100 cryptocurrencies described in four words or less | TechCrunch (2024)

FAQs

How would you describe cryptocurrency? ›

A cryptocurrency is a digital currency, which is an alternative form of payment created using encryption algorithms. The use of encryption technologies means that cryptocurrencies function both as a currency and as a virtual accounting system.

Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrencies don't have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units.

A 100x return refers to multiplying your investment by 100, resulting in a whopping 10,000% return. For example, turning $10,000 into $1 million or $1,000 into $100,000 would be considered a 100x return.

You can explain to them that a cryptocurrency is stored in a digital wallet rather than a physical one, like a special kind of piggy bank, and that the digital wallet can be accessed from anywhere in the world and used to make online purchases.

Bitcoin is a form of digital currency that uses blockchain technology to support transactions between users on a decentralized network. New Bitcoins are created as part of the mining process, as a reward to people whose computer systems help validate transactions.

Your Secret Recovery Phrase (SRP) is a unique 12-word phrase that is generated when you first set up MetaMask. Your funds are connected to that phrase. If you ever lose your password, your SRP allows you to recover your wallet and your funds.

A seed phrase, also known as a Secret Recovery Phrase (SRP) or mnemonic, is simply a collection of words that allows you to restore your entire crypto wallet. It's those 12-24 English words that your wallet presented you with while setting it up.

Crypto- comes from the Greek kryptós, meaning “hidden.” The word crypt also derives from this root. Dig up the connection at our entry for the word. In anatomy, crypto- specifically refers to a crypt in its specialized sense of a “slender pit or recess” or a “small glandular cavity.”

1 USD equals 0.000017 BTC. The current value of 1 United States Dollar is -0.80% against the exchange rate to BTC in the last 24 hours. ​ The current Bitcoin market cap is $1.17T. ​Create a free Kraken account to instantly convert USD to BTC today.

What is a 100 Bitcoin? ›

The price of 100 Bitcoin in the US is 6.30M USD. Additionally, Bitcoin's price for 100 BTC is 6.74M EUR in the eurozone, 7.88M GBP in the UK, 4.61M CAD in Canada, 4.12M AUD in Australia, 75,608 INR in India, 4,579.89 KRW in South Korea, and 6.90M CHF in Switzerland.

The top cryptocurrencies by market cap are bitcoin and ethereum, which have long been entrenched as the No. 1 and No. 2 cryptocurrencies. After that, a collection of cryptocurrencies jostle for position, although the third biggest is stablecoin tether (USDT).

Exploring the potential cryptocurrencies like Pikamoon, Dogecoin, Book of Meme, Rosewifhat, and Zilliqa as contenders to hit the $1 milestone. Key factors like utility, viral potential, and clear roadmaps suggest their potential amidst market sentiment and unique tokenomics.

Here's our list of cryptos that will explode in 2024: Dogeverse (DOGEVERSE) – A multi-chain Doge token expected to boom in 2024. Sealana ($SEAL) – Meme token with an engaging story and a fixed presale price. WienerAI (WAI) – A prime meme coin contender for explosive growth in 2024.

Cryptocurrency (or “crypto”) is a digital currency, such as Bitcoin, that is used as an alternative payment method or speculative investment. Cryptocurrencies get their name from the cryptographic techniques that let people spend them securely without the need for a central government or bank.

The crypto universe is vast, with thousands of digital currencies out there. Crypto is based on blockchain technology, which ensures transactions are secure, transparent, and decentralized, so they're not controlled by any government or financial institution (there are pros and cons to this that we'll describe below).

Crypto exchanges are the stock exchanges of the digital world. And just as stock exchanges list hundreds or thousands of stocks, crypto exchanges make it possible to buy, sell, and swap hundreds or thousands of digital currencies. Collectively, those currencies constitute the crypto market.

Like all forms of currency, Bitcoin is given value by its users, supply, and demand. As long as it maintains the attributes associated with money and there is demand for it, it will remain a means of exchange, a store of value, and another way for investors to speculate, regardless of its monetary value.