🤷 Opinions Evgeny Konstantinov

From You Commodity to U°Community: How Crypto Community Leads the Charge

Opinions
Joining a community, you may become a commodity. U°Community is a way to decommoditize yourself
From You Commodity to U°Community: How Crypto Community Leads the Charge

If you look up a definition of the word "community", there are so many, and none of them reflects what a community is today.

The two broad definitions that the Oxford English Dictionary gives are (in this very order):

  1. A group of people living in the same place or having a particular characteristic in common.
  2. The condition of sharing or having certain attitudes and interests in common

​​​​​​​image

Passive communities

Both definitions, while playing catch-up to the latest developments in the world, are invariably passive.

Let me expand on this. When the world was much less mobile, a community used to be something that people were born into, something that was defined by a geographical location and the day-to-day physical proximity of individuals to each other.

Also, people may have a particular characteristic in common, although it does not immediately make people a community. If they share certain attitudes and interests, they might constitute a community, but as with the previous definitions, this community is essentially passive.

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Community going active

But today in 2018, the notion of community is vastly different from what it used to be and the fundamental change is that it’s transcending from passive to active.

The world is increasingly digital and joining a community is as easy as going online.

There's a multitude of communities today globally, and the process of picking a community to join and joining it has become the one of self-discovery.

You are no longer born into a community or become a part of a community for having a particular characteristic. Instead, you actively discover various groups (or start your own), exchange your thoughts and ideas, and imbibe the information shared in the group.

When you do this, you understand whether you agree with certain things and attitudes or not, and you discover yourself this way, the process shapes your identity. You join and leave and join communities, and each iteration makes you a tighter person. And because the world is very very digital, you do this mostly online, on your device connected to the Internet.

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Self-discovery

A community essentially is an active process of self-discovery.

It's innate for people to work in groups, so the explosion of communities is no surprise in the connected world. It's natural.

But something else along this process has crept in. While your digital identity traverses the Internet and joins communities, it becomes the commodity. You become the digital commodity that someone else takes profit on.

The content that you generate is sold for profit. The user data that you share is sold for profit. The moment you go online to communicate with other people, work with them, share your ideas and interests, is the moment you are profited on. You are the commodity.

And while your self-discovery through communities is a natural process, the commoditization of you is not.

Communities in the past had to live, and many still do, on platforms that are not transparent in how they operate and the commoditization is obfuscated. The platforms are not transparent because they are centralized.

Decentralization and the Blockchain technology change that. Blockchain transparency is what will shoot communities to the next level. The essence of the immutable ledger is that your every action is always yours. The Blockchain is for you, the individual. This forms trust. And trust is the ultimate catalyst for any community.

There are projects like U°Community that build a transparent community platform with dynamic reputation. Use the platform to create content, interact with people, run your communities, run your business, and even build dApps without having to leave the ecosystem.

Oh, and while you do that, get the Brave Browser too. If someone is profiting on you while you browse the web, you might as well get paid for it.

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SingUlarity Evgeny Konstantinov

Blockchain As a Lingua Franca: A Thing to Consider

SingUlarity
Dictionaries refuse to include crypto definitions of words
Blockchain As a Lingua Franca: A Thing to Consider

As with any new technology entering the public space and gaining traction, there’s a certain degree of word coinage and change in meaning which is above average. This indicates an interest in the field.

Communities forming around nascent technology create a common language in order to reduce communication obstacles enabling effective interaction in the process.

The human language is extraordinarily economical—we often tend to use as few words as possible to communicate our message—but at the same time it’s both flexible and adaptive. When a new concept is introduced, it goes through a word coinage or meaning change process, and there’s always a degree of fuzziness to it.

Crypto outside the Blockchain

When talking crypto, the word “blockchain” is a prime example of ambiguity. Not everything you see in the crypto space is actually “blockchain”, e.g. there are directed acyclic graph (DAG) based projects, which have little to do with the Blockchain, as there are proprietary code products that you can get involved in by purchasing their coins but still not know what’s inside the actual technology.

And while Merriam-Webster gives the same disemanticized definition of the word “blockchain” that’s currently dominating the space, the word “trustless” has not yet entered the domain of most dictionaries. This is a curious fact as “trustless” in its current linguistic norm—that is, outside of the crypto space—means an almost polar opposite to the way it’s used when talking about the Blockchain.

Learn More

What is trustless

The more broad, public definition for “trustless” is “not deserving trust.”

