Bitcoin is the cryptocurrency that started it all, and as of this writing, it is still the largest cryptocurrency in terms of market capitalization. However, there are a few other cryptocurrencies that have the potential to become world-changers. Whether they will or not remains to be seen, but here are 5 cryptocurrencies that have the potential to make a big impact on society.
Ripple is a cryptocurrency that has been around for quite some time now, but it’s only recently gained traction. It’s used for payments and international money transfers, and its transaction fees are much lower than those of Bitcoin. That’s because Ripple acts as an intermediary between two parties who want to transfer currency. For example, if you want to send money from USD to EURO, you first convert USD into Ripple, then convert Ripple into EURO. This process can be done faster and cheaper than traditional methods because there aren’t as many intermediaries along the way. Ripple could revolutionize the way people transfer money internationally.*
Name:5 Cryptocurrencies That Have the Potential to Change The FinTech World
In the past month, the price of Bitcoin skyrocketed and passed $7,000. While the price of cryptocurrencies like Bitcoin and Ethereum is always in flux, some digital currencies have become significantly more popular than others.
Here are five cryptocurrencies that have the potential to change the FinTech game.
The first and most well-known cryptocurrency is Bitcoin. While it has been around since 2009, Bitcoin is still relatively new and has yet to reach its potential.
Bitcoin is a digital currency that uses blockchain technology to make transactions secure and easy to do. The price of one bitcoin is currently over $7,000 and continues to grow at an impressive rate.
Unlike traditional money, Bitcoin does not need to be controlled by a third party or even a physical wallet — once you buy it, you own it. Although it has not been proven, some believe that Bitcoin can provide financial privacy and reduce transaction fees while making transactions easier to track.
Cryptocurrencies are the most revolutionary invention since the internet. Cryptocurrencies have transformed the way we approach money and financial transactions. It has introduced a new form of currency which is fast, secure and decentralized. There are many cryptocurrencies available in the market today but not all of them are worth investing in. Here is a list of top 5 cryptocurrencies which have the potential to change the world:
Bitcoin, Ripple, Ethereum, Litecoin, and Dash are the five largest cryptocurrencies in terms of market capitalization. They are among the most promising cryptocurrencies right now. These 5 cryptocurrencies have the potential to change the world if they keep on growing.
The first cryptocurrency ever created is Bitcoin. It is by far one of the most popular and valuable cryptocurrencies in the world today. It was created by an anonymous person with a nickname Satoshi Nakamoto in 2009. Bitcoin has grown from $0 to $7000 in less than nine years which is quite remarkable for a currency that has no centralized power behind it. The value of bitcoin is expected to increase dramatically in the coming years because it has so much support from investors and companies such as Microsoft and Virgin Galactic who now accept bitcoins as a form of payment.
Ripple (XRP) is another decentralized cryptocurrency that aims to disrupt banks by providing them with blockchain technology to process international payments quickly and at a low cost. Ripple became one of the largest financial payment networks in 2016 by market cap (after surpassing Ethereum). The company behind Ripple owns 61 percent of XRP tokens which are currently valued at $0.40 each. Its market cap is over $15 billion dollars with a circulating supply of
The cryptocurrency world has seen a lot of actions in the past couple of weeks. The price of Bitcoin has risen from $8,000 to more than $11,000. Ethereum is also surging, trading for about $960 by press time.
Yet, despite all this excitement, there are still plenty of people who have no idea what cryptocurrencies are or why they matter. If you’re unfamiliar with digital currencies, it may seem strange that anyone would pay thousands of dollars for a digital token with no real-world value.
Fortunately, there are plenty of examples of real-world applications for blockchain technology (the underlying technology behind cryptocurrencies). Blockchain is essentially a decentralized database that runs on millions of devices around the world. In other words, it’s a very secure way to make sure that data hasn’t been tampered with. It’s also an excellent way to keep track of financial transactions because it can’t be hacked easily.
Here are just five ways that blockchain technology could change the world:
Bitcoin is often considered the first cryptocurrency, and while it was the first to get traction, the technology has improved significantly since the release of Bitcoin. Here are some interesting projects that have built on Bitcoin’s successes and have a chance at becoming a new form of secure decentralized currency:
It is hard to believe, but Bitcoin is nearly ten years old. While it is still the most popular cryptocurrency, it has been eclipsed in many ways by its successors. You can still use Bitcoin for transactions, but there are much faster solutions for payments. It is also a good hedge against other cryptocurrencies failing or being hacked.
Bitcoin has the highest market capitalization of all alternative cryptocurrencies, but Litecoin has a higher transaction volume than any other digital currency. It is also more energy-efficient than Bitcoin. While Litecoin was not the first alternative digital currency on the market, it was one of the earliest to gain significant traction. One of its advantages over Bitcoin is that it takes less time to process transactions using Litecoin’s Scrypt algorithm than it does with Bitcoin’s SHA-256 algorithm.
Ethereum is a decentralized platform that runs smart contracts using a custom-built blockchain rather than Bitcoin
If you are a newbie to the cryptocurrency market and have been hearing about Bitcoin and other cryptocurrencies, below is an insightful article for you. It not only discusses the best cryptocurrencies to invest in but also focuses on how to make an investment.
But before diving into the financial side of cryptocurrencies, let’s take a look at what they are.
What Are Cryptocurrencies?
A cryptocurrency is a digital currency where encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Basically, they are created with an aim to serve as a medium of exchange and not as an alternative to traditional currencies.
The Benefits Of Investing In Cryptocurrency:
1.They are decentralized:
One of the biggest advantages of investing in a cryptocurrency is that it is decentralized; i.e., it works without any central authority or banks that control it. The system is peer-to-peer, which means payments can be sent directly between users without any intermediary that includes governments or banks. The transactions are verified by network nodes using cryptography and are recorded in a public distributed ledger called Blockchain Technology.