People are not just talking about Monero, people are staking and trading it…. Let me tell you the reason: Monero is the leading cryptocurrency with a focus on private and censorship-resistance transactions. Most existing cryptocurrencies, including Bitcoin and Ethereum, have transparent blockchains, meaning that transactions are openly verifiable and traceable by anyone in the world. Furthermore, sending and receiving addresses for these transactions may potentially be linkable to a person’s real-world identity. Monero uses cryptography to shield sending and receiving addresses, as well as transacted amounts. Monero transactions are confidential and untraceable. Monero is a grassroot community attracting the world’s best cryptocurrency researchers and programmers talents. Monero is a digital currency that allows fast, inexpensive payments to and from anywhere in the world.
Ripple is one of the cryptocurrency that took some people off their feet and left them regretting why they didn’t buy the ICO. I personally reserve some regrets because I let that wonderful opportunity slip off my fingers. Ripple is a real-time global settlement network that offers instant, certain and low-cost international payments. Ripple “enables banks to settle cross-border payments in real time, with end-to-end transparency, and at lower costs.” Released in 2012. Ripple is the only cryptocurrency that doesn’t need mining, a feature that deviates from bitcoin and altcoins. Since Ripple’s structure doesn’t require mining, it reduces the usage of computing power, and minimizes network latency. Ripple believes that ‘distributing value is a powerful way to incentivize certain behaviors’ and thus currently plans to distribute XRP primarily “through business development deals, incentives to liquidity providers who offer tighter spreads for payments, and selling XRP to institutional buyers interested in investing in XRP.
Dash (originally known as Darkcoin) is an open source decentralized cryptocurrency that aims to be the most user-friendly, and most on-chain-scalable cryptocurrency in the world. On top of Bitcon’s feature set, it currently offers instant transactions (InstantSend), private transactions (PrivateSend) and operates a self-governing and self-funding model that enables the Dash network to pay individuals and businesses to perform work that adds value to the network. Launched in January 18 2014, Dash is a secretive version of Bitcoin, it has more privacy and makes transactions almost untraceable. It was developed by Evan Duffield and can be mined with CPU or GPU, later in 2015, Darkcoin was rebranded to Dash, and it has the capacity to sky rocket in price, like the case of bitcoin.
Ethereum is another decentralized and digitized cryptocurrency that has gained relevance after bitcoin. They are both traded in the foreign exchange market. Ethereum is an open source, public and blockchain based distributed computing platform featuring scripting functionality. It was initially introduced in 2013 by Vitalik Buterin, a programmer involved in bitcoin. Ethereum is built on Smart Contract platform…most crytos offering ICOs are built on Ether smart contract, that means that there is a tendency of Ethereum out-running Bitcoin in the future.
The value token of the Ethereum blockchain is called Ether, it is the engine house of Ethereum that allows distributed applications to be built without downtime, fraud or interference from third party. It is listed under the code ETH and traded on cryptocurrency exchanges. It is also used to pay for transaction fees and computational services on the Ethereum network. 1ETH is currently $460; forecast has it that it will likely hit $1000 by the second quarter of 2018. This is the best time to invest in Ether! Don’t miss it!!
Bitcoin is now a household name in the cryptocurrency market. Anytime you say cryptocurrency, the first name that comes to people’s mind is “Bitcoin”. It is the king of all cryptocurrencies, even at the time of writing this post, it is still kinging.
Bitcoin is the first decentralized cryptocurrency to come into existence. It is the father of all cryptocurrencies. Bitcoin is a virtual currency that is not controlled by any central bank. Instead, bitcoins are created through a process called mining, in which a computer tries to solve a cryptographic problem. The total supply of bitcoins is capped, which has led to comparisons with assets like gold. It was invented and officially launched in 2009 by Satoshi Nakamoto. When Bitcoin was launched in 2009, smart people like Kristoffer Koch took advantage of that information and bought 5,000BTC for $27, today 1BTC = $5,800; wow! Koch $27 is now worth $29million just in a space of 8 years! And a lot of us missed this great opportunity. There are speculations that 1BTC will hit $20,000 by the third quarter of 2018, this is very possible. Bitcoin transactions are peer – to – peer, from one user directly to another without any intermediary. These transactions are verified by network nodes, and recorded in a distributed ledger called the Blockchain.
The best way to earn or own these cryptocurrencies mentioned above is to invest in them. Check and visit our blog posts on online investments to learn more.
Author: ABC ODIFE
ABC ODIFE is a Cryptocurrency Expert and Director of Digital Client Marketing Services at Gong Digital. He works closely with our clients to help them establish and strengthen the online presence of their businesses by exploring all the digital marketing channels.
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