The two most important cryptocurrencies

What are cryptocurrencies?

Cryptocurrencies are digital or virtual currencies that function as a medium of exchange in the same way that physical money does. They allow us to pay for goods and services in the same way that physical money does.

 

Bitcoin

The first fully functional cryptocurrency, designed to be a viable alternative to the traditional monetary system, often known as “flat currencies” in the crypto industry. The centralization of wealth and power resulted from a flat monetary system controlled by central banks and a small number of financial firms.

Because it was the first functional money, Bitcoin remains the most popular currency, and its value has a huge impact on the rest of the crypto market; nonetheless, it has seen tremendous ups and downs throughout its history.

It moved from being theoretically $0 in 2009 to $60,000 per unit in February 2021, indicating that only a portion of bitcoins are now being purchased.

 

 

Ethereum

It is a platform of currencies with the biggest capitalization in the cryptocurrency market, after our Bitcoin.

The Ethereum platform is the payment cryptocurrency; thus crypto is a utility, not an investment currency.

The most important cryptocurrencies

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