Cryptocurrency

Cryptocurrency — the kind of digital currency, creation and control of which are based on cryptographic methods. As a rule, accounting of cryptocurrencies is decentralized. Functioning of these systems is based on such technologies as a blockchain, the directed acyclic count, the consensus register (ledger), etc. Information on transactions usually is not ciphered and is available in open form. For ensuring the invariance of base of a chain of blocks of transactions cryptography elements are used (the digital signature on the basis of a system with an open key, consecutive caching).

The term was fixed after the publication of Article o to the Bitcoin of "Crypto Currency" system (Cryptographic currency) published in 2011 in the Forbes log. The author of bitcoin, as well as many others, used the term "electronic cash" (English electronic cash). The cryptocurrency can be developed from scratch or use the public source code of other cryptocurrency. If, in addition to the code, the new cryptocurrency also uses already available chain of blocks of initial cryptocurrency, such cryptocurrency is called a fork of initial cryptocurrency. Different cryptocurrencies apply mining, forging or ICO to the emission. Why cryptocurrencies – it is favorable? In 2017 around the world there was the real boom of the cryptocurrency market. The cost of some electronic money grew in thousands of times! Capitalization of the market of all existing cryptocurrencies exceeded $500 billion! Leading experts and financial analysts predict the further growth of the cryptocurrency market. Do not miss an opportunity to earn on it!

Here are Today’s Most Popular Cryptocurrencies:

Bitcoin, Bitcoin Cash and Bitcoin Gold

Bitcoin

This mega-powerful currency has not only opened the gate for other currencies, but also leads the cryptocurrency world with pride. It is governed to make sure no extra Bitcoin is produced, as a maximum quantity of 21 Million Bitcoin units was agreed to. When introduced, the rate was $1 to 1,309 BTC. The wheel has turned, and when Bitcoin reached the all-time high of $19,783.21 in 2017, it was certainly a meaningful milestone for Satoshi Nakamoto, the creator of Bitcoin.

Bitcoin Cash (BCH) was created by the Bitcoin hard fork on August 1, 2017, resulting in a new version of the blockchain with different rules. By switching from the main Bitcoin blockchain to a new version, the software now has a capacity for a larger number of transactions.

Bitcoin Gold (BTG) is the second fork from Bitcoin (i.e. the second version to stem from Bitcoin’s source code). It retains Bitcoin’s transaction history, meaning that if you owned Bitcoin before the fork, you now own the equal amount of Bitcoin Gold. This cryptocurrency aims to introduce an alternative mining algorithm that is less susceptible to ASIC-based optimization, therefore allowing users to earn more with their computer cycles.

Alt-Coins

Altcoins is the general term associated with the cryptocurrencies launched after Bitcoin’s success. At first, these were mere copies mimicking the original Bitcoin. Today, there are over 1,000 of these, and the list just keeps growing. Most crypto coins are launched following an ICO (Initial Coin Offering – a form of crowdfunding) in which the developers raise cash by offering a limited number of initial coins to finance technological development. So far, besides the list below, we can find names, such as Namecoin, Peercoin, Bytecoin, Deutsche eMark, Novacoin, Cryptogenic Bullion, Quark, DarkCoin and Mangocoinz (for smartphones).

Ethereum

Ethereum (ETH) is more than just a currency – it’s like one giant computer housing many computers around the globe. Ethereum can respond to sophisticated requests. Its ability to store revolutionary computer programs, known as smart contracts, gives Ethereum an edge over Bitcoin and has attracted attention from banks around the world. This, among other factors, has led to a jump of almost 10,000% in 2017!

Litecoin

Litecoin (LTC) is similar to Bitcoin in many of its characteristics and is also one of the more veteran cryptocurrencies out there. However, there are two main differences between Litecoin and Bitcoin: Speed and amount. While it takes 10 minutes to create a Bitcoin block, Litecoin demands roughly 2.5 minutes to create a block – meaning 4 times the speed. Moreover, Litecoin attracts many users, as it can produce 4 times the quantity of Bitcoin! However, as Litecoin uses highly complex cryptography, often mining it is more complicated than other cryptocurrencies.

Ripple

Ripple (XRP) can be described as the next generation of payment networks. Originally set up to engage financial industry leaders, the digital currency has been a leading technology so far. This cryptocurrency exploded in 2017, going from $0.0063 to over $1.

EOS

The e-coin that is considered Ethereum’s biggest competitor. The EOS blockchain gained its fame because of the way it effectively records and secures transactions. It is similar to the Ethereum blockchain but faster, more scalable, and allows users to build decentralized applications more efficiently. Market analysts are promoting the currency as ‘The Most Powerful Infrastructure for Decentralized Applications’ and expect the coin to be dumped and pumped, which could provide some interesting short-term opportunities.

Attention! The high volatility of cryptocurrency provides tremendous trading opportunities, but also carries a very high risk. Due to the volatility, some cryptocurrencies can be periodically removed from the platform and blocked.
InstrumentTypical Spread (Pips)LeverageMarginMinimum Nominal Trade SizeOvernight Interest (daily) SellOvernight Interest (daily) BuyTrading Hours (GMT)ExpirationExchangeMT4 Symbol
ETHEREUM0.7% Over-market20:15%1-0.0333%-0.1000% 24/7N/AN/AETHUSD
BTCUSD0.5% Over-market25:14%0.10-0.0333%-0.0694% 24/7N/AN/ABTCUSD
BTCEUR0.6% Over-market20:15%0.10-0.0333%-0.0694% 24/7N/AN/ABTCEUR
BTCJPY0.6% Over-market20:15%0.10-0.0333%-0.0694% 24/7N/AN/ABTCJPY
BITCOIN CASH0.8% Over-market10:110%0.10-0.0333%-0.1000% 24/7N/AN/ABCHUSD
LITECOIN 0.8% Over-market10:110%1-0.0333%-0.1000% 24/7N/AN/ALTCUSD
RIPPLE0.95% Over-market10:110%1,000-0.0333%-0.1000% 24/7N/AN/AXRPUSD
BITCOIN GOLD2% Over-market5:120%1-0.0333%-0.1000% 24/7N/AN/ABTGUSD
STELLAR2% Over-market5:120%100-0.0333%-0.1000% 24/7N/AN/AXLMUSD
DASH2% Over-market5:120%1-0.0333%-0.1000% 24/7N/AN/ADASHUSD
NEO2% Over-market5:120%10-0.0333%-0.1000% 24/7N/AN/ANEOUSD
EOS1.5% Over-market5:120%10-0.0333%-0.1000% 24/7N/AN/AEOSUSD
MIOTA2% Over-market5:120%100-0.0333%-0.1000% 24/7N/AN/AMIOTAUSD