Kinds of Cryptocurrency: The Most Innovative and Popular Coins

When the vast majority of people hear the word “cryptocurrency”, they immediately think about Bitcoin. But participants of the market and more advanced users know that nowadays there a lot of different tokens and coins (1960 items to be exact). In this article let’s speak about the most popular cryptocurrencies which are the most prominent ones.

Content
(please, click the topic to scroll down to it)

  1.  Bitcoin
  2.  Ethereum
  3.  Ripple
  4.  Litecoin
  5.  Dash
  6.  NEM
  7.  The present and the future of cryptocurrency
  8.   Conclusion

1. Bitcoin

This cryptocurrency was heard about by everyone, it is a progenitor of digital coins. Nowadays Bitcoin occupies over 55% of the capitalization the cryptocurrency market. As of 17 September 2018, Bitcoin capitalization is almost 109 billion USD.

The most important problem of the coin is scaling. As the user base has increased, sometimes there can be transaction delays, which can last for several hours, even for a day, in some cases.

Bitcoin is one of the stablest coins (except stablecoins), for example, during fundamental correction in 2018 it lost about 70% of its highest price so that most altcoins fell by 80% and even 90%. It should be noticed that most cryptocurrency investors prefer Bitcoin. The coin has the widest dissemination among other cryptocurrency.

2. Ethereum

Ethereum has the most innovative technological base it is often named cryptocurrency 2.0 or the currency of “smart contracts”. The coin was created in 2015, nowadays it ranks second  in the global rating CoinMarketCap with the capitalization level of a little more than 21 billion USD.

The main feature of this cryptocurrency is the possibility to create tokens on its basis. The launch of Ethereum has provoked a boom of new decentralized projects and the growth of all cryptocurrency market.

Another important part of the platform Ethereum is the support of smart contracts, which can be involved almost in any sphere of activity. The mediator is not required, because smart contract will be a fair referee two parties.

 Ethereum’s bandwidth s bigger than the other coins have. The generation of new blocks takes up 10-15 seconds, whereas it takes 10 minutes for bitcoin. The main problem of Ethereum is the inflation which is 10% per year. The team of developers is solving this problem, they are planning the migration to PoS protocol, it will help to drop inflation rate.

3. Ripple

Ripple is the fastest cryptocurrency in the world, it can make about 50 thousand transactions per second, for example, bitcoin makes 7 transactions per second. This coin is in Top-3, now its capitalization is a little less than 11 billion USD.

This coin can’t be mined, the project isn’t decentralized, it’s a little bit contrary to cryptocurrency principals. The main function of the Ripple is the implementation in the banking sector, the increasing of transaction’s speed and cost-saving for its carrying out. For instance, the average bank which makes 300 thousand transactions per year, using Ripple technology, will be able to save 1 million USD. This project already cooperates with several largest banks in the USA, this proves that it works.

4. Litecoin

This coin is “an improved” version of Bitcoin. The core of Litecoin is a somewhat modified to original code of Bitcoin. Such coins are called hardfork. Such refined clones of BTC include  Bitcoin Cash, Litecoin, Bitcoin Gold etc.

Now the coin ranks seventh with general capitalization of more than 3 billion USD. Litecoin is digital money for fast transactions.

The thing is that the generation of a new block takes up four times less than the time in original Bitcoin.

5. Dash

This is the most popular coin in the Darknet (the hidden part of the net). The thing is that Dash is absolutely anonymous cryptocurrency. For example, all data about users’ transactions are published in a register of Bitcoin. Making transactions in BTC, it is impossible to count on total anonymity. Another feature of Dash, transactions’ data aren’t published in blocks of this coin. Operators are responsible for their processing they get the rewards for it.

6. NEM

The main difference of cryptocurrency NEM is a unique protocol Pol (Proof of Importance). Only users who takes part in system’s life and also have better reputation can generate blocks more often.

Nowadays NEM ranks 18th in the global rating of CoinMarketCap with the capitalization of 763 million USD.

7. The present and the future of cryptocurrency

This year was painful enough for cryptocurrency market, its total capitalization decreased by 4.5 times, many coins lost 70-90% of their value. Now pessimism and despair prevail in mass media. It doesn’t mean that it is the end for cryptocurrency. If we analyze it carefully, we will come to the absolutely opposite conclusion. Experts estimate that cryptocurrency will be an integral part of lives of hundreds of millions of people all over the world in he nearest 5-10 years. To reach this goal, a lot of work should be done. Now we can say with full conviction, that blockchain and cryptocurrency are development vector of human civilization, at least for the nearest decade.

8. Conclusion

Almost two thousand tokens and coins are represented at the digital coin market. Certainly, the vast majority of them aren’t valuable, but there is a small percentage of a real crypto brilliants which are able to make revolution in different spheres.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Three Hellish Days for Cryptocurrency: Reasons of The Fall of The Currency and What To Do Next?

