Comparison of the best cryptocurrencies in 2020 and beyond

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Cryptocurrencies are driving markets crazy and trading more and more. However, this remains a very vague concept for the vast majority of consumers. This parallel economy nevertheless seems to be a safe bet, and is particularly promising. Obviously, there are many digital currencies that have already emerged, some with more success than others.

Here I offer an overview and comparison of the most popular and serious cryptocurrencies. Let’s explain everything you need to know about virtual currency and its potential future. I also explain how to buy cryptocurrencies very easily.

My top 10 best cryptocurrencies

Bitcoin (BTC)

This is the very first virtual currency to work on the principle of BlockChain and Peer-to-peer. It has been available on the market since early January 2009, and it is undoubtedly the most widely used cryptocurrency in the world. It is also 10 times more capitalized than the second virtual currency, with a capitalization of $ 10 billion. Click here to read our full Bitcoin file.

Ethereum (ETH)

Ethereum buy It’s the second most capitalized cryptocurrency in the world. Its blockchain has the particularity of being able to integrate smart contracts into its blocks, allowing the design of fully automated complete tasks. The currency of Ethereum is Ether, and it was launched in July 2015 by a very young developer. It is undoubtedly a currency of the future with a complete system allowing a lot of things. Click here to read our full Ethereum file.

LiteCoin (LTC)

Litecoin AchatThis is the fourth most capitalized digital currency. This Cryptocurrency was launched in October 2011 by Charles Lee. It's a Bitcoin clone, but with a few tweaks that allow for much faster transactions. The protocol is different, which suggests to some experts that it is the perfect cryptocurrency. It remains to be seen now whether it will experience the same explosion as Bitcoin, only the future will tell us. Discover our complete file on LiteCoin by clicking here.

Ripple (XRP)

ripple opinion This is primarily a protocol that was launched in 2012 and is currently being tested to provide faster and much more secure international money transfers, almost free of charge. Ripple aims to replace Swift which is expensive and takes several days to complete a transaction. Ripple is also a cryptocurrency, which seems to have a good stability, and which is currently the 3rd most capitalized cryptocurrency in the world. Click here to discover our complete file on Ripple.

Dash (DASH)

Dash opinion This is a little-known cryptocurrency, or by the very first aficionados of digital currency. It was called DarkCoin, and was the first anonymous cryptocurrency. Today, Dash is an upgraded version with a capitalization of over $ 1 billion. Its course clearly climbed in 2017, following Bitcoin from a distance but still making some people happy. To learn more about the Dash, I suggest you click here to read our detailed file.

Monero (XMR)

Monero avisIt is a digital currency based mainly on anonymity, using a CryptoNote protocol which makes transactions absolutely uncontrollable. It is a BlockChain entirely designed from A to Z that does not follow the Bitcoin model like most other cryptocurrencies. As a result, the network is resistant to blockchain analysis, it has an egalitarian PoW and there is no possibility of double spending. Monero is considered by many observers to be a cryptocurrency with a lot of future.

Ethereum Classic (ETC)

Ethereum classic Ethereum Classic was born out of a multi-million dollar theft from Ethereum. After a vote, there was a decision to make a hard fork, which is a modification of the original blockchain. Those who were against the "hard fork" decided to continue the adventure with the original blockchain, and therefore Ethereum split into two families which now have nothing to do with one other. Ethereum Classic is not really considered a digital currency of the future, but it promises that there will be no changes to the blockchain.

MaidSafeCoin (MAID)

MaidSafeCoin is an ambitious project with the creation of a new decentralized and completely autonomous internet network. This cryptocurrency is considered to be one of the safest, with anonymous transactions if desired, and an inability for humans to control or regulate anything. The project is supported by a reputable team and therefore many investors believe that this project and this currency have a future. Our complete file on MaidSafeCoin is available by clicking here.

NEM (XEM)

Nem avis It is a cryptocurrency operating with a blockchain protocol similar to most virtual currencies, except that the network of nodes used to confirm transactions also allows the exchange of encrypted messages or the reservation of names. Internet domain. The number of units is fixed from the start, and we are not talking about mining but harvesting. It is a cryptocurrency with a large capitalization, which suggests significant growth in the price in the years to come. See our full NEM file by clicking here.

Augur (REP)

Augur avis Augur works quite differently, since it uses the concept of blockchain to organize predictions on the real world. Thus, any user to create predictions or bet on different events. We can for example bet on the weather, elections, or of course sports competitions. Augur works on the Ethereum blockchain, so we put in Ether, and we earn Augur REPs which we can then trade or use to bet or make predictions. With the prediction and betting market still on the rise, Augur may well experience a meteoric rise. Our complete file can be read here.

What is a cryptocurrency?

Cryptocurrency, or digital currency or digital currency, and a 100% virtual alternative to our usual currency. Unlike the euro or the dollar, it is not physically palpable, and there are no notes or coins. It is an encrypted currency that the user can use on the internet using their decryption code which is usually a password, but which may also be a fingerprint.

Some cryptocurrencies allow you to make purchases, transfers, financial transactions of all kinds and very often value storage. We can exchange our cryptocurrencies for goods or services, and especially "real" money (euros, dollars, etc.)

