Top 5 virtual currencies globally
Having the first-mover advantage, Bitcoin is the world’s first peer-to-peer decentralised digital currency. It’s now not only the most recognised and known cryptocurrency, but also the only digital currency that’s most widely accepted and used in numerous real-world transactions.
Proposed in late 2013, Ethereum is a decentralised platform for applications that run exactly as programmed without any chance of fraud, censorship, or third-party interference. It provides a decentralised virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.
It’s a peer-to-peer internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that’s fully decentralised without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.
Is digital cash use Dash to make instant, private payments online or in-store using a secure open-source platform hosted by thousands of users around the world. Dash (originally known as Darkcoin) is a more secretive version of Bitcoin. Dash offers more anonymity as it works on a decentralised mastercode network that makes transactions almost untraceably.
The network is young, but evolving quickly. Zcash offers privacy and selective transparency of transactions. Zcash offers its users the choice of shielded transactions. These allow for content to be encrypted using advanced cryptographic technique or zero-knowledge proof construction called a zk-SNARK developed by its team. With details such as the sender, recipient, and amount remain private.