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Crypto: Evolution, Challenges, And Policies
Over $100 billion is Bitcoin's market cap, the first and largest cryptocurrency. BTC prices are largely driven by supply and demand but can be affected by rumors of regulation or full-out regulation.
Often referred to as the 'next Bitcoin', it is the second-largest cryptocurrency. Microsoft, JP Morgan, and Intel have recognized and supported Ethereum internationally. The blockchain-based Ethereum network also supports decentralized apps known as dApps.
Ripple is both a transaction network and crypto token created in 2012. XRP is blockchain-based like Bitcoin, but according to the creators, it is less energy-intensive to mine, carries lower fees, and processes transactions more quicker.
Litecoin is a cryptocurrency founded in 2011, two years after Bitcoin, by a former Google engineer. It shares similar features with Bitcoin but has a different algorithm. The cryptocurrency's goal is to become a medium for daily transactions.
The Bitcoin spin-off was launched in 2017 and has a current market capitalisation of more than $6.3billion. Bitcoin Cash is designed to be used as a cheap payment system, much like Bitcoin was originally designed to be.