In contrast, the Blockchain-related definition of “trustless” is “not requiring trust.”

The concept of trust is a vast topic to cover, and there’s an equally vast amount of literature on it. It’s also the concept that’s been of greater than usual interest in the past few years, which indicates a major shift in how we operate as a society.

But first, a few words about lingua franca, which today is the English language.

English is the language of the all-encompassing Internet. It’s the language we speak when communicating across cultures. It’s global. It’s international. It’s the common denominator for the prevailing number of communities that are connected and operating in the digital space. It’s what makes the communication possible. And it belongs to us, the people.

The language is decentralized in this sense, no single authority can really control it: attempts have been made in the past, to no avail. A good example of this is Merriam-Webster’s inability (or unwillingness) to catch up with the Blockchain’s definition of the word “trustless”. Incidentally, the word itself is doing just fine without the centralized dictionary.

The world is connected, and the number of Internet users is only growing. In 2018, we hit the 4 billion mark of total users with nearly 250 million new users coming online for the first time in 2017.

And while lingua franca is very much alive and (un)happily decentralized in the digital space, the other key thing indispensable for our communication is not. The backbone of digital communication and home to many international communities are centralized platforms. Platforms with proprietary code, algorithm obfuscation, and pretty much zero transparency.

Does that make sense, to possess the natural means of communication, the lingua franca that brings us together, only to make it containerized on platforms with unclear, or at least not immediately evident, objectives?

When you go online and interact with the multitude of communities and equally invested individuals, should you be doing so on the, to use Jaron Lanier’s term, “behavior modifying” platforms that only see you as numbers in the crunch, as figures that translate into money? Isn’t that counter-productive to what this digital space is all about?

We are yet to see the true shape and effectiveness of this as it pertains to the decentralized nature of lingua franca. The technology should not be turning us into prey, this much is clear.

The technology accommodating language should be decentralized.

Join U°Community today and be one of the first to use this platform as the backbone of your decentralized online communication.

SingUlarity
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🕵️‍ ICO Watch Eric Eissler

Kyber Network

👁 ICO Watch
Crypto exchanges 2.0 are decentralized
Kyber Network

Kyber Network is a decentralized exchange (DEX) that launched this year and has Vitalik Buterin as an advisor on its board. The goal of this company is not only to be a decentralized exchange, but also, in a letter put out by CEO Loi Luu, to be able to, “for the first time ever on a decentralized platform, Kyber Network will facilitate ICOs for both businesses and end-users. This means that companies can streamline their fundraising processes by offering their token sales on Kyber Network’s platform, which already has a database of existing, verified users. Cumbersome KYC checks and audits will thus be eliminated. End-users will benefit from having access to all ICOs on the platform without having to repeatedly register for KYC.”

Finance

From Sept. 15 through 16, Kyber Network raised $45 mln. It has a current, at time of writing, token price of $1.20 down from initial entry of $1.85 on Sept. 24, 2017, a fall of 35 percent since its market debut. CoinMartketCap ranks Kyber Network at 77.

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Decentralization is crypto exchange 2.0

Just as cryptocurrencies have been making payments and smart contracts decentralized, so will go the exchanges. While they are in the beginning phases of deployment, with more and more attaches on traditional centralized exchanges, DEX will entice more and more developers to work for them, and for security reasons more customers will leave the traditional exchanges behind and opt for an exchange that can’t go down or have funds stolen as we have seen so much over the past few years.

Kyber Network’s protocol has been built based on three core design philosophies:

  1. It is platform-agnostic, allowing any application or protocol to be powered by our liquidity network, without limiting innovation and ecosystem diversity.

  2. The protocol makes real-world commerce and decentralized financial products feasible by enabling instant inter-token transactions with a wide range of token options and no settlement risk, which are critical factors for many use cases.

  3. Kyber is built for ease of integration with different applications, as it runs fully on-chain and all operations are transparent. A key design focus is to be developer-friendly and highly compatible with other systems.

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Potential pain points

Attracting customers to shift and come to a DEX might be hard at first. Remember that not all crypto investors are so tech savvy.

  • Inability to obtain user adoption because of difficult UX, inability to exchange fiat currency. If you don’t already have crypto, how do you buy it for cash?

  • Other decentralized exchanges outcompete Kyber Network and achieve mainstream adoption and/or more decentralization faster. Everyone wants to work for the biggest and best in the tech world;  developers and users will consolidate around the most successful ones.

