I had posted the definition of cryptos and now we will know what are the different coins or cryptos. We know that the first crypto currency was bitcoin then a lot of coins or other cryptos followed.
As of today there are about a thousand crypto cur…
I had posted the definition of cryptos and now we will know what are the different coins or cryptos. We know that the first crypto currency was bitcoin then a lot of coins or other cryptos followed.
As of today there are about a thousand crypto currencies that are existing and probably will be more in the coming years. Not all of this crypto currencies will make it, few will survive and others will die down. I do believe bitcoin the first crypto will still be the main one. The matter of life for the cryptos is the community , if the people wants the kind of crypto then it will survive or if there are enterpreneurs who are behind some cryptos and pushing it , it will also survive. There are also fraud cryptos they had started then die early if they had already gotten some money.
Some cryptos have started without having their own capital, like bitcoin , what i mean was that the value of a certain coins or cryptos was derived from the community. This is the form of ICO's , An unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. These had been a business for some entrepreneurs , they are exploiting the popularity of crypto currencies.
Entrepreneurs knew that bitcoins are popular and they are riding of its popularity . They also knew that other coins or cryptos can be an alternative to augment or take the place of bitcoin. They also are of the idea that "bitcoins" popularity will die down so an alternative are needed.
**Here are the list of crypto currencies ; **
(from coin market capitalization site March 28/18)
