Crypto Prices Market Overview

Explore the top cryptocurrencies with Finansiv. View advanced crypto price charts, as well as the latest price of Bitcoin and Ethereum.

About Cryptocurrencies

Bitcoin, Ethereum, and other cryptocurrencies are revolutionizing the way we invest, bank, and use money. Crypto enables secure peer-to-peer transactions on the internet for the first time in history!

What are cryptocurrencies?

Cryptocurrencies are essentially just a form of digital money, in other words, a digital expression of value that uses cryptography, and blockchain technology to enable secure and anonymous transactions. There have been multiple iterations of cryptocurrency over the years, but Bitcoin really pushed cryptocurrencies forward with its inception in 2009. There are currently thousands of cryptocurrencies on the market, but Bitcoin is by far the most popular.

What is blockchain technology?

At its core, blockchain technology is actually pretty easy to understand. Essentially, it is a shared database of entries that need to be verified and encrypted. Think of this as a kind of highly encrypted and verified shared Google Document, where every entry in the sheet must have a logical relationship with all previous entries. Blockchain technology provides a way to securely and efficiently create a tamper-proof log of sensitive activities (from international money transfers to shareholder records all the way to diploma verification).

The conceptual framework and underlying code of blockchain are useful for a wide variety of financial processes as they can provide businesses with a secure, digital alternative to banking processes that are typically bureaucratic, time-consuming, paper-intensive, and expensive.

What is Bitcoin?

Bitcoin is a digital currency that was created in January 2009 after the real estate market crash. It follows the ideas that the mysterious and anonymous person or group, going by the pseudonym Satoshi Nakamoto put forward in a white paper. The identity of the person or persons who developed the technology is still unknown. Bitcoin promises lower transaction fees than traditional online payment mechanisms. Also, unlike government-issued currencies, it is completely decentralized, which means that no government or central authority can control it.

What is Ethereum?

Ethereum is an entire cryptocurrency ecosystem based on blockchain technology. It enables the creation of decentralized applications through so-called “smart contracts” which are digital, immutable contracts, written in computer code. Ethereum is not just a cryptocurrency, it’s an entire platform.

Ether is simply the cryptocurrency used for payments in the Ethereum ecosystem.

Often times the two are confused but remember that Ether is simply the cryptocurrency and Ethereum is the entire system.

What is Litecoin?

Litecoin is one of the oldest cryptocurrencies, dating back to 2011. It was originally created as a Bitcoin clone by a former Google employee – Charlie Lee, however, there are some notable differences between LTC and BTC. Some of the things which set Bitcoin and Litecoin apart are that Litecoin has a reduced block-generation time of just 2.5 minutes (compared to Bitcoin’s 10 minutes), resulting in faster transactions, and lower transaction fees. Litecoin also has four times bigger total supply (84 million LTC, compared to 21 million BTC).

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