Live Cryptocurrency Rates by Market Cap
| Quick Links to Top Cryptos | ||
| Bitcoin (BTC) | Ripple (XRP) | Dogecoin (DOGE) |
| Ethereum (ETH) | Solana (SOL) | Cardano (ADA) |
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Cryptocurrencies and How they Work
Cryptocurrencies are digital or virtual currencies that use cryptography for security, making counterfeiting and double spending very difficult. Unlike fiat currencies which are issued by Central Banks on behalf of governments, cryptocurrencies operate on decentralised networks and use ‘blockchain’ technology. Being decentralised at its foundations, allows cryptocurrencies to exist without being control by a central authority. It also ensures transparency and reduces the risk of manipulation.
What are the Most Popular Cryptocurrencies?
Currently, the most popular cryptocurrencies are Bitcoin, Ethereum and Litecoin. In particular, Bitcoin (BTC) was established in January 2009 as the first digital coin and has gained enormous traction in recent years. In fact, the price of Bitcoin reached an all-time high in 2024 and exceeded a value of over 73,000 USD in March 2024.
How Crypto Transactions are Verified
Crypto transactions are verified through a process called mining. Miners use very powerful computers to solve complex mathematical problems. Once a transaction is verified, it is added to a public ledger known as the ‘blockchain’, which is accessible to the world. This unique transparency ensures that the system maintains its integrity and helps prevent fraud. The blockchain also provides a permanent and tamper-proof record of all transactions, which contributes to the overall security and reliability of cryptocurrencies.
How Can you Leverage Cryptos?
Avid traders and investors watch live cryptocurrency rates with a view to capitalising on the volatility of the crypto market. These rates fluctuate according to supply and demand, market sentiment, economic news and other global factors. Monitoring live cryptocurrency rates helps traders make better-informed decisions about when to buy or sell their assets and also take advantage of any new opportunities.
