Posted on October 20th, 2018
Banking Cryptocurrency

TOP ALT-COIN’S TO INVEST IN

Top Alt Coin To invest

Altcoins are the alternative cryptocurrencies launched after the success of Bitcoin. In this article, we will be highlighting the top alt-coins to invest in. Let’s begin.

What is cryptocurrency and altcoin?

Before we take a closer look at some of these alternatives to bitcoin, let’s step back and briefly examine what we mean by terms like cryptocurrency and altcoin.

” A cryptocurrency, broadly defined, is virtual or digital money which takes the form of tokens or “coins.” ”

While some cryptocurrencies have ventured into the physical world with credit cards or other projects, the large majority remain entirely intangible.

Few people know, but cryptocurrencies emerged as a side product of another invention. Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency.

In his announcement of Bitcoin in late 2008, Satoshi said he developed “A Peer-to-Peer Electronic Cash System.“

Best Alt Coins

What are Alt-coins?

According to Investopedia

“Altcoin” is a combination of two words: “alt” and “coin”; alt signifying ‘alternative’ and coin signifying (in essence) ‘cryptocurrency.’ Thus together they imply a category of cryptocurrency that is alternative to the digital currency Bitcoin.

The success of Bitcoin as the first peer-to-peer digital currency paved the way for many to follow. Many altcoins are trying to target any perceived limitations that Bitcoin has and come up with newer versions with competitive advantages. As the term ‘altcoins’ means all cryptocurrencies which are not Bitcoin, there are hundreds of altcoins.

Many of the altcoins are built up on the basic framework provided by Bitcoin. Thus most altcoins are peer-to-peer, involve a mining process by which users solve difficult problems to unlock blocks, and offer efficient and cheap ways to carry out transactions on the web.

But even with many overlapping features, altcoins vary widely from each other – altocoins differ themselves from bitcoin with a range of procedural variations, including different proof-of-work algorithms, different means by which users can sacrifice energy to mine blocks, and application enhancements to increase user anonymity.

Top alt-coins to invest in

Bitcoin is just the tip of the iceberg. Today there are more than 1,000 other cryptocurrencies, sometimes known as altcoins, bringing their own value to the market.

If you’re looking for detailed reviews of some of the most popular cryptocurrencies, you’ve come to the right place.

EOS

EOS addresses some shortcomings of the Ethereum Network. For instance, to develop a dApp on Ethereum you need to use Solidity, a programming language for smart contracts. The need to know Solidity is a barrier to the use of the Ethereum Network.

EOS overcomes this by providing services to developers, including database and account management services, which do not require programming knowledge.

EOS has other technological strong points as well. For instance, it is fast and more scalable than Ethereum. Where the Ethereum Network requires users to pay gas to use the network, EOS does not have gas fees as transactions are approved by a centralized group of 21 gatekeepers. EOS also has huge and enthusiastic community support, and for good reason. The coin is not mined. Rather, block producers are voted in by the community.

Finally, EOS recently completed a successful token sale and has the capital to develop its full potential. For these reasons, I am confident EOS will be a profitable investment in 2019 and beyond.

See This:  The Ethereum Blockchain : All You Need To Know

Ripple — XRP

Ripple is the third-largest cryptocurrency by market capitalization after Bitcoin and Ethereum. It is a venture-backed startup that never held an ICO (which is the main reason why the SEC will never declare it a security). Ripple offers a global financial settlement service for banks that lets them transact directly and instantly across national borders. Thus, Ripple is oriented to large institutions instead of individual users.

Its goal is to give financial institutions an easy and reliable solution for cross-border payments. It has already partnered with large banks around the world and more financial institutions are moving to adopt the Ripple protocol. This institutional support and the fact it is safe from SEC regulation are why I believe XRP will survive the altcoin bloodbath.

Stellar — XLM

Stellar’s goal is providing a fast, efficient, and inexpensive service to individuals for cross-border payments. Unlike XRP, Stellar is geared to individuals, not large institutions. Companies like Paypal currently dominate the online payment sector and charge around 5% in fees per transaction. In contrast, Stellar offers 5 second transaction speeds and extremely low fees (e.g. the Tempo remittances dApp running on the Stellar blockchain can process 600,000 transactions for 0.01 USD).

Importantly, Stellar is it does not use proof of work verification, which means it doesn’t have to deal with the energy consumption issue plaguing Bitcoin (instead of PoW it uses the Stellar Consensus Protocol). Finally, Stellar has established several partnerships with large tech companies, including IBM. I think Stellar represents a solid investment.

Zcash — ZEC

The morality of darknet markets is not an interesting debate to me. However, the fact ZEC is secure and sought out by people who want their purchases to remain private adds value to the coin from an investment perspective.

This value will only deepen as darknet markets continue to grow. The Zcash dev team also recently published technical improvements they claim will reduce the memory consumption of transaction privacy by 98%.the Coinbase blog also recently mentioned Zcash as having great potential.

0x — ZRX

Many are aware of the recent explosion in the number of decentralized cryptocurrency exchanges. Decentralized exchanges are built with the 0x protocol, which is an open protocol allowing ERC20 tokens to be traded directly on the Ethereum blockchain.

This alone make 0x a promising investment. It has also hit a majority of milestones in its road map and was built through several libraries to ease its way into the developer community. It was mentioned on the Coinbase Blog recently as well. For these reasons, Ox is a good investment this year.

