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A dive into the world of cryptocurrencies

Vontobel was one of the first issuers to issue tracker certificates on the crypto currencies Bitcoin, Bitcoin Cash, Ether, Ripple and Litecoin. Investors who assume a positive development of the price of the respective crypto currency can now participate for the first time in the performance of Bitcoin, Ether or Ripple in the form of a security and trade this simply and transparently.


In February 2009 - at a time when confidence in the global monetary system was severely shaken by the financial market crisis - a blog post on Bitcoin by Satoshi Nakamoto caused a sensation on the Internet.  
He wrote: "The core problem with conventional currencies is the degree of trust that is necessary for them to function. The central bank must be trusted not to devalue the currency, but the history of paper money is full of betrayals of this trust. (...) With an electronic currency based on cryptographic evidence and requiring no trust in middlemen, money is safe and can be easily transferred."

Bitcoin Cash

On 1 August 2017 Bitcoin Cash was created from the original crypto currency Bitcoin. The Bitcoin blockchain was split into two new blockchains - Bitcoin and Bitcoin Cash - by a "hard fork". Both crypto currencies used the same ledger until the spin-off. At the fork of the blockchain, two different general ledgers were created, which from then on were managed independently of each other.
Bitcoin Cash allows the blocks to be enlarged from one to eight megabytes. This increases the number of transactions that can be processed by the network. Bitcoin Cash will thus be able to keep pace with the transaction volume of industry giants such as PayPal and Visa. Transactions in Bitcoin Cash also require significantly lower transaction fees than equivalent transactions in the Bitcoin network. In terms of market capitalization, Bitcoin Cash is the fifth largest crypto currency. In November 2018, "Bitcoin SV" was created from a Bitcoin Cash hard fork.


In 2013 the programmer Vitalik Buterin published a white paper about the digital currency-based platform "Ethereum". Vitalik argued that a digital token and the associated blockchain enable much more than just peer-to-peer money transfer.
Based on this vision, he created a complete virtual ecosystem with a global blockchain and a smart contract programming platform. Both are driven by a native digital currency, the "Ether" (ETH).


Like Bitcoin, Ripple (XRP) is based on blockchain technology. Unlike Bitcoin, however, Ripple is not a pure crypto currency, but a payment token - the currency - within the Ripple network. With a current market capitalization of over USD 15 billion, Ripple is the third largest crypto currency in terms of market capitalization after Bitcoin and Ether.
The vision of Ripple's founders is to connect the world's financial systems, make payment transactions more cost-effective and faster, and enable the secure transfer of assets in real time.


Litecoin (symbol: Ł or LTC) is a digital currency that enables peer-to-peer money transfers in real time and almost free of charge. It is a worldwide and decentralized open source payment network without a central authority and has many similarities to Bitcoin.
Litecoin was introduced in 2011 and is the oldest crypto currency in the world after Bitcoin. Compared to its "big brother" Bitcoin, Litecoin offers faster transaction times (2.5 minutes compared to 10 minutes in the Bitcoin network) and improved storage capacity. It is therefore the perfect complement to the best-known crypto currency.