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.

Cryptocurrency, will it fail or is it here to stay?

Will Cryptocurrency last, or will the recent backlash by mainstream media and a few big names have a long-lasting effect and be the beginning of the end for the new wave that is Cryptocurrency?

Cryptocurrency and its rise can be said to be a new type of revolution. And as we know from history, revolutions last. They change things, and nothing’s the same afterwards. That’s cryptocurrency.

It’s only feared by those who don’t understand its flexibility, its use and its purpose. And I suppose that’s why as a currency it’s mostly been embraced by savvy entrepreneur and tech types: open minded, able to see possibilities, not afraid of change. Imagine being able to buy or sell a house or car without any middle-man. Imagine making a crypto transfer for business goods to any country in the world, and the transfer of funds is free, or close to free; you can mutually agree what cryptocurrency to deal in, and almost as soon as you press the button, you’ve done the deal.

Let’s put it another way – you’re buying your shopping using a cryptocurrency that you know is going up in value as you shop, and that your shopping is actually helping it to gain value. When you get back home and check your cryptowallet, you find that your cryptocurrency value is worth more than it was before you spent some of it on your shopping: so you’ll basically be eating for free that week!

All of this, and far more is happening right now. It is mainly happening to clever people. To people with a level of focus that allows them to learn some new things that are not really that difficult to learn. It is happening to those who would rather do something than watch reality TV.

It is happening, currently, to just a fraction of the population, but word is spreading, and the revolution is gaining force.

Some key facts you may not have known:

  1. There are already hundreds of millions of people stocking and using cryptocurrencies;
  2. The distributed nature of blockchain technology  makes government control next to impossible – you can shut down one exchange or platform in your jurisdiction, and another two will spring up in its place in areas where you have no jurisdiction, and those holding or wanting to buy or exchange cryptocurrency will just go elsewhere, even if they have to do it through proxy servers to remain anonymous.
  3. The anonymity of blockchain transactions means that your private keys are yours alone, and unless you give them up, nobody, from a central bank to a government agency can touch your coins.
  4. People like having and using cryptocurrencies! They like looking in their wallets and seeing the value of their investments rising. They like that their profits cannot be monitored. When you buy coins from all over the world, certified by anonymous blockchain miners who could be anywhere, nobody can track your transactions.

So Cryptocurrency is more than just a flash in the pan. It’s not just the latest dotcom bubble that’s going to burst. It’s here to stay because the very people who use it most are the type of people who make things to last. We’re inventing ourselves a new civilisation here, and it’s not about to stop any time soon.