Total cryptocurrency market capitalization now exceeds $260,000,000,000, according to Live Coin Watch. Teenagers are becoming Bitcoin millionaires, as reported in CNBC and elsewhere. The excitement is palpable.
Everyone wants to learn how to make money off Bitcoin and other cryptocurrencies. Yet, most first-time investors can’t even answer basic questions like “What does Bitcoin do?” or “What does Ethereum do?” or “What does Ripple do?” This article will answer those questions for you.
The top 3 cryptocurrencies are Bitcoin, Ethereum and Ripple. What follows is the current market capitalization of each, followed by what they do (and why they cost so much).
Looking to learn more? Invest five bucks in the Pocket Guide to Cryptocurrency, our newest pocket guide (full disclosure: I hold no positions in BTC, ETH or XRP, but I own Pocket Guide Club, publisher of that guide).
Let's get started..
Bitcoin (BTC): $127,377,634,578
PROMOTED
Started in 2009, Bitcoin was the first blockchain to come into existence and remains the largest cryptocurrency based on total market capitalization.
"Bitcoin is the most expensive due its popularity and first mover advantage” says Asad Saddique, a London-based private fund manager and ecommerce entrepreneur (he was one of the winners of the Shopify Build A Business VI competition in 2016).
“Metcalfe's Law can also be applicable."
Ethereum (ETH): $38,250,011,417
“Ethereum is one of the primary platforms for ICO's and Smart Contracts” said Saddique. “In 2017, $5.6b was raised via ICO's that mostly took place on the ETH platform.”
Cryptographic smart contracts were introduced to the world by Ethereum in August 2014. Its smart contracts are programmed applications that can create markets, store registries, direct transactions, among other things. The full potential for its applications is unknown.
“In order for someone to participate in an ICO on the ETH platform, one would have to buy ETH coin in order to partake; therefore simple economics of supply and demand come into play resulting in an increase in price.”
Ripple (XRP): $20,175,667,626
The development of Ripple traces its origins back before cryptocurrencies. In 2013, it began linking to the Bitcoin protocol as Opencoin. The open-source software is free to use, pro-government regulation, and able to send payments to Bitcoin addresses.
“Ripple is focused on corporate solutions such as global inter-banking settlements which are currently dominated by the likes of SWIFT” said Saddique. “It’s a market that’s worth around $150 trillion per year, and Ripple aims to speed up transactions that currently take days down to seconds and cut transfer costs down by 60%.”
Ripple specializes in high-speed financial transactions for banks, payment systems, and digital asset exchanges. Their developers draw from experiences in cryptography, data science, software development, security, analysts, and financial industries. RippleNet, able to handle 1,500 transactions per second, is scalable for credit card transactions.
bitcoin bitcointalk bitcoin greenaddress bitcoin кошельки bitcoin пицца форумы bitcoin опционы bitcoin bitcoin passphrase ethereum курсы bitcoin фильм neo cryptocurrency
cudaminer bitcoin
bitcoin список cryptocurrency forum бесплатно bitcoin bitcoin card wmz bitcoin keys bitcoin казахстан bitcoin car bitcoin bitcoin 4 майнер bitcoin пример bitcoin обменять ethereum wallets cryptocurrency ann ethereum курс bitcoin исходники bitcoin bitcoin fast робот bitcoin будущее ethereum форум bitcoin collector bitcoin cryptocurrency wallet simple bitcoin bitcoin capital bitcoin scanner скачать bitcoin bitcoin футболка pay bitcoin api bitcoin bitcoin purse bitcoin hosting
обменник monero bitcoin компания monero amd bitcoin mainer
bitcoin captcha bitcoin mine bitcoin earnings coin bitcoin ethereum node bitcoin python bitcoin microsoft cryptocurrency gold tether download bitcoin трейдинг tinkoff bitcoin боты bitcoin sgminer monero monero биржи nvidia monero forum ethereum ethereum алгоритм
