Cryptocurrencies are still the subject of the moment, but do you know what they are exactly? It seems that what was once spoken of as a fad comes to stay. Cryptocurrency has been stepping hard, although they still generate an intense debate about their safety and whether they are a profitable investment route. But if they weren’t, will more types of cryptocurrency continue to appear every day? In the following article, we will talk about what cryptocurrency are and which ones are the most famous for investing this 2019.
- What is a cryptocurrency?
- How many cryptocurrencies are there?
- Ten cryptocurrencies to invest this 2019
What is a cryptocurrency?
p>Cryptocurrency is a digital means of exchange, that is, a digital currency, without physical support, which uses cryptography to control and manage transactions between users safely.
Its main features, as we have said, are that it is not a physical currency although it can be stored on devices such as hard drives or external memories; and that its creation is based on a single cryptography and currently does not depend on any organism or government that is responsible for generating this type of currency.
How many cryptocurrencies are there?
Today there are more than 2,500 virtual coins worldwide and rising. Besides, every little time, a new one appears, which is created through a process called ICO.
What differentiates all these currencies is the technology, encryption, and philosophy they use. Most cryptocurrencies use Blockchain technology, but it’s not the only one. As for philosophy, it can be said that there are as many as coins.
With the creation of new cryptocurrencies, new platforms have appeared to send, receive, and purchase different types of cryptocurrency such as Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. We are talking about Coinbase, a digital platform, and a wallet that allows you to operate with cryptocurrency easily and securely.
The latest news of the BlockChain boom is increasingly predicting the consolidation of virtual currencies, despite falls such as the one suffered in early 2018. This does not mean that they are not safe or profitable, but that we must consider at the moment that they meet to harness their potential. We tell you what the cryptocurrencies of the moment are and the ideal to invest This 2019.
The five cryptocurrencies to invest this 2019:
Surely Bitcoin is the cryptocurrency of the most you’ve heard. The reason for the fame of this digital currency is that it is the pioneer, in 2008 it was created by several people under the name Satoshi Nakamoto. Of course, at its launch, it did not have the value it now possesses, and most could not even think that it would reach this data.
Without a doubt, this currency has positioned itself as a leader in the digital market and can be an excellent investment for this year. However, it has experienced great ups and downs, and it is difficult to know when it is going up or down. That is why we propose other cryptocurrencies worth paying attention to.
The Ripple (XRP) for many experts is the successor to Bitcoin as this digital currency was created by the former Bitcoin developers to improve performance.
Like Bitcoin, Ripple is a fully secure and encrypted system whose transaction information is public, but the payment information is not, that is, it is a private system where the sender and receiver are the only ones who have the knowledge and code that decrypts it. A good investment option. After the significant growth that it experienced in 2017, 2018 experienced a considerable fall, despite remaining positive.
Created by Google’s former employee Charlie Lee in 2011, Litecoin was released as an alternative to Bitcoin. It has an upper limit of Bitcoin (84 million, compared to 21 million) and there are currently about 55 million Litecoin in circulation. For this reason, many experts are betting on this cryptocurrency in the future.
The Ethereum and Ether were in 2017 one of the most profitable cryptocurrencies and is a technology-based alternative such as Aragon or Stoxx. It is the second digital currency in terms of capitalization, so it is considered a great alternative to Bitcoin.
In 2018 the upward trend of this cryptocurrency remained until it reached its historical peak at $1,423 at the beginning of the year. What stands out most is its consolidated application development and the use of smart contracts., so this is a Blockchain project more ambitious than the Bitcoins.
The NEO or the “Ethereum of China” was created in 2014 by Da Hohgfei who wanted to calm down the fears of cryptocurrency in his country. At that time, the Chinese government announced greater control over the digital money sector and has banned ICO from managing freely. Of course NEO, it’s a digital currency we can’t lose sight of.
Characteristics that can make you decide for this currency is that NEO allows you to build decentralized applications as well as smart contracts, plus NEO is indivisible, not like ETH.