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.
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