The current condition of the cryptocurrency market raises a number of question from traders. For the third day, the industry is either trying to revive Bitcoin and other cryptocurrencies, or just watching the collapse of the course.

The question of what caused the collapse of the market and what should do those who still have cryptocurrency  – makes world crazy. That is why, The Coin Shark have found answers for all of these questions and analysed per minute history of the fall of currency of Bitcoin.

The Chronology of the fall from 14th to 16th November

Wednesday, November,14 , Bitcoin break another 2018 bottom.  According to data of CoinMarketCap, at 11:34 UTC the rate of the first cryptocurrency behaved stably, being at $6 365.

Nothing foretold troubles, but at 17:19 UTC began unexpected fall, which last till the 19:19 UTC, where the price of BTC remained in half-dead condition at $5 765. Therefore, the capitalisation of the marked fell to $102 billion.

After that, Bitcoin started to resist. In 20:04 UTC the currency show vital signs, increased to $5 858. But still, the end of 14th November was not a happy ending. In 22:48 UTC was settled a new record – $5 568.

Source: https://coinmarketcap.com/

If compare the data with an individual market, then on a Bitstamp the price of the BTC has already dropped to $5 534, and on the Kraken – $5 510. Last two weeks, Bitfinex exchange trade Bitcoin more than $6 000 per each unit.

It turned out, that the 14th of November was still far from the end of BTC fall. According to CoinMarketCap, Thursday, November, 15, at 17:04 UTC, Bitcoin shocked everybody with the course of $5 358. On Bitstamp the first cryptocurrency down to $5 446, and on the Bitfinex – $5 638. At this point, this is the lowest course from the end of October, 2017.

Source: https://coinmarketcap.com/

The condition of the cryptocurrency market for the last year is unstable. It is accompanied by unexpectable highs, as well as painful falls. But not only Bitcoin drop it’s price position on 14th of November. Together with it, into a deep red zone came the major part of other cryptocurrencies. In doing so, the total capitalisation fell by $190 billion.

Source: https://coinmarketcap.com/

At the writing of this article, 16th of November, the condition of the cryptocurrency market is still in critical position – the course of Bitcoin stood at $5 500, and Ethereum backed down the second place in capitalisation Ripple.

Source: https://coinmarketcap.com/

What caused the collapse?

Just think about it, less than 24 hours ago, it was possible to sell the BTC on a thousand dollar higher. Probably, it is impossible to define why “the foundation was cracked” under the cryptocurrency, as for the example it can be done in a regular market. In the digital, the effect is first  seen and only than the reason becomes known.

Reason #1: Contagious effect

On the basis of past, the cause of the fall have psychological nature.
For example, people are massively starting to buy cryptocurrencies or fanatically selling.

Reason #2 : Direct correlation

Each financial currency  pegged to its government, as for the example dollar – to the US economy. Cryptocurrency pegged with the people, which are both buying or selling it.

Reason #3: Global Bitcoin influence

Ironically, but there is a theory, that the general condition of the cryptocurrency is affected by Bitcoin. The value of all digital market is estimated in $182 billion, the $90 billion of which belongs to BTC. The majority of cryptocurrencies  should be transferred especially in Bitcoin, before the sale.
And now imagine, that selling of Bitcoin will start simultaneously several major players of the market. After this, the BTC prices are lowering, and this cause  the panic attacks more than ones: “ Buy everything and as quickly as possible, while the price is low!” – this makes the course to grow.

What should do the owners of cryptocurrency: sell or wait?

It depends on the inner aspects of each owner. Even when the course is rising – it still have cycles of fall.

Who and how will affect the collapse of rate?  

Cryptocurrency is the unstable tool. It’s system decentralised and doesn’t have the management center. Digital currency should strengthen the positions, so it can give the accurate forecast for the future. But, it appeared, that this fall will have no affect on ordinary users.

There is no denying, that in a consequence many crypto-business will close. Cryptocurrency exchange are in the minimum risk area, as in such cases the number of transaction increases.

Most of all, miners and the owners of the mining field will suffer the most. Since, the profitability depends on the price of extracted cryptocurrency. Within recent events, it is clear that mining is unprofitable occupation.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Malaysia’s Banking Group CIMB Will Cooperate With Ripple

CIMB, Malaysia’s group of banks, signed an agreement with Ripple to develop a blockchain-driven remittance platform. DLT technology will help to promote banks in the South East Asian region and will offer more convenient services, according to the press release made by Ripple CEO Brad Garlinghouse.

The bank strives for resolving urgent problems in the system by implementing Ripple’s blockchain. The problems mainly refer to slow and quite expensive settlement process.

Ripple CEO said :

“We’re seeing banks and financial institutions from across the world lean into blockchain solutions because it enables a more transparent, quicker and lower cost payments experience.”

He also added:

“Now, by integrating Ripple’s blockchain technology, [CIMB] will enable their customers to send vital funds to family, friends and loved ones more efficiently.”

