Crypto currencies

USDT

What is USDT : USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform. USDT can be transferred, stored, spent, just like bitcoins or any other cryptocurrency, users can transact and store tethers with any Omni Layer enabled wallet like Ambisafe, Holy Transaction or Omni Wallet.

USDT and other Tether currencies were created to facilitate the transfer of national currencies, to provide users with a stable alternative to Bitcoin and to provide an alternative for exchange and wallet audits which are currently unreliable. USDT provides an alternative to Proof of Solvency methods by introducing a Proof of Reserves Process.

BITCOIN

Bitcoin the most traded virtual currency in the world. it is the pioneer digital currency, it was invented by unknown programmer from a group of programmers that called Satoshi Nakamoto , the digital currency is unique because the paying system is Peer to Peer method , meaning there is no intermediary.
These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.
Bitcoin can be exchanged by other products, currencies and services , this currency is gain acceleration
Across the world and more than 5 Million Merchants are accepting this currency, and the counter is ticking.
The bitcoin was first traded at range price of 0.03- 50 $ between 2010-2012 and today this digital currency is worth more than 4,000 $ meaning that the average return for investor that bought just 10 bitcoins between this years has earned almost 4,000 % and on investment of 300-500 $ he got almost 40,000 $

ETHEREUM

Ethereum Digital currency was officially launched on july 30, 2015 , Ether is the name of the cryptocurrency which runs on the ethereum blockchain, the technology that underpins the digital coin. But ethereum is often used as shorthand for the digital currency as well.
Ethereum has been designed to support so-called smart contract applications. A smart contract is a computer program that can automatically execute the terms of a contract when certain conditions are met. This use has excited many investors.

Ether is the second-largest cryptocurrency by market capitalization, worth around $36 billion, according to Coinmarketcap, below bitcoin’s $48.91 billion valuation.

BITCOIN CASH

Bitcoin cash is announce on 1st of August 2017 known as BCC , Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate.

It is different from the original Bitcoin , Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash.  It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale .

It was created because The legacy Bitcoin code had a maximum limit of 1MB of data per block, or about 3 transactions per second.  Although technically simple to raise this limit, the community could not reach a consensus, even after years of debate.

LITECOIN

The Litecoin was announced in 2011 with the title of the silver coin, this digital currency is has the second highest market cap tighter with the Ethereum digital currency . it has coin limit of 84 million, this is more high then Bitcoin that has limit of 21 million coins .

The main difference is that litecoin can confirm transactions must faster than bitcoin. The implications of that are as follows:

  • Litecoin can handle a higher volume of transactions thanks to its faster block generation. If bitcoin were to try to match this, it would require significant updates to the code that everyone on the bitcoin network is currently running.
  • The disadvantage of this higher volume of blocks is that the litecoin blockchain will be proportionately larger than bitcoin’s, with more orphaned blocks.
  • The faster block time of litecoin reduces the risk of double spending attacks – this is theoretical in the case of both networks having the same hashing power.
ZCASH

Zcash (ZEC) is another Crypto currency like bitcoin but with a few different features. Like Bitcoin it is based on a decentralized blockchain but allows for anonymity behind transaction amounts and parties involved. In Bitcoin if you know someone’s address you can follow their transactions and you can see which all the addresses and their transaction amounts – so its quite clear how much money is moving around, with ZCash all the information is encrypted.

The Zcash total coin supply is going to be 21 million like Bitcoin, and it even follows the same issuance rate with 21m ZEC being issued over 131 years, but instead of having 10 minute blocks, ZCash will have a 2.5 minute block average with 4 times bigger block rewards that halve every 4 years.

Monero

Monero is known as XMR . Monero is an open-source, privacy-oriented cryptocurrency that was launched in April 2014. The developers involved introduced this innovative cryptocurrency without setting aside any for themselves, and the team has relied on donations and the broader community to further development.
Monero uses a proof-of-work (PoW) algorithm that was designed to be accessible to a wide range of processors, a specification that was included to ensure that mining was open to many different parties instead of just large mining pools.
While some market observers might interpret this volatility as making monero less credible, sharp price fluctuations provide opportunities for traders. Traders can buy monero using both fiat currencies and cryptocurrencies, which might motivate them to buy and sell it in an attempt to make a profit. They might also use the currency as a hedge for other cryptocurrencies.

OTHER DIGITAL COINS

Digital currency – digital money or electronic money or electronic currency is distinct from physical (such as banknotes and coins). It exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership. Examples include virtual currencies and cryptocurrencies. Like traditional money, these currencies may be used to buy physical goods and services, but may also be restricted to certain communities such as for use inside an on-line game or social network.
Digital currency is a money balance recorded electronically on a stored-value card or other device. Another form of electronic money is network money, allowing the transfer of value on computer networks, particularly the Internet. Electronic money is also a claim on a private bank or other financial institution such as bank deposits.

There is hundreds of digital currencies like NEM , IOTA , DASH. Ox and more . this currencies are with lower market cap than Bitcoin , Ethereum and lite coin , however all of them gained positive return of 22% in average just last 2 years .
All of them are based on the same idea that there is mining limitation from this currencies, and that’s is what make them trustable by the market.