Summary of the most commonly used virtual currencies

With advantages such as quick, convenient transactions, no cost loss, no fear of losing value, inflation as well as counterfeiting . virtual currencies are now very popular , especially businesses. career. Along with the development of science and technology, Internet coverage worldwide, the types of virtual money have the opportunity to develop and the virtual money trading market is expanding more and more. This article will give you an overview of the various types of virtual currency currently in the world.

Bitcoin (BTC, XBT, B)

Bitcoin is the most prominent and most used virtual currency today.

Referring to virtual money, it is impossible not to mention Bitcoin. Bitcoin is the most prominent and most commonly used virtual currency with a value equivalent to more than US $ 1500, approximately VND 36.6 million. Bitcoin was officially released in 2008 by Satoshi Nakamoto. The entire amount of Bitcoin as well as transactions are performed and monitored by a computer system and reported to the server.

Ethereum (ETH)

Ethereum is also built and managed on a blockchain system.

Ethereum was created by Vitalik Buterin. Ethereum's emergence and dizzying price has created a fierce competition in today's virtual currency market. Ethereum has been likened to the second Bitcoin type with within a few months its value has increased by more than 1000%, 'attracting' big men in the financial circles like IBM, Microsoft . Similar to Bitcoin, Ethereum It is also built and managed on a blockchain system, but it is 'more advanced' in that it is creating real online markets and implementing programming deals with smart bargaining names.

Aureus

Aureus is widely run and developed by the Bitkingdom community.

After Bitcoin and Ethereum, Aureus is also one of the most popular virtual currencies. Aureus is widely run and developed by the Bitkingdom community. Since entering the virtual money market, Aureus has enjoyed a huge backing from 200,000 members of the Bitkingdom community.

Ripple (currency unit is XRP)

Ripple is a support tool for Bitcoin, making transactions on the market smooth.

Ripple is a digital currency and is an open payment network, enabling people to use credit card, banking or other financial services quickly and easily. Very low fee. Unlike Ethereum, Ripple is a support tool for Bitcoin, making transactions on the market smooth, or otherwise Ripple is an 'interpreter' connecting all the currencies in the world. Gender such as USD, Vietnam Dong, Yuan . to facilitate and unify such transactions.

The above is just one of many virtual currency types available for your reference. In addition, there are Litecoin, Dogecoin, Gridcoin, Novacoin, . But no matter what type it is, it carries all the characteristics, potential as well as certain risks of a virtual currency that you need to consider carefully. before deciding to invest.

Monero

Moneno is known as a secret virtual currency - using group signature technology, creating security, security and leaving no traces. With a market value of about $ 138 million, Monero is primarily used by anonymous individuals on the Internet.

Dogecoin

Dogecoin was originally known as a joke currency but still attracted great interest. Doge in its name is pronounced from the word Dog (meaning dog). It is often used on forums or donated to some organizations. Dogecoin's market value is about $ 25 million.

Dash

Dash (digital cash abbreviation) has the strength of security and payment speed. It is renamed from Darkcoin to avoid dark web relevance. Dash has a market value of about 77 million USD. One can use it to pay at large stores and systems.

MaidSafeCoin

MaidSafeCoin, also known as SafeCoin, is a virtual currency for networks using a secure data platform.

MaidSafeCoin, also known as SafeCoin, is a virtual currency for networks using a secure data platform. Currently, there are a variety of applications that use this network to protect data. The market value of this virtual currency is 39 million USD.

Lisk

Unlike most virtual currencies on this list (except Ethereum), anyone can use Lisk's system to create distributed applications (dapp) in Javascript programming language.

Thus, this currency has practical application value and is used to create many types of dapp, including social networking platform, e-commerce store. Its market value is 25 million USD.

Storjcoin X

Storjcoin X launched in July 2014. Storj - the company that created it - exploits an open source data encryption network and uses Storjcoin to grant access and use of the service. The market value of this virtual currency in September 2016 is 8 million USD.

Litecoin

Users can also exploit and use it to exchange products and services.

Litecoin launched September 2011 by former Google employee Charles Lee as a Bitcoin replacement product. Users can also exploit and use it to exchange products and services. As of July 2016, its value reached $ 180 million, much lower than the peak of $ 1.2 billion in 2013.

1. Actual photo of mine exploiting virtual currency bitcoin in Iceland