  • Pushback from regulators. Regulators may argue that DEX facilitates Anti-money laundering/know-your-customer (AML/KYC) violations and don’t want cryptocurrency trading to be decentralized. The black market and Bitcoin went hand and hand in all the negative press over the past few years. Regulators will be searching for a way to slow or stop decentralized exchanges from growing.

The team

Loi Luu, CEO and co-founder, holds a PhD in computer science from Singapore National University, where his research focused on several problems of cryptocurrencies from improving the security to enhancing the scalability and usability of public cryptocurrencies. Before launching Kyber Network, he had been a technical advisor to several other Blockchain-based companies in Singapore.

Yaron Velner, CTO and co-founder, hold a PhD in computer science from Tel Aviv University, and he has previously a majority of his career at EZChip as a software engineer, before doing two post-doctoral fellowships in networking properties and then taking the lead as Kyber Network’s CTO.   

Victor Tran, senior backend engineer and co-founder, has experience in developing large-scale infrastructures for multiple social marketing platforms and advertising networks. Victor has been involved in Blockchain and cryptocurrency development since early 2016.

What is a decentralized exchange?

A DEX is an exchange that does not rely on a third-party service to hold the customer's funds, such as Coinbase. Instead, trades occur directly between users in a p2p network through an automated process. This system is created by making proxy tokens, which are crypto assets that represent a certain fiat or cryptocurrency. Another way to do this is to use assets, which can represent shares in a company for example, or through a decentralized multi-signature escrow system, among other solutions that are currently in development.

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Payza Founders Indicted for AML/KYC Violations, “Knowingly” Laundering Money

US prosecutors allege the founders of Payza have transmitted $250 mln in funds without the necessary money transmitter licenses, connected with other illegal acts.
Payza Founders Indicted for AML/KYC Violations, “Knowingly” Laundering Money

The cofounders of Payza, brothers Firoz and Ferhan Patel, have been indicted on multiple charges related to their operation of Payza, according to the US Department of Immigration and Customs Enforcement (ICE). The brothers are being charged with:

“One count of conspiracy to operate an unlicensed money transmitting business and to violate anti-money laundering program requirements, one count of a money laundering conspiracy and one count of operating an unlicensed money transmitting business in the District of Columbia.”

If convicted, each man faces up to 25 years in prison.

Payza

The government is alleging that Payza has operated without the necessary state licenses and “knowingly transmitting funds that were derived from illegal activity.” Prosecutors claim to have connected Payza to “Ponzi schemes, pyramid schemes and a child pornography site.” It is unclear whether the Patels knew that they were facilitating such activities, although prosecutors are alleging that they “knowingly” facilitated them. However, based on the charge of violating AML requirements, it seems most likely that the Patels simply did not do the required due diligence and may not have actually known that some funds were being transmitted for illegal use.

US Attorney Liu says:

“The arrest and indictments in this case demonstrate that we will vigorously enforce laws meant to protect the American consumer. Money transmitting businesses are required to be registered federally and licensed in most states and jurisdictions, including the District of Columbia.  Consumers should beware of those that do not follow these laws because they could be acting as a cover for other illegal activity.”

Crazy regulations

Cryptocurrency regulation in the US is a horribly tangled affair. Both the Commodities Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) claim that digital currencies fall within their regulatory purview. The Internal Revenue Service (IRS) insists that cryptocurrencies are property and are subject to capital gains taxes, and the Financial Crimes Enforcement Network (FinCEN) treats digital currencies like money, subjecting them to AML and KYC laws.

So which is it? Is cryptocurrency a security, per the SEC? A commodity, per the CFTC? Property, per the IRS? Money, per FinCEN?

At present, nobody knows, and that’s led to a great deal of frustration among cryptocurrency users and businesses. Although, to be fair, the Patels were apparently warned that they were breaking the law and continued operations:

“Despite receiving cease and desist letters from various states, and being told by a consultant that operating a money transmission business without the necessary licenses was a crime, Firoz and Ferhan Patel continued their illegal activity, the indictment alleges.”

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What is Coinloop.io: Crypto Market News Sources Review

📚 Wikicoin
Coinloop.io serves as a personalized platform for getting the most relevant information about popular cryptocurrencies
What is Coinloop.io: Crypto Market News Sources Review

Coinloop.io is a versatile news aggregator that was created to supply readers with ample information about cryptocurrency, the Blockchain, and the most popular coins. The website renders a handful of various tools for users and would be interesting for investors, traders and advisors, both amateurs, and professionals.

