What is a cryptocurrency? OK, wait. Let me ask you this first, “have you ever heard of cryptocurrencies?” Even if you have never heard of cryptocurrencies, don't worry! Here I am giving you a comprehensive description of them, and about top 5 cryptocurrencies to invest in 2017.
What are cryptocurrencies and the history: Well, here I am going with the definition given in Wikipedia: “A cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.” In simple words; “cryptocurrency is digital currency.” The first cryptocurrency introduced in 2009 (Bitcoin), and by today, there are hundreds of other cryptocurrencies. “Altcoins” is another name given to cryptocurrencies. Well, the name of the developer, “Satoshi Nakamoto” is not the real, though. In other words, a “Pseudonymous Developer” created the first cryptocurrency, “bitcoin”. The government has no any control over these currencies.
Bitcoin-accepting web designers:
With its popularity over the past few years, I came across bitcoin-accepting web designers, as a form of payments. Apart from accepting bitcoin, they are big supporters of cryptocurrencies. This clearly shows that this payment method has become “worldwide-famous,” and it is very popular in the web design sector as well.
Top 5 cryptocurrencies to invest in 2017:
OK, now let's come to the major topic. Below is a list top 5 cryptocurrencies/Altcoins to invest in 2017. I am writing about this investment from information I gathered from the constantly-updating official Crypto-Trading calendar. I would like to say, “this is a smart new investment.”
As you already know by now, it is the mother of all cryptocurrencies. Well, I must say; don't get discouraged to invest in Bitcoins due to its “high price.” It worth more than you think. Think of its positive sides. It is the most accepted cryptocurrency. Also, through companies such as Tesla and large volumes, Bitcoins doubles in value.
Wikipedia says, “Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. It is built upon a distributed open source Internet protocol, consensus ledger and native currency called XRP (ripples.)” I would say, this is the best for long-term investment. Ripple is now teamed up with top banks like RBC and CIBC. Just remember, don't go for third-parties with Ripple in hand. Big banks adapt Ripple to their systems, and more development is on the way on this cryptocurrency.
This cryptocurrency is a public blockchain platform. It has a programmable transaction functionality. Other cryptocurrencies also use Ethereum’s system for running their currency. It has a strong foundation. Canadian, Russian, and Chines investors are backing up this cryptocurrency. So, we can predict a bright future with Ethereum. Politicians, consumers, banks, and investors are attracted to the cryptocurrency Ethereum.
This cryptocurrency is very popular in Darknet's largest marketplace. Healthy value and anonymity are its great strengths. Its market capitalization is on the rise. So, with time, more merchants would use Monero. Also, the demand for this cryptocurrency is very high relative to the coins available for supply. You better be quick so and grab your coins before it's too late.
This cryptocurrency is in the marketplace for a long time, and it has a reputation in maintaining its healthy value. Litecoin is definitely a safe long-term investment. It has all the good qualities of a successful cryptocurrency, the quantitative flow, professionalism, and trust.
The use of cryptocurrencies is on the rise. Bitcoin accepting web designers proves that the use of cryptocurrencies in payment process is safe and is extending. If you are looking for a safe long-term investment, cryptocurrency is a wise choice. And, I hope that web designers in Sri Lanka would become bitcoin-accepting web designers, in the near future.
NOTE : This is a list of suggestions based on current market trends. So invest at your own risk on cryptocurrency as the prices may fluctuate due to various reasons.