Cryptocurrencies, also known as Virtual or Digital Currencies are a unique asset class designed as a medium of exchange. They are generally powered by strong cryptography to secure transactions on a decentralized ledger known as the blockchain.
The Blockchain is a key advantage of digital currencies due to its nature of being designed untouchable to any government interference or manipulation from a Central Authority. There are many use cases for cryptocurrencies beyond trading such as speculative trading and online gambling just to name a few.
There are over 2179 active cryptocurrencies according to CoinMarketCap. This infographic does a wonderful job of showcasing the market cap, circulating supply, max supply, and name of the top 33 cryptocurrencies.
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