Top 5 Bitcoin Alternatives With Maximum Return In Future
The world of cryptocurrency is booming really fast. As a matter of fact, over the course of 5 years, Bitcoin outperforms any other investment like gold, the stock market or real estate. Nevertheless, there are other cryptocurrencies you must know aside from Bitcoin and here are they:
Ethereum is a platform that lets a person make a smart contract that runs on a decentralized network. It was also worth mentioning that the degree of adoption that Ethereum gets at the moment is really remarkable. Since Ethereum is a platform where a developer can set up Dapps, a lot of innovation is being prepared at the moment. Each of those innovations boosts the adoption rate of Ethereum and it also makes a network effect.
If one cryptocurrency can make it big, it is non-other than Ethereum. In fact, it already grew 1000% over the past few months. This currency has a possibility of going another 1000% easily more in the coming months and years.
Factom is another fanciful cryptocurrency that is to be known as “Notary Chain”. It is a nice alternative to Bitcoin since it lets companies make an indisputable database. It stocks information in its own blockchain. Afterwards, it creates a hash of that data and stores it into the Bitcoin blockchain. Factom is also working on adding that hash into Ethereum and another big blockchain to enhance security.
This cryptocurrency got a gigantic contract with 20 smart cities in China and is also working hand-in-hand with other countries to make an indisputable database. This will let the government streamline and protect their data. It is also worth mentioning that the market for Factom is huge and they definitely are outliers.
MaidSafe has been around for 10 years now and it has launched its Alpha MVP. It is a decentralized database because instead of storing data on a computer, one can encrypt and upload it to the decentralize server. In that way, no one person can access one’s data without any permission. MaidSafe is 100% secure and it doesn’t use any space.
The creators of Qtum decided to concentrate on business customers. They combined some of the best features of Bitcoin and Ethereum blockchains. In addition, they have made Qtum a tool that lets businesses to effortlessly design and builds smart contracts for systematizing supply chain management and business-to-business trades.
Moreover, Qtum has capitalized heavily in guaranteeing mobile compatibility and easiness of usage. This could allow extensive adoption among many businesses, most especially those in emerging economies who are engrossed in decentralized operations.
Possibly, the chief value provided by the Ethereum network is that it can preserve an ecosystem of decentralized apps or DAPPS. If Ethereum is a new internet, then DAPPS are the specific websites. Surprisingly, even if Ethereum uses its own currency (Ether), each DAPP can also have its own exclusive currency in the form of a token.
The tokens will be called Initial Coin Offering, or ICO. The companies had risen over $2.3 billion through ICOs this year, and since not all are reliable or believable, many have evaluated the ICO craze as a bubble. That’s not completely false but believe it or not, ICOs are a new technique for companies and start-ups to increase their capital.
These are the other cryptocurrencies that you must know apart from Bitcoin. Do you know other currencies available? Please share it with us in our comment section below.