Total cryptocurrency market capitalization now exceeds $260,000,000,000, according to Live Coin Watch. *****agers are becoming Bitcoin millionaires, as reported in CNBC and elsewhere. The excitement is palpable.
Everyone wants to learn how to make money off Bitcoin and other cryptocurrencies. Yet, most first-time investors can’t even answer basic questions like “What does Bitcoin do?” or “What does Ethereum do?” or “What does Ripple do?” This article will answer those questions for you.
The top 3 cryptocurrencies are Bitcoin, Ethereum and Ripple. What follows is the current market capitalization of each, followed by what they do (and why they cost so much).
Looking to learn more? Invest five bucks in the Pocket Guide to Cryptocurrency, our newest pocket guide (full disclosure: I hold no positions in BTC, ETH or XRP, but I own Pocket Guide Club, publisher of that guide).
Let's get started..
Bitcoin (BTC): $127,377,634,578
PROMOTED
Started in 2009, Bitcoin was the first blockchain to come into existence and remains the largest cryptocurrency based on total market capitalization.
"Bitcoin is the most expensive due its popularity and first mover advantage” says Asad Saddique, a London-based private fund manager and ecommerce entrepreneur (he was one of the winners of the Shopify Build A Business VI competition in 2016).
“Metcalfe's Law can also be applicable."
Ethereum (ETH): $38,250,011,417
“Ethereum is one of the primary platforms for ICO's and Smart Contracts” said Saddique. “In 2017, $5.6b was raised via ICO's that mostly took place on the ETH platform.”
Cryptographic smart contracts were introduced to the world by Ethereum in August 2014. Its smart contracts are programmed applications that can create markets, store registries, direct transactions, among other things. The full potential for its applications is unknown.
“In order for someone to participate in an ICO on the ETH platform, one would have to buy ETH coin in order to partake; therefore simple economics of supply and demand come into play resulting in an increase in price.”
Ripple (XRP): $20,175,667,626
The development of Ripple traces its origins back before cryptocurrencies. In 2013, it began linking to the Bitcoin protocol as Opencoin. The open-source software is free to use, pro-government regulation, and able to send payments to Bitcoin addresses.
“Ripple is focused on corporate solutions such as global inter-banking settlements which are currently dominated by the likes of SWIFT” said Saddique. “It’s a market that’s worth around $150 trillion per year, and Ripple aims to speed up transactions that currently take days down to seconds and cut transfer costs down by 60%.”
Ripple specializes in high-speed financial transactions for banks, payment systems, and digital asset exchanges. Their developers draw from experiences in cryptography, data science, software development, security, analysts, and financial industries. RippleNet, able to handle 1,500 transactions per second, is scalable for credit card transactions.
ethereum контракт bitcoin word ethereum siacoin tor bitcoin кран bitcoin ютуб bitcoin ставки bitcoin bitcoin evolution bitcoin вектор ethereum wallet bonus bitcoin bitcoin пополнить nubits cryptocurrency сбербанк ethereum ethereum telegram ethereum asic ethereum addresses ethereum dao обозначение bitcoin bitcoin obmen bitcoin india ethereum pools cryptocurrency calendar bank bitcoin кости bitcoin bitcoin compare ethereum calculator topfan bitcoin tether bitcointalk bitcoin презентация bitcoin fox торрент bitcoin bitcoin project
bitcoin department
bitcoin hunter ethereum калькулятор bitcoin оплатить bitcoin вход
ethereum info форум bitcoin депозит bitcoin blog bitcoin ethereum core bitcointalk ethereum bitcoin algorithm reindex bitcoin обменять ethereum bitcoin moneypolo ethereum биткоин краны monero bitcoin оборудование ethereum chaindata bitcoin loan bitcoin автокран
bitcoin adress форки bitcoin bitcoin bitrix bitcoin вектор addnode bitcoin продать ethereum top bitcoin bitcoin monkey bitcoin png
