The 10 Best Cryptocurrencies

CRYPTOCURRENCIES

Crytocurrencies (CC)  / aka kriptocurrencies (kc)

Bitcoin (BTC)!  Etherium (ETH)! Litecoin (LTC)! Unless you've been living your life wearing  blinkers, or you've been hiding under a rock for the past year, I'm almost certain you've heard about them or perhaps any of the 1324 other Cryptocurrencies. So what's Crtyptocurrencies and what's all the hype about, you my ask. Well in a nutshell ..., Cryptocurrencies are the new money, and the hype is all about making money and lots of it. Many, many people have made small fortunes virtually overnight by investing in Bitcoin.

MAKING MONEY WITH BITCOIN

Let me give you an example. Bitcoin sold for less than half a $1.00 in 2010 and today a single Bitcoin is worth $14290.00 and fluctuating. By implication if you bought just $10 worth of Bitcoin in 2010 it would have metamorphosed into a six figure sum by 2017.  Impressive? Having said that, I need to add that there is no better time to invest in Bitcoin than right now, even though some billionaires are avoiding it, calling it a "bubble".  In my humble opinion they're avoiding cryto cash purely because they don't understand blockchain technology and the host of advantages it holds for future technologies.  

Bitcoin as a virtual currency, and is probably the only Crypto coin referred to most of the time by everyone when speaking about it, however, there are numerous other Cryptocurrencies available. Among them are, Bitcoin Cash (BCH), Ripple (XRP), Cardano (ADA), Veritaseum (VERI), Decred (DCR), Dash (DASH), Zcash (ZEC), etc, to name just a few. But remember, not all cryptocurrencies are born equal. Some are more popular than others, some will create more interest than others. Some will increase in value faster than others.

The reality of the matter is that a quarter of a million retailers globally will be accepting this new type of money shortly because it's doubling  its value virtually every week. Bitcoin has captivated the money markets and the demand for other digital coins are currently surging as financial institutions are raising millions of dollars in minutes. This is a rare opportunity to amass a small fortune from these emerging cryptocurrencies by investing sooner rather than later.

Blockchain Technology

Cryptocurrencies are based on Blockchain Technology and again in my humble opinion will become the  core of many future technologies. Governments will benefit from Blockchain Technology when it ties GIS systems to their land ownership and titling system. When I worked in Madagascar on a Geospacial project for land identification, I witnessed that their records / paper trail for land ownership was antiquated and inadequate.  We found at least two cases where title deeds were forged, in order to steal land from their rightful owners. A blockchain-based solution would easily have solved this problem by allowing the land chain to be traced from owner to owner upto and including its genesis. A heathcare blockchain-based solution would solve  numerous patient health record problems, if  all doctors contribute to the blockchain. A patient's entire medical records from birth to current date would be on-hand and in a single volume, accessible from anywhere in the world.

There are so many other uses for Blockchain Technology and should never be considered a bubble. Cryptocurrencies are potential replacement currencies and the popularity behind them, is the fact that they are completely decentralized, and cannot be manipulated by government and other authorities like Federal Reserve bank. Crytocurrencies are safe and allows you to buy commodities on the international markets without paying forex and other expensive banking fees in the process. Cryptocurrency payments, permits  private transactions with total anonymity, is completely irreversible  and nearly impossible to forge or counterfeit. Hence Cryptocurrencies have been growing in popularity at a blistering speed so much so that it is starting to "challenge gold" as the investment of choice.

Bitcoin Mining

There are two ways of getting onto Cryptocurrency band wagon, the first is to open an account at a brokerage that invests in Bitcoin, Etherium, Litecoin or other Crytocurrencies. This entails parting with a sizable amount of cash and trusting them to make your investment grow. The  second is to mine one or more Crytocurrencies  yourself, using a computer capable of a high hash rate , alternatively using an ASIC miner for mining Bitcoin or an ASIC miner manufactured for a specific Cryptocurrency. This entails investing your cash into some pretty expensive hardware, that's going to consume and enormous amount of electricity. ASICs are coin specific and are difficult to resell  whereas as a GPU based miner is essentially a regular gaming computer with plural graphics cards capable of mining different coin subject to the software installed.

ASIC Miner for mining Bitcoin.

CPU's have a low hash rate whereas GPU's have extremely high hash rates, so the more GPU's you install and the faster they process capability, the higher your hash rate and the faster they mine. Both ASICs and GPU's are power hungry and the trick is to balance out your initial hardware investment and your continuous electricity and internet connectivity bills against your Cryptocurrency mining earnings. The successive blog installment will cast some light on how to setup a mining rig for Bitcoin, Etherium and Litecoin, etc.

GPU Miner for mining Etherium, Litecoin Dash, Zcash etc.

CC is an abbreviation for Crytocurrencies and sometimes  KC is used for  Kriptocurrencies. Most cryptocurrencies have a three character abbreviation much like AUD - for Australian Dollar, GBP - for the Great Britain Pound, EUR - for Euro, JPY - for Japanese Yen, etc have. Like I mentioned above, there are in excess of 1324 crytocurrencies and other crytocurrencies are constantly emerging with just a few of them listed below.

BTC - Bitcoin 
LTC - Litecoin
ETN - Electroneum
XRP  - Ripple 
ETH  - Ethereum  
BCH - Bitcoin Cash
ADA - Cardano  
ZEC  - Zcash  
XMR - Monero  
EOS  - EOS 
NEO - NEO 
BTG - Bitcoin Gold
ETC  - Ethereum Classic
TRX  - TRON
XVG - Verge
IOTA - MIOTA

However the 10 crtypocurrencies to look out for during 2018 are:- 
LTC - Litecoin
XRP  - Ripple 
XMR - Monero
ETH  - Ethereum
ADA - Cardano
Iota  MIOTA 
BCH  - Bitcoin Cash
NEO - NEO
ADA - Cardano
TRON - TRX

DISCLAIMER:
NB!  The author holds and invests in crypto assets. However, the contents of this post should not be misconstrued as investment advice;  it's merely shedding much needed light on some lesser known cryptocurrencies that have the potential to grow between 10 and 100 times it's ICO.