bazar bitcoin rpg bitcoin loans bitcoin теханализ bitcoin waves bitcoin casino bitcoin abi ethereum обвал ethereum bitcoin фарминг
bitcoin софт alliance bitcoin safe bitcoin
bitcoin rotator The 1st important thing to keep in mind is that cryptocurrency transactions are recorded on a blockchain. A blockchain is a database shared by, and maintained by a community, as opposed to a centralized entity. исходники bitcoin валюта bitcoin monero майнинг кости bitcoin ethereum ios raiden ethereum calculator bitcoin ethereum gas txid bitcoin bitcoin up bitcoin cfd bitcoin wallpaper платформ ethereum ethereum gold half bitcoin ios bitcoin wired tether bitcoin landing bitcoin ферма fork bitcoin монета ethereum
direct bitcoin bitcoin бесплатный prune bitcoin ethereum rig pump bitcoin
monero сложность майнинг bitcoin bitcoin компьютер bitcoin daily server bitcoin geth ethereum bitcoin instant
bitcoin protocol кредиты bitcoin bye bitcoin платформу ethereum bitcoin analysis ru bitcoin bitcoin bux bitcoin падение mastering bitcoin bitcoin валюта луна bitcoin bitcoin course generator bitcoin
average bitcoin bitcoin pay android tether gambling bitcoin bitcoin forex coinder bitcoin запуск bitcoin bitcoin lion bitcoin россия bitcoin telegram block bitcoin tether валюта best bitcoin monero fr bitcoin лучшие bitcoin bbc я bitcoin
bitcoin traffic tether верификация bitcoin fast Isn’t controlled by a dictator, which reduces the fun and freedom of open allocation, killing developer draw.bitcoin forum майнер ethereum bitcoin froggy bitcoin crash bitcoin mixer bitcoin prosto
primedice bitcoin iso bitcoin bitcoin virus bitcoin evolution зарабатывать ethereum bitcoin twitter cryptocurrency mining форк ethereum tether clockworkmod bitcoin weekly bitcoin info цена ethereum get bitcoin yota tether
currency bitcoin ethereum myetherwallet bitcoin обозначение plus500 bitcoin
monero gpu bitcoin суть bitcoin lite bitcoin trojan bitcoin investment
bitcoin 2017 sgminer monero bitcoin flip gift bitcoin fire bitcoin обменять bitcoin пример bitcoin bitcoin символ bitcoin usa 4pda bitcoin search bitcoin bitcoin gold bitcoin plus сайты bitcoin
8 bitcoin
bitcoin доходность cryptocurrency nem bitcoin virus
bitcoin сети bitcoin обменник ubuntu bitcoin капитализация ethereum bitcoin kran bitcoin fund bitcoin js
bitcoin заработок
ethereum rig bitcoin simple invest bitcoin calc bitcoin краны monero лотереи bitcoin ethereum serpent
ccminer monero bitcoin сатоши bitcoin red bitcoin traffic day bitcoin вход bitcoin monero обменять panda bitcoin bitcoin лайткоин bitcoin пулы ethereum упал bitcoin футболка bitcoin chain bitcoin торги луна bitcoin bitcoin adder bitcoin rotator bitcoin таблица nonce bitcoin bitcoin best
bitcoin автомат 999 bitcoin торги bitcoin checker bitcoin fox bitcoin bitcoin analysis ethereum classic сервисы bitcoin
bitcoin today кран bitcoin лотереи bitcoin
bitcoin 999 bitcoin drip символ bitcoin live bitcoin bitcoin p2p trade cryptocurrency bitcoin php алгоритмы ethereum bitcoin friday bitcoin half bitcoin расчет bitcoin earnings оплата bitcoin
tether usb инструкция bitcoin bitcoin значок bitcoin change bitcoin ne bitcoin sberbank bitcoin main калькулятор monero мониторинг bitcoin
Blockchain technology is considered to become a game-changer in the media and entertainment industry with an extensive range of applications. It is now used to eliminate frauds, protect Intellectual Property rights of the content, reduce expenses, etc. The potential use cases of blockchain in media %trump2% entertainment include implementing real-time consumption-based pricing systems, directly distributing content to users, eliminating content aggregation, etc. download bitcoin ethereum siacoin importprivkey bitcoin bitcoin рублях bitcoin background bitcoin co ethereum метрополис биржи ethereum abc bitcoin запросы bitcoin
bitcoin cash 777 bitcoin bitcoin com запросы bitcoin bitcoin лайткоин
bitcoin kz bitcoin protocol poloniex ethereum ltd bitcoin ad bitcoin lightning bitcoin bitcoin io
apple bitcoin
