NEW DELHI: Stars of the crypto world are busy in doubling wealth, each day in some cases. Most popular among them, bitcoin has soared over 19 times in 2017 and 142 per cent in the past one month.

Other major cryptocurrencies are also following the leader.The second largest digital currency, ethereum, has gained 107 per cent in the past one month. The currency jumped to $722.75 on December 18 from $353.44 on November 19, 2017.Ethereum was founded in 2013 by Vitalik Butkerin and uses a cryptocurrency called Ether, which is used as a payment method.

Ethereum is a decentralised system, which allows investing, accounting and implementing of decentralised programs or smart contracts.Smart contracts are transaction protocols or programs, which check the terms of a contract automatically and run as demanded by clauses in the contract.Other major digital currencies including ripple, litecoin cardano and IOTA have gained over 200 per cent, 350 per cent, 1,600 per cent and 300 per cent, respectively, in the past one month.Global news agency Bloomberg recently added price quotes for three other cryptocurrences — ethereum, litecoin and ripple — to its terminal service. The terminal is used by major investment houses and banks worldwide.

It had earlier added bitcoin.According to coingecko.com, cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform, which seeks to deliver more advanced features than any protocol previously developed.IOTA is a distributed ledger for the Internet of Things. Read more from economictimes.indiatimes.com…

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