5 Biggest Digital Currencies in the World

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1. Bitcoin

Market Capitalization as of August 12: $437 billion

Bitcoin is the most popular and biggest cryptocurrency on the market. It was launched in 2008 by Satoshi Nakamoto and started trading in 2009. The coin can be traded through the Bitcoin network where transactions are verified through network nodes that are protected by layers of cryptography. Bitcoin has become synonymous with digital currencies in general, although it is only one of many types of digital coins. The Bitcoin network has no central authority and no central data storage system. 

Bitcoin has also been adopted as legal tender in El Salvador and the Central African Republic. Ukraine is using the coin to source donations from around the world as it fights off a Russian invasion. Bitcoin is widely hailed as one of the best-performing assets of the decade, although this position has weakened in the wake of recession fears in the US that have resulted in a massive crash of the crypto market in general. The usage of the coin as a wealth storage device akin to gold has been increasing. 

You can also take a peek at 10 Stocks Reddit’s WallStreetBets is Buying in July 2021 and Top Robinhood Stocks Popular on Reddit.

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