The way that we will start to do faces in the coming generations and decades will be facilitated mostly through digital means. So what do I mean by this?
Well, the internet, it is very safe to say, has a profound impact on society, In fact, I dare say that if the internet went down today that there would be much pandemonium by people in society who just couldn’t deal with the lack of technology.
With this said it is more than reasonable to understand that technology would enter into the financial sector of our lives.
Cryptocurrency is easily becoming a compelling and accessible way to start mailing money, And the reasons for this is mostly because of the complete transparency that comes with dealing and doing transactions.
If you are an investor (or just getting into it) and looking to start getting into the whole blockchain hedge fund niche and sector then here are 14 different Cryptocurrencies that you may want to consider investing in or at the very least do a bit of research on.
There are more than just blockchain in regards cryptocurrency; however, Bitcoin is easily the most recognizable and the most expensive of the Cryptocurrency at the moment.
So here in this article, we have outlined the 14 Cryptocurrencies you want to look at before throwing your money into the while crypto world.
Bitcoin
Bitcoin is a digital and global money system currency. It allows people to send or receive money across the internet, even to someone they don’t know or don’t trust. Money can be exchanged without being linked to a real identity. The mathematical field of cryptography is the basis for Bitcoin’s security. – wikipedia
Now, as mention, this is the most recognizable and the most well-known cryptocurrency out there right now. Sounded back in 1998 this has become a significant player for those who want to invest in the digital world of finances.
With that said, there are many more Cryptocurrencies out there, and this is precisely what we want to go over in this article.
Zcash
ZCash is a cryptocurrency with a decentralized blockchain that provides anonymity for its users and their transactions. As a digital currency, ZCash is similar to Bitcoin in many ways including the open-source feature, but their significant differences lie in the level of privacy and fungibility that each provides.
Now, the Zcash is easily one of the most popular Cryptocurrencies aside from Bitcoin, and this is because of the fantastic security and privacy that can be made with transactions. This is very similar to bitcoin except that this Cryptocurrency allows you to send transaction privately.
The Digital Market Price: $135.94
The Market Capitalization: $64 million
Ethereum
Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions. – wikipedia
Coming up next is, and this is by far the most popular cryptocurrency outside of Bitcoin. This is a cryptocurrency that has become extremely popular with many conies around the world, and the primary reason, the major perk of many companies and people using this cryptocurrency comes down to the system. In their system, they use something called smart contact features.
What is the smart contact
It is a computer program that was created to define as well as enforce a certain set of conditions.
The Digital Market Price: $277.46
The Market Capitalization: $28 billion
Ripple
Ripple is a technology that acts as both a cryptocurrency and a digital payment network for financial transactions. – investopedia
Ripple differs a great deal in the sense that they seek to work with the financial sector than working against it and because of this it has received global recognition. With the top five money global transfer companies backing and using Ripple.
The Digital Market Price: $0.32
The Market Capitalization: $12.92 billion
Bitcoin Cash
Bitcoin Cash is a cryptocurrency created in August 2017, arising from a fork of Bitcoin Classic. Bitcoin Cash increases the size of blocks, allowing more transactions to be processed.
This came out as a result in a bit of a disagreement in the blockchain community. Because of the disagreement, there was a fork in the decision process, and thus the Bitcoin Cash was developed.
The Digital Market Price: $527.78
The Market Capitalization: $9.1 billion
Cardano
It is a third-generation cryptocurrency and smart contract platform that claims to improve upon the scaling problems of bitcoin, a first-generation coin, and ethereum, which belongs to the second- generation.
This system works by using financial applications and fusing it with smart contracts. The goal of this particular system is t provide facial inclusion.
The Digital Market Price: $0.10
The Market Capitalization: $2.47 billion
NEM
NEM is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015. Written in Java,with a C++ version in the works, NEM has a stated goal of a comprehensive distribution model and has introduced new features to blockchain technology such as its proof-of-importance (POI) algorithm, multisignature accounts, encrypted messaging, and an Eigentrust++ reputation system. – wikipedia
This is another system which works on trying to improve payment and logistics by making transactions and investments as visible and transparent as possible. They differentiate themselves by adding a bit of customizability to their system.
The Digital Market Price: $0.10
The Market Capitalization: $940 million
Stellar
Stellar is an open-source, decentralized protocol for digital currency to fiat currency transfers which allows cross-border transactions between any pair of currencies.
Stellar seeks to change the way that people view the banking system as well s the way payment is being made.
The Digital Market Price: $0.21
The Market Capitalization: $4 billion
NEO
NEO is a blockchain platform and cryptocurrency designed to build a scalable network of decentralized applications.
NEO is all about the digital world and making things as clean, bright and transparent as possible. The system focuses heavily on “smart economies” and makes it very easy to move, transfer and receive money.
