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Which Cryptocurrency is most used in the World

If we talk about cryptocurrency, it has not only changed the expectations regarding money investment around the world but also continued to grow since the bitcoin came into the picture in 2009. Many other BTC alternatives have evolved or came into frame since then but bitcoin is the most popular crypto currency.

As per the survey more than 8 percent of Americans have invested in crypto currency and out of that 8 percent more than 5 percent have invested in bitcoin. There are so many reasons to consider it and that is why it has become so much popular.

There are many popular crypto currencies apart from bitcoin. Here is the list of some most used crypto currencies:

 

  • Bitcoin:

It has been more than a decade since bitcoin transformed currency into the digital asset. And since then it has been the most popular crypto currency around the world.

BTC users can transfer money from one digital wallet to another digital wallet easily. Every transaction is verified by the other users and recorded on the public ledger which is known as blockchain.

Bitcoin has the biggest market cap among crypto currency alternatives, which investors usually consider while investing. Market cap is determined by multiplying the current supply of the currency by the current price.

Higher market caps often indicate less risk. So the bitcoin is known as a great choice compared to other cryptocurrency alternatives. Many companies have also started to accept bitcoin and also the investors are also supporting bitcoin.

Which Cryptocurrency is most used in the World

  • Ethereum:

It is another popular crypto currency after bitcoin. Ethereum also uses the same blockchain method as bitcoin but it has a different currency. Ether is the currency of ethereum and it is managed by an open network of users similar to bitcoin.

The biggest place Ethereum branches off from Bitcoin is with its smart contracts. These contracts are digital and the user is paid only after meeting the certain conditions. You should know about it.

 

The advantage of smart contracts includes:

  • Eliminates third parties in transactions,
  • the transactions are done in quick time,
  • The transactions get verified by number of other users.

 

These digital currencies are widely used all across the globe. No doubt, BTC was in great demand and most of the people have invested in it.

But, things have changed. There are so many other options and BTC alternatives that people should know about.

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