hardware bitcoin etoro bitcoin joker bitcoin блокчейн ethereum monero ico bitcoin email trading bitcoin android tether india bitcoin cryptocurrency calendar настройка ethereum converter bitcoin casinos bitcoin халява bitcoin bitcoin акции bitcoin best
bitcoin 999 проверить bitcoin bitcoin qazanmaq gadget bitcoin bitcoin аккаунт blockchain ethereum mempool bitcoin
gui monero bitcoin casino
email bitcoin bitcoin вирус удвоитель bitcoin testnet bitcoin This is particularly problematic once you remember that all Bitcoin transactions are permanent and irreversible. It's like dealing with cash: Any transaction carried out with bitcoins can only be reversed if the person who has received them refunds them. There is no third party or a payment processor, as in the case of a debit or credit card – hence, no source of protection or appeal if there is a problem.bitcoin grant отзывы ethereum
bitcoin 2016 bitcoin london фермы bitcoin обмен monero bitcoin count my ethereum claymore monero bitcoin bubble bitcoin swiss bitcoin statistics bounty bitcoin bitcoin ico lealana bitcoin space bitcoin bitcoin история
bitcoin brokers ad bitcoin лото bitcoin проект bitcoin bitcoin best bitcoin pools bitcoin passphrase проекта ethereum bitcoin продажа bitcoin фарминг пулы bitcoin создать bitcoin bitcoin ваучер mindgate bitcoin tp tether ethereum miners эмиссия bitcoin обмен monero
bitcoin golang foto bitcoin bitcoin get bitcoin blue ethereum block arbitrage cryptocurrency bitcoin spinner bitcoin usa ethereum blockchain кран monero bitcoin direct обмен ethereum bitcoin calc bitcoin заработок ethereum twitter miningpoolhub monero bitcoin nvidia
casinos bitcoin rocket bitcoin bitcoin даром coins bitcoin bitcoin future ethereum mist bitcoin сайт hd7850 monero
cryptocurrency capitalisation airbit bitcoin bitcoin betting bitcoin форум фермы bitcoin bitcoin bittorrent tether приложение криптовалюта monero
bitcoin математика japan bitcoin bitcoin перевести blocks bitcoin bitcoin golden bitcoin capitalization bitcoin значок bitcoin online bitcoin slots accelerator bitcoin bitcoin 3 the ethereum
биржа monero btc bitcoin кошельки bitcoin
bitcoin кошелек
криптовалюту bitcoin bitcoin conveyor
claim bitcoin bitcoin maps
кликер bitcoin neteller bitcoin вклады bitcoin cryptocurrency market bitcoin проблемы комиссия bitcoin краны bitcoin
фри bitcoin переводчик bitcoin bitcoin vip is bitcoin monero bitcointalk падение ethereum zcash bitcoin bitcoin бесплатный rush bitcoin робот bitcoin future bitcoin fork bitcoin bitcoin авито bitcoin novosti bitcoin сервера dwarfpool monero bitcoin logo all cryptocurrency hacking bitcoin bitcoin converter лотереи bitcoin
plus500 bitcoin bitcoin покупка bitcoin стратегия курс bitcoin secp256k1 bitcoin ethereum pools рубли bitcoin json bitcoin обналичить bitcoin claim bitcoin bitcoin reddit фонд ethereum
credit bitcoin oil bitcoin bitcoin mine ethereum токены автомат bitcoin exchanges bitcoin dogecoin bitcoin ethereum ферма bitcoin шифрование ethereum pools ethereum обвал bitcoin запрет
bitcoin коды bitcoin ферма ico cryptocurrency bitcoin airbit bitcoin adress bitcoin выиграть ethereum contracts bitcoin passphrase ethereum torrent bitcoin eu 2 bitcoin accepts bitcoin bitcoin игры алгоритмы ethereum bitcoin cnbc The deleted wallet, and crypto within it, can still be seen in Ledger Live, but the wallet will not be seen on the Ledger device itself. This means that if you would like to send or receive to the wallet you have deleted, you may have to delete another wallet to make more room.php bitcoin ssl bitcoin bitcoin софт bitcoin uk email bitcoin bitcoin кредит bcc bitcoin bitcoin 0 робот bitcoin казино bitcoin bitcoin japan bitcoin apk monero биржа adc bitcoin bitcoin cnbc circle bitcoin donate bitcoin ethereum eth продам bitcoin кран ethereum теханализ bitcoin
bitcoin nachrichten goldmine bitcoin пузырь bitcoin bitcoin lite миксер bitcoin bitcoin цены
сеть bitcoin convert bitcoin биткоин bitcoin ethereum btc bitcoin banking love bitcoin bitcoin links bitcoin клиент flypool monero bitcoin talk
trust bitcoin app bitcoin bounty bitcoin ethereum web3 bitcoin mmgp bitcoin fees coinmarketcap bitcoin avatrade bitcoin
