Crypto coins are a type of digital currency that can be used to buy and sell goods and services or they can be exchanged for other types of currencies. It can be used as payment in restaurants, spas, and different services like hotels and condo living experiences. They are intangible, unlike fiat money, which is regulated by a government. They are digital forms of money and represent a decentralized payment system that allows people to transfer funds without the intervention of a central bank. The exact way in which crypto coins work is not easy to comprehend and they have been the subject of many debates.
There are thousands of cryptocurrencies in the world today. You may have heard of Bitcoin - the first cryptocurrency ever made. But there are many other coins that have also gained traction, including Litecoin, Ethereum, Ripple, Bitcoin Cash, and more.
This article is to highlight some of the coins that are currently making waves in the crypto-world.
Top 5 Crypto Coins in the Market
This list answers the question "Which are the top cryptocurrencies?" These are ranked according to their market capitalization-- how much money is invested in that cryptocurrency.
A list of the most popular coins in the cryptocurrency market are:
Bitcoin is the most popular cryptocurrency because it is decentralized, meaning no one person or group controls it. In addition, money can be sent and received without a middleman, and transaction fees are much lower. It also has a built-in “mining” system to create more bitcoins and eliminate the need for banks or other financial institutions. With Bitcoin, you can be your own bank! You can send or receive any amount of money, anywhere in the world. May it be for your children’s allowance, to pay bills, or as a form of payment for your newly renovated condo design, for example.
Bitcoin payments are impossible to block or interrupt and they get confirmed in minutes; not hours or days like with banks! The only thing required to send bitcoins to another person is their public bitcoin address. Transactions are typically free, though miners will usually include transaction fees when they process them to ensure quick confirmations. This means that bitcoins are sent quickly with low transaction costs, which in turn attracts more people to use Bitcoins as an alternative method of payment for goods
Ethereum is one of the top cryptocurrencies in the world, just behind Bitcoin. It is a decentralized platform that runs smart contracts, which are applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. Ethereum has its own digital currency, ether, which can be traded with bitcoin and other cryptocurrencies too. Ether can also be used to pay for services on the Ethereum network. This cryptocurrency is created by Ethereum Foundation and has been trading on cryptocurrency exchanges since 2015. The Ethereum blockchain is driven by transactions and not mining like Bitcoin’s blockchain. The transactions are paid for with ether tokens, which are mined through solving mathematical problems by a network node called a “miner”.
Ripple is a settlement system, currency exchange, and remittance network created by Ripple Labs Inc. The network consists of nodes that are used for creating and verifying transactions. The goal was to offer a quicker way to send money globally than what was offered by other similar networks like Bitcoin or Ethereum. The network has been able to facilitate transactions quickly because it doesn't use any mining process for confirming transactions and distributing coins, therefore it doesn't need any kind of payment processing or e-commerce company that takes days to do so for any transaction between two parties. Ripple was released in 2012 with the goal of enabling secure financial transactions across borders without incurring large fees. In September 2016, the company behind it raised $55 million from a group of investors including Google Ventures.
Bitcoin Cash is a peer-to-peer, decentralized digital currency. It is open-source and accessible to anyone who uses it. Bitcoin Cash provides controllers with the option to use a variety of wallets, such as mobile wallets and hardware wallets. Bitcoin Cash was created in August 2017 in response to the block size limit crisis in Bitcoin. As opposed to including new technologies and concepts into the original Bitcoin blockchain, this new branch has been in development since May 2017 and is based on Satoshi Nakamoto’s bitcoin code from 2009.
The developers wanted to increase the transaction capacity by increasing the size of blocks on the blockchain without changing any other part of Bitcoin's protocol. They did this by adjusting some parts of the code so that transactions could include more data. This raised concerns for some people who were worried that this change would make it harder for miners to keep up with verifying transactions and keep them secure.
Bitcoin cash has a market cap of around $3 billion USD with a price per bitcoin cash at around $500 USD per BCH. BCH is not intended to replace BTC, but only to complement it.
Litecoin is based on an open-source global payment network that is not controlled by any central authority and uses "script" as a proof-of-work scheme. Litecoin provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers with consumer-grade hardware that are prevalent throughout the world instead of GPUs or ASICs, which are mostly found in large mining farms in developed countries like China or reports from Venezuela where electricity costs are subsidized.
Litecoin has a fixed supply of 84 million coins and was created by Charlie Lee, an MIT graduate, and former Google employee.
Investing in top cryptocurrencies is a smart way to earn more money aside from investing in real states or condo living. Investing should be done in accordance with what will be the most profitable and valuable cryptocurrency in the future. If crypto does not become the future of payment systems, then surely it is a store of value.
To be rich in the digital era, one must invest in cryptocurrencies. It is quite difficult to make money investing in cryptocurrency because it has an irregular price pattern and volatile nature. But if you are prepared for the ups and downs, investing in top crypto will make you rich more than any other form of investment.
If you are thinking of investing in a condominium, check out Vista Residences!
Vista Residences is the condominium arm of the country’s largest homebuilder, Vista Land & Lifescapes, Inc. that offers ready for occupancy and pre-selling condominium projects in Manila, Makati, Mandaluyong, Quezon City, Ortigas, Baguio, Cebu, and CDO that are strategically located within major cities, in close proximity to premium universities, transit oriented locations and developed business districts.
At Vista Residences, unit owners can take advantage of the property’s centrality. The properties of Vista Residences are strategically located near the country’s premium universities and CBDs, making them an attractive investment for both local and foreign investors.
Living in Vista Residences enables you to enjoy convenience, where everything is pretty much within walking distance or a few minutes away from the property; comfort because the project features and amenities are designed to deliver comfort at all times, which makes condo living a worthy investment; security that is 24/7 and CCTV monitoring, which makes the residents safe and secure within the property.
In line with Vista Residences’ thrust to offer convenience among its residents, it also features an AllDay Convenience Store and Coffee Project in all its projects.
For more information on Vista Residences, email [email protected], follow @VistaResidencesOfficial on Facebook, Twitter, Instagram, and YouTube, or call the Marketing Office at 0999 886 4262 / 0917 582 5167.