Cryptocurrency Silver Rounds from JM Bullion
The most popular form of cryptocurrency in the world today is Bitcoin. Discussed on financial networks and tracked daily, Bitcoin has become a talking point as people around the world assess the long-term value and stability of fiat currencies. However, Bitcoin is far from the only form of cryptocurrency available for those looking to invest in these digital currencies or use them for secure, anonymous transactions online. Other forms of cryptocurrency, such as Bitcoin Cash, Litecoin, and Ethereum exist as so-called altcoins. Bitcoin and the other leading forms of cryptocurrency have become so popular that private mints are producing silver rounds with their images as a physical form of these digital currencies. There are various crypto-themed silver round collections available to collectors.
Bitcoin and Altcoins
Bitcoin is the unquestioned leader of the cryptocurrency world. Its 2009 introduction by Satoshi Nakamoto launched a movement that would expand several times in the next decade. The first cryptocurrency to emerge after Bitcoin was Litecoin, and it came with the rather unceremonious nickname of “altcoin,” a term used to refer to all other forms of cryptocurrency that are not Bitcoin.
Many of the other leading forms of cryptocurrency use the same technology as Bitcoin to process and track transactions: blockchain. In some cases, there is little difference between the varying forms of cryptocurrency other than the name itself. Following the creation of Litecoin, other types of cryptocurrency debuted that included Ethereum and Bitcoin Cash. Below, you can read brief backgrounds on each type of cryptocurrency represented in silver rounds within our catalog:
- Bitcoin: The first form of cryptocurrency, Bitcoin was launched in 2009 by the anonymous Satoshi Nakamoto, a figure many people believe doesn’t actually exist. By far the most popular, Bitcoin’s highest recorded value came in late 2017 when it hit $19,891.00 per unit
- Litecoin: The second cryptocurrency introduced, Litecoin was issued for the first time in October 2011. Litecoin is identical Bitcoin from a technical aspect, but it has a network speed that aims to process blocks every 2.5 minutes compared to Bitcoin’s 10 minute processing time. The result is that Litecoin transactions are processed quicker.
- Ethereum: This cryptocurrency was introduced in 2015 and is actually the second-largest market cap in the cryptocurrency industry. Its value and prominence are second only to Bitcoin. In a unique twist, Ethereum is its own blockchain-based platform that allows developers to create decentralized apps and smart contracts. A single unit of Ethereum is known as Ether.
- Bitcoin Cash: One of the more recent introductions, Bitcoin Cash was actually created in a software move known as a hard fork that split the currency from the original Bitcoin. Bitcoin Cash’s value has struggled since then as it split again creating two different forms of Bitcoin Cash. The two separate forms have a lower combined value than the singular Bitcoin Cash had before the hard fork.
- Dogecoin: Dogecoin is a cryptocurrency that started as a meme in 2013 featuring the Shiba Inu dog from the “Doge” meme. It was created by Billy Markus and Jackson Palmer as a fun and lighthearted digital currency. Dogecoin is often used for tipping and small online transactions due to its low transaction fees. Unlike Bitcoin, Dogecoin has no maximum supply limit and continues to be mined at a constant rate.
- Monero: Monero is a privacy-focused cryptocurrency that aims to provide anonymous and untraceable transactions. It was launched in 2014 and is known for its strong privacy features, including ring signatures and stealth addresses. Monero transactions are confidential, and the sender, receiver, and transaction amounts are hidden from public view. This privacy makes Monero popular among users who prioritize anonymity in their transactions.
- Cardano: Cardano is a blockchain platform and cryptocurrency created by Charles Hoskinson, one of the co-founders of Ethereum. It aims to provide a secure and scalable infrastructure for the development of decentralized applications (DApps) and smart contracts. Cardano uses a proof-of-stake (PoS) consensus algorithm called Ouroboros to secure its network. It places a strong emphasis on academic research, formal verification, and sustainability in its development.
- Tether: Tether is a type of cryptocurrency known as a stablecoin. Its value is typically pegged to the value of a traditional fiat currency like the US Dollar (USD). Tether is designed to maintain a 1:1 ratio with the fiat currency it is pegged to, making it less volatile than other cryptocurrencies. It is often used as a way for cryptocurrency traders and investors to move in and out of the crypto market quickly.
- Binance: Binance Coin is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges in the world. It was originally launched as an Ethereum-based token but later migrated to Binance’s own blockchain, Binance Chain. BNB is used for various purposes within the Binance ecosystem, including trading fee discounts, token sales, and more. It has gained popularity as Binance has grown in prominence.
- Shiba Inu: Shiba Inu is a meme-inspired cryptocurrency that gained attention in 2021. It was created as an experiment in decentralized community building and features the Shiba Inu dog breed, similar to Dogecoin. SHIB gained popularity due to its rapid price increase, but it is considered highly speculative and volatile. It is part of a group of tokens known as “meme coins” and is not associated with any specific project or use case.
Crypto Commemorative Collection from Blockchain
Blockchain Mint launched an exciting series of crypto currency-themed silver rounds that capitalizes on the growing popularity of several major forms of each digital currencies. The Blockchain collection features 1 oz proof and 1 oz antique silver rounds with designs honoring various forms of crypto currency.
The proof silver rounds of the Crypto Commemorative collection feature frosted design elements overlaying mirrored background fields to help create visual contrast between the designs and the background fields. Antique silver rounds in the collection have a brushed, matte appearance courtesy of the application of an antique polish to the silver rounds. Each silver round is individually numbered, housed inside of a protective plastic package, and comes with a numbered Certificate of Authenticity.
All of the silver rounds in the Blockchain Crypto Commemorative collection share the same reverse design. Both sides of the coin have background design elements that resemble computer coding and networks as a nod to the virtual existence of cryptocurrencies. On the common reverse, the design featured was inspired by a 2011 creation by MJB. This design appeared on the first commemorative “silver coins” released as a physical representation of cryptocurrencies.
Get Crypto Silver Rounds at JM Bullion
If you’re looking to buy silver, JM Bullion has an exciting range of Crypto Silver Rounds to choose from while shopping. The Crypto Silver Rounds mentioned above are popular with collectors and available to you today. Our customer service team can help you with any questions you may have during the process. You can call us at 800-276-6508, chat with us live online, or simply send us an email.
In a sign of how popular cryptocurrencies have become, you can even use your Bitcoin to purchase cryptocurrency silver rounds from JM Bullion. Learn more about our Bitcoin purchasing process here.