Bitcoin is a virtual currency or electronic exchange medium that can be used to buy and sell goods and services in the same way that any other currency may. However, this currency is decentralized, which means that no authority or control entity is in charge of issuing it or registering its movements.
Ethereum is a decentralized blockchain platform that establishes a peer-to-peer network that securely executes and verifies application code, called smart contracts. Smart contracts allow participants to transact with each other without a trusted central authority.
Ripple is a technology that acts as both a cryptocurrency and a digital payment network for financial transactions. It was first released in 2012 and was co-founded by Chris Larsen and Jed McCaleb. Ripple’s main process is a payment settlement asset exchange and remittance system, similar to the SWIFT system for international money and security transfers.
Litecoin (LTC) is a cryptocurrency that was founded in 2011, two years after Bitcoin, by a former Google engineer named Charlie Lee. Litecoin is a peer-to-peer (P2P) virtual currency, which means it is not governed by a central authority. Litecoin’s network offers instant, near-zero cost payments that can be conducted by individuals or institutions around the globe.
Dash is one of the most well-known and well-established cryptocurrency coins. It has a long successful history and has undergone numerous transformations while maintaining its dynamic nature.This is what makes Dash one of the more reliable coins to invest in.
XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger—an open-source, permissionless and decentralized blockchain. Because of its consensus protocol, XRP is able to process transactions in seconds at a low cost and with minimal energy. This makes it one of the more environmentally friendly cryptocurrencies.