IOTA (MIOTA) –Cardano (ADA) –Stellar Lumen – The year 2018 has seen a relatively stable growth in the crypto market despite a steady decline in cryptocurrency interest worldwide but 2017 showed the world why digital currencies are the future of transactions.
The growth of several cryptos last year ensured that virtual currencies became the major talk with Bitcoin reaching a high point of $20,000 to 1BTC. This led to a massive rush for several altcoins in the market pushing the growth of Crypto market to over a trillion dollars.
However, it is imperative to note that the Digital currency market is very volatile and it is not uncommon to see $100 investments turn to $40 due to poor crypto choices. The market is also just recovering from a steep decline of about 45% despite reaching record numbers in 2017.
The introduction of regulations by governments worldwide has also brought a negative spiral to the market which has cast fear over investors. Though on the whole, the blockchain technology industry is set to dominate after this significant hiatus.
Despite this setbacks experience in 2018, there are some cryptos which continue to provide profits for smart investors. Today we will be analyzing three of the best altcoins to invest in and provide full information to guide you on each of the coins.
IOTA (MIOTA): The Internet Of Thing Is Here
IOTA is a blockchain solution which has become one of the top 10 most valuable crypto-currency with a market cap of $2 billion. The crypto offers a great alternative to big brother Bitcoin and provides excellent value for investors and community of users.
Why Was IOTA Created
IOTA was created by mathematician Sergei Popov and other developers which includes David Sønstebø, Sergey Ivancheglo, and Dominik Schiener. Popov conceived the idea as a response to the shortfalls of Bitcoin after its initial success.
One significant aspect Popov wanted to resolve was the issue of fee charged by Bitcoin as every transaction carried out on Bitcoin carries a fee. Popov was able to fix this problem by proposing a mathematical solution in collaboration with other developers.
IOTA was launched in 2015 and unlike bitcoin that charges fees for transaction IOTA charges no cost and is built on a unique technology that uses “Tangle” which is essentially an open-source ledger protocol that relies on existing contracts to provide fast and reliable transactions.
Benefits Of IOTA
IOTA has many advantages as it is cheaper to use, since there are no fees for transactions many users can utilize many micro-transactions. Also since it is a non-profit organization built on the tangle technology, IOTA would be able to be pushed higher without fear of massive fees.
IOTA is also developed to conduct transactions quickly with its lightweight means of virtual machine mechanism.
This could put the currency as an ideal crypto-currency adopted for transaction online. IOTA is also listed on several websites as a reputable coin in high demand; it has partnerships with more than 25 different organizations.
Cardano (ADA): Mathematical Philosophy Rules It All
Cardano has been attracting lots of interest with many wanting to know more about the coin as it’s becoming popular. The crypto is currently listed as he 8th most valuable crypto in the world with a market cap of $3.4 billion and $25 billion ADA presently in circulation.
This is remarkable considering that Cardano is a third generation coin and has had to find special ways to deal with major crypto issues such as scalability, speed and portability. Cardano offers new technology which makes it one of the safest digital coin to own.
The company uses a unique system of networks called Ouroboros to prevent bandwidth and transaction problems. The whole idea of Cardano is solely dependent on research, philosophy and scientific findings.
Benefits of Cordano
The e-wallet Daedalus used by the coin is known as a harbour of safe transactions with a whole load of features incorporated in it.
Cardano is also used by several organizations as a means of digital payment and has recognized itself as one of the principal brands in the digital currency sphere. This makes Cardano a must have in your digi coin portfolio.
Stellar Lumen (XLM)
Stellar is one of the topmost cryptocurrency which allows for quick transfer of digital transactions. It has a good transaction reputation and is viewed as one of the secure Digi coin available in the market. Stellar is currently ranked 6th in the coin market regarding market cap with $ 4billion and has 18 billion XLM in circulation.
The blockchain company was formed in 2011 making it one of the oldest cryptos and is run by a non-profit organization using open source platform. At a price of $0.25 stellar is one of the most affordable coins on the top 10 list.
Aside that, Stellar got a Shariyah compliance certificate from Bahrain, giving it an edge in the Middle East.
Benefits of Stellar
Stellar has made huge strides in its popularity in the crypto market with several agreements and partnerships with financial organizations.
Stellar uses similar technology to Ripple which has ensured that the blockchain company has one of the fastest and effective transactions. This makes Stellar coin one of the best digicoin available in the market and one that should be in your portfolio.
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