The newbies and novices to the world of crypto need to know how the cryptosystem works before investing in it. It is also important to help them get the best coin to invest into, as investing into the wrong one can lead to loss on their end. It is a stated fact that novices in crypto should also do their research (Dyor) before investing into it. This is a little guide on the best coins to invest into and their history to know how reliable they are.
The Bitcoin
Firstly, I will talk about the father of crypto [BITCOIN].
This will give you a little overview on it before we continue.
Bitcoin is the first decentralised cryptocurrency. Nodes in the bitcoin network verify transactions through cryptography and record them in a public distributed ledger called a blockchain. Based on a free market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown person. Wikipedia
Now we know why Bitcoin is called the father of crypto because it is the first one to be created, the first idea of creating cryptocurrency. Bitcoin has spent a long time in the system which makes it the most reliable, in terms of safety, than all other coins out there. It is also a good coin to look for because of how much market cap it has, and it is one with the highest coin price in the crypto system.
Bitcoin is no doubt a very good recommendation to invest to when looking to invest into crypto and also even when you already have a specific coin you want to invest into, it is wise to always hold bitcoin as well in any wallet, as it is a good and reasonable coin that has stand the test of time than any other coin in the crypto industry.
The Ethereum
The ethereum is seconded to bitcoin and it is as well the highest coin apart from Bitcoin, incase bitcoin does not exist, then it is for a fact that ethereum will be the highest, but bitcoin stands strong so we still have to put it in its place which is the next rated apart from bitcoin.
You should get a little idea below as well.
Ethereum is a decentralized blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. It is open-source software. Ethereum was conceived in 2013 by programmer Vitalik Buterin.Wikipedia
The ethereum coin is mostly used in the buying and selling of art in the world of NFTs. And of course, it is also available to the normal social activities done by investors, the buying and selling and trading in the crypto market. Buying and having Ethereum as well in a wallet is a wise decision because of how far they have proven to be reliable.
Bitcoin and Ethereum are the two top coiners that I can recommend for people to invest into as they have much more reliability than all other coins in the game as well, there are so many coins that have proven to be outstanding as well like BNB, HIVE and so on. I would have talked a little about them as well but it will be a topic for another day.
So looking to invest into cryptocurrency? Try Bitcoin and Ethereum to be on a much safer side and avoid risk of crashing. Get to the train now and invest into bitcoin and ethereum, it will be worthwhile.
What are your thoughts on the post and what would you like to add as well. I would be glad to engage them all in the comments.
I wish you all a very blessed weekend.