Top 8 Cryptocurrencies: Which Can Be The Currency Of The Future.

CryptoCurrencies

We all know that many people do transactions in cryptocurrencies and the government there also promotes cryptocurrencies, so in the future, it can be the future of many countries.

Special News: On 10 May 2021, there come fantastic news from Elon Musk (co-founder of Tesla, Space X, and Neuralink,) about cryptocurrency (dogecoin).

Elon Musk is about to launch a mission moon named Doge-1 in the first quarter of 2022 (1)

The special thing about this is that its funding will be paid only in Dogecoin Cryptocurrency. this will be the first cryptocurrency, and meme that will reach space.

Special Note (2): cryptocurrency depends on “demand and supply” which means – that Bitcoin or any other cryptocurrency will not always be at the top, its rate will always fluctuate.

So, now let’s talk of cryptocurrencies that could become the currency of the future. which you will not hesitate to invest in. Include:

Bitcoin

Bitcoin is a Cryptocurrency, that was first described in 1998 by Wei Dai on the cypherpunks mailing list, but the specifications and proof were published in 2008 by Satoshi Nakamoto.

Bitcoin has been trading as number one for a long time. the secret behind this is “demand and supply”.

Special Note (3): As it was said by Elon Musk last year in 2020 customers can now buy their Tesla cars in Bitcoin as well, which has led to a huge increase in bitcoin.

But in May 2021 Elon Musk retweeted, which saw a substantial drop in the bitcoin rate (4)

The tweet is – (Now Tesla will no longer accept payments in Bitcoin due to climate concerns).

Bitcoin is an automatic structure. you do not need to do any programming or coding for this.

Its algorithms run on autorun, and the system and thousands of computers are needed to run its algorithms.

Dogecoin

It comes in 4th place according to the coinmarketcap (a coin status website) but we are putting it in second place because now this cryptocurrency is being promoted by Elon Musk.

Special Note (4): By 2022 Elon Musk’s company Space X is going to launch a moon mission named Doge-1, for which funding will be paid only in Dogecoin,

Due to this, it may become the second most popular cryptocurrency after Bitcoin.

This open-source digital currency was created in 2013 by software engineers Billy Markus, and Jackson Palmer as a faster but “fun” alternative to Bitcoin.

Dogecoin also runs on blockchain technology, similar to Bitcoin and Ethereum, and Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favourite coin.

Ethereum

Ethereum is also known as Ether, The co-founder is Vitalik Buterin, and he was just 19 years old when he created Ethereum technology.

Ethereum was also the first cryptocurrency to introduce smart contracts that allow developers to create desktop and mobile decentralized applications (computer application that runs on a distributed computing system)

One of the major differences between the economics of Bitcoin and the auditorium is that it is not the latter deflation. that is, its total supply is not limited.

Litecoin

This cryptocurrency was founded by Charlie Lee, also known as “Chocobo” who is an early Bitcoin miner and a computer scientist (6)

After Bitcoin, Litecoin is the second most pure cryptocurrency, In 2021 January, Litecoin will be one of the most widely accepted Cryptocurrencies.

This success has been largely attributed to its simplicity and clear utility benefits that have benefited them from over 2,000 merchants and stores where Litecoin is accepted globally.

Litecoin is designed to provide fast, secure, and low-cost payments by leveraging the unique property of blockchain technology (5)

Binance Coin

Launched in July 2017, Binance Coin is one of the biggest cryptocurrency exchanges globally. and it is noted that Binance Coin is one of the world’s fastest-growing cryptocurrency exchanges.

It aims to bring cryptocurrency exchanges to the forefront of financial activity globally.

Changpeng Zhao is the founder and CEO of Binance.

In 2001, He spend 4 years with the Bloomberg company (as a head of Tradebook future development) and later joined the Fusion system as a partner.

One of the biggest competitive advantages Binance has is its drive for development.

According to Binance company, its mission is to become the infrastructure services provider for the entire blockchain ecosystem.

Ripple

First understand what is Ripple, XRP, and Ripple Net (4)

XRP is a currency that runs on a digital payment platform called Ripple Net, while Ripple Net is run by a company called Ripple.

If someone says XRP, Ripple Net, or Ripple, the same is the case. and Ripple Net Ledger is maintained by the global XRP community.

The Ripple Net is a Real-time gross settlement (RTGS) system, that aims to enable instant monetary transactions globally (6)

While XRP is the cryptocurrency native to the XRP ledger, You can use any currency to transact on the platform.

Bitcoin Cash

Bitcoin Cash is led by Craig Wright, Who claims to be the original Nakamoto,

This is a peer-to-peer electronic cash system that aims to become sound global money with fast payment, micro fees, high transaction capacity, and most vital customer privacy.

Bitcoin Cash requires no trusted third parties and no central bank means Bitcoin Cash does not depend on middlemen such as banks for payment processors.

Born: At the time of the bitcoin project in 2017, there was concern about the stability of bitcoin in its community which led to the separation of one community resulting in the invention of bitcoin cash.

Tether (USDT)

Tether is a stablecoin cryptocurrency that mirrors the price of the U.S. dollar, issued by a Hong Kong-based company Tether.

USDT is known as Tether – or as it was known at the time, the Real coin was launched in 2014 by Brock Pierce, Reeve Collins, and Craig Sellars.

The best feature of this is that during periods of high volatility, they can part their portfolios in Tether without having to completely cash out into USD.

The purpose of USDT is to combine the unrestricted (not limited) nature of Cryptocurrency to be sent between users without a third-party interface – with the stable value of the US dollar.

Down Line

Note: There is no single fixed price for the cryptocurrency. So if Bitcoin moves from the 1 number to the 3, or 4 number, do not be shocked because its value changes every 30 seconds which depends on Demand, and supply.

You can get an idea of the growth of cryptocurrency in this way, On 5 April 2021, the total market cap of CC surpassed USD 2 trillion for the first time.

After Bitcoin, Litecoin is the second most pure cryptocurrency, In 2021 January, Litecoin will be one of the most widely accepted Cryptocurrencies.

The dogecoin cryptocurrency will be used in the future by Elon Musk for their moon space mission.