Different Cryptocurrencies you can invest in 2018 apart from bitcoin
Crypto currency is a digital form of currency which is designed to work as medium of exchange like the original currency. Bitcoin was created in 2008 and was first decentralized crypto currency. After the launch of Bitcoin other cyptocurrencies have been created called altcoin. Altcoin is alternative coins is other term for cryopcurrency other than bitcoin. We will discuss in details in which crypto currency you can invest in 2018.
Some of the trending altcoin are as follows: –
- Ripple (XRP)
- Ethereum (ETH)
- Monero (XMR)
- Litecoin (LTC)
- Zcash (ZEC)
- Dash (Darkcoin)
Ripple (XRP) Ripple is released in 2012. It purposes is to enable secure, instant and virtually free global financial transaction of any amount with no minimum possible charges. It’s an RTGS system developed by ripple for economical international transactions. Its main focus is for banking market; it is used by companies like Unicredit, UBS and increasingly adopted by banks and payment networks as a settlement infrastructure technology. Market capitalization of ripple is $1.26 Billion as of now. Current price is INR 135.
Ethereum (ETH) is released in 2015. It is an open source decentralized software platform, block chain based distributed computed platform featuring smart contract functionality. It is a virtual machine which can execute scripts using an international network of public nodes. It has a market capitalization of $41.4 Billion second only after the Bitcoins.
Monero (XMR) is another secure and decentralizd untraceable cryptocurrency released in april 2014. It provides privacy and decentralization that runs on Linux, android, windows and macOs. It uses a public ledger to record all the transactions while new units are created through a mining process. It has a market capitalization of $6.42 Billion.
Litecoin (LTC) is released in October 2011. And is a peer to peer cryptocurrency. It is an open source software project is aims to creation and transfer of coins and is not managed by any central authority. Its technical details are nearly identical to bitcoin. Litcoin has a faster block generation rate as compared to Bitcoin and thus offers a much faster transaction validation. Market capitalization of Litecoin is $20 billion.
Zcash (ZEC) is released in 2016 and is a more secure cryptocurrency aimed at using cryptography to provide enhanced privacy for its users compared to other crypto currencies such as Bitcoin. It is an open source, decentralized digital cryptocurrency. It is more secure and reports and notes all the transactions on a blockchain with all the details of sending and receiving parties and the amount transferred remains secure thus providing a provision for shielded transaction. Market capitalization of Litecoin is $2 billion.
Dash (Darkcoin) is released in January 2014 is also an open source peer to peer cryptocurrency aims to provide instant and secure transaction. Market capitalization of Litecoin is $7.9 billion.
Cryptocurrency seems to be a new way to transaction of money will stay here for long and it is to be like a dotcom bubble waiting to burst any time. Wait and watch what will be the future of there cryptocurrencies, right now they are the most sought investment options for millions.