Throughout the course of the last few years, the idea that Bitcoin and other forms of cryptocurrency are digital gold has gained a lot of popularity. In some cases, this may indeed be true, but for the most part, the applications of many of these currencies are pretty limited. Fortunately, there is an emerging trend of cryptocurrencies that are beginning to fill this void. There is a wide variety of altcoins to choose from, but those with real use cases differentiate themselves from their peers by solving a real-world problem. There are some digital currencies that are created specifically for use as currencies, while others are created to serve as smart contracts or digital assets.
Several cryptocurrencies have the potential to become valuable and sustainable even though many of them are still struggling to find real-world applications. Some of the more promising cryptocurrencies to consider are:
There are a number of problems with the current lottery system that is prevalent across the world. Lucky Block is a new lottery system that solves all of these issues and more. Blockchain technology and transparency make it fair for everyone involved.
While using blockchain protocols to guarantee transparency, smart contracts are used to decentralize the platform as much as possible. Token holders can either sell their tokens or hold on to them based on market conditions and player demand over time, giving players better odds at winning while also providing a solid investment strategy for token holders.
Ripple is both a digital asset and a payment system. Through its blockchain technology, global transactions can be completed instantly. Ripple was founded in 2012 by Chris Larsen and Jed McCaleb.
Unlike Bitcoin, Ripple is not a cryptocurrency. Banks, payment providers, and cryptocurrencies are using it as a digital asset. With Ripple’s distributed financial technology, funds can be transferred in any currency in no more than four seconds anywhere in the world. Both consumers and banks can use Ripple to send and receive funds. Originally, the aim was to create a decentralized system allowing people to transact securely, rapidly, and at a low cost worldwide.
Decentralized platform Ethereum was launched in 2015 and enables developers to build and run Distributed Applications (DApps) and Smart Contracts without third parties interfering, disrupting, fraudulent, or controlling them. Furthermore, Ether is the platform’s own virtual currency.
Developers are encouraged to use Ethereum because it allows them to move around the platform and it is popular among those interested in building decentralized applications. Through the establishment of a peer-to-peer network in Ethereum, we will be able to give the software instructions on how to execute various tasks, effectively making the software a distributed computer that spans all of the systems running the software.
The Cardano (ADA) project is a cryptocurrency and decentralized public blockchain. This platform enables peer-to-peer transactions to be made with the help of Ada, the company’s own cryptocurrency. Charles Hoskinson, the former co-founder of Ethereum, founded the company. It is expected that Cardano, the latest version of the protocol, will provide users with far more features than its predecessors.
What’s your favorite cryptocurrency? Don’t miss out on the opportunity to invest in any of these useful digital assets! Do share your thoughts with us through email. We love hearing from our visitors.