The strength of cryptocurrencies is that they operate in a decentralized manner, and then they escape any regulation or control of governments or banking institutions. The argument of digital currency aficionados is always the same: Banks and states want to control everything to tax better, and virtual currencies are a way out of this inequitable system.

How it works ?

All the information which concerns the transactions of a cryptocurrency, is kept in the network, within the blockchain. It is a virtual book where information is progressively written per page, which is generally called "block". This network actually serves as a central bank, but it is not centralized.

The blockchain lists all transactions in a large ledger called the "white book", which can be opened and viewed by all users of virtual currency. Depending on the currency, we can have total transparency, as with Bitcoin, or on the contrary, total opacity as with Monero.

The system is perfectly secure thanks to cryptographic technologies which are tamper-proof and tamper-proof. The only way to modify the blockchain is by having the approval of all users, which is obviously impossible.

The blockchain is not managed by humans, but by "open source" software that is distributed all over the planet. We talk about nodes to talk about the computers that manage information. The more nodes, the more secure the system. It is obviously possible for a hacker to attack a node, but it will be impossible to target the entire network. As a result, securing data and money is optimal.

Cryptocurrency mining

To enter transactions in the blockchain, it takes a certain computing power, which increases with the evolution of the currency, in order to make the cryptocurrency more and more rare. We are talking about mining. Concretely, this consists in offering computing power to a computer to design the famous blocks.

When a block is finished, it is analyzed by the entire network which validates it. This process is only done by computers that spend more or less time solving complex calculations. These calcuThey are becoming more and more difficult as the popularity of the currency increases. The more renowned the cryptocurrency, the more miners it attracts, but more and more efficient equipment is needed to mine effectively.

Individuals can mine currencies that are still little known, or turn to mining platforms to lend some of their computing power and partner with other miners. Of course, like any job worth paying, miners are paid with the currencies they mine.

For some cryptocurrencies, we talk about harvesting, especially when there is a limited number of units, and finally, some cryptocurrencies created themselves via networks that do not allow mining.

Bitcoin, the precursor

In 2009, Satoshi Nakamoto are nobody really knowing the identity, developed Bitcoin, which is the first cryptocurrency to operate on the blockchain system. The system is great, with a peer-to-peer computer network that goes without problems in the banking system and the financial markets. The security of transactions with tamper-proof data immediately seduces, and Bitcoin becomes an interesting and very rare currency.

Bitcoin is gradually becoming essential. We particularly appreciate being able to make purchases, transfers, or any other transaction, without having to give your real identity or address.

Of course, for some, this lack of traceability and of a legal framework is a boon, in particular for the criminal networks which see here an ideal opportunity to launder money. Despite this, more and more online merchants are now accepting Bitcoin, in particular because this currency makes it possible to make or receive payments without any cost, which is obviously ideal for all online sales sites. Usually businesses have to pay a small percentage for each banking transaction. Here, without the banks, everything becomes free and it's just as simple.

2017 is the year of Bitcoin! This acceptance by shops but also by governments (which have no other choice), explodes the price of Bitcoin. In January 2017 it was already worth $ 1,000, and at the beginning of December of the same year, its price approached $ 20,000 per unit.

How far will Bitcoin go? Nobody really knows. Some experts imagine that it will exceed one million dollars in 2020, while others believe that the currency is not really usable and that it is a bubble that will burst soon.

How to buy cryptocurrencies?

Now there are many platforms to buy the most famous cryptocurrencies. So just connect to an exchange platform like CoinBase or Kraken for example, fill in the registration file, follow the steps to validate the account, sometimes sending a photocopy of a document identity, and all you have to do is credit your euro account to trade with cryptocurrencies.

If it is very simple for Ethereum or Bitcoin, it is sometimes a little more difficult for Monero, Dash or more exotic virtual currencies. In this case, you have to turn to platforms that have many currencies like Poloniex or HitBTC that only allow the exchange of digital currency. It will therefore be necessary to arrive with Bitcoins or Litecoins obtained on another platform, and then exchange them for the cryptocurrency of your choice.

It's actually quite simple, and each site guides you step by step to allow you to open your account and trade easily.

Technological but also financial development After Bitcoin many other cryptocurrencies have emerged. And today there are over 1,000 different digital currencies, some inspired or even cloned Bitcoin, and others operating with their own protocol.

You will have to bet on the right horse, but blockchain and cryptography really allow the creation of digital assets that have real value and that cannot be duplicated. Some cryptocurrencies have additional services, with data encryption for complete anonymity, or the ability to mine blocks much faster and thus make transactions almost instantaneously.

Today, a real madness is taking over the internet world and there is an absolutely incredible craze for cryptocurrencies. There are more than 6,000 marketplaces for trading virtual currency, and the overall capitalization of all cryptocurrencies exceeds $ 165 billion. So it’s a huge market that could potentially evolve considerably from year to year.

Conclusion

Will digital currencies eventually replace currencies?

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Author: admin

System Administrator, Software engineer and blogger, jazz musician and very nice guy.