By now everyone must have heard about cryptocurrency. Many people are still doubting it, while others are going out and exploring the market. Whichever of these categories you fall into, you should start exploring it as it becomes a major player in the financial market.
The most popular cryptocurrency is bitcoin. This is where most people begin their journey and their understanding of what cryptocurrency is and how it works. While Bitcoin is still at the top of the cryptocurrency food chain, there are other currencies you should definitely look into.
Cryptocurrencies to invest in
A cryptocurrency is essentially a form of currency, which is a token or coin that is distributed and exists in a decentralised system. The Tradewise team noted that the crypto world has grown and expanded exponentially over the past 10 years or so.
This is definitely something you need to study. It will help you avoid making serious mistakes in the trading and cryptocurrency market. Apart from bitcoins, here are a few other popular cryptocurrencies you can invest in.
1. efirium
Ethereum's main goal is to provide decentralised financial products available to anyone in the world, regardless of their location, race, religion or background. This is one of the most attractive aspects of Ethereum, as it gives those who do not have access the ability to have a financial product that allows them to have access to bank accounts, credit, insurance and other financial products that would not normally be available to them.
There are countries that simply do not have the public infrastructure to meet the needs of all their citizens, and so it is a great alternative to traditional finance.
2. lightCoin
Litecoin emerged shortly after Bitcoin, and is referred to as "bitcoin gold silver". It is similar to bitcoin in many ways, but offers faster transaction confirmation times due to the high speed of blockchain generation.
A large number of merchants now accept Litecoin, which is great for people-to-people transactions. And here's an example of the most common transactions being made at Litecoin casinos . It has been noticed that a lot of people have started to gamble in cryptocasinos nowadays using this particular cryptocurrency. Litecoin was created by Charlie Lee in 2011, and since then its market value has grown to $10.1 million. It is the 6th largest cryptocurrency in the world with a coin value of $153.88.
3. Stellar
Stellar is designed to support large transactions between financial institutions. These types of transactions usually take several days, go through several intermediaries and require a lot of money. Stellar makes these transactions happen almost instantaneously and cost almost nothing. This makes it a much more profitable and time-efficient solution.
There is so much to learn about the world of cryptocurrency and how to invest in it. This is where the leading financial institutions use it, and it is used on a person-to-person scale for everyday transactions.
Bitcoin may still be the path you go down, or you may find something more appealing to you from this list. Remember to do your research before you invest, and base your decisions on your own knowledge and the education you have gained through research.
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