The investment world is constantly changing and a large part of these changes are coming from the digital world. For example, online brokerages such as SoFi have allowed many people to trade stocks or fractionals using just their phone without stepping foot into an exchange. Now there is a new kind of digital technology shaping the investment market. It was in the midst of the digital revolution that monetary units became digital and various types of digital currencies known as cryptocurrencies were introduced to the world. About 2,475 cryptocurrencies are traded daily with a total capital of $ 264 billion. So 10 of the best digital currencies today make up almost 85% of the total market value. In this article, we will introduce the best digital currencies to invest in.
Introducing the best digital currencies
In August 2008, the domain name bitcoin.org was registered. On October 31, 2008, an article entitled “Bitcoin: A Peer-to-Peer Electronic Cash System” was published. This article was written by Bitcoin inventor Satoshi Nakamoto. To this day, no one knows who this person or people are. This paper discusses a way to use a peer-to-peer network for electronic transactions without “reliance on trust.” Finally, on January 3, 2009, the Bitcoin network was created. Cryptocurrencies have become so popular that many people are interested to invest and many of them even use free crypto trading bot to get a good return.. The market capitalization of this best digital currency is currently estimated at $ 181,122,217,144, which ranks first among other major cryptocurrencies.
Atrium was launched by Vitalik Buterin on July 30, 2015. He was a researcher and columnist for Bitcoin magazine, and in 2013, White Paper published a description of Atrium Digital Currency. Buterin suggested that bitcoin needed a programming language. He decided to create a new platform with a more general programming language. The development was financed through an online contract between July and August 2014, and the system was publicly traded for 11.9 million coins (about 13% of the total working supply).
After the collapse of the DAO project in 2016, Atrium split into two Chinese blocks, the new version of which became Atrium, and the original Chinese block called “Classic Atrium” continued to operate. The market capitalization of Atrium, another of the best digital currencies, is currently approximately $ 20,415,489,154. Therefore, it ranks second among the best digital currencies.
The Ripple digital currency was developed by Ripple as a real-time gross settlement system (RTGS), also known as the Ripple Transaction Protocol (RTXP) or Ripple Protocol. The currency dates back to 2004, when a web developer named Ryan Fugger came up with the idea of creating a decentralized monetary system that could effectively allow people to make their own personal money. RipplePay.com was launched in 2005 to provide a secure payment system for members of an online community through global networks. Jed McCaleb launched a digital currency system in 2011 in which transactions were approved by consensus among network members – instead of the mining process used in Bitcoin. This new version of the Ripple system was designed to eliminate centralized bitcoin exchanges. One of the advantages of this system was less power consumption than Bitcoin. In addition, in this system, transactions were done much faster. In 2012, Ripple was launched as one of the best digital currencies to facilitate the security and urgency of global transactions using tokens. The current market capitalization of this cryptocurrency is about 11,663,348,834 dollars and it is in the third place.
4.Bitcoin Cache (BCH)
The next most popular currency on the list of the best digital currencies is the “Bitcoin Cash Currency”, which was created with the idea of creating a more practical bitcoin for small, everyday payments. As of May 2017, Bitcoin payments took about four days, unless a fee was paid, resulting in a relatively large amount of time for small transactions. Finally, the code change was implemented and the Bitcoin Cache was created on August 1, 2017. The cryptocurrency currently has a market capitalization of about $ 5,533,833,360.
LightCoin digital currency was released in October 2011 by Charlie Lee, a former Google employee. This cryptocurrency was actually a branch of bitcoin that made a difference in terms such as the time it took to generate a smaller block, increase the maximum number of coins, and a script-based algorithm. As one of the best digital currencies, LightCoinnow has a market capitalization of about $ 4,624,544,555.
6.Bainance Coin (BCH)
“Binance Quinn” is a cryptocurrency on the Binance platform that was created in 2017. The exchange rate was 1 Atrium for 2,700 BNB or 1 Bitcoin for 20,000 BNB. This currency is only designed for the exchange of cryptocurrencies and it is not possible to exchange it with common currencies. BNB has multiple uses, but in the Binance exchange ecosystem it is used as a token that allows users to receive a discount when paying their transaction fees. The market capitalization of this digital currency is currently around $ 4,054,825,067.
The EOS.IO platform was developed by a private company. The platform was released on June 2, 2018 as open-source software and one billion tokens were distributed on the Atrium China block by block.one. EOS has been released as one of the best digital currencies, according to White Paper. The market capitalization of this digital currency is approximately $ 3,382,278,462.
8.Bitcoin SV (BSV)
Bitcoin SV (Satoshi Vision) is the original Bitcoin designed by nChain. Launched on August 16, 2018, this digital currency recovers the Bitcoin mainstream protocol, keeps it stable, and offers a large scale. The original Bitcoin white paper is listed on the Bitcoin SV website as the main document of this project. Although the price of Bitcoin SV fluctuates, this digital currency quickly became one of the top 10 cryptocurrencies in terms of market capitalization. This digital currency is currently traded in most major exchanges. The market capitalization of this cryptocurrency is now around $ 2,372,798,942.
“Stellar” was created in 2014 by “Jed McCaleb” and “Joyce Kim”. Its launch was initially based on the Ripple protocol, but eventually the network split into several sections. Stellar is an open source money exchange protocol in which servers use the Internet to connect and connect with other Stellar servers and form a global value-sharing network. Currently, the market capitalization of this digital currency is approximately $ 1,405,157,741.
Monroe is an open source cryptocurrency created in April 2014 and focuses on topics such as decentralization, interchangeability and privacy. Monroe Digital Currency uses a vague general ledger. This means that anyone can broadcast or send transactions, but no outside observer can state the source, amount or destination of the transaction. Monroe Digital Currency uses the Proof of Work mechanism to issue new coins and encourage miners to ensure network security and transaction validity. The cryptocurrency market capitalization is currently approximately $ 1,382,441,567. In this article, we take a look at the best digital currencies. It seems that now you can enter the market of these currencies more intelligently.