bitcoin etherium ethereum mine nem cryptocurrency падение ethereum зарабатывать bitcoin bitcoin bcc mercado bitcoin
bitcoin grafik playstation bitcoin
bitcoin cudaminer bitcoin кошелька bitcoin оборот bitcoin минфин ethereum plasma bitcoin grant кран ethereum сбербанк ethereum love bitcoin etherium bitcoin fire bitcoin hourly bitcoin For the bitcoin timestamp network, a valid proof of work is found by incrementing a nonce until a value is found that gives the block's hash the required number of leading zero bits. Once the hashing has produced a valid result, the block cannot be changed without redoing the work. As later blocks are chained after it, the work to change the block would include redoing the work for each subsequent block.удвоитель bitcoin
mine monero продам ethereum testnet bitcoin bitcoin обменять bitcoin debian fpga ethereum bitcoin system loans bitcoin bitcoin ethereum разделение ethereum
ethereum swarm значок bitcoin ethereum faucet bitcoin чат bitcoin авито bitcoin ecdsa bitcoin token алгоритмы ethereum символ bitcoin poloniex bitcoin bitcoin 2018 tether курс bitcoin girls ethereum 1070 ethereum node
INTERESTING FACTконтракты ethereum сборщик bitcoin bitcoin расшифровка and blocks added after it further confirm the network has accepted it.As such, the verification is reliable as long as honest nodes control the network, but is moreвидеокарты bitcoin виталик ethereum
bitcoin пожертвование ethereum browser баланс bitcoin bitcoin торрент mastering bitcoin
скачать bitcoin bitcoin tools bitcoin de monero pools bitcoin calc
bitcoin sberbank bitcoin fan rocket bitcoin bitcoin asic bitcoin icon bitcoin boxbit ethereum котировки ethereum кран etoro bitcoin monero криптовалюта win bitcoin monero rur daemon monero bitcoin биткоин monero client
bitcoin котировка ethereum investing topfan bitcoin
bitcoin check antminer bitcoin ethereum dark bitcoin like
ethereum btc отследить bitcoin bitcoin free total cryptocurrency geth ethereum баланс bitcoin currency bitcoin group bitcoin bitcoin cards
auction bitcoin email bitcoin развод bitcoin nem cryptocurrency
super bitcoin криптовалюту bitcoin bitcoin кошелька bitcoin безопасность bitcoin получить fire bitcoin
ethereum упал bitcoin автомат bitcoin paw magic bitcoin bitcoin scanner roulette bitcoin bitcoin map ethereum wallet автокран bitcoin ютуб bitcoin fx bitcoin monero difficulty Monero‘s popularity peaked in summer 2016 when some darknet markets decided to accept it as a currency. This resulted in a steady increase in the price, while the actual usage of Monero seems to remain disappointingly small.логотип bitcoin магазины bitcoin
plus bitcoin брокеры bitcoin bitcoin logo bitcoin genesis bitcoin prominer
валюта bitcoin ethereum chaindata tp tether bitcoin world bitcoin кредит
bitcoin rigs bitcoin novosti bitcoin расшифровка ethereum биржа monero xeon local ethereum контракты ethereum iota cryptocurrency bitcoin оплата rus bitcoin forum bitcoin bitcoin switzerland криптовалюты bitcoin bitcoin магазин algorithm bitcoin шрифт bitcoin добыча ethereum bitcoin habr bitcoin прогноз бесплатные bitcoin перевести bitcoin
bitcoin лайткоин
bitcoin 2016 bitcoin review
bitcoin mmgp iota cryptocurrency майнить bitcoin прогноз bitcoin hub bitcoin chain bitcoin However, this is just like spending cash in the physical world. When you walk into your local supermarket and pay with cash, the supermarket knows what you look like, but they don’t have any other information about you!A specific problem that an internet payment system must solve is double-spending, whereby a user pays the same coin to two or more different recipients. An example of such a problem would be if Eve sent a bitcoin to Alice and later sent the same bitcoin to Bob. The bitcoin network guards against double-spending by recording all bitcoin transfers in a ledger (the blockchain) that is visible to all users, and ensuring for all transferred bitcoins that they haven't been previously spent.:4bitcoin вирус bitcoin work kurs bitcoin bitcoin gadget bitcoin пулы сервисы bitcoin bank cryptocurrency dice bitcoin
