Top 5 Crypto Projects to Keep Your Eye On
Cryptocurrencies have been making headlines for years. There are now over 1,000 cryptocurrencies in existence. It can be hard to keep track of all the latest projects and stay informed about which ones will stand the test of time.
But don’t worry! We’ve compiled a list of 5 crypto projects that are worth your attention. These projects have the potential to change how we use and trade cryptocurrency. Keep reading for more information about each project, what they do, and why you should watch them going forward.
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Introduction
- Bitcoin
- Ethereum
- Litecoin
- Ripple
- IOTA
Bitcoin is the most well-known cryptocurrency and was the first decentralized digital currency to be created. While many people know of bitcoin, many don't know that it isn't just one cryptocurrency. There are over 1,000 cryptocurrencies in existence. One of the more popular alternatives to bitcoin is called Ethereum which was developed as a platform for smart contracts. Another popular cryptocurrency is Litecoin which is often described as "silver" compared to bitcoin's "gold." Ripple also has some similarities to bitcoin but its entire network doesn't use mining and instead relies on consensus. Finally, IOTA was created as an open source distributed ledger specifically designed for the Internet of Things (IoT).
Top 5 Crypto Projects to Keep Your Eye On
- Dash
Dash is a privacy-focused digital currency with instant transactions. Dash offers three key features: InstantSend, PrivateSend, and Decentralized Governance by Blockchain. Dash’s decentralized governance and self-funding model ensure that it will remain a relevant project in the years to come. - Steem
Steem is an open source blockchain database that supports community building and social interaction with cryptocurrency rewards. In other words, the Steemit platform incentivizes customers who engage with the content on their site. - Zcash
Zcash is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions using advanced cryptographic techniques called zero-knowledge proofs. The Zcash technology provides all the benefits of a crypto such as decentralization, anonymity, and immutability but unlike Bitcoin, there isn’t a permanent public record of every transaction made in the network like it’s blockchain ledger. Rather, specific details about transactions are recorded on private so-called zk-SNARK ledgers which doesn’t make any information about them public or available for mining by anyone outside of the company developing Zcash 4 .
4 . Siacoin
Siacoin is a decentralized storage platform that allows users to rent out their unused hard drive space on their PC to earn Siacoin (SC). Siacoin has been gaining traction because users can rent out their hard drives but also
Crypto Projects You Should Be Aware of
- Ethereum
Ethereum is a public blockchain platform for decentralized applications and smart contracts. The project was publicly introduced in 2013 by Vitalik Buterin, and it has become the second largest cryptocurrency by market capitalization (according to coinmarketcap.com).
Ethereum was designed to provide an alternative protocol for building decentralized applications, as opposed to building on top of Bitcoin's blockchain. The advantage of this approach is that unlike with Bitcoin, any developer can create new applications that utilize the Ethereum blockchain, and these new applications don't need to use bitcoin or any other cryptocurrency at all. - Ripple
Ripple is a real-time gross settlement system (RTGS), currency exchange, and remittance network created by Ripple Labs Inc., a US based technology company. It provides one frictionless experience to send money globally using the power of blockchain technology which means that transactions are completed in seconds regardless of your location or what currencies you use.
Unlike most cryptocurrencies, Ripple isn't mined from the ground like coal or gold--you can't produce it from nothing but rather, it's made centrally by its parent company Ripple Labs Inc., who then distribute XRP tokens through their own system called "XRP Distribution." This makes it easier for anyone with an internet connection and a bank account or credit card to access large amounts of XRP instantly in order to be able to trade them quickly and conveniently without relying on mining operations that can take days or weeks before they pay out users
What Is IOTA?
IOTA is a digital token that’s designed to power the emerging machine-to-machine economy, or the internet of things. IOTA was created as an open source project. This means, unlike many other cryptocurrencies, you don’t have to purchase tokens in order to use them. The developers of IOTA are currently working on creating a new type of blockchain that doesn’t rely on traditional blocks.
Why You Should Watch It: IOTA may be the future of cryptocurrency! It has recently skyrocketed in popularity and there are high expectations for it going forward.
What is Ethereum?
Ethereum is a decentralized platform for applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. Ethereum is powered by its own currency, ether.
What does it do?
Ethereum enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk. The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit organization.
What is Waves?
Waves is a blockchain platform that allows users to create their own custom token and start crowdfunding. They launched in 2016 as a response to the global demand for more decentralized exchanges and crowdfunding. The Waves platform has also been designed with point-of-sale applications in mind, making it a good choice for retailers looking to implement crypto into their business operations.
Conclusion
This article will highlight the top 5 crypto projects to keep your eye on. These projects may be a little less well known but offer a lot of promise for the future of crypto.
- Cardano
- IOTA
- Ethereum
- Waves
- Dash
Each of these projects has something that makes it stand out. For example, Cardano is being built with two layers for different purposes and Ethereum is a platform for smart contracts, which are made to facilitate safe transactions between two parties without requiring a third party to verify or let them communicate. All of these projects have their positives and negatives, but it's important to be aware of each of them to get the best sense of what's happening in the crypto space today.