Since its inception, Bitcoin has managed to keep its place on top of the most sought after cryptocurrencies, despite the incessant volatility.
While the year 2017 began with an exponential growth, 2018 saw prices collapse to almost $ 6,000. For this reason, crypto-enthusiasts pushed towards other hot coins. Fortunately, there is no shortage of options available to investors. In fact, here are some who have gathered considerable momentum in the last few months.
The Top 10 Cryptocurrencies of 2018
Cryptocurrencies such as Ripple is a guaranteed payment method that offers its users an economical and immediate means of international payments. It was launched in 2012. It allows banks to transact across international borders. Its transparency and low-cost operations make it an encryption mode for users. The non-requisite of mining to confirm a payment makes his master book of consensus truly unique. Thus, it significantly reduces the use of computing power. It has become one of the most sought-after digital currencies among traditional commercial institutions that are trying to revolutionize the trend of cross-border payments.
XRapid will help companies and financial institutions to transit without friction. It will also address the problem of "minimizing liquidity costs and speeding up cross-border payment transactions." XRapid claims to significantly reduce capital requirements for liquidity, "as reported by CNBC. In addition, SBI Holdings' CEO, Yoshitaka Kitao, is confident about the $ 10 coin targets. Brad Garlinghouse also says that banks will use XRP products by 2019. The more xRapid is used, the greater the value of the digital currency.
The manufacturer launched Litecoin in 2011. It is among the first cryptocurrencies. The crypto-enthusiasts also know it as silver for its comparisons with Bitcoin which earned the mark of "gold". Charlie Lee, a former Google engineer, created this digital currency. Litecoin uses an open source payment network. No central authority has any control over this payment network. The system uses "scrypt" as proof to prove payment. You can easily decipher the "scrypt" with the help of CPUs for consumers. Litecoin can generate a block faster than Bitcoin. Therefore, the transaction can be confirmed more quickly using this currency. An increasing number of traders are constantly using Litecoin.
Cryptocurrencies like NEO came to life in 2014. Because of the use of smart contracts on similar lines with Ethereum, NEO is also called "Chinese Ethereum". 2017 was the best for the digital currency. The value of each of its tokens increased from $ 0.16 in January to $ 162, within a year. His programming support played a key role in his success. It supports programming in many languages such as Go, Java, C ++, etc. Because of its friendly ties to the Chinese government, NEO has received many benefits.
Monero offers users a private, secure and untraceable cryptographic exchange method. It is an open source cryptographic currency, launched in April 2014. The development of this cryptographic currency was based entirely on donations and driven exclusively by the community. The use of the "ring signature" technique helps Monero maintain complete privacy in its operations. With this method, multiple group signatures are displayed with at least one authentic participant. Because all these signatures look the same, the true participant can not be identified. However, these exceptional security mechanisms have given Monero a dubious reputation. Criminal operations have often seen the use of this crypto-currency to commit fraudulent activity.
Zcash is an open source digital currency with a decentralized system. It was launched in late 2016. Zcash offers its users sufficient privacy and transparency to carry out transactions. Zcash records all offers and publishes them on the blockchain. However, the crucial details such as the amount, the recipient and the sender remain anonymous. Zcash offers its users the alternative of "screened" transactions. These operations allow you to encode the content using advanced cryptographic methods.
Tether was created to match the meaning of USD. This coin has its origin in Hong Kong. He has close ties with Bitfinex. The company designed Tether to exchange dollars quickly and comfortably. Use a decentralized blockchain technology. However, it does not work in a distributed method of smart contracts. Furthermore, humans manage this currency that discourages people from using this cryptocurrency.
Cryptocurrencies like Cardano are relatively a new digital currency. Launched in 2017, Cardano offers a viable solution to the most urgent issues affecting the crypto industry, ie scalability and interoperability. The cryptographic currency is currently committed to finding a definitive solution to the expensive and expensive international payments business. His attention to this problem has led to a reduction in processing time for global payments from days to seconds. For Cardano's most enthusiastic supporters, it's a great alternative to Ethereum.
Initially called darkcoin, it eventually took on the name "Dash". Dash works on a decentralized network of master code that enhances the anonymity factor. Therefore, traceability of transactions becomes almost impossible. Since its launch in 2014, it has managed to gain a significant following from fans. The mining process in Dash is quite simple and can be done using a CPU.
At the moment, over 3,000 companies worldwide accept DASH payments. Almost half of those companies are in Venezuela. In fact, the country has been ready to accept DASH due to hyperinflationary problems. Many are turning to the crypt as a way to store value because bolívar's exchange rate spirals are out of control.
Bitcoin Cash (BCH)
Bitcoin Cash has a significant place in the cryptocurrency space. After separating from Bitcoin, Bitcoin Cash has seen its share of success in the cryptic world. The reason for the division with Bitcoin was the problem of scalability. While Bitcoin has a strict limit on the size of blocks that can not be more than 1 MB, Bitcoin Cash has a volume greater than 8 MB. The idea behind having bigger blocks was to facilitate faster transactions. Bitcoin Cash also eliminated the segregated witness protocol, which impacted block space.
EOS is one of the last cryptocurrencies that has come to this list. The company launched it in June 2017. EOS shares many similarities with Ethereum for its design after Ethereum. Thus, similar to Ethereum, it also provides developers with a platform on which they can build decentralized applications. The initial offer of EOS coins was the most profitable in the history of cryptographic coins. He raised an offer of $ 4 billion. The lack of the mining procedure makes it quite revolutionary in cryptographic space.
Stay tuned to this relationship. We will probably add even more to the adoption of cryptocurrency that is gaining momentum.
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