The criptomonedas remain the subject of the moment but, you know what are they exactly? It seems that what was once spoken of as passing fashion is here to stay. Cryptocurrencies have been going strong, although they still generate a strong debate about their security and whether they are a profitable investment route. But if they really were not, will more types of cryptocurrencies continue to appear every day? In the next article we will talk about what cryptocurrencies are and which are the most famous to invest this 2020.
What are cryptocurrencies or cryptocurrencies?
The criptodivisas or criptomonedas is a digital exchange medium, ie, a digital currency without hardware, which uses cryptography to control and manage safely transactions between users.
Its main characteristics, as we have said, are that it is not a physical currency, although it can be stored on devices such as hard drives or external memories; and that its creation is based on a unique cryptography and currently they do not depend on any agency or government that is in charge of generating this type of currency.
How many cryptocurrencies or cryptocurrencies are there?
Today there are more than 2,500 virtual currencies worldwide and on the rise. In addition, every so often a new one appears, which is created through a process called ICO.
What sets all these currencies apart is the technology, encryption, and philosophy they use. Most cryptocurrencies use Blockchain technology, but it is not the only one. As for philosophy, it can be said that there are as many as coins.
With the creation of new cryptocurrencies, new platforms have appeared to send, receive and buy different types of cryptocurrencies such as Bitcoin, Bitcoin Cash, ethereum and Litecoin. We are talking about Coinbase, a platform and digital wallet that allows you to operate with cryptocurrencies in a simple and secure way.
The latest news of the BlockChain boom increasingly predicts the consolidation of virtual currencies, despite falls such as the one suffered in early 2019. This does not mean that they are not safe or profitable, only that we must consider at the time that they are they find to tap their potential. We tell you what are the cryptocurrencies of the moment and the ideal to invest in 2020.
The ranking of the 10 cryptocurrencies to invest this 2020:
Bitcoin is surely the cryptocurrency you have heard the most about. The reason for the fame of this digital currency is that it is the pioneer, in 2008 it was created by several people under the name of Satoshi nakamoto. Of course, at launch it did not have the value it has now and most could not even think that it would achieve this data.
Without a doubt, this coin has positioned itself as a leader in the digital market and can be a great investment for this year. However, it has suffered great ups and downs and it is difficult to know when to go up or down. That is why we offer you other cryptocurrencies that are worth paying attention to.
The Ripple (XRP) for many experts is the successor to the Bitcoin as this digital coin was created by former developers of the Bitcoin in order to improve performance.
Like Bitcoin, Ripple is a totally secure and encrypted system whose transaction information is public but payment information is not, that is, it is a confidential system where the sender and receiver are the only ones who have the information and code that decrypts. A good investment option.
After the great growth that it experienced in 2017, this 2018 experienced a significant drop, despite still remaining positive.
Created by former Google employee Charlie Lee in 2011, Litecoin was launched as an alternative to Bitcoin.
“ My vision is that people would use Litecoin every day to buy things. It would simply be the payment method of choice. “
It has an upper limit to the Bitcoin (84 million vs. 21 million) and currently there are about 55 million litecoin outstanding. For this reason, many experts are betting on this cryptocurrency in the future.
The ethereum and ether were in 2017 one of the criptodivisas most profitable and is based on technologies such as Aragon or Stox alternative. It is the second digital currency in terms of capitalization why he is considered a great alternative to the Bitcoin.
In 2018 the upward trend of this cryptocurrency was maintained until reaching its historical maximum at $ 1,423 at the beginning of the year.
What stands out most is its consolidated application development and the use of smart contracts, making it a more ambitious Blockchain project than Bitcoins.
The Neo or “ethereum of China” was created in 2014 by Da Hongfei who wanted to reassure about the fears of cryptocurrencies in his country. Back then, the Chinese government announced tighter control over the digital money sector and has banned ICOs from freely managing. Of course Neo is a digital currency that we cannot lose sight of.
Features that can make you choose this currency is that Neo allows you to build decentralized applications as well as smart contracts, and Neo is indivisible, not like ETH.
The differentiating element of the Monero cryptocurrency is its anonymity. In its philosophy, Monero allows each transaction to be completely anonymous, including sender, recipient, and transaction volume. For many this is a problem because it is believed to benefit cybercriminals.
There are currently almost 20 million in circulation and unlike Bitcoin and Litecoin does not have a fixed supply of coins. An investment option that we should not waste either.
According to experts, Monero has the prospect of experiencing its greatest growth and could reach $ 50.
Dash is another peer-to-peer cryptocurrency, like Bitcoin, but it integrates more advanced functionalities, such as: instant transactions and private transactions. The good thing about cryptocurrency dash is a digital currency that lives volatile times and is available at a great price.
IOTA / MIOTA
The IOTA rose sharply after the announcement of its partnership with Microsof t and even drove to become one of the most valuable criptodivisas. Its great difference compared to the others is that it has no commercial rates, no miners or blocks. So the so-called miners are no longer required, where a large amount of computing power and a large amount of coins are required. Here in each transaction power is given to validate two other transactions, making IOTA owners the chain’s own miners.
The neM, created in 2015 like many cryptocurrencies, uses Blockchain technology for its management: Its most innovative element is that it allows sending messages, registering names or creating accounts with various holders.
When it comes to investing, it is considered a “low cost” cryptocurrency due to the low price with which it has closed the last year, but still experts predict that 2019 may be a great year for the neM, we will be waiting.
The Cardano block system is relatively young hence its popular ignorance, but it certainly promises. The project was born in 2015 from the hand of prominent academics and engineers and it was not a reality until the end of 2017. Its currency, Ada, already has almost 26 million of up to 45 thousand that it can house.
What is striking about this currency is its division into two layers: one the payments layer where transactions are executed and another where applications and contracts are carried out, called the computing layer.