Best Cryptocurrencies to Invest in Now
The closest thing you’ll get to a blue-chip cryptocurrency, Bitcoin has dominated the market since the first bitcoins were mined in January 2009 – but that doesn’t mean it has always been smooth sailing.
Bitcoin Cash (BCH)
Cryptocurrencies like Bitcoin are predicated on blockchain technology, which stores information about crypto transactions within “blocks” of data that can contain 1 megabyte of data. As the currency grew more popular, these data blocks filled up, slowing down bitcoin transactions and increasing transaction fees.
Cryptocurrencies tend to seem obscure and complex to those who don’t understand the underlying technology, but Litecoin was created to help fix that. In fact, founder Charlie Lee wanted to create the “lite” version of Bitcoin and develop a cryptocurrency that could play the role of “silver to Bitcoin’s gold.” Lee did just that with Litecoin in 2011,
One of the main philosophies behind cryptocurrencies is the decentralization of currency. Ethereum takes that a step further – rather than decentralizing money, Ethereum’s goal is to decentralize the internet by replacing servers with a worldwide system of nodes, creating “one computer for the entire world.”
Binance Coin (BNB)
Like Ethereum, Binance Coin is much more than a cryptocurrency – as a matter of fact, Binance Coin was originally hosted on Ethereum until the Binance decentralized exchange, or DEX, went online in 2017. The Binance DEX is a platform much like Ethereum, albeit with a different mission.
The past year brought extreme upheaval within the entertainment industry, leaving it ripe for disruption. This is exactly the sort of opportunity the founders of Tron must have been hoping for when they built a decentralized, blockchain-based platform for sharing content. Whereas many of the biggest entertainment companies in the world profit from gathering and selling data about their users,
The Ethereum platform is predicated on smart contracts, or agreements between two parties on a blockchain network with the transaction recorded in blocks of data. The problem is that these transactions can only occur on a platform like Ethereum, and they need some way to draw real-world data into the platform in order to execute smart contracts when certain conditions are met.