Bitcoin (₿) Bitcoin (₿) is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. An unknown person or group of people using the name…
Litecoin (LTC or Ł) Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. The crypto was an early bitcoin spinoff or altcoin, starting in October 2011. In technical details, Litecoin is nearly identical to Bitcoin. Litecoin is different in some ways from Bitcoin: The Litecoin Network aims to process a block every 2.5 minutes, rather than…
Tether (USDT) It is a cryptocurrency with tokens by Tether (USDT) Limited, which in turn is controlled by the owners of Bitfinex. The original design was always worth $1.00, maintaining $1.00 in reserves for each tether issued. While, according to its 2021 settlement with the New York Attorney General Letitia James, “Tether (USDT) represents to users that any…
Polkadot (DOT) Polkadot (DOT) is a unique proof-of-stake cryptocurrency that aims at delivering interoperability among other blockchains. The design of the protocol is to connect permission and permissionless blockchains, as well as oracles, to allow systems to work together under one roof. Polkadot’s core component is its relay chain that allows the interoperability of varying…
Cardano (ADA) Cardano (ADA) was founded back in 2017. The design of the ADA token is to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software. The team behind the layered blockchain…
Binance Coin (BNB) Binance Coin is the cryptocurrency issued by Binance exchange and trades with the BNB symbol. As of June 2021, Binance Exchange is the largest cryptocurrency exchange in the world, supporting more than 1.4 million transactions per second. Binance Coin (BNB) is an ERC20 token issued on the Ethereum blockchain by the popular cryptocurrency exchange Binance. BNB price 426.3…
Ethereum If you’re interested in Ethereum or you’re already investing in it, you might be wondering whether now is a good time to buy. It’s always exciting to ride a hot investment, but there’s also the temptation to wait for a dip first. ETH Price Statistics Ethereum Price $3,404.15 Trading Volume24h $18,996,685,581.00 17.27% Volume /…
Can cryptocurrency be taxed? Can cryptocurrency be taxed? The whole world is watching as Bitcoin and the rest of the cryptocurrency market keep notching new record highs. But can cryptocurrency be taxed? The Internal Revenue Service (IRS) is watching, too. If you own cryptocurrencies, you need to understand the tax liability impact every time you…
Who invented currency Why do people need currency? There are many theories about who invented currency, in part because money has many functions. It facilitates exchange as a measure of value and it brings diverse societies together by enabling gift-giving and reciprocity. Moreover, it perpetuates social hierarchies. Finally, it is a medium of state…
What crypto to buy From Bitcoin and Ethereum to Dogecoin and Tether, there are thousands of different cryptocurrencies, which can make it overwhelming when you’re first getting started in the world of crypto. To help you get your bearings, these are the top 10 cryptocurrencies based on their market capitalization or the total value of…