Cryptocurrencies trading

Bitcoin

• Bitcoin is a type of digital currency and payment system that operates globally.
• As the first decentralized digital currency, it doesn’t rely on a central bank or a single administrator.
• Instead, the system operates on a peer-to-peer network where transactions happen directly between users without any intermediary.
• The transactions are verified by network nodes using cryptography and are then recorded in a public distributed ledger known as a blockchain.
• In 2009, Bitcoin was introduced as open-source software by an unknown individual or group under the name Satoshi Nakamoto.

Litecoin (LTC)

• Litecoin (LTC) was initially created to enhance Bitcoin’s technology.
• It provides faster processing speeds with just 2.5 minutes required to mine a block, making it a well-liked alternative to Bitcoin.
• Litecoin’s proof-of-work algorithm uses scrypt.

Ripple (RPL)

• Ripple is a technology that is primarily recognized for its digital payment network and protocol. It also has a cryptocurrency called XRP.
• Ripple transactions require less energy than Bitcoin, and they are verified within seconds with low transaction costs, while Bitcoin transactions are more energy-intensive, take longer to be verified, and involve high transaction costs.

Ethereum (ETH)

• Ethereum was launched in 2015, and it is often referred to as “Blockchain 2.0.”
• Ethereum offers a platform for developing smart-contract applications, which are also known as dApps.
• Ethereum is a trading product with high liquidity.

Bitcoin Cash (BCH)

Bitcoin Cash is a digital currency that resulted from a fork in the original Bitcoin. It has larger block sizes, which enables faster transaction processing. The reason it’s called Bitcoin Cash is that it uses the original Bitcoin Cash client.