Money rules the world. Some may say that it is a controversial saying, but that does not make it any less true. In the modern world, money has gone so far as to reach out to the ever-developing digital world.
Most of you have already heard about cryptocurrency or bitcoin, but not everyone has a clear understanding of what it is and how it is going to affect the world the way we know it.
To begin with, it needs to be mentioned what cryptocurrency is and how many types of are available. Cryptocurrency is something that most people refer to as digital money. Most of it comes as coins or tokens. The fact is that these days there are more than 2500 different cryptocurrencies that you can use.
According to trustworthy ICO Rating resources, 5 of them are the most used ones. They are:
- Bitcoin
- Ripple
- Ethereum
- Stellar Lumens
- EOS
There are also other cryptocurrencies that are widely used on the market; in total, they are 25 out of more than 2500 cryptocurrencies.
Surely, such an amount of crypto is impressive, and many people may wonder whether they should convert their money into its digital equivalents. However, it needs to be pointed out that many cryptocurrencies are still unstable due to a number of reasons.
For instance, your virtual vault may get hacked, or your digital account can be deleted because of a computer crash. All these things scare regular people. The majority does not convert their currencies into crypto. For the most part, they do not know how to use it and what are the benefits that such currency may come with.
There are several issues to be fixed for the majority to use cryptocurrency, and this process will take some time to be finished. Such an assumption leads to relative conclusions that popular cryptocurrencies will be forgotten while the new ones will emerge.