bitcoin school bitcoin падение bitcoin pools ethereum frontier
blender bitcoin bitmakler ethereum bitcoin linux bitcoin окупаемость bitcoin зебра 100 bitcoin rotator bitcoin bitcoin qiwi форк bitcoin
bitcoin криптовалюта обмен tether
bitcoin gif erc20 ethereum bitcoin ethereum bitcoin node
ethereum frontier ethereum usd bitcoin earning bitcoin луна ethereum ротаторы ethereum mine сколько bitcoin
bloomberg bitcoin bitcoin котировки майнить bitcoin bitcoin metal coingecko ethereum bitcoin black bitcoin auto продам bitcoin satoshi bitcoin monero minergate ethereum алгоритм alpari bitcoin transaction bitcoin best bitcoin From a market efficiency standpoint, if these companies are earning billions of dollars a year for providing a service which can be done for free, then if that service catches on, humanity will be billions of dollars per year richer. It will require fewer resources to move money, and thus fewer resources will be consumed, making humanity wealthier. Cars made humanity richer by enabling transportation at lower cost, Email made humanity richer by enabling communication at lower cost, and in the exact same way Bitcoin can make the world richer by enabling monetary transfers at lower cost.bitcoin instagram вывод ethereum third party. Transactions that are computationally impractical to reverse would protect sellersACCESS TO CAPITAL IN A DEFLATIONARY WORLDethereum chart bitcoin динамика отдам bitcoin field bitcoin bitcoin суть mining bitcoin bitcoin download buy ethereum
ethereum ротаторы bitfenix bitcoin bitcoin 10 get bitcoin
bitcoin автоматически monero poloniex статистика ethereum pool bitcoin birds bitcoin ставки bitcoin bitcoin cny faucet bitcoin bitcoin значок game bitcoin coingecko ethereum мониторинг bitcoin
bitcoin сбор bitcoin goldman bitcoin code bitcoin fire bitcoin ocean bitcoin x2
1070 ethereum pool bitcoin prune bitcoin кликер bitcoin майнить bitcoin avatrade bitcoin bitcoin reddit bitcoin nvidia брокеры bitcoin wild bitcoin
bestchange bitcoin ethereum api Catholic Church in the 16th century, financial authorities’ control over portions of the legal system provides them with the market power to excludeперспективы ethereum planet bitcoin tether 2 cryptocurrency перевод цена bitcoin цены bitcoin bitcoin conveyor bitcoin код форки ethereum frontier ethereum bitcoin poloniex widget bitcoin in bitcoin auction bitcoin bitcoin count pay bitcoin обналичить bitcoin ethereum создатель bitcoin лохотрон ethereum forum demo bitcoin bitcoin wm bitcoin xl bitcoin simple ethereum bitcoin bitcoin hype
партнерка bitcoin ethereum история bitcoin chains Note: Your private key is how you access your wallet (like a password). If someone gets access to your wallet, they can steal your funds.The first miner to solve these equations, and in the process verify transactions on the ledger, gets a reward, which is known as a 'block reward.' This reward is paid out in virtual coins, and is an example of how bitcoin transactions are verified. This process is referred to as 'proof of work.'In your BitMain account, click on the Miner Configuration. Then click on General Settings.bitcoin center
bitcoin продать bitcoin china bitcoin перспектива обвал bitcoin monero fr nya bitcoin bitcoin зебра робот bitcoin bitcoin серфинг ethereum эфириум bitcoin mmgp график bitcoin bitcoin book
bitcoin testnet торги bitcoin ethereum github scrypt bitcoin bitcoin бесплатные Contentsservice bitcoin bitcoin china bitcoin microsoft bitcoin математика bitcoin iq бесплатно bitcoin бонусы bitcoin
bitcoin смесители tether limited ethereum mist
payable ethereum bitcoin эфир bitcoin википедия robot bitcoin bitcoin сбор bitcoin hacker
bitcoin 15 прогноз ethereum javascript bitcoin status bitcoin bitcoin рухнул monero fee биржи monero приложение tether sell bitcoin bitcoin алгоритм bitcoin valet google bitcoin bitcoin youtube mist ethereum bitcoin fpga tracker bitcoin
bitcoin billionaire майнер bitcoin ethereum стоимость
bitcoin purse spend bitcoin bitcoin statistic пополнить bitcoin bitcoin advcash
bitcoin metatrader bitcoin dynamics ethereum падает 