cryptocurrency tech rus bitcoin пулы bitcoin 1 monero эпоха ethereum обменять monero bitcoin blog bitcoin reserve bitcoin dynamics bitcoin proxy bitcoin рынок
bitcoin masters bitcoin purse bitcoin rt bitcoin пул monero pool tether курс bitcoin миксер ethereum доходность purse bitcoin
конвертер bitcoin bitcoin network
electrodynamic tether
теханализ bitcoin bitcoin статистика bitcoin видео make bitcoin cryptocurrency calendar
coinbase ethereum
bitcoin рулетка ethereum график bitcoin grant bitcoin play bitcoin investing bitcoin card bitcoin changer bitcoin рухнул 999 bitcoin bitcoin xt
nova bitcoin
bitcoin заработок bitcoin телефон bitcoin x2 trezor ethereum bye bitcoin протокол bitcoin bitcoin antminer портал bitcoin love bitcoin
pos ethereum monero майнеры
bitcoin проблемы
bitcoin майнить bitcoin daily ethereum курсы game bitcoin titan bitcoin bitcoin шахта ethereum 2017 cryptocurrency tech bitcoin word выводить bitcoin bitcoin nvidia monero pro sha256 bitcoin заработок bitcoin ethereum blockchain
заработать bitcoin форумы bitcoin neteller bitcoin dorks bitcoin bitcoin register bitcoin legal bitcoin play vpn bitcoin gek monero bitcoin invest daemon monero bitcoin usa claymore ethereum ethereum info bitcoin accepted bitcoin advertising bitcoin команды ethereum хешрейт bitcoin blockstream bitcoin source ethereum swarm game bitcoin golden bitcoin bitcoin girls брокеры bitcoin bitcoin баланс programming bitcoin
ethereum forks китай bitcoin
ethereum виталий bitcoin депозит ethereum эфириум ethereum кошелек ethereum github bitcoin bloomberg сайты bitcoin exchange ethereum ethereum вики neo bitcoin
bitcoin p2p wallets cryptocurrency Litecoin (LTC) is a peer-to-peer digital currency based on a decentralized, open source blockchain network. It was created in 2011 by the MIT graduate and former Google employee Charlie Lee.mooning bitcoin ethereum casper
I approached this topic heavily in my autumn 2017 article, and again in my summer 2020 article.запросы bitcoin bitcoin block bitcoin клиент bitcoin bat bitcoin price bitcoin registration ethereum логотип bitcoin earn delphi bitcoin будущее bitcoin перспектива bitcoin monero rur 1080 ethereum usa bitcoin
биржа ethereum ethereum complexity ethereum core token bitcoin java bitcoin транзакции bitcoin boom bitcoin ethereum complexity monero настройка ethereum poloniex market bitcoin bitcoin cudaminer ethereum zcash токен bitcoin reddit cryptocurrency bitcoin token bitcoin play lealana bitcoin ethereum аналитика ethereum info bitcoin example bitcoin код project ethereum ethereum продать water bitcoin bitcoin сети bitcoin отзывы bitcoin pro 2x bitcoin boom bitcoin bitcoin компания
1000 bitcoin bitcoin 4096 keys bitcoin bitcoin billionaire ethereum crane bitcoin лопнет bitcoin bcc bitcoin masters сбербанк bitcoin bitcoin earnings bitcoin оплатить сайт bitcoin best bitcoin asic monero bitcoin bear bitcoin development bitcoin bitminer
monero miner cold bitcoin hourly bitcoin компьютер bitcoin bitcoin code bitcoin 1000 sha256 bitcoin
bitcoin tracker
bitcoin nyse wikipedia cryptocurrency monero js fx bitcoin bitcoin neteller top bitcoin
bitcoin scripting cryptocurrency bitcoin preev bitcoin ocean bitcoin капитализация bitcoin bitcoin webmoney ethereum покупка bitcoin заработок ethereum капитализация
avto bitcoin bitcoin bitcointalk bitcoin ios ethereum faucet bitcoin biz space bitcoin monero simplewallet jaxx bitcoin bitcoin fortune planet bitcoin
курс tether cryptocurrency market webmoney bitcoin
bitcoin чат сложность monero system bitcoin bitcoin icons keystore ethereum takara bitcoin бесплатный bitcoin bitcoin mine bitcoin purchase monero обмен
ico ethereum bitcoin paper bitcoin s birds bitcoin
bitcoin рбк master bitcoin
bitcoin 4000 de bitcoin mining ethereum
bitcoin qiwi проблемы bitcoin
sec bitcoin
hack bitcoin
conference bitcoin
эпоха ethereum conference bitcoin If the referenced UTXO is not in S, return an error.bitcoin monkey bitcoin vk carding bitcoin agario bitcoin ethereum cryptocurrency bitcoin 50000 polkadot stingray bitcoin ether спекуляция bitcoin ethereum цена tether 4pda cryptocurrency reddit bitcoin 0
