TopCryptoFeed displays live cryptocurrency prices, market cap, trading details and volumes of major exchanges all in one place.
Cryptocurrency Prices and Market Cap Details
The most useful way to think of cryptocurrency is as digital money. This means that it is a form of currency, but instead of being printed on paper, it lives online in the form of encrypted codes.
Cryptocurrency is completely decentralized, which means it does not rely on any banking system or government to back it up.
To put it another way, cryptocurrency is intangible money that is managed by lots of different algorithms. Here are the current Top 10 Cryptocurrencies by Market Cap:
What is a cryptocurrency?
Cryptocurrency is a form of currency that exists only digitally. Technically, it does not exist in the form of coins or paper money.
There are such things as paper wallets and hardware wallets – for example – the Ledger Nano – that allow you to store your cryptocurrency offline.
Cryptocurrency exists as a line of computer code. You can own a coin or token that represents a certain amount of a cryptocurrency just as you can have a share of stock in a company.
What exactly is Bitcoin and when was it created first?
Bitcoin is a decentralized currency that was created in 2008. It has no central bank, country or organization as its controlling entity.
In order to use Bitcoin as a currency, one needs a wallet to store their Bitcoins and a software app or exchange to complete transactions.
There now thousands of cryptocurrencies on the market today, including Ethereum, Dogecoin, Cardano, Avalanche, TRON, and Litecoin. They each have a different utility and offer many features and strong communities.