Basic Attention Token — BAT

BAT was founded by a team of highly regarded people with a lot of experience in the tech world. The token is a unit of account between advertisers, publishers, and users. Synonymous with BAT is the Brave browser, which integrates with the BAT token.

The browser can repel malware and protect the privacy of users while they surf the web. The BAT whitepaper banks on the fact users will welcome a browser that blocks trackers and ads that sell their personal information. I would tend to agree. This is why I think BAT is likely to be a good long term investment.

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Tron — TRX

TRX will be a controversial pick for some. Why add it to the list? TRON recently bought BitTorrent. This acquisition will mean big things if TRON can develop more secure and decentralized torrenting methods in the future. For instance,a major innovation would be to distribute file parts across a network and recombine them for user downloading, especially if this included first come first save placeholder-styled downloads.
Other points in TRON’s favor are that TRX is one of the few ERC20 tokens to make it to MainNet. The fact its chain is actually running is also something. TRON has over 300,000 accounts so far. Though still much less than the Ethereum Network, the growth is impressive. For these reasons, TRX is an altcoin with a solid future.

Ethereum Classic — ETC

ETC could be poised to survive for one major reason: Ethereum is moving towards a proof of stake system. Some people will undoubtedly want to use ETC over the new protocol because they prefer proof of work consensus. Coinbase also recently added ETC, which is a good sign this coin isn;t going anywhere soon. For these reasons, Ethereum Classic is a good investment.

Monero — XMR

Monero is a privacy token and the preferred coin in darknet markets (which is likely why Coinbase won’t be adding it any time soon). It has solid transaction schematics that involves ring signatures and stealth addresses created on on an ad hoc basis to keep transactions private.

Monero also runs on a proof of work verification standard similar to Bitcoin. PoW means there will always be a value behind XMR, even if only the cost of energy.

Litecoin — LTC

Litecoin was founded in 2011 and has become a Bitcoin alternative with a top 10 market cap of over 3 billion USD. LTC took key features of Bitcoin and improved upon the technology. Some differences between Bitcoin and Litecoin are the total supply, which is 84 million compared to Bitcoin’s 21 million. The average mining time of a block on the LTC blockchain is 2.5 minutes while it is

VeChain

They are an application platform which has branched off and is supporting Internet of Things (“IoT”), supply chain management and anti-counterfeiting. Big names have now come out to endorse them such as Jim Breyer and PwC.

Dash

Dash (originally known as darkcoin) is a more secretive version of bitcoin. Dash offers more anonymity as it works on a decentralized mastercode network that makes transactions almost untraceable. Launched in January 2014, dash experienced an increasing fan following in a short span of time.

This cryptocurrency was created and developed by Evan Duffield and can be mined using a CPU or GPU. In March 2015, ‘Darkcoin’ was rebranded to dash, which stands for “digital cash” and operates under the ticker DASH.

Cardano -ada

Cardano was founded by Charles Hoskinson in September 2017. It offers several technological upgrades than most blockchains. Yet, it offers Dapps and smart contracts like other altcoins.

ADA is a dapp-building system with its own native currency-ADA. Cardano was developed to solve three serious issues which are sustainability, interoperability, and scalability.

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The platform also aims to address the issue of international payment transfer which consumes time and money. Its ultimate goal is to reduce the transaction time of international transfers from days to seconds.

Bitcoin Cash – bch

Bitcoin Cash holds an important place in the history of altcoins because it is one of the earliest and most successful hard forks of the original bitcoin. In the cryptocurrency world, a fork takes place as the result of debates and arguments between developers and miners.

Due to the decentralized nature of digital currencies, wholesale changes to the code underlying the token or coin at hand must be made due to general consensus; the mechanism for this process varies according to the particular cryptocurrency.

Free Alt Coin

Advantagies of Investing in alt-coins

Proof-of-stake

By replacing or supplementing the proof-of-work scheme used in Bitcoin, there is the potential of making an altcoin “greener” (whilst altering its exact security mechanism).

Inflation and coin creation schedule

There is a long history of economists arguing whether inflation is necessary in a currency, to provide the incentive to invest rather than hoard. Whilst that argument would seem to only be relevant if you want people to invest even if the expected outcome of the investment is zero, there certainly isn’t an agreement in economic circles that an ultimately inflation-free currency is desirable. An altcoin with different characteristics, especially if it includes continued inflation, may be more appealing to many established economists.

Additional functionality

Enabling things not, or not readily, possible using Bitcoin, such as domain name resolution, smart properties, on-blockchain contracts.

Altcoins help Solve daily issues

Many argue that Altcoins do not have any real-life value so there is no use in engaging in crypto mining and scrypt mining procedures but this is not actually true. All of the major international e-stores nowadays accept digital currencies.

Complete Anonymity & Protection of Personal Dat

In an era defined by social media, lots of people wish that they could escape to an online or offline location where they will be invisible and inaccessible to others. Bitcoin and every Altcoin for that matter provide just this – personal privacy and security.

This also eliminates the odds of falling onto a scam or somebody getting a hold of one’s credit or debit card details. Double SSL encryption is utilized by most cryptocurrency exchanges which make transactions virtually untraceable.

Turning Mobile Payments into a Trend

Most Altcoin exchanges have a mobile app. The only thing that users have to do is scan a given product’s QR Code and then they pay automatically. Every transaction is thoroughly described in their account history. There are no hidden fees or transfer taxes.

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Reuben Oaikhena

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