Essay On Bitcoins

956 Words4 Pages
It’s never too late to invest in cryptocurrencies. You can still make a lot of money only if you choose the right digital currencies to invest in. If you don’t make your decisions wisely, you might end up losing your money. With the increasing adoption of digital currencies, which cryptocurrency looks very promising in 2018 and beyond? Discussed in the article are the top 6 most promising cryptocurrencies to buy in 2018 and beyond. The future of digital currencies looks bright as it can be seen by the increasing popularity and acceptance. Most people only know of bitcoins, yet we have more than 5,000 digital currencies is use at the moment. Investing in cryptocurrencies is just like investing in any other asset. The increased demand for…show more content…
It is the second most popular cryptcourrency in the world. In 2017 it posted very impressive growth rates. Between 2016 and 2017, the price of ethereum rose by more than 8,000%. This trend is expected to continue rising in 2018 and beyond. Ethereum allows Distributed Applications and smart contracts to be managed with no chances of fraud, interference, downtime or control by a third party. Bitcoin blockchains record contracts that show how funds were moved from one wallet address to the other. Ethereum, on the other hand, expanded the concept by using scripting languages that are more complex. The smart contracts can be used for forming complex applications which can be used broadly. Ethereum has features that recently caught the attention of Toyota, Cisco, Samsung, Intel and Microsoft. 3. Bitcoin Cash (BCH) Based on market capping, this is the third largest digital currency in the world. This currency was launched in July 2017 so as to reduce the transaction time of bitcoins. There were so many bitcoin transactions that resulted in delays. In the 6 months following its launch, its price steadily rose and closed the year about 450% higher. Bitcoin Cash helped solve the scalability problem that existed with bitcoins. With a market capping of about $12,000,000, this is currency worth watching out for in 2018 and beyond. 4. Ripple (XRP) Even though some people say that Ripple is not a digital currency, some view it as a cryptocurrency. This is

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