Bitcoin is one of the first cryptocurrencies that was launched in the cryptocurrency world. Bitcoin was developed by Satoshi Nakamoto, a mysterious person or group of persons. But even though it is the most popular type of crypto, Bitcoin is not the only crypto that circulates in the digital world. A lot of spinoffs, innovators, and imitators created good forms of cryptos, which lead to an increase in the total number of cryptocurrencies circulating in the market today.
With that in mind, you might find it hard to find the best cryptocurrency where you can invest your real money. From the lesser-known cryptocurrencies to the most popular digital currencies, the following are the best forms of cryptocurrencies you may consider investing in this year.
Bitcoin Cash (BCH)
Bitcoin and other cryptocurrencies are managed by blockchain. Blockchain is a system that stores all the transactions made in the crypto world. Considering the increase in digital currencies, there is also an increase in data blocks. Consequently, this slows down the transactions of bitcoin. Not only that, but you might also notice an increase in the transaction charges.
Some of the developers of Bitcoin accumulated a solution to this problem, saying that it could decrease the data amount that every block could handle. But experts believe that it would lessen the crypto integrity. That’s why they developed Bitcoin Cash, the latest version of Bitcoin that was developed back in 2017 August. You can visit thecryptogenius.software to invest in bitcoins.
Bitcoin Cash (BTC) features different blocks, which can hold about 8 MB of data, enabling more frequent and faster transactions at a low cost. Even though this is less popular and newer compared to its predecessor, it has incredible scalability, which makes it one of the best digital currencies you can invest in this year.
Ethereum
Currency decentralization is the main philosophy of digital currencies. But it has been improved by Ethereum. Instead of following the said philosophy, ETH decided to decentralize the internet. This could be done by using a worldwide system of nodes instead of the previous serves. This can lead to the buildup of a single computer that can be used by ETH users around the world.
For those who don’t know, Ethereum is a software that uses blockchain technology, allowing the users to exchange crypto, known as ether. Ether is considered to be one of the well-known types of cryptocurrency circulating in the market. It has a market cap of 40 billion US Dollars, which makes it the next market contributor after Bitcoin.
Litecoin
Another cryptocurrency you may consider investing in 2020 is Litecoin (LTC). Some of its users who don’t understand its base technology might find it complex and obscure. Charlie Lee is the person behind this development. Lee wanted to make a “lite” version of Bitcoin. He wanted to create a form of crypto that will manifest the silver-to-Bitcoin’s-gold philosophy.
Litecoin was launched by Lee in public back in 2011, which created a type of crypto that is equipped with the highest-quality and latest features of Bitcoin with some improvements. One of the great things about Litecoin is that it performs transactions way faster than Bitcoin.
Aside from that, Bitcoin uses impressive raw computing power and specialized hardware that enable users to have an easier way of mining Bitcoin tokens. But with Litecoin, you don’t need to spend a lot to meet these system requirements. Use any standard computer to mine litecoin. The easiness and quick transaction offered by Litecoin made it a more powerful type of cryptocurrency that is more beneficial for both investors and users.