Bitcoin has gained a lot of attention lately, and many professionals are saying the crypto bubble has burst and that these cryptocurrencies will not last.
On the one hand, there are hundreds of altcoins where this is the case as each month many come and many goes. A lot of these are either a sort of scam, they have no key benefits to bring, or they are not fixing any problem.
This is a little unfair that all coins are tarred with the same brush. Many coins will bring benefits to businesses or end users.
A lot of cryptocurrencies might have the same solution as each other. If this is the case, you need to do your homework to see which one is the best one that will provide the best solution and can last for the long-term.
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Top Ranking Cryptocurrencies
A great many people who consider investing in cryptocurrencies forget to do homework, and they only check the top cryptocurrency list and react with a FOMO approach. If it were this easy everyone would be picking the easy winner.
Although BTC is still the current market leader, it is not to say this is the best or the only cryptocurrency to buy now.
As there are so many other cryptos to choose from looking further down the rankings can provide a better coin in which to invest.
A Mixed Bag of Crypto’s
To adequately cover all odds a portfolio of both market leaders and also cryptocurrencies further down the rankings are best to invest in.
This way you can cover hopeful big risers while at the same time having a steady stream of coins that perform well. Here are some coins that can go a long way supporting both ends of the crypto scale of your portfolio.
The more coins that settle into the market, the more Blockchain networks will require a means of passing data between each other. Ark fits into this by offering a solution where these Blockchains are bridged. Unlike the slow times of transactions with BTC, the transactions on this network take around 8 seconds.
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This coin was the result of a fork in Ripple much as Bitcoin-Cash was with BTC. When Stellar is used cross-border transactions can be made almost instantly.
Although it runs on the same network as BTC, it is much faster, and as a result of its scalability and ease of use, a major company is looking at it as their payment option of choice when they stop using BTC at the end of April.
A lot of cryptocurrencies aim to remedy flaws with the first generation cryptocurrencies. This coin has taken a back seat and bypassed even being second generation crypto which still has some of the flaws.
Skycoin being a 3rd generation coin addresses shortcomings that are in the 1st and 2nd generation and also the internet itself. With all the talk of “Net neutrality” Skywire which is the network, SKY runs with has taken the approach of a P2P decentralized network which gives control back to end users.
Coins have no mining, and the miners get paid for their contributions to the network. This is one coin that has stepped back and followed Satoshi’s ideal as far as possible.
China has made their introduction to the crypto world with this coin that brings the concept of smart contracts. It is called the “Chinese Ethereum,” and the smart contracts will be run automatically on the decentralized network when certain conditions are met.
Trust between parties is not an issue as the contract itself governs what is programmed into it. Almost everything can be digitized and stored in NEO. Assets such as cars, houses and the like can be stored on the Blockchain and trading these items can become easier without the need for a third party.
BCH was derived from a hard-fork in BTC. It is decentralized, requires no third parties.
While there are many similarities as there would be it has differences that were introduced from the fork. These changes can include: increased block size up to 8Mb, SegWit implementation not supported. Bitcoin Cash payments can be made faster for everyday use and the PoW difficulty can be adjusted and will be faster than current BTC models.
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This at present is the leading contender against BTC. It works similar to a banking ledger where all accounts have a balance.
For each transaction, your account would be upped or downed and your new balance is shown. Ethereum was also the first crypto to bring the concept of smart contracts. These can be run with no downtime, censorship or fraud taking place.
Omnia coins is a decentralized coin aiming to connect the fiat and crypto world in creating regular fiat account and crypto wallets for every day payments and banking needs on one application for worldwide use in one simple place on your phone or computer for everyone to understand and make life a simple place for financial needs.
Benefits is uncapped and unlimited transfers to anyone and any bank in the world, manage your own account limits and where you want to send your money to and how much. Ultra-low transaction cost immediate account activation, document verification and fast card distribution.
You can see the primary differences between these coins. This is the only one who does something entirely different.
If you are looking for the best cryptocurrency to buy now, it is the one that wants to address the crypto problems and also the flaws in the structure of the internet.