What is the next big cryptocurrency?

If you're a cryptocurrency enthusiast, it's very likely that you've already seen the bitcoin boom in recent years. Bitcoin has become more stable in the past several months, but if you're still looking for your next crypto-investment, a few more precious metals are worth considering. 

cryptocurrency

In this post, we'll be covering the top 5 cryptocurrencies worth your time and investment: Ripple (XRP), Stellar Lumens (XLM), IOTA (MIOTA), Monero (XMR), and Ethereum Classic (ETC).

Before we start talking about the best cryptocurrencies to invest in, let's just say this: these 5 coins are all going to hit it big one day -- and while they might not be top cryptos right now, they are definitely worth being on the lookout for in a few years.

What Is Ripple?

XRP is one of the most intriguing cryptocurrencies in existence today. While it's not a completely new cryptocurrency, XRP is very different from the other cryptos we're covering. With a market cap of over $11 billion, XRP is one of the most valuable digital assets in the world, beating out bitcoin and ethereum. XRP is a digital token that allows for transactions that are almost instantaneous.

Ripple (XRP) Technical Overview

Created in 2013, Ripple has been around for nearly a decade. As an open-source protocol, Ripple is meant to solve the problems with long processing times and high transaction fees. XRP's goal is to allow for payments to be completed within seconds -- but unfortunately, it has yet to achieve this status. Currently, transactions with XRP take several minutes to complete.

XRP vs Bitcoin: How They Differ

Though XRP and bitcoin are similar in many ways, they're not identical. Ripple is meant to be a more user-friendly cryptocurrency with transaction speeds that rival the speed of credit card payments. Bitcoin's goal is just to allow its users to send money over the internet by using their computers -- but Ripple's goal is much more ambitious.

If you want to understand more about why XRP is so unique, check out this video that I made:

What Is Stellar Lumens?

Lumens (XLM) are an alternative to bitcoin -- but unfortunately, they're not anywhere near as powerful. Rather than having the massive network of bitcoin miners that make transactions possible -- lumens are created using a protocol called Stellar Consensus Protocol (SCP). While the XLM looks similar to bitcoin and functions similarly, it's not nearly as valuable.

Stellar Lumens (XLM) Technical Overview

Stellar Lumens was created in 2014 as an open-source blockchain protocol that allows for fast and copatible payments across borders. Stellar is meant to complement bitcoin and other cryptocurrencies, allowing for smoother processing times along with an improved transaction system. While this sounds like a highly ambitious goal, Stellar has already achieved a lot of success.

Comments

Post a Comment

Popular posts from this blog

How do beginners invest in Bitcoins?

Image
 It can be hard to know where to start investing, especially when it comes to cryptocurrencies like Bitcoin. But Bitcoin has been making headlines in the recent years, and it’s quickly becoming a big deal in world economy, tech and finance markets . But what makes this currency so special? Why is so much attention given to the cryptocurrency? Read on for a guide on how beginners can invest their money into Bitcoins with ease. What is Bitcoin? Bitcoin is a digital currency that can be used to make payments over the internet. It works like software, traded on a peer-to-peer basis and allows users to register, send and receive money. The concept of Bitcoin was created in 2009 by an unknown programmer or someone who goes by the alias Satoshi Nakamoto – Nakamoto is Japanimation for “central”, “main” or “first” in Japanese. The currency is not owned by a central bank or government, and exists only online. The supply of the currency is limited, which means the value of each Bitcoin will...
Read more