Elphyrecoin (ELPH)

Elphyrecoin (ELPH) is a cryptocurrency that aims to support open-source developers in the blockchain technology space by providing a tangible way for their work to be redeemed, whether it is through buying, selling, or trading services or goods. It presents itself as a new digital value, similar to a “free currency,” but based on blockchain and valuable in marketplaces for exchanges. Users can “purchase” services from web developers or sell web services. Additionally, they can mine ELPH coins to increase the number of coins in their wallet, eventually converting them into real money. Therefore, Elphyrecoin offers two objectives: solidarity through the trade of services and financial gains by selling ELPH for dollars or euros.

Dogecoin (DOGE) is a widely known cryptocurrency that started as a joke but gained significant popularity. It has its own dedicated blockchain and proof-of-work system, just like any other cryptocurrency, and has maintained its position among the top 20 cryptocurrencies since its launch. Dogecoin often secures a spot in the top 10 cryptocurrencies despite its lower value compared to more established and serious cryptocurrencies like Bitcoin and Ethereum.

Bitcoin (BTC) is a virtual currency, or cryptocurrency, controlled by a decentralized network of users and not directly subject to the whims of central banks or national governments. Although hundreds of cryptocurrencies are in use today, Bitcoin is by far the most popular and widely used, being the cryptocurrency most similar to traditional state-issued fiat currencies. Like traditional fiat currencies such as the US dollar, Bitcoin has a relative value compared to other currencies and physical goods. Like all cryptocurrencies, Bitcoin is highly volatile, much more so than most fiat currencies, but its general trend has been upward. For example, in the 12 months ending on May 1, 2021, Bitcoin nearly sextupled its value, going from less than $9,000 to around $57,000 per BTC.