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The Blockchain Story

33 Cryptocurrencies Described In Four Words Or Less [INFOGRAPHIC]

  • By The Blockchain Story
  • Sat, 30 Mar 2019 00:00:00 AM
  • 0 comments
  • 0

Bitcoin and other digital assests or cryptocurrencies have seen a bumpy evolution. These digital assests have become wildly successful in the respective game economies like they are being used by millions of people around the world as an exchange medium and also in many services with virtual environments.

Crytpocurrency uses strong cryptography to secure the financial transactions and works on the blockchain technology which is a decentralized and distributed system.

These cryptocurrencies are ranked based on few criteria or values such as the market cap value, price, circulating supply of crypto asset and maximum supply of the asset.

  • Market Cap: The measure of the total market value of a traded asset, calculated by multiplying the outstanding number of assests in circulation by the current assest price.
  • Circulating Supply: The approximate total number of coins that are currently in circulation and in the possession of the general public.
  • Maximum Supply: Maximum number of coins that will ever exist for a crypto asset. There won't be any more supply once a coin reaches its max supply cap as it is the maximum amount that can ever be mined or produced.

Besides Price, criterias like Market Cap, Circulating supply and Maximum supply are also important factors one should consider before investing in a certain crypto asset.

Infographics are a great way to simplify abstract or complex processes and ideas. Our friends at MrBtc.org developed an interesting infographic on 33 Cryptocurrencies described in fourwords or less, please checkout the following infographic and share your thoughts on it.

 

33 Cryptocurrencies

Article created in association with crypto specialists at MrBtc.org

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