What Is Cryptocurrency and Why Use Them?

Cryptocurrencies are a completely digital form of money designed specifically to take advantage of the architecture of the internet. They can be used in ways that ordinary currencies can’t. Cryptocurrencies don’t rely on a standard financial institution to guarantee and verify transactions. Instead, cryptocurrency transactions are checked, or “confirmed,” by the computers of the users on the currency’s network. The computers that verify the transactions usually receive a small amount of currency as a reward, and the process of receiving rewards in exchange for verifying transactions is called “mining”. Mining is the main way how a new currency is produced here, and it works differently for different currencies.

Here is a list of the Top 13 altcoins and cryptocurrencies in 2017/2018 according to market cap, future scope, demand, and value investment asset.

 Ethereum
Sia
Monero
Ardor
Factom
Ripple
Stratis
Golem
Lisk
STEEM
Zcash
FunFair (FUN)
Binance Coin (BNB)
Civic (CVC)
TenX (PAY)