Have you heard of cryptocurrencies? They’re basically virtual or digital money which takes the form of tokens or “coins.” These cryptocurrencies are gaining worldwide fame, especially since Bitcoin, the most popular cryptocurrency, shot above the $1000 mark. Many people have already started in amassing these virtual coins and some companies are even rewarding people for completing online tasks using these currencies. In today’s article, we’ve provided you with 6 main cryptocurrencies that can change the world of marketing and how we see money pretty soon.
1. Bitcoin
Bitcoin continues to lead the pack of cryptocurrencies, in terms of market capitalization, user base, and popularity. Bitcoin has actually gained much popularity since 2017 and continues to be at the top of the list. There are many ways people are using Bitcoin to make money such as ‘buying and holding’, cryptomining, microtasking, and through interest. Alternatives to a bitcoin interest wallet is an account through which people can make more money.
2. Litecoin (LTC)
This cryptocurrency was launched in 2017 by an MIT graduate and former Google engineer. Although Litecoin is similar bitcoin in numerous ways, it has a faster block generation rate and therefore offers a much faster transaction confirmation. Other than developers, there are a growing number of merchants who accept Litecoin.
3. Ethereum (ETH)
Ethereum is an open-source, blockchain-based, decentralized software platform used for its own cryptocurrency called ether. Not only is Ether used to reward miners on the Ethereum network, it is also used by app developers to pay for services and transaction fees. It enables SmartContracts and Distributed Applications (ĐApps) to be built and run without any downtime, fraud, control, or interference from a third party. You can buy Ethereum by exchanging Bitcoins. To learn more about blockchains visit https://searched.io/.
4. Zcash (ZEC)
Zcash, which is currently being developed by the Zcash Company, is a privacy-focused cryptocurrency that allows users to choose between sending public or private transactions. It offers anonymity and privacy. To ensure and maintain anonymity, Zcash uses zk-SNARK; so you can be sure that all the information transmitted between two parties using Zcash is encrypted and secure. By using these methods, the blockchain values keep hidden from the outer world.
5. Dash (DASH)
DAsh is an open-source cryptocurrency and a form of decentralized autonomous organization (DAO) run by a subset of users, called “masternodes”. Dash advocates itself as peer-to-peer decentralized electronic cash. It intends to be as liquid as real cash which you can use in your respective countries like USD/GBP/EUR/INR or CNY. Dash is built on Bitcoin’s core code with the addition of new features like privacy and full transactions.
6. Ripple (XRP)
Ripple is a technology that acts as both a cryptocurrency and a digital payment network for financial transactions. This platform allows you to make payments in any currency, including Bitcoin and have a minimal internal transaction commission of $0.00001. The only reason it’s not free is to prevent DDos attacks. Unlike Bitcoin or Ethereum, Ripple doesn’t have a blockchain.