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
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  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.

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Malware From The Pirate Bay May Hijack Website To Steal Crypto

The movies downloaded from The Pirate Bay bring a malware to the user’s computer. That was the conclusion reached by a security researcher, with the nickname  0xffff0800 in Twitter. He told that when he downloaded a movie ‘The Girl In The Spider’s Web’ from TPB, a .LNK shortcut with CozyBear malware got to his computer.

However, the Cozy Bear malware is just a decoy, the real thing that brings damages is Powershell commands. Once the malware reaches the computer, it carries out malicious actions, like disabling Windows Defender and installing viral extensions in Firefox and Chrome browsers. Moreover, it edits the appearance of the website on the user’s computer.

The movie is an application itself which links the computer to the external malicious servers.

Source: Bleeping Computer

Moreover, the newly installed viral extensions can modify the JavaScript code and add some advertisements to the main page, like it is shown below.

Source: Bleeping Computer

What is the most dangerous is that the malware can edit the appearance of the web page and add or change the information without the user’s awareness, this ability allows the malware to steal the crypto. For example, if the user open Wikipedia page on a compromised system, he/she is likely to see the message saying “Wikipedia now accepts donations in form of bitcoin” and a ‘DONATE’ sign. All the donations will go to the hacker.

Source: Bleeping Computer

In addition, the malware is able to change crypto wallet addresses provided on the pages. Unfortunately, you will not even notice how the hacker stole your money.

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Cryptocurrency Prices Today, January 18: Cryptocurrencies Are Relatively Stable

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

According to the Coingecko online platform, Bitcoin (BTC) added 1% over the past 24 hours. The price at the time of writing is $3611 per coin.

Cryptocurrencies are demonstrating both slight increase and decrease:

Bitcoin Cash added 0.61% over the past 24 hours and costs $129 per coin;

Ripple grew by 0.21% and costs $0.32;

EOS increased by 2.72%, and its price is $2.51;

Litecoin gained 1.1%, and its value is $31;

Cardano added 1.62%, and its cost is $0.046;

Stellar gained 2.44% and costs $0.10;

IOTA increased by 5.41%, and its cost is $0.31;

Dash grew by 2.21%, and its price $72;

Monero became more expensive by 0.35% and costs $45.

Over the past 24 hours, Ethereum added 0.66%. The rate of the coin is $123.

The total market capitalization is $122 billion. Bitcoin accounts for 52.4% of the total volume. In monetary terms, this is $64 billion.

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BitPay Transactions Surpasses $1B in 2018, B2B Payments Records 225% Increase

BitPay is a US-based bitcoin payment provider which has recently announced its financial results of the past year. The company has processed over $1 billion in transactions alone. Moreover, its B2B payments record 225% increase in compare to 2017.

The main reason of such a lift-off is that Bitpay added a lot of new clients, like Dish Networks, HackerOne, and the State of Ohio, as well as many other law firms, data center providers, and IT vendors.

The CEO of BitPay, Stephen Pair, commented on this development:

“BitPay’s B2B business continues to grow rapidly as our solution is cheaper and quicker than a bank wire from most regions of the world. To process over a $1 Billion for the second year in a row despite Bitcoin’s large price drop shows that Bitcoin is being used to solve real pain points around the world.”

BitPay mostly supports Bitcoin transactions, however, it also supports payments with Bitcoin Cash, Gemini, and Paxos. During that year a lot of companies had to lay off their employees due to the market situation, yet, Bitpay conversely increased its manpower by 78 percent in the past year.

In addition, BitPay is attractive to the investors, in 2018, it raised $40 million in Series B funding round taking the total raised capital to $70 million.

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Is Bank of America Going to Cooperate with Ripple?

As we all know, the crypto market is still in a deep recession. The collapse of cryptocurrencies at the end of last year negatively influenced all coins, however, some of them suffer less than others.

One of such coins was Ripple. Not only did it manage to outrun Ethereum in the rating, its blockchain platform keeps being implemented widely by the world’s largest companies in various spheres.

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Recently, there appeared rumors on the Internet, saying that the second largest financial institution, Bank of America, might be considering forming a partnership with Ripple Labs and incorporating the blockchain technology into its system, according to Fintech News.

Currently, the bank is using SWIFT technology for international transactions, which proved to be quite inconvenient, slow and insecure.

It is still unclear whether Bank of America wants to fully apply Ripple technology or create a similar app, but its main intention is to let the customers make transaction between various banks in a safer and easier way.

Neither of the sides have officially commented on the matter so far.

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Cryptocurrency Prices Today, January 17: Cryptocurrencies Are on the Border of the Red and Green Zones

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

According to the online platform Coingecko, Bitcoin (BTC) lost 0.8% over the past 24 hours. The price at the time of writing is $3582 per coin.

Some cryptocurrencies slightly decreased, others added in price a little:

Bitcoin Cash lost 2.6% over the past 24 hours and costs $126 per coin;

Ripple dropped by 1.1% and is $0.32 in rate;

EOS added 0.34%, and its price is $2.44;

Litecoin decreased by 2.66%, and its value is $30;

Cardano grew by 1.3%, and its cost is $0.044;

Stellar fell by 1.73% and costs $0.10;

IOTA lost 3.42%, and its value is $0.29;

Dash dropped by 0.52,% and its price is $71;

Monero became more expensive by 1.21% and costs $45.

Over the past 24 hours, Ethereum lost 2.17%. The exchange rate of the coin is $121.

The total market capitalization rose to $121 billion. Bitcoin accounts for 52.4% of the total volume. In monetary terms, it is $63 billion.

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Crypto Exchange Bittrex Partners With Bitsdaq To Conquer Asia Market

One of the biggest US-based cryptocurrency exchanges, Bittrex, announced that it was partnering with Bitsdaq to open a special trading platform in Asia. This platform will provide different digital assets to the Asian investors.

Moreover, Bitsdaq will operate on Bittrex technology and will be built based on Bittrex’s experience in the blockchain.The platform will allow users to trade various digital tokens, including tokens a available on the Bittrex exchange.

The Chairman and CEO of Bitsdaq, Ricky Ng, said:

“We are honored to bring Bittrex’s extensive cryptocurrency options to the Asia market.….It takes a unique combination of advanced technology and financial expertise to launch an efficient, reliable and secure platform for trading digital assets in Asia. We found the ideal partner to help provide a safe environment for our customers and the entire community.”

In accordance with the statement, the Bitsdaq platform will control a lot of things connected to the management of the platform, such as customer support, marketing, sales and customised development. In addition, it will take care of customer operations.

The day of the launch is yet to be announced, though customers can pre-register for an account on Bitsdaq’s website.

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