The amount of Bitcoin ATMs worldwide has reached 4000

[ad_1]

From the moment the first cryptocurrency was launched into the network, no one could ever believe that it will become the most attractive investment object. Even investors who previously admitted the possibility of making profits only from IPO shifted their focus to ICO and other means of investing in digital currencies.

Curiosity increased significantly in 2017, when the cryptocurrency shocked the market with its capitalization, which rose from $ 18 to $ 800 billion. However, the phenomenal increase has turned into a fatal fall of market capitalization to the point of $ 254 billion. Now, it's the end of October 2018 and the world is anticipating another growth in cryptocurrencies.

This is why it is necessary to consider TOP 10 the most interesting cryptocurrencies for investments in 2018.

1. Bitcoin (BTC)

It is the most popular cryptocurrency that requires no introduction. Even those who have nothing to do with the cryptography industry and hardly distinguish the blockchain from the blockbuster are aware of it. The only thing is that many people have problems with the concept of Bitcoin, such as a cryptocurrency and a platform.

So we try to solve it. Bitcoin is a payment system that uses Bitcoin or, in short, BTC cryptocurrency coins to record transactions. The peculiarity of the system lies in the objective of excluding centralized intermediaries such as banks, credit institutions and others. For example, you need to transfer 1 BTC and you can do it via the Bitcoin payment system without banks and other financial institutions. Bitcoin cryptocurrency is an alternative to legal currencies such as USD, RUB, JPY and others.

Bitcoin professionals

The advantages of BTC can be discussed in infinity. After all, the largest cryptocurrency is the oldest of all the existing cryptocurrencies. It has the largest crypto community, which includes developers and investors who support the further development of the Bitcoin currency.

BTC is easy to buy, as it is supported by all the well-known exchanges of cryptocurrencies and digital wallets. The world's fundamental economy takes into account the world's first cryptocurrency and well-known platforms such as Bloomberg, Microsoft, Overstock.com, Expedia.com and others accept the BTC cryptocurrency as a means of payment for the purchase of goods and services.

Against Bitcoin

It has an annoyingly slow transaction speed that takes about 10 minutes. This is due to the ability of the network that is able to process no more than 7 transactions per second.

Due to the growing competition within the network, BTC mining has become extremely energy-consuming. Today, not everyone can afford a mine. Because Bitcoin mining requires ultra-powerful computer equipment with corresponding costs. Besides that, it consumes a lot of electricity.

The cost of Bitcoin transfer is unreasonably high, which makes it less attractive to many people.

Historical show

It's hard to believe, but in 2010 everyone could afford BTC, since the price for one was around $ 1. Is that nothing? But in December 2017, the price seemed not to be any fun. A BTC was sold almost at the price of $ 18 thousand.

After such an ascent the rapid fall began. Now, BTC is experiencing recovery times, the cryptography industry is anticipating a new wave. Even in the waiting period, Bitcoin remains the world's first cryptocurrency in terms of capitalization, which represents 30% of the cryptocurrency market.

2. Ethereum (ether)

If you are not yet familiar, let me introduce you to the second cryptocurrency in the world, after Bitcoin, which is much in demand and interested by a large audience that does not even have to deal directly with digital coins.

The first Ethereum coin was created in 2015 by Vitaly Buterin. Many people believe that it is more than a cryptocurrency. The ether has the same situation as Bitcoin, as it is both a platform and a cryptogen. As a platform, Ethereum is developed on blockchain technology for the creation of decentralized services and smart contracts. ETH is an intra-platform currency that is used as a payment method for services provided by the Ethereum platform.

The professionals of Ethereum

It is the largest global platform for creating smart contracts. Provides a complete base for the launch of tokens and other projects based on blockchain technology. Transactions in the Ethereum system are completed in a few seconds, while Bitcoin waits for you for 10 minutes.

Ethereum cons

During downsizing, Ethereum has faced many problems. The platform still controls transactions that cause a network overhead on the Proof-of-Work mechanism. ETH mining requires a high computing power, which can only be provided by ultra-powerful computer equipment. Not everyone can afford such mining equipment and the cryptocurrency extraction process consumes a lot of electricity. But now the developers are trying to solve the problem related to electricity consumption requests and reduction of network competition.

Ethereum also supports only a programming language called Solidity. The second cryptocurrency in the world from time to time faces the competitive pressure of digital currencies, such as NEO and Cardano, because they offer similar services through improved technology.

Historical show

2017 was the best year for ETH. So the price of the digital currency started to grow rapidly. The price increase lasted until January 15, 2018. So the cost of an ETH was $ 1,390. Now, as of the end of October 2018, ETH is undergoing degeneration.