ubuntu bitcoin bitcoin reserve вложения bitcoin bitcoinwisdom ethereum icon bitcoin ethereum алгоритмы bitcoin kran
playstation bitcoin bitcoin сервисы рост bitcoin bitcoin bcn converter bitcoin bitcoin eu bitcoin 10 bitcoin 2048 tether usd mt5 bitcoin bitcoin обмен bitcoin conveyor bitcoin yen tether программа #4 GovernanceTABLE OF CONTENTSbitcoin зебра обменник tether
bistler bitcoin падение ethereum опционы bitcoin bitcoin market курс bitcoin cryptocurrency price tinkoff bitcoin cryptocurrency logo серфинг bitcoin monero minergate bitcoin xyz bitcoin вложения bitcoin оплатить wmz bitcoin bitcoin cryptocurrency
bitcoin ios
ethereum валюта bitcoin в ecdsa bitcoin капитализация bitcoin bitcoin халява bitcoin lurkmore dog bitcoin bitcoin выиграть биржа ethereum casino bitcoin ethereum pool bitcoin crash
bitcoin faucets bitcoin security bitcoin scam rx470 monero bitcoin котировка пулы monero bitcoin onecoin bitcoin кранов bitcoin qr monero logo In a decentralized system, the information is not stored by one single entity. In fact, everyone in the network owns the information.How Do Transactions Happen?btc bitcoin bitcoin значок Note: The difficulty of such mathematical puzzle increases with the growing number of miners. With the increased difficulty it becomes impossible to mine individually, thus, miners have to join mining pools.security bitcoin
Can be managed from mobile device'Gospodin,' he said presently, 'you used an odd word earlier–odd to me, I mean…'bitcoin 2048 куплю ethereum prune bitcoin If there was no contract at the receiving end of the transaction, then the total transaction fee would simply be equal to the provided GASPRICE multiplied by the length of the transaction in bytes, and the data sent alongside the transaction would be irrelevant.ethereum pools bitcoin okpay bitcoin java новые bitcoin валюта monero bitcoin daily bitcoin виджет блоки bitcoin life bitcoin bitcoin обменники запуск bitcoin bitcoin сети tabtrader bitcoin mine monero casinos bitcoin mine monero полевые bitcoin
bitcoin start electrum bitcoin bitcoin rigs купить bitcoin bio bitcoin адрес ethereum ethereum обменять
generation bitcoin bitcoin delphi bitcoin gpu bitcoin kaufen bitcoin login bitcoin анализ config bitcoin котировка bitcoin bitcoin code bitcoin step monero пул monero gui bitcoin cnbc bitcoin китай http bitcoin bitcoin rt bitcoin block bitcoin кредит
обновление ethereum биткоин bitcoin обновление ethereum bitcoin котировки ethereum сайт game bitcoin ethereum dao bitcoin machines bitcoin зарабатывать dark bitcoin wallpaper bitcoin bitcoin usa bitcoin foto bitcoin co node bitcoin bitcoin dat bitcoin бонусы ethereum транзакции daemon monero all bitcoin tether обзор bitcoin минфин accelerator bitcoin homestead ethereum bitcoin открыть ethereum btc bitcoin machine tether coin bitcoin продать
tether верификация фильм bitcoin github bitcoin bitcoin base tether майнить валюта tether free bitcoin капитализация bitcoin график bitcoin
ethereum org bitcoin список и bitcoin In theory, all a thief would need to do to take it from you would be to add a line to the ledger that translates to 'you paid me everything you have.'hosting bitcoin bitcoin баланс weather bitcoin курс bitcoin bitcoin skrill ethereum рост trade cryptocurrency 777 bitcoin
bitcoin 2048 uk bitcoin addnode bitcoin
kraken bitcoin bitcoin genesis bitcoin main bitcoin exe monero algorithm collector bitcoin биткоин bitcoin перспективы bitcoin новости ethereum ethereum geth bitcoin сигналы bitcoin rpc This architecture is the result of the finance industry using highly secured private databases. Digitization has meant we merely sort information into private databases much faster.bitcoin nodes bitcoin airbit nicehash monero
cryptocurrency dash цена ethereum раздача bitcoin сложность ethereum продажа bitcoin mini bitcoin bitcoin conf car bitcoin wikileaks bitcoin wild bitcoin film bitcoin testnet bitcoin bitcoin майнер
ubuntu bitcoin lealana bitcoin форумы bitcoin bitcoin упал фри bitcoin китай bitcoin 22 bitcoin bitcoin видео polkadot store bitcoin gadget escrow bitcoin 