Which Are The Top Digital Currencies In 2020?

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Which Are The Top Digital Currencies In 2020?
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In this contemporary era of the tech-savvy world,
we often experience the emergence of new
technologies with new unique features, which sets
them apart from the old technologies which we
have been familiar with so far. Cryptocurrency is
one such example of new digital technology that
created a wave among millions of people all over
the world.
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• Now it has been decades since these
  cryptocurrencies have seen so many ups and downs
  in their prices. Today, we are going to list some
  of the top digital currencies in 2020 according
  to the cryptocurrency market ranking chart.
• Many industry experts questioned about these new
  financial technology inventions and studying
  about crypto coin market, now deeply think about
  its future as an investment asset. Though some
  skeptics doubted about its long term existence
  due to factors like volatility and money
  laundering. There are serious risks involved in
  this new decentralized financial platform, but
  every technology has its pros and cons. So better
  adhere to preventive measures to save yourself
  from money loss.

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• If you are abreast of the latest crypto news,
  some companies are not convinced with the
  authenticity of cryptocurrency and have taken the
  step to ban its use. However, it does not affect
  its popularity and has been accepted by big
  companies like Shopify, and JP Morgan.
• This indicates the rising growth of
  cryptocurrency in fiscal society. Now there is a
  curiosity among many crypto enthusiasts and
  investors, to know about the top digital
  currencies in 2020, which are dominating the
  market.

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Top Digital Currencies In 2020

• So coming up with the top digital currencies in
  2020, here is the list topping with

Bitcoin
Topping the list is none other than the foremost
cryptocurrency, Bitcoin. This worldwide digital
currency was launched in the year 2009 by Satoshi
Nakamoto on 3rd January. The stories of Bitcoin
millionaires which also included the name of
Akshay Haldipur, an Indian Bitcoin millionaire,
states the example of Bitcoins forefront status
in the market. According to its whitepaper, it
eliminated the role of middleman and central
authorities like government and banks.
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Litecoin

• If you have been following altcoin news, then you
  must be aware of Litecoin, a hard fork that
  caused a split of Bitcoin in two parts. The major
  difference that sets Litecoin apart from Bitcoin
  is its timing of the transaction, which is
  four-time speedier than the latter crypto coin
  (Bitcoin).
• Besides this, Litecoin also has around 25 block
  rewards exceeding much to Bitcoins block which
  is 12.5. So it makes it worthy cryptocurrency in
  the list of top digital currencies in 2020.

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Ripple

• Another name that joins the list of top digital
  currencies in 2020 is Ripple. This cryptocurrency
  was launched as an alternative option for cash
  and is much preferred by business institutions,
  instead of individuals.
• It is hardly a matter of a few seconds in sending
  Ripple coins from one wallet to another wallet.
  But contrary to its rival crypto coins, it
  differs from them for following on a centralized
  process. You need to know that the supply of XRP
  is monitored by Ripple Labs.

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Monero

• Although the process of mining in Monero is very
  snail-like in comparison to its rival crypto
  coin, Bitcoin, its algorithm is efficient enough
  to target the maximum user base.
• The major reasons that have led to Monero get
  listed among the top digital currencies in 2020
  are promising features including privacy and
  security that helps to keep transactions
  concealed and free from getting traced. The use
  of cryptography also becomes a benefitting factor
  in saving addresses (sending and receiving) and
  amounts that are transacted.

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Ethereum

• Ethereum who came much after Bitcoin in 2015, is
  popularly considered as the next best competitor
  to the latter coin. Where Bitcoin works on the
  P2P digital concept, Ethereum, on the other hand,
  adheres to smart contract applications. If
  Bitcoin is in the list of top digital currencies
  in 2020, then how can Ethereum be left behind.

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Conclusion So these are some of the top digital
currencies in 2020. In todays new economic
scenario, cryptocurrency has set a new trend in
being a decentralized mode of finance and an
alternative to traditional currencies. There
might be differences in opinions by people,
experts, or even countries that have banned the
trading of cryptocurrencies. However, it has no
effect on its popularity and is widely welcomed
by big corporate organizations for digital
transactions daily. Sources https//www.cryptokno
wmics.com/news
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