From Zero transaction fees to helping content creators. Can these cryptocurrencies perform well into 2019?
The question of the “best” cryptocurrency to invest in over the next 2 years is not a simple one, there are a lot of great cryptocurrencies in this market.
What we can look at are some of the cryptocurrencies which look very promising.
Promising Cryptocurrencies:
NANO (NANO) — Nano has zero transaction fees, 2 second transaction times and the whole network is built on a unique “Block Lattice” instead of a Blockchain or Tangle.
With Block Lattice, every user has their own blockchain which speeds up transactions by reducing the number of transactions a single blockchain has to make.
In fact with more users on the network, the faster transactions are processed and this solves one of cryptos biggest problems, SCALABILITY.
Basic Attention Token (BAT) — Basic Attention Token is a cryptocurrency founded by the creator of Javascript and co-founder of Mozilla Firefox, Brendan Eich.
BAT can be used by content creators, advertisers and viewers/users in a new ecosystem that will take place on the Brave Browser.
Brave is an already released web browser that automatically blocks adverts and BAT is intended to be used on this browser in many ways which include:
- Supporting your favourite content creators through donations or Patreon style subscription services.
- In-app purchases
- Receiving BAT after watching an advert
- BAT could be implemented by popular browsers like Chrome or Firefox to compensate advertisers and creators affected by AdBlock software and YouTube demonetisation.
BAT could help content creators to continue their online businesses whilst keeping advertisers and viewers happy, allowing viewers to be rewarded in BAT for watching an advert and advertisers continuing to promote their products.
Stellar Lumens (XLM) — Stellar Lumens has 2 second transactions and transaction fees cost a fraction of a cent, on top of that Stellar can be used as a blockchain based development platform like Ethereum.
Since Stellar’s blockchain is faster and cheaper to use than Ethereum, some companies have moved their projects from the Ethereum blockchain.
XLM is combines the ultra low fees and rapid transaction speeds of Ripple/XRP the dApp development technology of Ethereum.
This makes XLM a much more scalable option for blockchain development and money remittance since XLM is less likely to experience blockchain congestion.
Blockchain congestion caused the slow transaction speeds and increased transaction costs that Bitcoin and Ethereum faced once they saw a rapid increase of users. For XLM this will not be a problem.
Since XLM can be quickly and cheaply transferred, companies like IBM as well as some banks have been using XLM to transfer money.
Zcash (ZEC) — Zcash is a privacy focused cryptocurrency that uses zero knowledge proofs to keep personal and transnational data secret. This technology allows transactions to be verified without any information about the sender, receiver, and the amount transacted.
Zcash users still have the option to reveal transaction data using Zcash features such as ‘viewing keys’ and ‘payment disclosure.’ This way transactions using Zcash are still regulation compliant and ZEC can be used for commercial purposes.
ZEC has 4 transaction types:
- Private transactions — Transactions from one Z-address (private address) to another Z-address.
- De-shielding — Transactions from a Z-address (private address) to a T-address (public address). Senders information is kept private.
- Shielding — Transactions from a T-address (public address) to a Z-address. Senders info is public but receivers info is secret.
- Public — Transactions from one T-address (public address) to another T-address. All information is public.
ZEC is a versatile cryptocurrency, allowing privacy to be used based on an individual user, which put this cryptocurrency ahead of a lot of other privacy based coins. Definitely one to get into for 2019.
EOS (EOS) — EOS plans to position itself as a competitor to Ethereum, being able to enable the development, hosting and deployment of commercial scale decentralised applications (dApps).
The developers of EOS claim that it will solve scalability and usability problems with cryptocurrency.
EOS plans to achieve this through parallel processing, rules that require a consensus to be approved, 5% inflation and a decentralised operating system.
They have bold ambitions and were rumoured to be an “Ethereum Killer™” in it’s early days.
Now I’m not too sure about the Ethereum Killer™ thing but if they can deliver on their plans then I believe they will have a place in crypocurrency’s future.
You can use CEX to invest directly in ZEC and XLM with cash.
You can use Binance to buy Nano, BAT, XLM, ZEC and EOS using Bitcoin or Ethereum which you can get from CEX.
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