100 popular crypto currencies | Crypto currency or digital currency is an invention of the Internet. Basically someone out there thought, “Hey, what if we can create a system where money is not geographically tied, like on the Internet, for example” and lo and behold, now we have over 3000 crypto currencies in circulation.
100 popular crypto currencies: is Ethereum code your favorite?
Not all crypto currencies are the same. Some have amazing properties like this https://www.onlinebetrug.net/en/ethereum-code/. Some were even created as a joke. Others were part of a sophisticated Ethereum code pyramid system. Some are quite useless, because they are also perceived as worthless. Because we should not forget one thing: “Each crypto currency is only as valuable as the value assigned to it by a mass audience.”
As with all other assets (think of stocks or real estate), the price can rise and fall quickly, resulting in very volatile and risky investments. Here are a handful of the popular crypto currencies and what they are known for in 4 words or less.
Note: The ranking on the BildS was taken from newline
Bitcoin: Digital Gold
Ripple: payment processing system for companies
Ethereum: Programmable Contracts and Money
Tether: Price = 1 USD
Komodo: Decentralized ICOs
Steem: Reddit Voting with Money
Golem: rent computers of other people
Basic Attention Token: Decentralized Ad Network
Can Bitcoin survive in the future?
S & P Global Ratings published a report on Monday 19 February entitled “The Future Of Banking: Cryptocurrencies Will Need Some Rules To Change The Game”. It describes the possible outcomes for global financial markets in terms of the actions of crypto markets.
Although the crash at the beginning of February appeared to be synchronous in both the traditional markets and the crypto markets, Mohamed Damak, Senior Director for Senior Financial Services at S&P, does not see this correlation as meaningful, CNBC reports:
“For now, a significant decline in the market value of crypto currencies would still be too small to disrupt stability or affect the creditworthiness of the banks we rank.
According to the S & P report, unlike banks, retail investors would be hit hardest in a crypto crash:
“We expect the rated banks to be largely isolated as their direct or indirect exposure to crypto currencies appears to be limited.