Investing in the cryptocurrency market is often difficult, especially for traditional investors. This is due to the use of new technologies, tools and the adoption of some new concepts to invest directly in Cryptocurrency.
If you decide to dive into the world of CryptoCurrency, you need to have a clear idea of what to do and what to expect.
Whether it’s Bitcoin, Litecoin, Ethereum, or any of the 1,300 tokens, buying and selling cryptocurrencies requires you to choose an Exchange that deals with the products you want.
Bitcoin, the most popular decentralized cryptocurrency, dominates the cryptocurrency space so much that the terms crypto and bitcoin are sometimes interchangeable. However, the fact is that there are other cryptocurrencies that can be trusted to make crypto-investments.
Litecoin, also known as “silver for Bitcoin gold”, is an open source decentralized payment network that operates without intermediaries.
How is Litecoin different from Bitcoin? Well, both are similar in many ways, but Litecoin’s block generation is faster than Bitcoin. This makes it open to investors around the world to accept Litecoin.
Charlie Lee, a former Google engineer, founded Litecoin in 2011. Although Litecoin does not have Bitcoin anonymity technology, recent reports have shown that Litecoin is second only to bitcoin in terms of durability. Another factor that favors Litecoin is Bitcoin SegWit technology, which means secure peer-to-peer trading without the involvement of currency exchanges.
Launched in 2015, Ethereum is a decentralized software platform that allows distributed applications and smart contracts to run without third party intervention. Currency is ether as an accelerator on the ethereum platform. Ethereum in the leading cryptocurrency space. It is the second most popular option after Bitcoin.
Zcash drew attention in the second half of 2016 and focused on solving the problem of anonymous transactions. To understand the currency, let’s take it as “if bitcoin is like HTTP for money, Zcash is like HTTPS”.
Currency offers a protected transaction option to protect the transparency, confidentiality and security of transactions. This means that investors can transfer data in the form of encrypted code.
Originally known as darkcoin, Dash is a more selective version of bitcoin. It was launched in January 2014 by Evan Duffield under the name Xcoin. It is also known as the Decentralized Autonomous Organization or simply DAO. The coin was designed to remove all the dominant restrictions of Bitcoin. Currently, Bitcoin has gained an important position in the space of cryptocurrencies.
It is an alternative cryptocurrency to virtual currency that promises secure and anonymous transactions through a peer-to-peer network. The key to making big money is to invest at the right time. Compared to making money on a daily basis, cryptocurrency models operate as a decentralized digital mechanism without involving any average person. Continuous operation in this distributed cryptocurrency mechanism is provided, managed and approved by a network of community peers. Cryptocurrency is known for its fast transactions in any other mode, such as digital wallets and other tools.
In addition to the above, other best cryptocurrencies include Monero (XMR), Bitcoin Cash (BCH). EOS and Ripple (XRP).
Although bitcoin is trend-setting and leading the race, other currencies have also gained important positions and dominate every day. Given the trend, other cryptocurrencies will have a long way to go and may soon give Bitcoin a really hard time maintaining its position.
If you decide to invest specifically in this destructive technology and want to have all the current and future recommendations, contact The Top Coins.