cryptocurrency

When Satoshi Nakamoto invented Bitcoin and set it free for the world to discover, it changed everything. But it’s not the only game in town. Other cryptocurrencies have popped up from everywhere, and Byte Federal offers many of the most significant cryptocurrencies.

Monero (XMR) came along five years after Bitcoin’s initial release. Currently trading at about $270, it has investors excited. Privacy and anonymity are the main focus of the digital coin that came out in 2014. It has a fascinating history, with the original developer remaining anonymous but consistently growing since trading for pennies just a few years ago.

cryptocurrency

The main difference between Bitcoin and Monero is the privacy value. When an investor trades Bitcoin, they have to know the receiver’s public address. This reveals information about how much is in their wallet. It’s all displayed on a public ledger. When trading Monero, random addresses are used for private routing. That’s about as private as you can get when it comes to buying and selling using digital currency.

Byte Federal doesn’t stop there. That’s just the tip of the iceberg. Ethereum (ETH) came out a few years after Bitcoin and has investors excited as well. Currently trading at $3400, it’s considered second to Bitcoin only because of its market cap.

Litecoin (LTC) is trading at around $170 and is a steadily growing cryptocurrency. Charles “Charlie” Lee is famously known as the creator of Litecoin and that makes this digital currency one of the first on the list whose developer is not anonymous. Ethereum is another one. Vitalik Buterin and Gavin Wood launched ETH and Vitalik currently sits as CEO.

Dogecoin (DOGE) is a cryptocurrency with a fascinating history. Billy Markus and Jackson Palmer created it as a joke. As Bitcoin started on the rise and hitting the headlines, the software engineering duo decided to make a cryptocurrency to mock it. But investors are taking it seriously, and that’s the best joke of them all.

If you think that’s all there is to Byte Federal’s list of cryptocurrency offerings, you have another thing coming. You can purchase Polkadot (DOT), Dash (DASH), Bitcoin Cash (BCH), Marscoin (MARS), USDC (USDC), Tether (USDT), DAI (DAI), Uniswap (UNI), Chainlink (LINK), AAVE (AAVE), Cardano (ADA), Decentraland (MANA), Illuvium (ILV), The Sandbox (SAND), Aavegotchi (GHST), and Axie Infinity (AXS). Soon, Byte Federal will add Polygon (MATIC), Tezos (XTC), Solana (SOL), Polkadot (DOT), Algorand (ALGO), and Thorchain (RUNE) to the long list of cryptocurrency offerings.

Just like having a variety of fiat throughout the world, cryptocurrency is exploding

While Bitcoin and Ethereum are the main ones hitting the headlines, other coins, such as Monero, are gaining popularity. Any one of these digital currencies can turn into the next phenomenon, and that’s what’s so exciting about it all.

For all of your digital currency needs, download Byte Wallet.