The Sick Truth of Cryptocurrency

The use of cryptocurrency like elvis coin pusher ohio casino is growing rapidly, but the currency is becoming increasingly monitored for potential threats. For that reason, it makes sense to find out what the cryptocurrency market has to offer and where you can invest. These are the world’s top 10 cryptocurrencies by market capitalization as well as those cryptocurrencies with communities that are thriving who may be worth your while.

1. Bitcoin

The first cryptocurrency is still the most popular and the market cap has never been higher than it is right now. Bitcoin is accepted almost everywhere in the world so you are able to use it to buy just about anything you want. The bitcoin developer team has been working on SegWit2x for some time, which supports side chains that allow for more transactions per block. This will help with traffic delays, transaction fees and in turn, everything else.

For those who aren’t aware of how Bitcoin works: Every transaction that you make using BTC can be found on a public ledger known as the blockchain.

2. Ethereum

Ethereum is a public cryptocurrency platform that allows for smart contracts and decentralized applications, or DAPPS, to be built and run. Though Ethereum has had its fair share of problems when it first started, such as the hack of the DAO, it is still considered to be one of the most promising cryptocurrency platforms out there. The creator of Ethereum Vitalik Buterin is working with a team that has some impressive potential within the cryptocurrency market. For example, there are plans for an Ethereum debit card in the works so that users can use their digital currency easier than ever before.

3. Litecoin

Another cryptocurrency that has been taking the world by storm is Litecoin. The breakdown of Litecoin transactions is as fast as Bitcoin’s, at a rate of roughly four seconds. What separates Litecoin from Bitcoin though is that it uses a memory hard hashing algorithm. This means that while it may be impossible to come up with an algorithm to beat Litecoin’s current mining difficulty, it also somewhat limits the amount of coins that can be mined in the future. Interested in mining or investing? Here are 5 bad reasons why Bitcoin and altcoins might crash in 2017

4. Dash

If you are looking for a cryptocurrency that has some incentives for people who hold it, then Dash might be the one for you. Known as “Digital Cash” Dash gives users who hold the currency some small rewards in the form of a free coin every now and then, but what really sets it apart is how fast transactions are completed. In only around 2.5 minutes, you can complete a transaction using Dash where it would take much longer with Bitcoin or other forms of payment.

5. Zcash

The rise of privacy coins like Zcash have been on the rise over the past 5 months or so because people are looking to use cryptocurrency in more private markets than ever before. Zcash is another cryptocurrency that relies on that anonymous technology to keep users transactions just that: anonymous. There is no known way to track the information of a Zcash user, though if you are looking to use it like Bitcoin and make purchases, you would have to convert it back into Bitcoin first. Zcash ‘s future looks bright.

6. Monero

Another cryptocurrency on the rise is Monero, which relies on a special technique for security called CryptoNote. This technique makes using it impossible for transaction amounts or sender information to be disclosed, allowing users the ability to trade securely without worrying about someone else being able to track them down. It also is a popular form of cryptocurrency because it relies on open source technology and has been active for a few years already.

7. IOTA

IOTA uses what’s called “Tangle” technology which allows for more transactions to take place at once on the blockchain. Being that the technology is called tangle, it looks like a big ball of string, but it’s really more complex than that. Using this technology, IOTA has been publicized as an open source cryptocurrency with no fees for transactions or mining. On top of being environmentally friendly, IOTA also claims to be less susceptible to attacks on the system because it uses a form of distributed ledger called a Directed Acyclic Graph (DAG) instead of a blockchain.

8. NEO

The future of cryptocurrency has always been in the hands of Chinese startups and NEO is an upstart that is making waves among those who are interested in blockchain technology. Since NEO is a cryptocurrency that relies on the Chinese government to provide the blockchain and its software, it has been adopted by many Chinese startups. A few of these include some of the largest Bitcoin exchanges in China and others that are working towards creating decentralized applications.

Summary:

In conclusion, the world’s top 10 cryptocurrencies are here to stay and they are here to attract investors and make money. With so many of them on the rise, you should be looking into investing in some of them.

With this article in mind, what is your favorite cryptocurrency? What are you doing with it? What new use cases can it offer?