Cryptocurrencies are taking the world by storm, and there are currently more than 900 different ones in existence. Many people have begun investing in these digital coins to make some serious money, and if you do your research, there’s no reason why you can’t be one of them! Today we’re going to show you our top 8 picks in cryptocurrencies that will make you rich over the next few years. If your goal is to get rich quickly and easily, these are definitely the investments to make. Top 8 Cryptocurrencies That Will Make You Rich
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1) Bitcoin (BTC)
Bitcoin (BTC) is a cryptocurrency and was created by Satoshi Nakamoto in 2009. Bitcoin has no central governing authority, is owned by no country, and has limited transaction processing times. Blockchain technology allows it to process transactions much faster than traditional payment platforms. Bitcoin has reached a market cap of $41 billion, which makes it one of the most successful digital currencies ever. Its speed and accessibility make BTC ideal for small businesses that use e-commerce platforms like WooCommerce or Magento for their online stores.
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2) Ethereum (ETH)
Ethereum is an innovative altcoin that had a great 2017, growing from $7 in January to over $400 by early December. What made Ethereum so popular? First, it was one of the first altcoins to take on smart contracts, and second it has strong leadership backing up its technology.
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3) XRP (XRP)
Ripple is a real-time gross settlement system, currency exchange and remittance network by Ripple. Also called the Internet of Value, it allows for secure, instant and nearly free global financial transactions of any size with no chargebacks. For these reasons, XRP could be a good fit for banks and other institutions that handle large amounts of international transactions. The coin is expected to be utilized by financial institutions in some capacity in 2017. (See also: What Is Ripple?)
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4) Monero (XMR)
The private coin – similar to Zcash, Monero is difficult to trace and uses an entirely new codebase that makes it unique. It is one of only a few cryptocurrencies to have built-in privacy features. Transactions on Monero are completely untraceable, whereas Bitcoin transactions can be traced through its blockchain ledger.
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5) EOS (EOS)
EOS is an Ethereum-based blockchain platform that was launched in 2017 by creator Dan Larimer. It claims to be scalable, reliable and provides fast transaction speeds (seconds). The $1 billion initial coin offering (ICO) of EOS sold over 350 million tokens. Top investors include Block.one, a venture capital firm founded by Larimer in 2017, which contributed over $800 million to back EOS.
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6) Litecoin (LTC)
Though it’s been around for a few years, Litecoin (LTC) is still considered to be one of the new kids on the block. Launched in 2011 as an open-source, decentralized peer-to-peer alternative to Bitcoin and based on similar blockchain technology, LTC boasts a number of key differences – including faster transaction processing and improved storage efficiency than its more famous counterpart.
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7) Zcash (ZEC)
Zcash is another privacy-focused coin that uses a technology called zk-snarks. If you’re interested in mining Zcash, and using some of your computers spare CPU for mining it, you can get help from our guide on how to mine Zcash. Ethereum (ETH): Ethereum is different than Bitcoin in that it was designed to do much more than just serve as a digital currency. The potential applications of Ethereum are wide ranging and run on its platform-specific cryptographic token, Ether.
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8) Cardano (ADA)
Cardano is a project that’s built on scientific philosophy, and its team consists of a large group of expert engineers and researchers. It’s relatively new compared to many other cryptocurrencies, but it has already made great strides in developing its technology. It’s also got a strong community behind it, which makes investing in Cardano (ADA) feel safe and secure.
What is Bitcoin?
In October 2008, an anonymous programmer or group of programmers under the pseudonym Satoshi Nakamoto introduced a new electronic cash system called Bitcoin to the world. Since then, Bitcoin has become the first decentralized cryptocurrency and one of the most important financial technologies of our time, with millions of dollars invested in it and hundreds of start-ups and companies being built on top of it. So what is this mysterious technology and how does it work? Read on to find out!
Basics
Bitcoin with a capital B refers to the technology, network, and protocol (transactions and ledger) that enables cryptocurrency to exist. All of these things run on blockchain, which is a decentralized public digital ledger. As opposed to other types of digital money or currency, bitcoins aren’t printed or minted—instead they are mined using computing power in exchange for reward coins. Top 8 Cryptocurrencies That Will Make You Rich
How do you buy bitcoins?
Once you’ve got a wallet and have selected an exchange, it’s time to buy. The two most common ways to purchase bitcoins are Top 8 Cryptocurrencies That Will Make You Rich
Where do you keep your bitcoins and other cryptocurrencies?
If you’re going to invest in cryptocurrency, one of your most important decisions will be deciding where to store your investments. There are a few different options that are worth considering, depending on how you want to hold your cryptocurrencies. Among them
Is bitcoin legal in your country?
In a word, yes. However, you should note that regulations may vary between countries. For example, in Japan, bitcoin has been recognized as a legal method of payment since April 2017.
How can I use my bitcoins/cryptocurrencies?
Bitcoins aren’t accepted in a lot of places just yet, but that could change as it becomes more popular. Until then, you can use your bitcoins to purchase gift cards for major retailers or other types of gift cards offered by specialty shops. You can also use your bitcoins to purchase digital products like music and video downloads.
A Final Word of Caution
Investing in bitcoin may seem counterintuitive—after all, bitcoins don’t pay interest. But you needn’t look any further than your own online bank account to see how popular currency-investment tools are among non-traditional stock investors.
What are cryptocurrencies?
Cryptocurrencies are digital or virtual currencies that use cryptography, usually combined with blockchain technology, to secure their transactions and to control the creation of new units. In some cases these assets are used as payment systems; alternative financial networks and currencies like Bitcoin, Ethereum, and Litecoin have been called cryptocurrencies to distinguish them from fiat currencies and digital payment systems.
Blockchain Explained
While it’s been in existence for a while, blockchain is becoming increasingly popular—especially as it continues to spur some pretty wild innovation. Here’s everything you need to know about blockchain before you start accepting cryptocurrency as payment for your next custom essay.
Bitcoin Explained
Cryptocurrencies are a new kind of digital currency, where encryption techniques are used to regulate the generation of units of currency and verify fund transfers. These currencies use decentralized control instead of centralized electronic money and central banking systems.The first decentralized cryptocurrency was Bitcoin, which was launched in 2009 by an individual or group known under as Satoshi Nakamoto. Since then, numerous other cryptocurrencies have been created. These alternative currencies go by different names depending on their feature sets; examples include Litecoin, Peercoin and Dogecoin.
How to Buy Cryptocurrencies
It’s not just Bitcoin anymore! There is a growing list of crypto-currencies that vary in utility, some of which we believe will become very popular in future (and therefore present great investment opportunities). At present, it’s difficult to invest in non-Bitcoin cryptocurrencies because many cryptocurrency exchanges don’t accept cash or credit cards. The best way to invest in non-Bitcoin currencies is through an exchange like Coinbase. Top 8 Cryptocurrencies That Will Make You Rich
How to Use Cryptocurrencies
With numerous cryptocurrency exchanges open for business, now is a great time to familiarize yourself with cryptocurrencies. You can use these electronic currencies to pay for goods and services without an intermediary such as a bank, although they’re not accepted universally yet. Exchanges exist in most countries, so you should have no trouble finding one that suits your needs. Popular types of cryptocurrency include Bitcoin, Etherium and Litecoin.
Final Thoughts
This is a tough question, because there’s no one right answer. There are thousands of new crypto-coins emerging onto (and off) exchanges every year, and hundreds of ICOs raising millions with nothing more than a white paper. Which coins will dominate in 2018 or 2025? Nobody knows for sure.