Up and Coming Crypto Coins

Upcoming Crypto Coins

Bitcoin is the first decentralised digital currency, as the system works without a central bank or single administrator. Transactions take place between users directly, without an intermediary.

However, there are several other crypto coins emerging in the digital marketplace. So, which coins are becoming worthy of future consideration for investors? Here are some of the newer online currencies to explore in the up and coming crypto currency landscape:

Ethereum is an open-source computing platform and operating system featuring smart contract functionality. Ether is a crypto currency generated by the Ethereum platform. Ether can be used to compensate participant mining nodes for computations performed.

Tezos is decentralised and governs a true digital commonwealth to facilitate formal verification which boosts the security of smart contracts. The Tezos block-chain claims it will underpin secure, decentralised applications, and smart contracts, while avoiding some of the political and technological problems which earlier efforts such as Bitcoin and Ethereum have faced. However, the Swiss Tezos Foundation is currently being sued in the United States by Bitcoin investors. The Tezos Foundation is under investigation over allegations of mismanagement and false marketing.

Litecoin is a peer-to-peer crypto currency, and is based on an open source cryptographic protocol, which is not managed by any central authority. This crypto coin is nearly identical to Bitcoin.

 

Monero is an open-source crypto currency that focuses on privacy and decentralisation. It uses a public ledger to record transactions while new units are created through a process called mining. Monero aims to improve crypto currency by obscuring sender, recipient, and amounts on every transaction made, as well as providing equal opportunity in the mining process.

Pascal Coin is the first crypto coin designed to work without a historical operations requirement, and yet is still able to control double spending, or check balance. Unlike other crypto currencies, the block-chain can be deleted at any time, and will continue working perfectly. It uses a “SafeBox hash”, modified each time a new block is generated. Pascal Coin is being marketed as crypto currency for humans, not only for geeks! It is very similar to a bank, using easy to remember accounts instead of cryptographic addresses, and requires having a personal account to receive and send coins.

There are a multitude of options out there in the vast and changing world of online crypto currencies. So, how does one get started? Going to a local bank won’t help. A bank account logged into and ready as needed to register on crypto currency exchange web sites, such as https://www.kraken.com/, is a good option. There a multitude of web sites to get started and there are even more crypto currencies to invest in.

In the future, crypto currency will likely challenge the status quo of traditional banks as crypto coins increasing flood the digital marketplace.

For more information, visit Bob Pattni.

What Does The Future Hold For Litecoin?

What Does The Future Hold For Litecoin?

Image result for litecoin If Bitcoin is the gold standard currency in the field of cryptocurrencies, Litecoin can definitely aspire to be silver. This currency has many advantages, such as the fact that it is completely decentralised, and provides peer to peer transfers at practically zero cost. Created by Charles Lee and released in 2011, Litecoin was actually intended as an improvement on Bitcoin, however. Whether you believe it to be better than Bitcoin or more of a handy backup option to Bitcoin, there is no denying that Litecoin’s future looks very promising indeed.

Future projections for the value of Litecoin

Image result for litecoin Throughout 2017, Litecoin’s value rose by a whopping 8, 000%. If it continues this upward trend, it is likely that Litecoin will continue to be a strong competitor for Bitcoin, even though Bitcoin will remain the default option for cryptocurrency users and will continue to take up most space in news items about cryptocurrencies. Though Litecoin started to 2018 at a price of over £217 it then fell by February 2018 to just over £87. This slump was a common trend with cryptocurrencies, however, and it is important to bear in mind that at the start of 2017 one Litecoin was valued at just $4.33 which is around £3 so this currency has seen massive overall growth. Bitcoin, Ethereum and other key players in the cryptocurrency sector experienced a similar slump. In the near future, then, the fortunes of Litecoin are likely to be characterised by a series of troughs and peaks but by an overall increase in value.

Will traders continue to purchase Litecoin?

Image result for litecoin The short answer is: yes. Even traders who are extremely loyal to Bitcoin will often purchase Litecoin. Litecoin are very quick to mine (taking around 2.5 minutes each) which is one reason why they are popular, particularly on fast moving markets. However, one disadvantage is that it is more difficult to purchase Litecoin than it is to purchase Bitcoin (which can usually be purchased using a major denomination of centralised currency such as pounds sterling or US dollars). The easiest way to purchase Litecoin is by using Bitcoin, and this looks likely to remain to be the case for the foreseeable future. That means that Litecoin’s success is highly dependant on the success of Bitcoin, indeed we can describe the future of Litecoin as being somewhat parasitic on the future of Bitcoin.

In sum: the future of Litecoin

Litecoin continues being the ‘second sibling’ to Bitcoin. But, it is a very strong second sibling, growing in value (despite a few ups and downs) which will continue to attract traders and investors who are seduced by its quick time frames or who are simply seeking to diversify their portfolio and branch out from Bitcoin from time to time.

Bob Pattni