We’ve been primarily focused on only discussing Bitcoins, because as of now it’s the largest most well known crypto currency out there to date. However there are many others that exist numbering in the hundreds, according to wikipedia as of May 2014 there are 275 crypto currencies out there in circulation. Just as the US Dollar is the most widely used prominent currency in circulation today as the world’s “reserve currency” Bitcoin is basically the reserve currency of the crypto coin world. It’s market capitalization is right under $6B USD as of today (9/24/2014)
Screencap of the largest crypto currencies by market capitalization to date.
There are a few crypto currencies in circulation at the moment. We’re focusing on the ones with the largest market capitalization.