A cryptocurrency is a virtual asset or in a more simple way, a digital currency which was designed to work as a medium of exchange and the financial transactions are secured by the cryptography. The features of cryptocurrency are that they are not issued by the central government aur main authority so the government cannot interfere in this.

For more understanding of cryptocurrency we should know about it following advantages:-

  1. It is secured and private- it is very much secure of cybercrime and is 100% actively and it is private means no one else can see this without your permission.
  2. Payments are easy- transactions of cryptocurrencies are very quick and easy and are completed in a few minutes. Along with this only sender and receiver knows about the transaction no one else can get the information.
  3. Decentralized currency- it is the main and important feature of cryptocurrency that it is away from Central government means government can’t interfere in this that’s why it is gaining much popularity.

Before you should start thinking of investment in the cryptocurrencies, the main characteristics you must know and they are:-

Acceptance of retailer- it means what sort of things you can purchase with it because some coins are designed not for exchange of goods but for other purposes.

Methods of verification- main difference of cryptocurrencies are there methods of verification. There are mainly two types of verification-

  1. POW- Proof of work.
  2. POS- Proof of stock.

Their market capitalisation- simple logic is that high market capitalisation indicates a high value per coin. Cryptocurrency market capitalisation is the total worth of all coins. Which are currently in circulation. Bona step is that you should also note the daily trading volume because it is more important than market capitalisation.

Now we see the top five cryptocurrencies of 2020 and they are:-

  1. Bitcoin:- it was launched in 2009, 11 years ago. Its author is Satoshi nakamoto. It offers the following features of low transaction fees, distributed on a public lecture “blockchain”. It uses peer to peer technology for instant payments. It is considered the most versatile cryptocurrency and can be used to purchase goods from many merchants who accept it, it has other advantages also like it has a greater liquidity means when converting it to fiat or traditional currency its most value can be inherent by user, due to its wide acceptance by merchants and other companies it is a great option of a currency, from Bitcoin out of country transactions are also very easier because it charges very too low to no fees.

Market Capitalisation-$158.18billion


Change- +1.12%


Ethereum- it was released in 2015 ,5 years ago and its methods are Vitalik buterin & Gavin wood. It has grown 40X in the last two to four years. It is the second largest cryptocurrency after Bitcoin experts very much believe that it has the potential to overtake Bitcoin in a few years. Its platform allows the user to create a smart contract due to which it has no third party interface fraud and possibility of downtown.



Change- -0.30%


Neo- it was released in 2014, 6 years ago. Its authors are Da Hongfei & Erik Zhang. It runs on proof of stake verification. It’s coin has high compatibility across various apps platforms, high scalability e and it supports the first development of a contract. Its advantages are its transaction speed is very high and can handle about aur more than 10000 transactions every second. It can be written in c + and Java with Python so it is understandable for new users.

Market capitalisation-$813.7million




EOS- it was released in 2018, two years ago and its authors are Daniel larimer and Brandon bloomer. Its advantages are its platform has a great speed of transactions means it can handle millions of transactions in each second, anyone who has the EOS token can participate in the voting process is convenient and easy for developers to work on it has free transactions for users and its risk possibilities are also lower.

Market capitalisation-$3.33billion




Ripple- it was released in 2012, eight years ago and its authors are Arthur Britton, David Schwartz & Ryan fugger. It is the third largest cryptocurrency after Bitcoin and ethereum. It directly targets the banks and helps them to transfer money worldwide. It guarantees the transaction in under 4 seconds and has the ability to do more than 10 thousand transactions per second.

Market capitalisation-$10billion