Question: Which among the following is the most flexible Cryptocurrency?

Answer: Among the four the most flexible cryptocurrency is Ripple. This is the real time gross settlement system and the method of currency exchange. This is the remittance networking created and introduced by the Ripple Labs Inc.

Which of the following is a crypto currency?

The correct answer is Bitcoin.

What is Bitcoin called?

Bitcoin is known as a type of cryptocurrency because it uses cryptography to keep it secure. There are no physical bitcoins, only balances kept on a public ledger that everyone has transparent access to (although each record is encrypted).

Is the value of cryptocurrency is dependent on market conditions?

MobileUser. The value of cryptocurrency is independent of market conditions.

Is Bitcoin a protocol?

The bitcoin network is a peer-to-peer payment network that operates on a cryptographic protocol. Users send and receive bitcoins, the units of currency, by broadcasting digitally signed messages to the network using bitcoin cryptocurrency wallet software. … An ad hoc decentralized network of volunteers is sufficient.

What is the most widely used cryptocurrency?

Bitcoin continues to lead the pack of cryptocurrencies in terms of market capitalization, user base, and popularity.

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What is the most stable cryptocurrency?

However, Bitcoin is the most stable coin, according to marker analysts. Bitcoin was launched in 2009 by Satoshi Nakamoto, an anonymous account. As the first cryptocurrency, Bitcoin traded below one dollar. Over the years, Bitcoin picked up a price momentum and has exceeded the market cap of $1 trillion.

Who has the most Bitcoin?

With more than 1,000,000 BTC, Nakamoto — who may be an individual or a group — owns more Bitcoin than any other entity.

What is Dogecoin coin?

Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency. It is considered an altcoin and an almost sarcastic meme coin. Launched in December 2013, Dogecoin has the image of a Shiba Inu dog as its logo. … Notable features of Dogecoin, which uses a scrypt algorithm, are its low price and unlimited supply.

What is the most volatile cryptocurrency?

Ethereum has been the most volatile cryptocurrency, based on its standard deviation in the last 20 days.

What is volatility cryptocurrency?

Volatility is a measure of how much the price of an asset has moved up or down over time. … As a newer asset class, crypto is widely considered to be volatile — with the potential for significant upward and downward movements over shorter time periods.

What causes volatility in cryptocurrency?

Bitcoin’s price fluctuates because it is influenced by supply and demand, investor and user sentiments, government regulations, and media hype. All of these factors work together to create price volatility.

What are cryptocurrency protocols?

Definition. Protocols are basic sets of rules that allow data to be shared between computers. For cryptocurrencies, they establish the structure of the blockchain — the distributed database that allows digital money to be securely exchanged on the internet.

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What are the main crypto protocols?

However, five major protocols are most significant, so an overview of the main protocols that are often used in Blockchain development services is detailed below.

  • Hyperledger. …
  • Multichain. …
  • Enterprise Ethereum. …
  • Corda. …
  • Quorum.

How many crypto protocols are there?

There are three basic types of blockchain: public blockchain, consortium blockchain and private blockchain [2]. Each type of blockchain has different application scenarios. The adopted consensus protocol thus needs to fit the demands of specific application scenario.