Cryptocurrencies: What are they and brief details about the main ones

What is crypto?

In short, and in layman’s term, it is not paper money or coin and neither it has any official status in any country. It is basically a virtual “currency,” which you can buy, sell, or trade by using real-world money. And then you can use those virtual currencies, i.e., cryptocurrencies to buy/sell/trade anything you want (as long as the other party accepts it as a medium of the transaction) just like regular currencies. That also means that cryptocurrencies are mostly another “commodity” which you must buy, sell, and trade – but can’t earn or get paid by them in almost all regular real-world cases. However, like every new technology, things are changing in favor of the cryptos, and it’s now possible to use cryptocurrencies for transactions in many cases, although it’s still in its infant stage to be even considered as an alternative for regular banknotes. is the place where you’ll find further information about this.

There are literally thousands of cryptos available on the internet, but only a few are worth discussing. Today, let’s talk about the biggest cryptos in terms of market capitalization. Market capitalization is the value of a crypto coin, and it …