|Top 10 Ten Crypto-Currencies
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What is a Crypto-Currency?
Crypto-currencyies are a form of "virtual" or "digital" money. They are owner-distributed, decentralized and secure.
You can't see or touch this money, but you can earn it, save it, trade it and spend it.
Crypto-currencies are created (mined), by millions of people on home computers.
Their networks use open-source, peer-to-peer technology that is constantly checking what everyone else is doing.
The built-in security (encryption) of these currencies makes them (theoretically) impossible to counterfeit.
And because no central agency issues or controls them, they cannot be manipulated by banks or governments.
The first crypto-currency was Bitcoin in 2009.
It was ignored by "experts" but enlightened people made a killing when the value of Bitcoin increased by 1000%.
Since then hundreds of new crypto-currencies have arrived on the scene.
Some of them are viable alternatives to Bitcoin - and have promising futures.
But many of them are simply trying to jump on the bandwagon - and will vanish very quickly.
The Top Ten Most Promising Crypto-Currencies are listed below.