The Digital Market Price: $18.32
The Market Capitalization: $1.19 billion
IOTA
IOTA is a distributed ledger designed to record and execute transactions between machines on the Internet of Things (IoT) ecosystem.IOTA has a cryptocurrency called mIOTA. IOTA’s platform uses a Decentralized Acyclic Graph (DAG) instead of a blockchain used by other, similar systems. – Investopedia
IOTA means Internet of Things Application. This system is betting on the future and more precisely the way that devices will, be playing in the future. Meaning the way, which we buy, sells, purchase and just do any form of financial interactions on the internet.
The Digital Market Price: $0.58
The Market Capitalization: $1.63 billion
Dash
Dash (formerly known as Darkcoin and XCoin) is an open source peer-to-peer cryptocurrency and decentralized autonomous organization (DAO). It features instant transactions, private transactions, and a self-funded, self-governed organizational structure.
Out of all the cryptocurrencies out ever, this is the one that is used the most for buying and selling. Its developmental goal was to create something that would be used to help people buy and sell items much more effectively.
The Digital Market Price: $146.49
The Market Capitalization: $1.21 billion
Monero
Monero (XMR) is an open-source cryptocurrency created in April 2014 that focuses on fungibility and decentralization. Monero uses an obfuscated public ledger, meaning anybody can broadcast or send transactions, but no outside observer can tell the source, amount or destination.
This is a type of cryptocurrency which is used mostly o the dark web. If you are unfamiliar with the dark web, then you might want to look that up. It’s not too strange or scary, but there are many things on there that you WILL NOT find on the regular web.
The Digital Market Price: $95.65
The Market Capitalization: $1.56 billion
TRON
Tron is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology, and allows easy and cost-effective sharing of digital content.
Tron is looking to dominate the crypto world like Facebook has dominated the social media world.
The Digital Market Price: $0.02
The Market Capitalization: $1.52 billion
Litecoin
Litecoin is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins are based on an open source cryptographic protocol and is not managed by any central authority.Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011. In technical details, litecoin is nearly identical to Bitcoin
Litecoin seeks to make the transaction happen in a much quicker and more effective manner. They seek to make their transaction in as little as two and a half minutes. This is compared to ten minutes when you try and do a transaction with Bitcoin.
The Digital Market Price: $57.37
The Market Capitalization: $3.32 billion
Final Thoughts
There are many more cryptocurrencies out here, and these are just scratching the main surface of the cryptocurrencies. With that said it would always be a good idea to do a bit of research on the up and coming cryptocurrencies that will soon to be released. Because who knows, if you can find that right one, you may very well be the next billionaire.
Recap
Zcash
Now, the Zcash is easily one of the most popular Cryptocurrencies aside from Bitcoin, and this is because of the fantastic security and privacy that can be made with transactions. This is very similar to bitcoin except that this Cryptocurrency allows you to send transaction privately.
Ethereum
Coming up next is, and this is by far the most popular cryptocurrency outside of Bitcoin. This is a cryptocurrency that has become extremely popular with many conies around the world, and the primary reason, the major perk of many companies and people using this cryptocurrency comes down to then system. In their system, they use something called smart contact features.
Ripple
Ripple differs a great deal in the sense that they seek to work with the financial sector than working against it and because of this it has received global recognition. With the top five money global transfer companies backing and using Ripple.
Bitcoin Cash
This came out as a result in a bit of a disagreement in the blockchain community. Because of the disagreement, there was a fork in the decision process, and thus the Bitcoin Cash was developed.
Cardano
This system works by using financial applications and fusing it with smart contracts. The goal of this particular system is t provide facial inclusion.
Litecoin
Litecoin seeks to make the transaction happen in a much quicker and more effective manner. They seek to make their transaction in as little as two and a half minutes. This is compared to ten minutes when you try and do a transaction with Bitcoin.
NEM
This is another system which works on trying to improve payment and logistics by making transactions and investments as visible and transparent as possible. They differentiate themselves by adding a bit of customizability to their system.
Stellar
Stellar seeks to change the way that people view the banking system as well s the way payment is being made.
NEO
NEO is all about the digital world and making things as clean, bright and transparent as possible. The system focuses heavily on “smart economies” and makes it very easy to move, transfer and receive money.
IOTA
IOTA means Internet of Things Application. This system is betting on the future and more precisely the way that devices will, be playing in the future. Meaning the way, which we buy, sell, purchase and just do any form of financial interactions on the internet.
Dash
Out of all the cryptocurrencies out ever, this is the one that is used the most for buying and selling. Its developmental goal was to create something that would be used to help people buy and sell items much more effectively.
Monero
This is a type of cryptocurrency which is used mostly o the dark web. If you are unfamiliar with the dark web, then you might want to look that up. It’s not too strange or scary, but there are many things on there that you WILL NOT find on the regular web.
TRON
Tron is looking to dominate the crypto world like Facebook has dominated the social media world.
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