What is cryptocurrency simple word

Cryptocurrency is a virtual currency that gives  you a chance to buy anything online. It’s not real money but you can use it like real money. In this article I will try to understand what is a cryptocurrency simple word and what you can do with it. 

In this article you will get 

What are the top 3 cryptocurrencies in the world?

What are the second largest cryptocurrencies in the world?

Which cryptocurrencies most excepted? 

I already tell you that cryptocurrency is virtual money. Many companies already use its payment method and theirs also launched its own cryptocurrency it’s call token and it’s also trading many platforms. I am giving a little example for understanding like you have a small company soothe you have some customers. When you launched a new token to take payment from customers. This way many token or cryptocurrency come in this market. You just need to allowance it like we launched a new token for getting payment. If you pay with it you will get a 10% discount. You will see so many customers start using it and then you will get so many token users. When many people will use your own token, maybe you can make so much profit with your token. 

Note : i am not offering any cryptocurrency. I am just gave you a example how to come new token or cryptocurrency in this market

Cryptocurrencies work with blockchain. Blockchain is not any cryptocurrency or token it’s a process of deal. When you need to send cryptocurrency to anybody then you must send it with a blockchain. 

What is an example of cryptocurrency or How many types of cryptocurrencies are there in the market?

Probably you listened about bitcoin. Bitcoin is a awosome way to send money. You can send your money anywhere without any bank or party. When you send your money you don’t need to go anywhere to send your money. Means i am trying to understand you, bitcoin is a virtual money and you can send it anywhere without any hassles like you need to send some money to someone sothe you have to go to the bank and when you will send money he/she receive it from any bank of branch but if you send bitcoin don’t need to go bank for receive your money. Bitcoin or any cryptocurrencies can not control any government or central bank. So when you send some cryptocurrency to someone, your money and privacy are totally safe.Anyone can not find it where you send and who is received and this is the advantage of blockchain technology. 

Considering the practical aspects, I will discuss three types of cryptocurrencies here.

Blockchain is an open source, that means anyone can copy it and make something new with it. Many cryptocurrencies coming to market if you want to see these you can go to coinmarketcap,this site is for only cryptocurrencies update,price,analyzing, launch and listing.When cryptocurrencies come to the market. Maybe these are made their own payment system with blockchain or use directly blockchain technology to send cryptocurrencies to anyone.

1.Transactional cryptocurrencies are used to buy anything or send money anywhere . Such as bitcoin and litecoin are great examples for it.

2. Cryptocurrency platforms make many bodies for transactions that means this creates many blockchain applications when needed. Anybody can use this open source code and build any application with it. Such as ethereum are good examples for it.

if you are cryptocurrencies lover you need to know about some few things

All cryptocurrencies are not created equal, this is the important thing when you want to buy some cryptocurrency for some profit or if you want to become successful in this sector you need to know many things and this is the major factor. 

Second thing is your money is at risk. If you have not enough knowledge about cryptocurrencies sothe i'm telling you don’t come in this sector, why i'm telling this because cryptocurrencies is the very risky market highest possibility to lose your money if you have not knowledge. 

Other things are you must wait for profit. If you buy some cryptocurrencies it’s not give you profit instantly, probably you wait a long time for profit.

What are the top 3 cryptocurrencies in the world 

Coin	Ticker	Market           capitalization
Bitcoin	BTC	$114,902,478,910
Ethereum	ETH	$37,541,206,471
Ripple	XRP	$19,101,856,438

Bitcoin (BTC)  Market capitalization $114.9 billion 

Bitcoin is the first cryptocurrency in the world. Bitcoin was published 2009 and an unknown person crested it. When it comes to the market from that time it’s growing very fast and this time It's king of all cryptocurrency. This time cryptocurrency is using all sectors to buy anything from online or offline. Many government gave opportunity yo buy anything with it and they're also storing so many bitcoin

What is ethereum (ETH) Market capitalization $37.5 billion 

Ethereum is an open source platform that uses blockchain technology to create any transaction app. When a cryptocurrency comes to the market its call ICO then it’s not any demand to the market. That's time it's only a token or airdrop, if you want to transaction theses with ethereum you can do it. I am giving you a small example for understanding. When you want to launch new cryptocurrency in the market then you need to create a transaction way to give your token or airdrop and you can do it easily with ethereum.

Ripple (XRP) Market capitalization $19.1 billion 

Ripple is another platform to transfer cryptocurrency very quickly to another one. It’s using to transfer they're owen cryptocurrency and it is very easy to buy and sell