Top 5 Cryptocurrencies to invest in 2021
Cryptocurrency is a form of electronic currency that uses cryptography to regulate its creation and transfer.
The last few years have seen the emergence of cryptocurrencies, much to the surprise of many. These are alternative currencies that work exactly like virtual currency, but differ in how they are created and managed. The decentralization factor gives them complete autonomy from government interference or central banking systems, which makes them revolutionary for occupations like online trading or international remittances.
Cryptocurrencies have the potential to 2x,3x, or even 5x your portfolio in the near future, that if you have picked the right one. Here we will discuss the top 5 cryptocurrencies that you can invest in 2021.
PLEASE INVEST AFTER CONSULTING WITH YOUR FINANCIAL ADVISOR.
Litecoin (LTC) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Litecoin was created by former Google engineer Charles Lee in October 2011. Since then, it has grown to be one of the most popular Scrypt coins and profitable digital currencies to mine and use with its unique features and benefits.
Dogecoin is a virtual, or "crypto-currency" that was introduced as a joke on December 8, 2013, by Billy Markus from Portland, Oregon. It quickly spread due to its comically popular nature and rapidly increasing value. The design of the coin features many Shiba Inu dogs and has become one of the most used cryptocurrencies in recent years, especially with younger individuals who presumably find Dogecoin's aesthetics appealing.
Dogecoin is largely based on Litecoin and uses Scrypt as its hashing algorithm.
Etherium is a token that can be sent between two people without any kind of central bank or institution. It can be stored in a digital wallet, which has also been put on the Ethereum blockchain. This means if the wallet provider goes offline, your money is still available to you through other sources.
The Ethereum platform was built to create decentralized applications, programs that are immune to censorship, fraud, and downtime.
4. Cardano ADA
Cardano is the first decentralized public blockchain and cryptocurrency to be built in Haskell.
Cardano is a fully open-source, decentralized public blockchain and cryptocurrency project. Cardano allows for complex programmable transfers of value including full programmability, strong privacy guarantees, fast settlement finality, low transaction fees with economic efficiency.
Cardano offers a layered architecture where each layer can perform tasks that are better suited for it with the goal of making things more efficient.
Bitcoin is a cryptocurrency that has quickly become the most widely recognized virtual currency in the world. Bitcoin can be used to purchase goods online, and for peer-to-peer transactions without the need for a middleman.
Bitcoin was invented by an unknown person or group of people under the alias Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
Bitcoin offers several important features that set it apart from national currencies:
The bitcoin system is decentralized, meaning no one institution controls bitcoin issuance or transaction verification.
Transactions are anonymous, meaning they cannot be linked to a specific user
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September 07, 2021
BDA at AnsrOne