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Virtual currency: Thousands of cryptocurrencies abound

17/03/2021
Categories: Economy/Forex

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Ether, Binance Coin, Tether, Dot and Ada… today there are between 6,000 and 8,000 cryptocurrencies in the world. Even if Bitcoin is the focus of all attention, other cryptocurrencies are making their way.

Ether is the cryptocurrency of the Ethereum blockchain. Created in 2015, it weighs nearly 160 billion dollars. According to Christophe Gauthier, founder of the Marseille fintech French Ico, which supports fundraising in crypto-currencies in a secure and regulatory framework, blockchains work in the same way.

“It's actually a blockchain in French. Computers are all connected in a network and constitute this blockchain. Each PC contains the full copy of the blockchain and constantly verifies the transactions made before validating them,” he explains.
Indeed, the blockchain is a technology for storing and transmitting information, transparent, secure, and operating without a central control body. "We are in the adoption phase and of course, there are many critics" suggests the expert.

The Binance Coin, the cryptocurrency of the Chinese cryptocurrency exchange Binance, the Tether, the cryptocurrency indexed to the dollar, the Dot, that of Polkadot, the Ada that of Cardano as many cryptocurrencies whose process was accelerated in 2017.

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