They also decided that CIMB would go over its system and analyse the possibility to implement Ripple’s DLT in other spheres.

We remind you

Has Ripple’s XRP Entered Apple Pay?

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Crypto Wars: Jihan Wu vs Craig Wright, Who Gets McAfee’s Support?

The infamous hard fork of Bitcoin Cash has created some tension between the major crypto personalities in the industry. It is especially the case with the supporters of the two different BCH protocols.

One of the main “fights” has started between the CEO of Bitmain Jihan Wu and a computer scientist Craig Wright, who have repeatedly gone at each other on the social media, claiming that their vision of Bitcoin’s future is correct. Later on, the “war” was joined by John McAfee who supported Jihan Wu.

Craig Wright did not take long to respond.

Hopefully, the conflict will be settled peacefully, because the crypto industry needs all of the abovementioned people to function properly and develop.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

8 People Suspected of a Crypto Ponzi Scheme Were Arrested in Japan

According to the local news outlet, the enforcement agencies in Tokyo took 8 people in custody in connection with their possible participation in a gigantic pyramid scheme involving cryptocurrencies.

The police state that almost 6 thousand people became victims of the scheme and lost their crypto. The total amount of money stolen amounted to whopping 7.8 billion Japanese yen (almost 70 million dollars). Allegedly, the fraudsters were organizing different events and seminars and raised funds there, promising a huge return on the “investments”.

Out of 8 arrested people, 6 have already pleaded guilty. They will be charged with the violation of multiple financial regulations of Japan.

We remind you:

The Twitter Account of Google Was Hacked to Promote a Scam BTC Giveaway

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Cryptocurrency Prices Today, November 16: Cryptocurrencies Continue Falling after the Collapse

crypto prices

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coin360 online platform, Bitcoin (BTC) lost 0.87% over the past 24 hours. The price at the time of writing is $5575 per coin.

Some cryptocurrencies keep declining, others are trying to return to the green zone:

Bitcoin Cash lost 5.51% over the past 24 hours and costs $418 per coin;

Ripple added 2.55% and costs $0.47;

EOS gained  0.28%, and its price is $4.56;

Litecoin grew by 0.46%, and its rate is $43;

Cardano lost 0.50%, and its value is $0.061;

Stellar increased by 4.68% and costs $0.24;

IOTA added 0.81%, and its price is $0.41;

Dash lost 1.03% and is $138 in value;

Monero dropped by 0.62%, and its rate is $88.

Ethereum fell by 0.35% over the past day. The cost of the coin is $177.

The total market capitalization dropped significantly to $182 billion. Bitcoin accounts for 52.8% of the total amount. In monetary terms, the volume dropped to $96 billion.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Incredible History of Cryptospace Conquest

In November 2017, when the idea of conquering the news cryptospace arose, there were only 3 astronauts aboard our space ship.

The legend doesn’t tell us whether our commander understood the expression of another famous captain, “As you name the boat, so shall it float”, or just wanted us scare the hell of all the other participants of the crypto world, but he called it “The Coin Shark”.

Although our team had little idea how cryptospace ships are actually assembled, we decided to win new horizons at any price and began to prepare for the launch. This is the feeling when people ask you: “Are you ready?”, and you understand that you are not, but you still press “Start”, because when you fly up, there should be no fear.

3,2,1 – Start!

The first time we found ourselves in the universe of cryptocurrencies, we were in zero gravity. Not quite understanding how and where we should fly, we looked around to neighboring ships, until we found our own style of flying. Thanks to the imagination and talent of our graphic pilot, the shark has become the most enviable bride of the cryptospace: bright, original and visually “tasty”.

So we first learned what Bitcoin was and rejoiced at its first record mark of $20k. We got acquainted with the notion of “blockchain” and “mining,” we were no longer afraid of the word “volatility,” and we were happy to talk about this with our space readers.

Later we realized that in order to increase the speed, we need to expand our team. We began to focus on English-speaking users, and also added the Chinese version of The Coin Shark. From that moment on, our editors have been adding high-quality content fuel to our system. They added speed and multi-language to our portal.

Also, we recruited many wonderful people who work every day to ensure that the shark conquers the crypto space as professionally as possible. We are not just floating, but gaining momentum, giving a screw to our spacecraft and setting new goals.

Our team improves the content and focuses on reliable sources from different parts of the world to be the first to tell the most recent and interesting information, wrapping it in a mixture of unique space characters and comics.

We celebrate our new victories: our publications are gaining their own views records, we are invited to top world conferences dedicated to cryptocurrency and ICOs, John McAfee and Forbes CryptoMarkets read our news, we more and more  are distinguished among thousands of other media outlets about cryptocurrency.

Thank you for sharing our journey in the crypto space. In the end, but for you, dear readers, The Coin Shark simply would not exist.

Since the launch, The Coin Shark has been maneuvering every single day up to this day. And most importantly – we still have a full tank 🙂

Welcome to our cryptospace!

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/