Today there are more than 10,000 virtual currencies around the world and going up. In addition, a new one appears every so often, which is created through a process called ICO.
What sets all these currencies apart is the technology, encryption, and philosophy they use. Most cryptocurrencies use Blockchain technology, but it is not the only one.
With new cryptocurrencies, new platforms have appeared to send, receive and buy different cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. However, we must not confuse these networks with wallets or with cryptocurrency buying and selling platforms. There are platforms such as Coinbase and Binance that are both buying and selling platforms and digital wallets that allow you to operate with cryptocurrencies or cryptocurrencies securely and straightforwardly.
The latest news from the Blockchain boom increasingly predicts the consolidation of virtual currencies and the arrival of more and more investors (even governments have already started buying these assets). We tell you which are the cryptocurrencies of the moment and those that seem to have the most future. For this, we will choose the ten most significant currencies by market capitalization:
The ranking of the ten most famous cryptocurrencies:
One # Bitcoin (BTC)
The ten cryptocurrencies (or cryptocurrencies) with the most future – bitcoin 1024×576
Indeed Bitcoin is the cryptocurrency or cryptocurrency that you have heard the most about. The reason for the fame of this digital currency is that it is the pioneer. In 2008 it was created by various people under the name Satoshi Nakamoto. Of course, it did not have the value that it has now at its launch, and most could not even think that it would reach this data.
Without a doubt, this coin has positioned itself as a leader in the digital market. However, it has suffered great ups and downs, and it isn’t easy to know when it will go up or down. Although many managers consider that Bitcoin is the new digital gold, it continues to have significant variations in the price and very high volatilities.
The operation of the Bitcoin network is simple (hence much of its virtue) but amazingly secure. We leave you here a diagram of how Bitcoin mining works and which parties are involved in a transaction:
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The ten cryptocurrencies (or cryptocurrencies) with the most future – eth
Ethereum is not a currency; it is a decentralized computing platform. We could represent it as a giant computer that is divided into multiple computers simultaneously and works simultaneously. This computer network allows applications to be run on this distributed network, and operations are powered by the network’s currency, ether (ETH).
Ethereum is considered a 2nd generation blockchain, which means that it has been built based on the Bitcoin operating system but with significant differences. Both networks use them as digital money, but the Ethereum network is programmable, which means that it has many more functionalities.
ETH is the application currency of the Ethereum network, similar to Bitcoin in nature. These are some of the characteristics of ETH that make it different from FIAT money or government money (such as euros or dollars):
They are your strict property; they are not managed by custodial entities (commercial banks). It is protected by the science of cryptography and by your private keys. They are a P2P (Person to Person) payment system which means that you can send your money to anyone else in the world without the need for intermediaries such as banks or governments.
Ethereum currently presents a scalability problem that causes the transactions executed on its network to increase in cost. To solve this problem, Ethereum is working on Ethereum 2.0, a set of interconnected updates that make it a more secure and scalable network.
However, Ethereum already has competitors, the well-known 3rd generation Blockchains or “Ethereum killers” such as Cardano (ADA) or Solana (SOL), that we will now comment on in the post.
The ten cryptocurrencies (or cryptocurrencies) with the most future – ADA
Cardano represents the so-called 3rd generation of the Blockchain that tries to solve the scalability problems typical of 2nd generation blockchains such as Ethereum. Over the past few months, Cardano has become one of the fastest-growing assets in the entire cryptocurrency industry, multiplying its value by more than 50 times in 2021.
Cardano is distinguished by using mathematical principles in its consensus mechanism and a unique multilayer architecture, making it stand out from other blockchains in the world.
Cardano’s founding team consists of Jeremy Wood and Charles Hoskinson. The latter was part of the founding team of Ethereum but was separated from the team due to differences with the rest of the team. Cardano was successfully launched in September 2017, and its native token is the ADA.
Cardano is distinguished from the rest of Blockchains (with their respective tokens) in that it had a much more deliberate and scientifically rigorous origin. In addition, it differs in that it seeks to solve problems that other blockchains present regarding security, scalability, and decentralization.
Cardano’s consensus algorithm (that is, how network operations are verified to be trustworthy) differs from traditional Proof of Work protocols and is a variant of the proof of work. Participation or “Proof of Stake.” This algorithm is called Ouroboros.
Here is the most talked-about cryptocurrency in recent months, Dogecoin. A project born for fun exploded between 2020 and 2021 after the statements of Elon Musk, who stated that he had focused on DOGE.
In the space of 24 hours, the price has skyrocketed, but above all, the capitalization has skyrocketed: to date, it is worth more than 50 billion dollars! Bubble or effective investment? It is still too early to say; however, being in the Top 10 of the most capitalized cryptocurrencies makes Dogecoin a safe interest project.
At Inversiones24, we have thoroughly verified the best-regulated brokers that offer operations in DOGE, and it turns out that only eToro and LiquidityX allow the trading of this cryptocurrency.
Uniswap is undoubtedly one of the best cryptocurrencies to buy. On the rise and with excellent capitalization, the Uniswap project is genuinely innovative.
This cryptocurrency is under De-Fi (Decentralized Finance), and its business is to provide intermediation for the exchange of cryptocurrencies. Similar to exchanges but with a completely different structure that is wholly based on the Ethereum Blockchain.
Uniswap generates around 2/3 million in commissions every day, excellent turnover, propelling the token towards success.
Thanks to its sudden development, the best brokers are preparing to allow Uniswap trading. At this time, it will be possible to invest in this token exclusively at eToro.
One of the most exciting projects of the crypto fund: Compound. Through this system based on Ethereum Blockchain, it is possible to borrow several tokens without intermediaries and an utterly decentralized protocol.
Therefore, Compound acts as an intermediary, exploiting all the innovations made by Blockchain to make the loan market functional and accessible.
The COMP token has recently landed in the markets and has already obtained an excellent + 60% in the first 30 days of trading. Its potential is very high, and investing in this initial phase could be a winning move.
Where to buy Compound? The only broker that trades the COMP token is eToro, available both in the demo and in real terms.
Among the best cryptocurrencies to buy in 2020 was Chainlink. Even today, the project is valid and arouses the interest of retail and institutional investors.
Why was Chainlink successful? This is mainly thanks to a system of “nodes” defined as Chainlink Nodes (CN), which are configured to monitor the progress of an event to provide said data to smart contracts. A revolutionary tracking method that sparked the LINK Token Boom.
Its capitalization is close to 20 billion dollars, and the token price has almost reached $ 50. A curiosity? In just 12 months, the token’s value has increased by + 1,000% – that’s why LINK is one of the best cryptocurrencies to buy in 2021.
By the way, where to invest with this digital asset? In a broker well-stocked in CFDs of digital currencies, such as eToro and also in Markets.