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Cryptocurrencies are the future of defi promotion. There’s no denying it. Bitcoin is one of the most successful currencies in recent times and Ethereum has only just come to light for many people. It’s clear that digital currencies have their place in our financial landscape, but what about all the other crypto?
This post will provide you with a list of our favorite cryptocurrencies that you can invest in or use to fuel your projects. From Ripple to Litecoin, we will explore all aspects of each cryptocurrency and why it may be worth considering.
Ripple is one of the more popular cryptocurrencies on the market, at the time of writing it was worth $0.28 per XRP. Although it has only been around a few years, it is one of the best performing cryptocurrencies. It was developed by Chris Larsen and Jed McCaleb and released in 2012.
One of the great things about ripple is that transactions are completed without mining or increased energy use and they can be executed very quickly compared to other coins such as Bitcoin. Ripple has been busy getting banks on board which has massively increased its appeal as a cryptocurrency. They have also recently announced that they would be partnering with international payment providers to provide members access to other cryptocurrencies.
Although this might not be the most popular cryptocurrency on the market, it is certainly one of the fastest growing and its potential is massive.
Now we know what you’re thinking… not another cryptocurrency! Although you could argue that Ethereum is just another blockchain-based currency, it is far more than that. In fact, it could even be considered as a ‘platform’ rather than as a digital currency or commodity like Bitcoin. It was created by Vitalik Buterin in 2013 and is currently valued at $9.52 per ETH . Ethereum has a huge community behind it that consists of programmers and developers, not only that, the Ethereum Project is backed by some of the most influential technology companies around the world.
If you have ever heard about cryptocurrencies that run smart contracts, you have probably heard of Ethereum. The term ‘smart contract’ is a well known buzz word when it comes to blockchain technology and Ethereum has made blockchain-based transactions easier to accomplish than ever before. In fact, as we speak you can use Ethereum to trade any type of asset from diamonds to fine art. Site detail is here.
One of the great things about Ethereum and cryptocurrencies in general is that it is open source, meaning that anyone can create an application in order to fulfill a certain purpose. The blockchain technology allows for transparency and security and it makes transactions so much faster than traditional methods.
Unlike Bitcoin which has a limited supply of 21 million coins, Litecoin has a limit of 84 million LTCs. There was no pre-mining or ICOs involved when this cryptocurrency was first developed by Charles Lee in 2011 and it has remained as one of the most popular choices for digital currency investors. It is currently worth $8.20 per LTC .
Although Litecoin and Bitcoin share many similarities, one of the things that make Litecoin stand out is the fact that it is designed to be used as a currency rather than just an investment. Transactions can be confirmed much faster and they are less resource heavy than Bitcoin transactions.
Litecoin was built on the same blockchain technology as Bitcoin, but it has a smaller coin supply. It also uses a different algorithm when mining for coins called Scrypt which has certain advantages over Bitcoins SHA-256.
NameCoin is another variation on the theme of cryptocurrency, although it isn’t based around blockchain technology like most cryptocurrencies are. Instead, it works on a distributed DNS system that makes it possible for users to register domains securely. It is currently valued at $0.19 per NMC .
The History of NameCoin
NameCoin was released in April 2011 and it was one of the earliest altcoins on the market of seo. The value of NameCoin has fluctuated over time but it is currently worth less than a dollar so you might think twice before investing in this cryptocurrency.
It was built on top of the blockchain technology using Peercoin and Bitcoin as its basis which makes this cryptocurrency quite different to others that are available on the market today.
Lumens are part of the Stellar network and they are used to connect different kinds of databases together. This means that they are essentially a bridge currency which connects fiat currencies, cryptocurrencies and digital assets.
Stellar is a nonprofit organization that works toward financial inclusion and it ensures that transactions can be completed quickly, securely and at very low cost. The history of the Lumen started in 2014 when it was released as part of the Stellar network and one XLM is currently worth $0.4 .
Stellar does not support many crypto like Bitcoin does, but it does provide its users with a cheap way to send money internationally without being subject to high fees or long transaction times.
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