Cryptocurrencies: the world beyond bitcoins
We take a look at some of the major cryptocurrencies in the world and how it is created
In the last couple of months, bitcoins have been in the headlines due to volatility in prices. For instance, on 4 May, bitcoin breached the Rs1 lakh mark; and on 24 May it breached Rs2 lakh mark. On 20 June, bitcoin was trading around Rs1.89 lakh. Experts attribute the rally to Japanese government’s move to legalize bitcoins and its acceptance by large e-commerce companies. Popular as it is, bitcoin is just one of the several cryptocurrencies around. According to Coinmarketcap.com, a website that tracks cryptocurrencies, on 20 June there were 757 cryptocurrencies. Bitcoins top the list, followed by ethereum and ripple.