3. Ripple (XRP)

This is a unique cryptocurrency, a platform that has an evolutionary mission as the elimination of problems related to the implementation of international payment transfers. The Ripple platform, with its digital currency, was launched in 2012 to accelerate and reduce the costs of international transactions.

Ripple pro

Any international transfer takes a week, while Ripple takes only a few seconds to complete this task. Furthermore, the transfer fee is much lower. Compared to the traditional canon, it is a small sum of money. The platform partners are real financial institutions, including American Express and Santander. Many people think that making money with Ripple's cryptocurrency is more than realistic.

Ripple cons

The platform contradicts a fundamental principle of cryptocurrencies like decentralization. Given that half of the XRP belongs to the scalability of the company, it follows that the management of the digital cash flow of the Ripple platform centrally.

Historical show

Ripple was launched in 2012, but it achieved success only in 2017. After a fantastic increase in cryptocurrency prices, XRP became the third largest digital currency in terms of capitalization. Ripple surprised everyone because his price grew from almost zero to $ 4.

4. Bitcoin cash (BCH)

As you've guessed, Bitcoin's money is a fork cryptocurrency of the well-known Bitcoin, which was originally launched in the network in 2016. Fork appeared in the result of not making a single decision by Bitcoin developers about system updates. In effect, Bitcoin Cash is an improved version of Bitcoin.

Bitcoin Cash pro

During the upgrade, the block size was increased to 8 MB, which significantly increased the transaction speed. Recall that a Bitcoin block has a volume of 1 MB, which explains the low transaction speed.

Bitcoin cash

It is suggested that Bitcoin money becomes decentralized as its parent company. However, now it remains doubtful.

The extraction of BCH is an expensive thing. Because of competition on the net, it has become very difficult and consume energy to extract new blocks. Now, to extract Bitcoin Cash you need a huge computing power provided by ultra-new computer equipment. The cost of such machines is sky-high. Competition in the network is constantly increasing, so mining will require constant updating of IT equipment.

Historical show

After the first launch of the network, Bitcoin Cash has very quickly reached TOP cryptocurrencies. In July 2017, the price of the currency rose from $ 500 to $ 4 thousand. Anyone can compare the Bitcoin and Bitcoin Cash charts. We recommend CoinMarketCap for monitoring. By comparing the graphs, make sure that the price performance of BCH is very similar to that of BTC.

5. EOS

It was launched by ICO in June 2017. The platform itself is considered a direct competitor of Ethereum and NEO. It was created by Dan Larimer, the founder of the cryptocurrency exchange Bitshares and Steemit. EOS is a platform for developers who are working to create decentralized management applications and improved smart contracts.

EOS Professionals

The platform will be much larger and will have a more global impact than the well-known Ethereum. These forecasts are justified by an enhanced mechanism for monitoring transactions. Presumably, developers will be able to accelerate the transaction speed to 10,000-100,000 transactions per second.

EOS supports various programming languages, including C ++. The names of the team members who worked on the concept and are currently improving and launching their platform, are known around the world.

EOS against

The only one and the main disadvantage of EOS is that the platform is still in test mode. Therefore, all its advantages are just forecasts for the future.

Historical show

Since its launch, the cost of the EOS token has increased significantly. At the same time, it is one of the few digital currencies that has suffered heavily from the collapse of the cryptocurrency market, which took place at the beginning of 2018. Despite the fact that currently, in October 2018, the cost of EOS does not exceed $ 6, the cryptocurrency remains in the TOP 10.

6. Stellar (XLM)

This cryptocurrency is a Ripple fork. The founder of XRP and XLM is Jedo McCaleb, which is why he combines Stellar and Ripple. The digital currency introduced differs from the others, which are in the TOP, from the fact that the project it supports is not commercial.

Pro stellar

The XLM is much more decentralized than Ripple. It is more reliable because it is not commercial. More than 30 banks and financial organizations, such as Deloitte and IBM, collaborate with Stellar.

Against stellar

There is a huge competition aimed at solving problems related to international payments. Ripple is among the competitors.

Historical show

The stellar currency exchange platform has been operational since 2014. The revolutionary solutions of developers integrated into the platform have helped the XLM cryptocurrency to enter the TOP 10 best digital currencies in the world to invest.

7. Litecoin (LTC)

A former Google employee, Charlie Lee, created the Litecoin payment system in 2011, whose cryptocurrency is called LTC. The platform is developed on Bitcoin blockchain technology. This fact raises the question: "What is the difference between LTC and BTC?" As a matter of fact, there is no difference. Litecoin has reached the top ten thanks to the fact that it has stood the test of time.

