The number of Cryptocurrencies is nearly 1000? How is “Decentralised Application Platform” used by the world now?

October 20, 2017

Cryptocurrency market expands extremely in terms of number of product and trading volume.

The number of Cryptocurrencies is nearly 1000?  How is “Decentralised Application Platform” used by the world now?

The world of Cryptocurrencies has seen a massive interest over the past few years.

The birth of Bitcoin in November 2008 was the spark of peer-to-peer electronic cash system, or simply put, digital cash.

The next huge thing that appeared in the crypto market after years was Ethereum, a coin, an open platform, and a technology that differs; it enables anyone to build and deploy decentralised applications.

Saying this, Litecoin, Ripple and Dash, but not limited to as there’s 866 Cryptocurrencies today representing different projects/solutions, have been upsurging along with the rest of the Cryptos.

In fact, the total market capitalization since May 2017 has tripled, as illustrated in the below chart, and there are valid reasons for that.

Originally referred from FXPrimus

Mainly due to the recent developments in the economic and political arena, but on top of that also… Security, decentralisation, safety, fast transactions, user empowerment, online data verification, innovative technology and insurance, are some of the reasons Cryptos have been in the spotlight over the past few years.

Two of the most important reasons investors like Cryptos are the extremely high daily volatility (30% per day is usual) and their speculative nature.

On the other hand, developers love the fact that they can use technology to develop a “Decentralised Application Platform“, or else known as “DApp”.

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