Top Cryptocurrencies – Are they Worth it?

top cryptocurrenciesCryptocurrencies has been all over the news recently. A lot of different coins/tokens are also coming out left and right. But let me tell you the top cryptocurrencies I like and a short description of them. This are just my preferences and not an investment advice.

Bitcoin is the first cryptocurrency. Satoshi Nakamoto created Bitcoin in the year 2009. Bitcoin holds the first place available on the market for the largest market cap to date, overpassing the rest of the cryptocurrencies even when we put all of them together. For many people, the word cryptocurrency means Bitcoin. Since Bitcoin is the most famous coin along with other coins are only considered bitcoin options or bitcoin alternatives.

Ether is the Ethereum currency, which is very known next to bitcoin, that is a decentralized platform for peer-to peer smart contacts. Ethereum has been created by Vitalik Buterin in 2015. Ethreum is widely adopted and is considered a bitcoin choice and has been marketed as the next cryptocurrency production and decentralised app platform Ether has a market cap of $45 billion, at the time of writing. Ethereum is famous for the peer-to peer smart contracts. It can make possible to individuals to code and execute contracts without 3rd parties.

Monero is often labeled as an anonymous and untraceable cryptocurrency. Monero currency that’s focused on privacy utilizing the ring signature technology, Monero is private untraceable and secure. The large adoption of the crypto makes Monero one of the top 10 cryptocurrencies with a $2.9 billion market cap, at the time of writing. Mainly it’s utilized by individuals who prefer to remain incognito on the net.

Litecoin has been created by Charlie Lee a former Google employee in October 2011. The idea was to make a Bitcoin alternative. Litecoin is very comparable to Bitcoin, it may be mined, utilized as a normal currency and traded on all the main exchanges. Litecoin has a market cap of $6.8 billion, but on the highest summit Litecoin reached $18 billion market cap in December 2017.

Ripple is just another cyptocurrency, unlike others on the list is more focused on banking system. Ripple, is currency exchange, a real time solution system and a remittance network. The coins/tokens are called XRP. It had been released in 2012 and currently has a market cap of $22 billion. Several banks have integrated the Ripple system to lessen costs.

Golem is a decentralized distributed computing network based on Ethereum. In the golem system users may sell or buy computation power, for instance you can complete on one’s own computational heavy tasks utilizing other computation power or selling your very own computational power to somebody who needs it.