Litecoin pro

Transactions with LTC take no more than 2.5 minutes, while Bitcoin makes you wait for around 10 minutes. The average transaction fee amounts to $ 0.179. This is undoubtedly an advantage, as the average Bitcoin commission is $ 1.8.

Litecoin cons

This digital currency can not offer anything but an insignificant transaction speed. It is not substantially different from other cryptocurrencies. Litecoin is constantly facing competition, which can offer a much better offer, complemented by confidentiality, smart contracts, international exchanges of money and others.

The Litecoin currency can be extracted. But this mining activity will be very expensive due to the high consumption of resources such as computing power, electricity and other things.

Historical show

Litecoin was among the top 10 cryptocurrency leaders for 7 years. Its sidereal time was in December 2017, when the cost rose to $ 350 from $ 4. After the price increase there was a collapse, which negatively affected the majority of cryptocurrencies.

8. Tether (USDT)

This cryptocurrency is linked to dollars, a legal currency. It's called an encrypted-fiat hybrid, because the cost is linked to a fiat currency: 1 USDT is always equal to $ 1. The dollars are not the only currency to which the USDT is anchored. The cryptocurrency also supports euro and yen.

Tether cons

There are no problems with the transfer of these currencies to other currencies, as the fiat legal currencies constitute a benchmark of prices. Although Tether's currency is considered hybrid, it still retains the advantages of cryptocurrencies, such as decentralization, transparency and accessibility.

The professionals of Tether

Perhaps, this cryptocurrency is one of the most scandalous. News portals break news every day, where the well-known figures of the cryptic industry criticize the hybrid currency. Tether can refuse to serve customers who do not meet consumer conditions.

Historical show

Tether was launched for the first time in 2015 by Tether Limited Company. For such a short period of its existence, cryptocurrency has become part of the TOP 10. From 2017 to 2018, the $ 10 million token issuance volume rose to $ 2.4 billion.

9. Cardano (ADA)

In 2017, Charles Hoskinson created Cardano. He worked on development together with the co-founder of Ethereum. Cardano is a decentralized platform for creating similar applications and smart contracts. The idea is the same as the Ethereum, but the difference is that Cardano is an improvement. At present, Cardano is the most modern generation of blockchain technology.

Cardano professionals

The platform is supported by academic communities whose members are famous blockchain scientists and scientists. Cardano is much larger than Ethereum and its throughput per second is 257 transactions.

Cardano cons

Many concepts presented before the launch of the platform have not yet been implemented to date as a final product. It has strong competitors: Ethereum, EOS, NEO, Fusion.

Historical show

Although Cardano is a new cryptocurrency, it has already managed to contribute to cryptography and to enter the TOP companies. During the period of enormous increase in cryptocurrency prices in 2018, ADA rose from $ 0.2 to $ 1.2. In March 2018 the price of Cardano has decreased significantly, but now, at the end of the year, it is coming back to life a bit.

10. Monero (XMR)

This cryptocurrency is for anonymous payments. Monero is issued via cryptograms and has no relation to a fiat currency, which is why transfers are made through this platform without banking interference.

Monero professionals

The cryptocurrency date does not depend on a fiat currency, which is why it is indifferent to inflation. XMR has its limited number which guarantees the permanent increase in the demand for currency. Monero is considered one of the most reliable cryptocurrencies among those currently in circulation. Further, it guarantees complete anonymity and protection of its owner.

Monero cons

Each transaction volume is about 8 times larger than the Bitcoin system. Although Monero positions himself as an anonymous cryptocurrency, some critics continue to deny this peculiarity and place it under enormous doubt.

Historical show

For the crypto-industry, Monero became more recognizable in mid-2016, when its price started to grow actively. In August 2016, an XMR coin was sold for about $ 1.7, and in September of the same year the first serious digital record recorded for Monero in the amount of $ 13. Nobody could ever think that new records will appear and most successful. March 2017 brought the good news with the $ 22 brand, August showed the number of $ 144 and December surprised a lot that the XMR price has reached $ 460. Do you think it was a limit? Of course, it was not. At the moment the maximum Monera record obtained in January 2018 with the price indicator of $ 494.

So, after a huge growth the heavy fall begins. The cryptocurrency today is sold approximately at the price of $ 100 per coin.

Subscribe to The Coin Shark Facebook news: https://www.facebook.com/coinshark/

[ad_2]Source link