You should be careful with new coins. In pursuit of solving one of the main problems of classic cryptocurrencies, (a small number of transactions processed per second), many of them lose the fundamental crypto advantage – decentralization. And while the example of Ripple shows that modern society does not consider centralization as a huge minus, in the future this situation may change. In any case, the following are altcoins to watch over. Analysts at ICO Pulse represent the best new altcoins in 2018.
One of the top altcoins 2018, which gained huge popularity in Japan. NEM.io uses Proof-of-importance consensus algorithm, which, in fact, is slightly more complex PoS. Developers position their cryptocurrency as “Ethereum killer” with the ability to process up to three thousand transactions per second (for comparison, Ethereum processes about… ten).
This cryptocurrency (iota.org) is created for the Internet of things and it brings new radical ideas to the industry. One of these ideas is the replacement of the blockchain with a directed acyclic graph. That is, instead of a single chain of blocks, the technology uses multiple chains at once. This solution allows the system to scale up indefinitely and process as many transactions per second as humanity does not even need now. But one detail – the coordinator – slightly overshadows the picture. Yes, this is a classic central server that checks the correctness of all transactions and has unlimited power in the system. And although the developers claim that the coordinator is needed only until the network gets stronger, and in the future will be removed, at the moment the system is centralized.
Another best altcoin 2018 and “Ethereum killer” with infinite scalability, “free” transactions and ICO, which lasts a year. Developers compete with Ethereum not only by improving their creation but also by constantly criticizing Ethereum on Twitter, thus periodically generating heated discussions with Vitalik Buterin (creator of the Etherium), which constantly points out the shortcomings of EOS technology (eos.io).
Another “Ethereum killer”, this time – from China. It has smart-contracts support, unlimited scalability and a bunch of additional features. Many people consider NEO (neo.org) to be one of the best cryptos for 2018 and one of the most promising cryptocurrencies 2018. But careful analysis shows that, first, 50% of the coins belong to the developers, and second, the consensus algorithm is based on a small number of full-fledged nodes, which are also under developers control. Unlike Ethereum, you cannot buy equipment and start confirming network transactions – this activity is reserved for the “chosen ones” only. This resembles Ripple’s architecture. Although, the total centralization of Ripple did not prevent this currency from achieving success. Hence, NEO also has chances.
Young applicable cryptocurrency. Golem.network developers are building a platform for distributed computing. Using this platform, you can, for example, buy the processing power of a graphics processor for rendering a 3D-scene. Or rent the power of a CPU for mathematical calculations. A very promising direction, which, if implemented well, will forever change the world. The coin is definitely among the top top coins for 2018.
We are finishing our top alt coins with ZCash fork, which was not anything special until recently. But not so long ago, developers have implemented a new master node system. Unlike “classic” master nodes, which require huge investments and are available in a small number of networks, ZenCash (zencash.com) master nodes are cheap and available in huge quantities. Such a system of master nodes represents a decentralized network, each node of which is rewarded for its work. On such a network, you can implement many interesting projects from the decentralized Internet to the calculations system. This is a promising direction – we will observe how the developers will develop it.
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