There are more than 800 cryptocurrencies / crypto forms of money in circulation and it is critical to comprehend the distinctions and utilize cases before settling on a choice to invest. Crypto's are not equivalent – Some are "me too's", some have particular uses and some have One of a kind Offering Focuses.
#1 Payment System and Digital Money
BITCOIN – A digital and worldwide payment system that enables individuals to send or get cash over the web to anybody, anyplace, whenever. Store of Significant worth, Sponsored by arithmetic and Verification versus trust.
Why BITCOIN?
Growing adoption by Developers, consumers, dealers, Government, Organizations driving cost,
Common Support against Fiat Monetary forms,
Just 21 million to be created which will expand the estimation of Bitcoin after some time.
#2 Keen CONTRACTS
ETHEREUM – A decentralized platform that runs smart contracts which are applications that run precisely as programmed with no plausibility of downtime, oversight, extortion or outsider obstruction.
The Ethereum token, Ether, is exchanged amongst accounts and utilized as compensation to nodes for computation.
Why ETHEREUM?
Business Reception – Enterprise Ethereum enterprises, startups, academics, and technology vendors with Ethereum specialists.
Developer Adoption – Effectively compose decentralized applications (Dapps) utilizing blockchain technology.
Capacity to develop Initial Coin Offerings known as ICO's
#3 ENCRYPTION
EOT – The “Encryption of Things” is a process whereby physical items, which are linked to the internet, are being safe guarded against intrusion by the use of cryptocurrency
Open Source and Decentralized, Secure and Fast Transaction time
Why EOT?
For use in physical devices such as the BitVault – It is estimated that more than 20 Billion devices will be connected to the internet by 2020 – these devices need to be secured with encryption
New Opportunities – Developer Platform.
#4 GLOBAL INTER-BANK PAYMENTS
RIPPLE – Using Ripple, banks can meet growing demands for faster, low-cost, on-demand global payment services for any payment size
Ripple is built on a distributed open source Internet protocol, XRP ledger, and the currency is XRP
Why RIPPLE?
New revenue opportunities, Lower processing costs and Better customer experience.
#5 BLOGGING
STEEM – Steemit is a social news platform that pays clients with digital currency called Steem for posting journals, videos or pictures – Likewise procure Steem for "upvoting" great substance
Why STEEM?
Earn while you Blog
There are crypto's with one of a kind offering focuses, for example, speed, protection, anonymity, and examples are Dash, Monero and ZCash.
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