The Stories Behind The Different Cryptocurrencies
Yesterday a reader came across our website Bigcoinvietnam and wanted to reach out to us as he also produces content related to blockchain technology. He made an infographic that contains 16 blockchain disruptions along with stats and facts on how blockchain had an impact in various industries like banking and healthcare.
Before discovering his infographic, let's look at some general information about Crypto. What is Crypto and the Stories Behind The Different Cryptocurrencies
The time when Satoshi Nakamoto introduced Bitcoin in 2009, nobody knew that it would bring about a new technological era. But after the popularity of Bitcoin grew in 2011 and many people started appreciating the idea of encrypted and decentralized currencies, many other cryptocurrencies joined the crypto scene.
Today, there are over 2,000 cryptocurrencies. These were created for different purposes and offer a wide range of advantages. However, they all share one common goal - the desire to make life easier for people in all spheres of life by cutting out middlemen from transactions.
But since not all people know the stories behind these currencies, Bitcoinplay went ahead and created an infographic that showcases not only the reasons behind the introduction of the top 25 cryptocurrencies, but also their market cap, circulating supply, and total supply. For instance, Ethereum was released in 2015 with the purpose of providing a platform whereby decentralized applications can be built and get to run without any interruptions.
Stellar was founded in 2014 as an open-source protocol for value exchange, and it helps to move money in a quick, cheap, and reliable manner amongst banks, people, and other payment systems.
Tron was designed to ease the process of selling and consuming content by getting rid of the middleman. It allows users to publish, store, and own data freely.
It’s also worth noting that the trendsetting currency, Bitcoin, was in fact never intended to be currency but rather a peer-to-peer digital cash system. Nevertheless, we are glad that it evolved into one.
Seeing that these currencies offer lots of positives both to the masses and inventors, it comes as no surprise that many people are enthusiastic about either trading or investing in them. Something that shows that their hype is far away from declining. But don’t leave it at this, go ahead and check out the infographic below for more in-take on cryptocurrencies.
If you’d like to know more about some of the most popular cryptocurrencies, cast your eyes on our very own Bitcoinplay infographic telling the story of the 25 most prominent ones.
It also contains some interesting stats like how blockchain reduces the cost of the total amount for cross-border transactions by 2%-3% and 13% of senior IT leaders say that they have a clear plan to use blockchain for their business.
He must have spent a lot of time when creating it, due to the sources and the length, impressive works! He is a graphic designer that respects the intellectual property and the one who has knowledge with selective content.
It might be useful supplementary content for our site, now we share to our audience.
We are hoping that the infographic could be useful content that we would want to share with our readers. We’d love to hear your feedback on the infographic. Let’s take a look.Blockchain technology is probably one of the most impactful discoveries in the recent history. After all, it has a massive potential to change how we handle online transactions. Despite some skeptics, the majority of experts agree that blockchain has the potential to disrupt the banking and financial industry, and many other ones!
But what is this technology exactly? We at BitFortune.net will try to explain that in Layman’s terms, as well as provide you with insights into how different industries can benefit from blockchain. To put it simply, blockchain enables decentralized transactions across a P2P network. There is no need for a middleman, resulting in almost instantaneous operations and most importantly, low fees. Plus, transactions carried out through a blockchain are much more secure, transparent, and private.
As mentioned earlier, different industries will have different benefits from implementing blockchain technology, and that is what this infographic is all about. For example, the banking sector will get faster transactions, lower costs, improved security, and better record keeping. Also, the blockchain technology can improve electronic voting systems. With this technology integrated into a voting system, governments won’t be able to tamper with votes because blockchain creates publicly viewable and singed transaction that can’t be changed or rewritten.
This infographic will help you understand how the blockchain technology can and will improve 16 different industries, from music to government. So, read on and find out what their future will look like.
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Source: Bitfortune.net & Bitcoinplay
Contributor: "Stefan Ateljevic - A Collaborator"
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