around $**11,000.00**. Those who have bought this when its value was still a penny and hold until 2018 could have been millionaires by now. **ETHEREUM**

Ethereum is a software platform that aims to act as a decentralized Internet as well as a decentralized app store. A system like this needs a currency to pay for the computational resources required to run an application or a program. This is where ‘Ether’ comes into play. Ether is a digital bearer asset and it doesn’t require a third party to process the payment. However, it doesn’t only operate as a digital currency, it also acts as ‘fuel’ for the decentralized apps within the network. If a user wants to change something in one of the apps within Ethereum, they need to pay a transaction fee so that the network can process the change. Source: **Forex-rating** https://www.forex-ratings.com/cryptocurrencies-rating/ethereum/ The big difference about the two platforms of Ethereum and Bitcoin is all because of what they are capable of and their purposes. Because of the **SMART CONTRACTS,** Ether can let people only not to create currency but also applications that are decentralized. Decentalized applications are very attractive to players with large technologies like Microsoft Company. Because of the drastically rose of Ethereum's value in 2017, this makes the cryptocurrency as the **2nd most famous** in the digital world next to Bitcoin. Ethereum is a decentralized system, which means it is not controlled by any single governing entity. An absolute majority of online services, businesses and enterprises are built on a centralized system of governance. This approach has been used for hundreds of years, and while history proved time and time again that it’s flawed, its implementation is still necessary when the parties don’t trust each other. Source: **Forex-rating** https://www.forex-ratings.com/cryptocurrencies-rating/ethereum/ Just like the famous Bitcoin, Ethereum is also a decentralized cryptocurrency. This also means that no one has the control of its value except from the thousands of volunteer's computer in the world. **BITCOIN CASH**

The first appearance of Bitcoin Cash was on August 01, 2017. This cryptocurrency was the result of the separation into two chains of Bitcoin Network. Speeding up the process of any transactions on the network was the main goal of Bitcoin Cash as its block is 1.915 MB that's almost 2 times the size in the source. During Bitcoin Cash' second day of trading, it has already makes its price up to 300% and currently the 3rd in the market among other cryptocurrencies for the most famous and capitalized currency. As of today, there are no consensus explaining the split of two currency as some of the crypto exchanges haven't recognise the other side of Bitcoin. Others think that the cryptocurrency will only dissappoint Bitcoin and can damage its reputation. While others believe that not in the far future, **BITCOIN CASH WILL ACCELERATE THE SCALING PROCESS OF TECHNOLOGY AND WILL ACCELERATE OTHER CRYPTOCURRENCY**. **WE** believe that time will come that **BITCOIN CASH** will be the most used currency in any transactions in the world.