Unlike fiat currencies digital assets are not physical so there are some very important differences between these two types of exchange. Cryptocurrencies are decentralized and free to transfer and trade with. In order to get tokens, however, you will need either to produce them or to trade. Producing cryptocurrencies does not resemble the issuing of regular fiat currencies. The coins are not printed but mined. This is why there are some databases that constantly keep track on the current number of active cryptocurrencies. For historical purposes, you can also check for lists that include all the cryptocurrencies that ever existed. The two types of lists will be different as there are many new digital currencies emerging on the horizon, as there are some that are not active anymore.

In the following couple of paragraphs, we will take a look at some of the most successful and popular cryptocurrencies that always present in each list. If you are interested in getting some more info, keep reading.

Did You Know?

Satoshi Nakamoto (this is a pseudonym for the person or a group of people, mathematical geniuses) mined the very first genesis block of the first digital currency – Bitcoin. He gave the start of this incredibly expansive industry and his name has already acquired historical significance. Thanks to his invention, the financial world will never be the same as only time will show what will happen.

Active Vs. Inactive Cryptocurrencies?

If you browse the web you will discover that there are some different lists of cryptocurrencies. The number of digital currencies that were available over the Internet as January 2018 is over 1384 and constantly growing. This is possible due to the fact that a new virtual asset can be invented at any time. In other cases, some currencies stop their function. This can be due to various factors. As you know, this field is highly competitive so only the most innovative and attractive currencies make their way to the top list of most desired and recognizable cryptocurrencies.

In order to become one of them, one should offer a great variety of valuable features, low fees, fast transactions, and many other additional services. If it fails to remain competitive enough it will easily drop from the charts. By market capitalization, Bitcoin is currently the largest blockchain network. This, of course, makes it the most successful, valuable, and popular cryptocurrency in the world. If you check some of the active cryptocurrency lists websites, you will see that this virtual asset is followed by Ethereum, Ripple, Bitcoin Cash, etc.

Which Are The Most Successful Cryptocurrencies on The Market?

Here, we would like to provide our readers with some more information about the top 3 digital currencies on the market right now. Of course, we are talking about Bitcoin, Ethereum, and Ripple.

  • Bitcoin – created in 2009 by Satoshi Nakamoto, this is the first cryptocurrency to ever be created and launched on the market. Furthermore, currently, this is the most successful crypto worldwide payment system. It is also the first decentralized digital currency. It doesn’t work with a central bank or administrator but it utilizes a peer-to-peer network.

In other words, the conducted transactions are transferred directly between the users. The transactions then get verified by network nodes by using cryptography. Then, they a recorded in a public ledger which is called blockchain. A funny fact here is that initially, this currency was invented to serve as a reward for a process known as mining. As of 2018, the price of Bitcoin has increased thousands of times which makes it the most valuable and successful cryptocurrency to be ever invented.

  • Ethereum – the second most successful cryptocurrency was initially released in 2015. Again, it uses the blockchain technology and it is basically an open-source distributed computing platform. The coins generated by the Ethereum platform are called Ethers and can be transferred as a reward for a mining activity, just like with Bitcoin. Ethereum provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine. It is able to execute scripts using an international network of public nodes.
  • Ripple – Ripple was created in 2012 by Arthur Britto, David Schwartz, and Ryan Fugger. It is basically a real-time gross settlement system and currency exchange. Again, it uses an open-source Internet protocol. Its abbreviation is XRP. The initial goal of the people behind this p0roject was to provide people with instant, nearly free, and secure global financial transactions of any size with no chargebacks. The interesting thing here is that unlike other cryptocurrencies Ripple supports tokens representing fiat currency, cryptocurrency, commodity, etc. The main advantage of Ripple over Bitcoin is the transaction speed it has, which is way faster.

Fun Fact:

When it comes to creators of cryptocurrencies, there is a strange fact – the inventor of the most successful and popular digital currency is anonymous. As you saw herein above, most of the other cryptocurrencies have well-known creators while the image of Satoshi Nakamoto is all covered in mystery and secrets. Most of the analysts and crypto specialists believe that this names actually stands for a group of people but not for a single person that has created the Bitcoin. A fun fact is also the idea that some famous financial specialists and scientists have claimed to be Mr. Nakamoto.

How to Benefit From a Cryptocurrency List?

The most logical answer to this question is to join some legit, professional, and reliable cryptocurrency trading solution that offers access to the most recent information regarding the current position of each cryptocurrency, or at least of the top ones. This will help you better orientate in the trading situation. In other words, you can start dealing with trading of cryptocurrencies and accumulate positive results. For this purpose, the exchange platform you choose to work with should have some other features apart from the cryptocurrency list.

For example, a legit and advanced crypto trading system should offer 24/7 customer care support, user-friendly interface, guidance, educational materials, and introduction step to those who are inexperienced traders. Also, an automated trading mode will make sure that even without a solid knowledge and mining skills, users will be able to generate positive results on a regular basis. After all, this is the whole point of trading.

Final Thoughts

As you can see from this article, it is quite important to keep track on the currently active cryptocurrencies. The situation changes pretty quickly so you should be informed of the most relevant and important information to make sure that your crypto trading process will be successful and positive. If you are interested in the whole picture, we would advise you to check some cryptocurrency lists that include all the created digital currencies. This will help you better imagine how big and important this innovation is and that it is going to change the way our world functions for good.

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