The world of cryptocurrency is still a new frontier. There are many coins out there, and there’s no telling which ones will be the next Bitcoin or Ethereum.
But if you want to invest in cryptocurrency, stick with these five:
1. Bitcoin
Bitcoin is the most popular and valuable cryptocurrency. It was founded in 2009 by Satoshi Nakamoto and it’s the first decentralized digital currency, which means that there is no central governing body. Bitcoin exists only as a network of computers and has no physical form; you can’t hold it in your hand like cash or gold bars.
Bitcoin became very popular because it’s easy to use: all you need is a phone number or email address, and you can start trading instantly with anyone else who has bitcoin stored on their smartphone or computer hard drive.
2. Ethereum
Ethereum is the second largest cryptocurrency in the world and has a market capitalization of $26 billion. It is also one of the most popular cryptocurrencies for investors due to its potential for growth in this highly volatile market environment.
Ethereum is a decentralized platform that runs smart contracts, applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. Ether is not just another cryptocurrency like bitcoin but rather it is aimed at developers who want to build apps on top of Ethereum. Ether tokens can be used to pay for transaction fees and services on the Ethereum network (similar to how you might use dollars).
3. Litecoin
Litecoin is a cryptocurrency that has been around since 2011. It was created as an alternative to bitcoin, and it is based on an open source global payment network that is not controlled by any central entity. Litecoin miners can create blocks and add them to the blockchain at the same time as Bitcoin miners do. The differences between the two are in their technical details, such as how many coins they produce and how often they produce them.
4. Ripple
Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native currency called XRP.
Ripple’s vision is to enable secure, instant and nearly free global financial transactions of any size with no chargebacks. The company has offices in San Francisco, New York City, London and Luxembourg.[1]
5. Zcash
Zcash is a cryptocurrency that launched in 2016. It is the first open, permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography. The founder and CEO of Zcash is Zooko Wilcox-O’Hearn.
Zcash has a fixed supply of 21 million coins, with about 3.1 million currently in circulation as of Feb 2019 (data from CoinMarketCap). You can buy or sell ZECs on various exchanges such as Coinbase/GDAX and Gemini but you’ll need to buy Bitcoin or Ethereum first before you can exchange them for ZEC on these platforms.
These are the best cryptocurrencies to invest in this decade
Why are they the best cryptocurrencies to invest in this decade?
Bitcoin is the first and the most popular cryptocurrency. In fact, it is the only cryptocurrency that has a market capitalization of over $100 billion. It’s been around for more than a decade and has seen a lot of ups and downs, but still remains as one of the most sought-after investments by cryptocurrency enthusiasts.
Ethereum is another good option for investment because its value has increased significantly since 2016. The Ethereum platform allows users to create smart contracts (self-executing contracts) that run on decentralized applications (DApps). DApps are applications built on top of blockchain technology without any middlemen or third parties involved like banks or governments who can control how much money you earn or spend on your account balance.
Litecoin was created in 2011 by Charlie Lee as an alternative version to Bitcoin and uses similar algorithms as Bitcoin does but with some improvements such as fast confirmation times while offering lower fees compared to Bitcoin transactions which can sometimes be expensive due to high demand especially when prices rise dramatically during bull markets like we saw recently with BTC prices hitting almost $20k per coin during December 2017 before crashing back down again after reports surfaced about China cracking down on crypto trading activities within their borders leading many investors who had previously bought into crypto thinking they could make big gains off those gains quickly realized they would have had better luck betting against Black Swan events happening rather than investing blindly hoping for positive outcomes without knowing what might happen next.
If you’re looking for something less risky then Zcash might be worth considering because it’s based upon zero knowledge proofs so there aren’t any public addresses associated with sending/receiving funds from other people using this platform which means nobody knows who owns what unless both parties agree beforehand through private channels such as email addresses or phone numbers etcetera…
In conclusion, there are many great cryptocurrency investments to make right now. While we’re still in the early stages of this new asset class and its potential is still being realized, there are plenty of things to look forward to. The good news is that anyone who wants to get into cryptocurrency can do so by following these steps outlined above.
Where to buy cryptocurrencies?
The best place to buy cryptocurrencies in a secure manner online is Coinbase. On coinbase’s website, you can buy or sell several cryptocurrencies. To do so, all you have to do is go to https://www.coinbase.com, create an account, sign in, explore all available cryptocurrencies and then fund your digital wallet on coinbase.
