Cryptocurrencies have come a long way in the past half decade, and they look set to become even more mainstream. As people are increasingly looking to go as digital as possible, much more commerce is going to move online. That’s why people will be looking for ways of simplifying the process of online purchases, something cryptocurrencies provides.
You most likely have limited knowledge of cryptocurrency, and perhaps you’ve only heard of Bitcoin. Well, we’re going to look a little closer at this digital currency that’s shaping our future, and check out some of the most popular cryptocurrencies of 2017.
The number one cryptocurrency in the world right now is Bitcoin. It has grown exponentially since it first arrived on the scene in 2008. Bitcoin has a bright future ahead of it, and now is the perfect time to invest. Mysterious creator Satoshi Nakamoto has seen the price of his creation soar in the last couple of years, now being worth close to $1,000USD for 1 Bitcoin. People can mine this secure cryptocurrency by ensuring they have the right hardware to do so.
You might not have heard of BlackCoin because it’s a fairly new creation, only being introduced in 2014. The cryptocurrency was created in order to help ensure a pure verification system through a proof-of-stake process. BlackCoin is one of the best cryptocurrencies in the world and represents the future of online currency. It is a more efficient and secure system of cryptocurrency. Keep your eyes peeled because BlackCoin will be shaking things up in the near future.
Completing our trifecta of crypto ‘coin’ is the peer-to-peer currency Litecoin. This is similar to Bitcoin in a lot of ways, but it is less popular and notably less expensive. With five years under their belt, Litecoin is one of the most popular modern cryptocurrencies. It is perfect for anyone who wants to introduce themselves to the world of cryptocurrency but doesn’t have the money to invest in Bitcoin.
Ripple is one of the newest cryptocurrencies around and does things entirely differently. Instead of exchanging it directly for goods and services, Ripple is used to convert currency into another currency with no need for a central exchange. Ripple looks like it’s going to grow and expand in the next few years, so you might want to find out more about it, and get involved as soon as you can.