TOP 5 CRYPTO CURRENCIES

    Top 5 Crypto Currencies 

                  First of all Crypto currency is an Digital Currency which is not authorized by Government or Bank instead of  transaction is based of Decentralized system. In Decentralization the Transaction will be monitored by thousands of Computers so it is difficult to hack the transaction and  it is mainly to avoid an middle man in a transaction EG: banks is an middle man in a  person to person transaction, So Crypto currency is an future of  all currencies. Most of the  government is planning  to introduce their currency in crypto. there are more than 9000 crypto currencies all around the world.

                   

                   Here is an Top 5 crypto you can invest:

   

1.BitCoin

                    

                  Bitcoin is the world's first decentralized cryptocurrency. It is Introduced in 2009 at the time the price of bit coin was  0 rupees, In 2010 the price of bitcoin reached 1 rupee. After 10 years the price of bitcoin now is 30 Lakhs. In Last Five years the growth of bit coin was 4,593.79%. Bit Coin was invented by Satoshi  Nakamoto. He owns the 1.1 Million bitcoin, currently he is the richest crypto Owner.

2.Ethereum

                 Ethereum is introduced by Vitalik Buterin in 2013. Vitalik Buterin once said that his main goal is to Decentralize the Internet. Unlike bitcoin  Ethereum finds application in numerous areas, including DeFi, smart contracts, and NFTs.Ethereum has a second biggest market capital. In Last Five years the growth of Ethereum was 8,896.38%.

3.Polygon

           
             It is an token that helps to scale the Ethereum network and improve its functionality, people have some concerns in Ethereum  the transaction fee is very high, To send 1000 rupees you have to pay the fee of 200 rupees so it is not comfortable for small investors and the transaction speed is very slow, for one transaction it will take up to 10 to 12 hours. To solve all this problems polygon was introduced it is also know as Matic , the transaction fee is very low and transaction is done in fraction of seconds. In Last Five years the growth of polygon is 47,738.13%

4. XRP

           

               XRP is the native cryptocurrency for products developed by Ripple Labs. Its products are used for payment settlement, asset exchange, and remittance systems that work more like SWIFT, a service for international money and security transfers used by a network of banks and financial intermediaries. The main purpose of the crypto is to make easier the country to country transaction, Before 5 years the transaction time between one country to another country will take up to day or two, so now most of the banks use this XRP protocol to make the transaction easier.

5.SOLANA

              Solana Crpto was launched in March 2020 by Solana Foundation. The Co founder and CEO of Solana Foundation was Anatoly Yakovenko. It is a open-source blockchain that supports smart contracts, including non-fungible tokens (NFTs) and a variety of decentralized applications (dApps). The main goal of solana is speed of processing and transaction must be high in low cost

                         
                 So the Future of currency is becoming more digitalized and more secure, rate of corruption and the theft in banks will become low. Most of the Countries announced bitcoin as an official currency to buy products. All these Crypto currencies mentioned are according to me, investing in Crypto has an high risk. The cryptocurrency market is highly volatile, so be prepared for ups and downs. so invest in right crypto in right time based on your own research.