A cryptocurrency is a means of digital exchange. The first cryptocurrency that started operating was bitcoin in 2009 and, since then, many others have appeared. You are thinking of investing in cryptocurrencies, but you do not know which one is the best for this year. Here we have them:
1
IOTA.
The revolutionary accounting technology of this cryptocurrency is called "Tangle" and requires the sender in a transaction to make a Proof of Work that approves two transactions. Therefore, the IOTA has withdrawn dedicated miners from the process.
2
.
Ethereum.
A complete Turing programmable coin that allows developers to create different distributed applications and technologies that would not work with Bitcoin.
3
Bitcoin.
The first cryptocurrency that started it all.
4
Bitcoin Cash.
A Bitcoin holder supported by the largest Bitcoin mining company and chip maker Bitcoin ASIC. It has only existed for a couple of months, but the five most important cryptocurrencies have already shot up in terms of market capitalization.
5
Litecoin.
A cryptocurrency that was created with the intention of being the 'digital silver' compared to the 'digital gold' of Bitcoin. It is also a Bitcoin holder, but unlike its predecessor, it can generate blocks four times faster and have four times the maximum number of coins to 84 million.
6
Ripple
Unlike most cryptocurrencies, it does not use a Blockchain to reach a consensus across the network for transactions. Instead, an iterative consensus process is implemented, which makes it faster than Bitcoin but also makes it vulnerable to hacker attacks.
7
Monero
A cryptocurrency with capacity for private transactions and one of the most active communities, which is due to its ideals of openness and privacy.
8
Dash
It is a two-level network. The first level is the miners who protect the network and record the transactions, while the second consists of "master nodes" that retransmit the transactions and allow the transaction type InstantSend and PrivateSend. The first is significantly faster than Bitcoin, while the second is completely anonymous.
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