How big is the Cryptocurrency Market? In January, 2018 According to coinmarketcap.com market capitalization of all combined cryptocurrencies reached 707 billion US dollars. Among them, Bitcoin dominates more than 36% of the market. The second place is Ethereum, which takes more than 12%. Other cryptocurrencies share the rest 52% of the market. Do you know Bitcoin was founded in 2009 by a mysterious author name Satoshi Nakamoto? There is only 21 million Bitcoins out there.
Million Bitcoins have been mined, it is 80% of the entire Bitcoin supply. This means only million bitcoins or 20%, are left to mine. Yes, there is a limit supply for most cryptocurrencies. However, it is a little bit different with Ethereum the second popular cryptocurrency. Ethereum was proposed in late 2013, by Vitalik Buterin. It has a more open-ended policy compare to Bitcoin. Up to 18 million Ethereum are allowed to be issued every year, based on the situation. The current supply is 98,500,000 Ethereum. Now! You know how big the cryptocurrency market is! Please like and subscribe to see more videos! Thank you!
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A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.