What Are The Cryptocurrencies With The Most Future?
Cryptocurrencies : The world of virtual currencies is quite uncertain and volatile , although what is clear is that it can bring great benefits if you know how to invest in cryptocurrencies.
Below we show you the cryptocurrencies with the best future prospects.
Derived from Bitcoin, this cryptocurrency became popular because it was based on the Doge meme (2013) , which was a photo of a Shiba Inu dog to which funny phrases were added.
Billy Markus created it as an alternative to the bad reputation Bitcoin was having for being involved in black market transactions on the Dark Web.
The operation of Dogecoin is similar to that of other cryptocurrencies since its mining is based on solving complex algorithms through a computer program.
This cryptocurrency has experienced a great boom thanks to the media support it has had from celebrities such as Elon Musk , who claimed that it was the people’s cryptocurrency, as well as the support of musicians such as Snoop Dogg or Gene Simmons (KISS).
2. Terra (Moon)
Launched in 2019 by Terraform Labs , Luna is a cryptocurrency whose platform uses a proof-of-stake (PoS) consensus algorithm . This virtual currency was born with the aim of strengthening stable payments and decentralized finance (DeFI) through blockchain technology or chain of blocks.
One of the factors that has contributed to this cryptocurrency having a great projection for the future has been its association with the Korean mobile payment service, CHAI . Social acceptance has been such that in Korea they use this virtual currency to make purchases in the real world, such as buying movie tickets.
3. Cardano (ADA)
Cardano is a public decentralized blockchain platform that is supported by a wide community for being Open Source.
Its cryptocurrency, ADA , is named after Ada Lovelace, one of the pioneers of programming. This cryptocurrency uses proof of stake (Proof of Stake) as a consensus protocol.
In recent years it has become popular for making progress in terms of interoperability and scalability. It is a third generation blockchain that allows the creation of smart contracts and decentralized applications.
4.Binance Coin (BNB)
The Binance Coin cryptocurrency, whose name comes from the words “binary” and “finance” , manages more than 100 digital assets and is the largest in the world by trading volume.
Unlike other cryptocurrencies, Binance Coin is traded solely on the Binance platform. As with ADA, this currency is accepted in some businesses as a form of payment for goods and services.
Founded by Chris Larsen and Jed McCaleb , Ripple’s XRP cryptocurrency does not use blockchain technology like Bitcoin or Ethereum . Ripple has its own patented technology (RPCA) with which it verifies transactions.
This official organization is supported by the banks, so it is highly centralized. It is also an open source product like ADA and has the ability to be exchanged into any currency or value with a minimal fee.
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