What is Coinloop.io?

This is a news aggregator that displays the freshest posts, reviews, press releases and other publications. The project presents information from a bunch of different sources, including:

  • CCN

  • Ethereum World News

  • Cointelegraph

  • Cryptocomes.com

  • Bitcoinist

  • ZyCrypto

  • Coinbase

  • Coindesk

  • and other sources.

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Aside from showing news from various popular websites, Coinloop.io shows crypto-related posts from Reddit and Twitter. It also serves as a personalized platform for getting the most relevant information about popular cryptocurrencies and related events.

What Coinloop.io news feed looks like
What Coinloop.io news feed looks like

Functions and features

In comparison with other similar news aggregators, Coinloop.io has well-elaborated functionality and offers uses the whole range of useful features which can be tailored to their demands. Let’s observe the most outstanding options:

  1. Latest news. Of course, as a news portal, Coinloop not only displays the freshest posts from authoritative sources but also provides a filter to sort out the most interesting articles (you can select the sources you want to see). Besides, it displays posts from Reddit and Twitter.

  2. Signals. An invaluable option for traders that was available for some registered users. It helped to predict the growth or falling of currency for users to make informed decisions. Unfortunately, this function has recently been disallowed.

  3. Coins. In this section, you can see the basic information about popular cryptocurrencies: their current price, market cap, how it changed, the circulating supply, etc.

  4. Bitcoin Futures. This is a peculiar feature that allows users to get information about Futures Contracts.

  5. Charts. An advanced option for finance-savvy users: observe and personalize the charts for various coins to perform a deep and detailed analysis. Simpler charts are also present on the Dashboard section, and you can select the coins and the period of analysis.

  6. Calendar. This is a unique feature that makes Coinloop stand out. You can check which crypto- and Blockchain-related events are taking place in the near future and add them to your personal calendar. Coinloop shows which conferences, meetings, airdrops, announcements, and other events will be organized around the world.

Coinloop.io events calendar
Coinloop.io events calendar

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Interface and ease of use

What makes Coinloop more attractive than other similar websites is a little bit more complicated and advanced design, but the pages aren’t cluttered, and navigation is a piece of cake. The website offers an abundance of personalization tools. There’s a point to register because only authorized users have access to advanced features and customization instruments.

Coinloop.io dashboard: all info in one place
Coinloop.io dashboard: all info in one place

You can get all necessary information collected in one place by using Dashboard and personalizing this space. Thus, you can see a graphic of coin development, create the list of your preferable coins, have the latest news displayed (you can choose the sources). Please, note that you’re free to select a currency in which the cost of cryptocurrencies will be shown. Using a personalized dashboard is a highly convenient approach that eliminates the need to browse numerous websites and online markets.

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Bottom line

The abundance of features definitely makes Coinloop.io one of the most useful news aggregators out here, especially the Calendar and Signals options. But since the website is aimed at customization of user experience, it lacks one thing– portfolio. Besides, a search panel wouldn’t hurt to make navigation even easier. Generally, this is one of the worthiest projects of its kind.

Wikicoin
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Stavros Georgiadis

Tron Price Prediction for December: One-Month Performance of -42.39%, Can This Change?

Tron price had a step decline during the past month, with losses of 42%
Tron Price Prediction for December: One-Month Performance of -42.39%, Can This Change?

Tron price had a step decline during the past month, with losses of 42%. As of Dec. 9, 2018, Tron was falling 7.63% for the past twenty-four hours to a current price of $ 0.013. It has number ten on top one hundred cryptocurrencies by market capitalization on coinmarketcap.com with a market capitalization of $866.184.465.

In this article we will make a Tron price prediction. It is not an investment recommendation and any Tron predictions for December are highly uncertain and contains a lot of investing risk. The key points of analyzed will focus on a prediction end year, and a Tron price today​​ for the remaining 2018.Is this one-month decline of 42% reversible or it will continue?

Tron price prediction article
Tron crypto image

 

Tron price prediction December

A TRX price prediction made by coinswitch.co is in line with current downtrend. The Tron price prediction is for a price with a range of $0.05-$0.07 by the end of December 2018. With a current price of $0.1283 this is a severe decline of about 45%-61%. Could this happen? Based on recent volatility and the decline for the top ten cryptocurrencies by market capitalization this scenario is possible. The main question is what can make a more accurate Tron coin price prediction?

