My Top Coins for 2018
- Life Zoltar
- Dec 23, 2017
- 3 min read
Currency Coins
These are the simplest and first coins to come about. They’re basically programmable money. They’re goal and what they are looking to achieve is to become a medium of exchange for goods and services. Either that or they’re a store of value like gold or silver. Some are meant to move fast, and others are meant to hold so you can buy things with it later (aka Bitcoin).
Bitcoin
The granddaddy of them all and should be a staple in anyone's portfolio.
Bitcoin Cash
A fork of the original Bitcoin with slightly better tech for faster transactions.
Dash
Open source peer-to-peer cryptocurrency that offers instant and private transactions (seems to go up when Bitcoin goes down making it a good coin for your portfolio.
Litecoin
The Silver to Bitcoin's gold which is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.
Privacy Coins
Privacy coins are essential. They work a lot like a digital version of cash, anonymous and agnostic. These are all strong contenders to become the cash of the future in a cashless society.
Monero
A privacy-focused cryptocurrency that is 'not' based on Bitcoin's code. Monero aims to be an untraceable digital medium of exchange.
Zcash
The first open, permission less cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography.
Zcoin
Completely different than Zcash which utilizes a sophisticated and advanced protocol that manages to conceal sender and recipient data during transactions which addresses the security risk posed by Bitcoin.
Platform Coins
Platform coins are looking to do things that are the sole domain of servers and clouds right now. They want to power decentralized applications, run smart contracts as law and power everything from identities to storage to voting. The platforms have the longest way to go. They must solve incredibly challenging scaling problems, maintain security, create whole new programming languages and deliver a fantastic user experience.
NEO
Often referred to as “Chinese Ethereum” or “Ethereum’s killer“ by many. NEO is the first decentralized, open-source cryptocurrency and blockchain platform launched in China.
IOTA
An innovative new distributed ledger technology to function as the backbone of the Internet of Things.
EOS
Software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters.
Utility Coins
You’re supposed to use these coins to consume services like identity lookups or decentralized DNS lookups but there is no platform to use these coins yet, so they’re some of the riskiest because they have to survive long enough to service the dominant platforms. By the time that happens those services might already be incorporated into the platforms or get up and running for free. But in the short term they have huge growth potential.
Ripple
A real-time gross settlement system (RTGS), currency exchange and remittance network operated by Ripple. Its settlement infrastructure is used by banks but know that the founders of Ripple control over 99% of it.
Stellar Lumens
A platform that connects banks, payments systems, and people. Provides instant payments with customizable payment infrastructure.
There are a bunch more I could list but this isn’t about buying every coin on the top 100 of CoinMarketCap. It's about understanding who has a real shot at surviving into the future. Don't follow this blindly and do your own homework and make your own decisions.
All of crypto is risky but with high risk can come high reward. Making it in life is about taking risks. Good luck on your financial journey!
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