5  The Main Cryptocurrencies on the Market

DOI: 10.4324/9781003353102-6

5.1 Introduction

In the last few years, the cryptocurrency market has bloomed, showing an exponential growth in the number of cryptocurrencies on the market. At the moment of writing, the number of cryptocurrencies created is more than 22,100.1 This number is growing day by day but not all cryptocurrencies have the same functions and characteristics. Even if the number of cryptocurrencies continuously grows, Bitcoin is still the dominant cryptocurrency on the market. Indeed, the cryptocurrency market includes Bitcoin, Ethereum, and the so-called altcoins. The term altcoin is used to refer to all the cryptocurrencies that are on the market but different from Bitcoin and ...

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