All Tron predictions are based on probabilities. A TRX coin price prediction is highly uncertain. An interesting Tron price prediction 2018 is made by WalletInvestor.com. They mention “TRON price equal to 0.0130 USD at 2018-12-07, but your current investment may be devalued in the future.”

They provide only TRX predictions for the future and are very pessimistic with a one-year target of $0.000001. This practically means that the Tron will lose 100% of this market value and market capitalization within one year, in 2019.

Tron price prediction end year

A Tron forecast by tradingbeasts.com is again not optimistic.

“The Tron price is forecasted to reach $0.03 by the beginning of January 2019. The expected maximum price is $0.04, minimum price $0.02. The TRON price prediction for the end of the month is $0.03.”

There are two price predictions that are very negative for its price by the end of 2018. A look at positive and negative factors for Tron coin’s growth and prospects is important to analyze what could really drive the price in 2019, a Tron prediction based on arguments.

Some of the pros for Tron’s growth are:

  • Partnerships
  • Tron founder public profile
  • Exodus mainnet launch and potential

Some of the factors that are negative for Tron coin prediction and beyond are:

  • No working product
  • Questionable marketing
  • Plagiarism accusations
  • Lack of adoption
  • TRX distribution

Another important factor which may weigh on TR price prediction is the increased competition expected by major names such as Facebook, Twitter, Instagram.

Tron price prediction 2019

A TRX coin prediction for 2019 starts with what is really Tron. The following Tron forecast range is indicative about how the price could move in 2019:

  • Tradingbeasts.com estimates that TRX currency value will be about $0.07 in December 2019. This price will have increased as in January 2019 the average TRX prediction is for a price of $0.03.
  • Smartereum.com reports that “Analysts have predicted that the value of the digital currency will increase to $3.75 by the end of this year. They also predicted that the price of Tron might hit the $12 mark by the end of 2019. Based on the analysis of the present value of the digital currency, they have also predicted that by 2020, the value of Tron could get to $52.91.”
  • Coinswitch.com makes the following TRX price predictions, $0.148 and $0.315 for 1-year and 3-year respectively. This 1-year forecast makes their forecast interesting as it suggests a price appreciation of about 100% in 2019 compared to their TRX prediction price in December 2018, and an upside potential of 1000% with Tron current chart.
  • Globalcoinreport.com mentions that “value will rise to $3.50 before 2018 closes. The predictions further say that the price of TRX might go above $10 by next year.” Any Tron value prediction is not an investment advice or investment recommendation as mentioned also on their site.

The following infographic explains the various stages of Tron’s roadmap. It is important to mention that online searches for key terms such as Tronix wallet, Tron will result in a plethora of information.

The prediction about Tron future price and the question is 5ron a good investment on 2018 or 2019, should take into consideration the regulatory issues worldwide. With limited business applications and prospects the question why is Tron going up, or why Tron is going down is simply more logical. Fundamental reasons, other than technical reasons are the key drivers for TRX price.

Tron coin and its various business stages
Tron coin infographic

TRX price forecast

What is the future of Tron coin and a coin prediction 2018?

The following hourly chart as of Dec. 9, 2018 shows that a short-term bottom was formed at $0.01221 and price moved higher to $0.01341. But is this enough to call it a real bottom? The answer is no. A longer term chart will be used, and this will be the daily chart.

Tron hourly chart
Is Tron going up after a selloff?

 

Tron price prediction end of 2018

Tron daily chart
Tron price prediction for December 2018

 

Our technical analysis for Tron coin on daily chart shows that:

