Top Altcoin potential has real value in the long term

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It has been 10 years since the launch of the oldest in the cryptocurrency world – Bitcoin – thousands of coins have been born and exist today, each with their own unique characteristics. Which of them really can change the world? Here are 5 of the   most promising Top Altcoin potential .

Ethereum / Ether (ETH)

Since the Ethereum network was born in July 2015, the local currency Ether (ETH) – has proven its popularity among investors. This is due to the impressive transaction speed compared to Bitcoin, and its wide applicability.

To evaluate the benefits of ethereum, we first need to understand  what Ethereum is . The project is a decentralized, open source computing platform, community distribution and smart contracts running  .

The Ethereum network has created hundreds of  DApps  (decentralized applications), built and deployed by developers. This blockchain technology  has many other applications, digital money is just one of them.

In the Ethereum protocol and blockchain, there is a price per operation. Ether is simply the cryptocurrency unit used on the Ethereum blockchain, and is used to pay for computing power and transaction fees.

The founder of the Ethereum platform is a Russian-Canadian programmer ,  Vitalik Buterin , that has made Ether the second largest cryptocurrency platform in terms of market capitalization.

Buterin published the Ethereum white paper in November 2013, setting out the desire to establish a platform on which decentralized applications can be built.

The Ethereum project raised nearly $ 20 million in funding before its launch in July and August 2014. That’s why the platform has achieved great results, thanks to the support of some players. ” have mind. ” The United Nations, Toyota, Deloitte and many others have taken advantage of Ethereum’s strong shared global infrastructure. In addition, major financial institutions, such as JP Morgan and Credit Suisse, as well as technology giants, including Microsoft, have invested heavily in the project, thereby increasing their chances of completing. into its set goals.

Experts hope the Ethereum platform will scale up and become a popular feature of post-blockchain internet and business context. The potential for both Ethereum and Ether is enormous.

DASH (DASH)

Dash (DASH) is a combination of “digital” and “cash”. It is an open source peer-to-peer cryptocurrency that offers similar features to Bitcoin, but more importantly, has more advanced capabilities. These include instant transactions, private transactions, and ‘Decentralized Governance Blockchain Budget’ (DGBB).

Dasg is one of the most popular cryptocurrencies in the world for investors since its inception in early 2014. Largely due to its impressive trading speed.

Evan Duffield  founded Dash – originally known as XCoin and then Darkcoin, shortly after, was renamed to its current name in March 2014. The element that helped Dash shine quickly into a star in the community. That cryptocurrency is its processing time.

Dash’s platform has been compared to PayPal (a company specializing in payment and money transfer services via the Internet), and DASH has quickly become one of the top 10 altcoins. One reason many technology enthusiasts invest in the coin is its diversified portfolio and can be considered as a hedge against Bitcoin.

In addition to the Bitcoin feature set, Dash provides instant transactions (InstantSend) and private transactions (PrivateSend). Moreover, it is also operating an autonomous and self-funded model, allowing the Dash network to pay individuals and businesses to do the work, adding value to the network. This system of governance and budget makes it a decentralized autonomous organization (DAO).

Stellar (XLM)

The Stellar  network is an open source blockchain that allows cross-border transactions, equal access for all users. Launched in 2014, Stellar is the brainchild of former Ripple  Labs  founder  Jed McCaleb , after he and the rest of the council had ideas that contradicted the overall vision of the project.

The concept behind the project is to bring money into fiat or digital, allowing people to have access to the system faster, cheaper, and more effectively in the process of conducting cross-border transactions. .

Stellar uses Lumens (XLM) as its network currency. Initially 100 billion Lumens were created, but currently the supply of XLM is infinite (Lumens has an annual growth of 1%). The current transaction time when using Lumens is very low, only takes 2 to 5 seconds to complete. Not only fast transaction speed, but the cost of transactions using Lumens is only 0.0001 XLM.

Stellar’s partner organizations – dubbed “anchors” – trusted institutions like banks or companies that offer credit lines that allow people to use the platform with assets like the pound and Euro, etc.

Stellar has a pretty impressive feature, that is, it is a decentralized exchange suitable for buying and selling offers from money-holding anchors, always trying to find the best exchange rate. The Stellar network can be used to exchange any currency held by anchors, this includes other cryptocurrencies.

Important partnerships with IBM and Deloitte, fast transaction times and low costs, help Stellar have a promising future.

IOTA (IOTA)

The purpose of the IOTA project   is to be a distributed ledger for the Internet of Things (IoT). The number of supporters of the project is increasing, they believe that the project uses the unique Tangle architecture, which has some special advantages compared to other blockchain-based cryptos. Specifically: its scalability is infinite, decentralized, modular and there are no transaction fees.

In 2018, there were about 31 billion Internet of Things (IoT) based devices in the world, according to London-based analysts IHS Markit. That number is currently growing exponentially, with millions of new sensors being added every week, making the planet more connected than ever.

David Sønstebø, founder of IOTA, believes this is a backbone solution of the IoT world. He said IOTA – an open source distributed ledger protocol that was “beyond the blockchain” and was developed to enable “model transformation” into IoT by establishing an “actual ledger that normalizes all things ”.

 This cryptocurrency will allow data exchange between IoT-equipped sensor devices. IOTA cryptocurrency is part of the overall platform, and is designed to serve as a common payment method for transactions that take place on the IOTA network.

Importantly, unlike most other cryptocurrencies, the IOTA platform does not use a blockchain. Instead, it is supported by an infinite technology that its creator called “Tangle”. The developers believe that this design will make a difference for IOTA before all other major cryptocurrencies.

The platform also eliminates miners, without losing the hierarchy. And so, IOTA is completely free to use.

Here people will play an equal role in the network. Every time a transaction is made, the issuer needs to authenticate the previous two transactions. This process uses a variety of encryption algorithms, as well as a number of other complex techniques, to be able to complete this work.

The community will be increasingly linked together through IoT technology, and the more people use the IOTA platform, its transaction speed will be even more impressive than it is now.

EOS (EOS)

Can  EOS.IO  become the “Ethereum killer” as more and more people support it? The signs show it is really promising. White paper on the project in Hong Kong was published in 2017 and it didn’t take too long for EOS (EOS) – the token of the blockchain system to support decentralized application platforms (DApp) – to join the Top Top 10 altcoins in terms of market capitalization.

The EOS.IO platform was launched in late January 2018 by block.one – a startup and pioneer in the blockchain space, specifically geared towards promoting DApps and smart contracts.

Incredibly, block.one raised more than $ 4 billion in initial coin offerings (ICOs) – a respectable record. That means research and development will likely continue on a large scale for decades (in theory).

Like Ethereum – with Ether (ETH) being the second largest altcoin on the market at the moment – NEO and Ripple Labs, EOS.IO is aiming to become a potential player in the blockchain field.

To do this, the development team has created a standard platform for using new and potentially changing technology in the world, transforming the way in finance, healthcare and many industries. The other is in the direction of technologyization and modernization.

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