Looking forward to investing in cryptocurrency? We put forward the top 5 cryptocurrencies to invest in 2018. Many people might have heard of the term BitCoin and the significance of this cryptocurrency in the economic market of this era.
However, there a lot more cryptocurrencies that can be used to earn some more investment and money. We present the top 5 cryptocurrencies to invest in 2018.
Read on find out about the kinds of cryptocurrency that are “in” on today’s market. You can use these cryptocurrencies to invest in a better future for tomorrow and make sure that your investment is made in a correct location.
Top 5 CryptoCurrency to Invest
IOTA I a form of cryptocurrency which is focused on providing secure communications between machines on the Internet of Things. Internet of Things (IoT) means a network of home appliances, physical devices and vehicles which have been connected to the internet, exchange data and are connected through network connectivity.
So basically, IOTA enables secure financial mode of the transaction between IOT. The IOTA uses directed acyclic graph technology instead of the traditional blockchain technology. The transactions are free regardless of size and the confirmation times are fast. Unlimited transactions are simultaneously carried out using IOTA, and the system is scalable too.
Like all other cryptocurrencies, you will need to buy IOTA using a Crypto Exchange. One such example is to buy IOTA on Balance. IOTA, after buying, must be kept in a desktop wallet instead of on your exchange. IOTA is the future Bitcoin, and it is recommended that an individual seeking to invest in cryptocurrency in 2018 invested on IOTA.
Ripple is another currency exchange and remittance network that provides a real0time, gross settlement system. It is also called as the Ripple Transaction Protocol or the Ripple Protocol. It is built upon on an open spruce Internet protocol.
The native cryptocurrency sued by Ripple is called XRP or ripples. The network can also operate without the Ripple Company. As of January 2018. XRP has been known to be the third largest coin by market capitalization. Hence, Ripp,e falls on the list of top 5 cryptocurrencies to invest in 2018.
Litecoin is also a peer-peer cryptocurrency and open source software project. It was released under the MIT/X 11 license, and the transfer and creation of coins are done by an open source cryptographic protocol.
Any authority does not manage it. It is somewhat like Bitcoin, but there are a few differences between Bitcoin and Litecoin. The Litecoin Network aims to create one block per 2.5 minutes unlike that of Bitcoin, which is produced one in every ten minutes. Litecoin thus has faster transaction confirmation. Mining Litecoin, however, is more complicated and expensive than creating Bitcoin.
Related: The 10 Best Litecoin Wallets
Another cryptocurrency that you should invest on in 2018 is Ethereum. Ethereum is an open source, blockchain based distributed computing platform. It has smart contract functionality, and it provides a decentralized Ethereum Virtual Machine which executes scripts to create the cryptocurrency.
It has a cryptocurrency token called “ether” which can be transferred between different accounts. While Ethereum is also the term used for a block created by Etherum means, Ether is the correct naming convention.
By 2017, the value of the Etherum current grew over 13, 000 percent and needless to state, it is a cryptocurrency that one must invest on, in the year 2018.
Related: 10 Best Ethereum Wallets
Bitcoin is the cryptocurrency that made the term well known to people all around the world. This accessible, payment system is the first decentralized digital currency which works without a central bank or an administration.
The peer to peer network allows transactions to take place without the need of an intermediary. The network nodes verify these transactions and the information of these transactions are held in a blockchain which is a public distributed ledger.
A process called mining creates Bitcoins. Bitcoins can be exchanged for other currencies, services, and products. It has been estimated that there are about 2.9 to 5.8 million more unique users who are currently using a cryptocurrency wallet, and most of them are known to use bitcoin. The smallest amount of Bitcoin is the Satoshi, which is a one hundred millionth of a bitcoin.
Related: Best Bitcoin wallets