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Cyber Currency; Shift from Paper-money to Digital Decentralized Coins

Cyber Currency; An In Vogue Mean

Cyber Currency is backed by cryptography and is not available in physical form because they are digital coins. It is hassle-free and adopted by many businesses. Also, this currency is holding billions of worth. Since, the first originated crypto ‘Bitcoin’, followed by thousands of more, digital cryptocurrency has not dethroned. This e-currency is in the hot headlines especially after Elon Musk, founder of Tesla, invested billions in Bitcoin increasing its value, for the first time, a record high of $60,000. As the industry is continuously making advancements, investors can exchange tokens into cash and vice versa by using fiat to crypto platforms. Some exchanges, by ensuring security, allow crypto purchase by using traditional methods, for instance, credit card or bank account. 

Popular Cryptos to Buy

Since cryptocurrencies took over the market, Bitcoin has been the most popular of the sort. Despite thousands of other coins, Bitcoin, Ether, Dogecoin, and Tether have stayed on the top. Bitcoin has evolved as the de-facto standard of this digital currency. Ushering the waves of cryptocurrency, Bitcoin is the trend-setting coin, built on a peer-to-peer (P2P) decentralized network. Some other coins are endorsed due to their advanced features, for instance, the ability to handle more transactions within a second and use improved algorithms like ‘Proof of Stake (PoS)’. Hence, the coins have been considered a good investment. These coins are readily available on online exchanges, where investors can opt for long or short-term investments. 

Bitcoin (BTC); The Trendsetter

Market Capitalization Value – Over $1.08 trillion 

Created by Satoshi Nakamoto, a pseudonym entity, runs on blockchain like other cryptos. A public ledger is accessed by consumers around the globe. in order to keep the transactions safe, they are saved in the databases. However, to earn bitcoin miners should solve cryptographic puzzles that involve proof of work consensus. The worth of this dictator coin has skyrocketed in five years, where its value was around $500 earlier which has now crossed $57,000 as of November 2021. 

Ethereum (ETH)

Market Capitalization Value – Over $557 billion

Ethereum, a cryptocurrency, is the all-time favorite of developers due to its so-called smart contract feature that automatically executes when requirements are met. Similar to Bitcoin, Ethereum has undergone tremendous growth, and that too within five years, increasing from $11 to over $4,700, securing second place in the ranking. 

Binance Coin (BNB)

Market Capitalization Value – Over $104 billion

Binance Coins is now allowing exchange and can later be traded to pay fees. Binance Coin is used for trading, payments, and booking travel deals because of its popularity. Like other cryptos, Binance Coin has also experienced a boom in its value from 2017, where it was just $0.10 and by November 2021, it crossed $628. 

Tether (USDT)

Market Capitalization Value – Over $73 billion

The tether has been a stable coin. Fiat currencies like US dollars and Euros can be used for its purchasing. Hypothetically it has the equivalent value to those denominations. Investors are preferring Tether because it is less volatile. Launched in 2014, Tether has now become the fourth-largest coin.  

Solana (SOL)

Market Capitalization Value – Over $64 billion

Solana uniquely runs on a hybrid proof of stake and history mechanism that aids in quick processing while ensuring security. It will assist the decentralized finances (Defi) and apps (DAapps), and smart contracts. Solana launched a year ago with a price starting from $0.77, which drastically rose to $213.42 by November 2021. 

Crypto Exchange Online; Now Easier

Cryptocurrency exchanges serve as the platforms for carrying out coin purchasing as well as trading and exchange among the sort. There are three types, broker, trading sites, and peer-to-peer (P2P) platforms, each with some importance. Some brokers are the third parties that pre-determined prices. Whereas, trading ones do not provide direct dealing between the buyer and the seller, last but not least are the P2P platforms which are the most popular and considered reliable where buyers and sellers can locate each other without having to pay extra fees. 

In a Nutshell

Cyber currency in the form of digital tokens is escalating the currency shift from traditional paper-cash to e-money. The process is irreversible and will stay the same until there are cryptos to buy. The Crypto market holds the main advantage that the founding never stops. Fait-crypto exchanges enable investors to make easy purchases. Sellers and buyers can perform Crypto Exchange Online due to the various available platforms. All in all, cryptocurrency is here to stay and is gradually taking over the marketplace.

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