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Cryptocurrencies: A New Era in Online Investment

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Bitcoin Bitcoin is famously known as the world’s first truly decentralized digital asset and commands the largest market cap and trading volume of any cryptocurrency. First starting in early 2009, bitcoin has quickly become one of the most intriguing financial miracles of recent years with its massive growth and success creating huge amounts of wealth. This has also arguably been the reason for the creation of many new cryptocurrencies, many of which have grown to similar status.

Ethereum Much like bitcoin, is a digital currency, only that’s also used to carry out smart contracts over the Ethereum network. Ethereum enjoyed massive 11,000% growth last year with the number of daily transactions rising regularly. The Ethereum network has excellent growth potential, especially when considering the fact that Ethereum is not only a payment processing network, but also a computational network with exciting future developments that will foster even more growth.

Ripple Released in 2012, Ripple stands out among other currencies as it was designed for banks and global money transfers by focusing on security and capability. In fact, Ripple has already licensed its blockchain technology to over 100 banks, showing tremendous promise for future growth on top of its ability to facilitate transactions on anything from gold to even food. Ripple was one of the fastest-growing assets on 2017, adding 7,000% in record-time.

Litecoin Litecoin was developed in response to bitcoin and aims to provide a faster, cheaper and less volatile payment network and is often considered the “silver to bitcoin’s gold”. The market fully embraced Litecoin, helping it reach one of the highest market caps of any other cryptocurrency with a large daily trading volume. Litecoin is valued lower than some other cryptocurrencies and holds a relatively large quantity of coins, making it one of the most accessible and attractive choices in today’s cryptocurrency market.

Dash Formerly known as Darkcoin, Dash is a cryptocurrency started in 2014 with a heavy focus on the privacy and anonymity of its users. By including many security and privacy features that go above and beyond those offered with other cryptocurrencies, Dash quickly became the 6th-most popular digital coin. Furthermore, processing costs are considerably cheaper with Dash, adding another boost to its already-growing popularity.

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