An expert suggested there are two simple investment strategies you could use if you had some money to spare. He said you should pay attention only to top ten cryptos. Today, I’m going to tell you about the four most popular cryptocurrencies according to CoinMarketCap tracker. Let’s see in what way they differ from each other. Let’s begin with the biggest thing in the game. BTC is the starting point for all the rage. It was born in the wake of the 2008 financial crisis and by the end of 2017, has risen to spectacular popularity.
But despite rapidly skyrocketing in value, bitcoin’s detractors are worried about the token’s incredible volatility, slow speeds, and transaction fees. Actually, today, bitcoin is maybe the slowest cryptocurrency on the market. There are currently more than a million BTCs in circulation, and this currency has a so-called supply limit of 21 million. It means that soon enough the emission will stop. I wonder, what they will do with all those mining farms when this day finally comes. Ethereum – this is the second most popular platform in the crypto community. Unlike bitcoin, it wasn’t initially meant to be a money system.
It was designed as a “world computer” super network for the decentralized development of applications. All of the apps developed on Ethereum are put on a distributed public platform where miners work to earn tokens called Ethers. They serve as the fuel for the network. This really makes Etherium differ from other cryptos. Ripple is very young. It came out of nowhere towards the end of 2017. At the very beginning of its life, Ripple outran Ethereum for a little while but then firmly occupied the third place. If compared to other competing cryptos, Ripple serves as a centralized transaction network used by banks for money transfers.
Money sent on the Ripple network is converted into tokens on one end and then can turn into any currency at the other end. Ripple’s management say that it’s more the rival of SWIFT than BTC or Ether. But in fact, you can do this trick with any crypto. So, what’s the point? In August 2017, there was some kind of discord between bitcoin adopters over BTC’s technical limitations, which led to what is known as a fork in the blockchain. The result of that fork was the birth of a whole new token, with new rules and a new blockchain. It was called Bitcoin Cash. And this token occupies the 4th place in our rating. Some hope it will outrun the older brother one day.
Good luck exploring the mysterious crypto world!
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Posted from my blog with SteemPress : http://macro.ml/4-best-cryptocurrencies-to-invest-in-2019-ripple-bitcoin-ethereum-bch/
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