FACC 6885 Blockchain Technology and Cryptocurrencies- Bitcoin Cash
Task
Question:
Pick one cryptocurrency from the chart below and evaluate the attributes, benefits and risk associated with one such cryptocurrency. Which cryptocurrency would you invest in or use?
Instruction:
Read the attached articles and links:
https://blog.coinbase.com/introducing-the-crypto-rating-council-d6ee33a8f34d
https://support.coinbase.com/customer/en/portal/articles/2630943-supported-digital-currencies
https://listing.coinbase.com/policy
Yu, Yang (Gloria) and Zhang, Jinyuan, Flight to Bitcoin (Oct 26, 2020). Available at SSRN: https://ssrn.com/abstract=3278469 or http://dx.doi.org/10.2139/ssrn.3278469
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3278469
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3278469
|
Bitcoin |
BTC |
$178,335,376,350 |
$10,000.07 |
17,833,412 |
|
Ethereum |
ETH |
$22,638,391,386 |
$211.54 |
107,018,514 |
|
XRP |
XRP |
$13,353,934,432 |
$0.311770 |
42,832,704,971 * |
|
Litecoin |
LTC |
$5,669,031,175 |
$90.29 |
62,788,443 |
|
Bitcoin Cash |
BCH |
$5,373,723,657 |
$300.08 |
17,907,350 |
|
Binance Coin |
BNB |
$4,620,411,046 |
$29.71 |
155,536,713 * |
|
Tether |
USDT |
$4,018,024,637 |
$0.997773 |
4,026,990,838 * |
source- www.coinmarketcap.com
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