  • A strong downtrend is the dominant trend. The ADX/DMI indicator confirms this. The ADX line is at 33.84, the DI- line with red color has a reading of 31.64 and DI+ line with blue color a reading of 17.09.
  • MACD indicator has made a bullish crossover but is still negative. A potential double bottom at $0.011 may soon form.
  • Momentum indicator is rising indicating that the recent downtrend may pause for a while.
  • The daily Bollinger bands are now at 0.011 and 0.0173 for the lower and upper band respectively. This means that there is a 95% probability that the price will remain within that range, with no breakout either up or down occurring any time soon. The increased volatility may continue for the remaining of December 2018.
  • There is only a recent support level at $0.011. If this is tested again and does not hold price could move lower.
  • There are former support, now resistance levels at $0.0174, $0.016, $0.02068.
  • The daily 20-period and 50-period exponential moving averages are at $0.0151 and $0.0181. Both are declining, showing a strong downtrend.
  • An attempt for a significant bounce failed recently at the $0.01722 price level.
  • Fibonacci retracement analysis shows that taking the recent swing high of $0.02492 and the recent swing low price of 0.0109 the retracement levels of 0.5 and 0.618 are $0.01791 and $0.01956 respectively. These levels are expected to act as strong future resistance levels.
  • The current trend is a strong downtrend and if we must make a TRX price prediction for the remaining of 2018 it is in favor of lower prices. What is a potential range for our price prediction? A level of $0.010-$0.08 for the end of 2018.

Conclusion

No one can make accurate forecasts related to investments. So, this opinion is not an investment advice, rather a simple opinion. The 2018 has been a very volatile year for the major cryptocurrencies, and almost all of them saw steep declines. It is hard to explain that this trend will change in the remaining December 2018. Strong trends need catalysts and important news to change. For now, there are no such catalysts.

Perhaps, 2019 will be a better year for the cryptocurrencies, but to our opinion any substantial appreciation for the cryptocurrency market will be short-lived if the regulation framework does not change and more business proven applications are available. For now the continuous decline in the cryptocurrency market in 2018 does not leave much room to be optimistic in 2019.

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5 Best Altcoin to Invest in 2018

📚 Wikicoin
Most altcoins are scam. You should be very prudent when to decide to invest in altcoins
5 Best Altcoin to Invest in 2018

Bitcoin is the first and most valuable digital currency. It was run in 2009, but the main principles and architecture have not changed since that time. This is certainly wrong to think that Bitcoin has not been developing at all. There is a quite strong team of programmers work on Bitcoin. In addition, the project is open-source, so programmers all across the globe can suggest some interesting decisions.

Why not Bitcoin?

“Why choose the upcoming cryptocurrency over Bitcoin?” – you may ask. Although the world has witnessed the mind-blowing rise of Bitcoin price at the end of 2017, its value keeps fluctuating every day– we cannot predict how much it will be in a year, or even a month. Besides, why limit yourself to one digital asset when there are so many promising up and coming cryptocurrencies?

“Bitcoin is just one example of something that uses a Blockchain. Cryptocurrencies are just one example of decentralized technologies. And now that the Internet is big enough and diverse enough, I think we will see different flavors of decentralized technologies and Blockchains. I think decentralized networks will be the next huge wave in technology. The blockchain allows our smart devices to speak to each other better and faster.” - Melanie Swan, technology futurist and best-selling author.

Bitcoin

Bitcoin is usually referred to as digital gold and it will hold this status for a while. At the same time, a lot of altcoins (alternative cryptocurrencies) evolved after Bitcoin’s success. One should be very careful while investing due to high scam-rate of new altcoins. However, if there is strong tech or financial background behind alts, then they are worth considering to trade. Here are the five best-known alts.

Bitcoin Cash

Bitcoin Cash is a hard fork of Bitcoin. It was created because of controversy in the Bitcoin team. Group of developers wanted to make transactions faster by increasing the block size. It actually means that users could spend twice less time waiting for transactions.

Bitcoin Cash

With increasing the block size, the difficulty of counting is growing up too. This is not a problem today, because we have ASIC-miners, so we can ensure a really big hashrate. The problem is that such tactics are a dead end. It does not change anything thoroughly, because it is not really to make the block bigger and bigger every time. In order to make transactions, faster Bitcoin needs more indeed improvements. Bitcoin Cash is faster than bitcoin but it is still not fast enough for day-to-day transactions. The problem of scalability is not solved.

So, why is Bitcoin Cash on top? The main reason is a big community of followers. Bitcoin Cash has $11 bln capitalization right now and many people use it not only as an invest coin. It is popular and this is highly important for every cryptocurrency to have a practical application.

In addition, Bitcoin Cash team is more open for risk. Somebody may say this is not an advantage, but, actually, only in this way a cryptocurrency has the chance to become more convenient and applicable finance tool.

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Monero

Monero is one of the so-called private coins. It means that no one can track your transactions inside of Blockchain. Monero was made with some special methods of encryption. It is almost impossible to steal coins or find out who is a sender.

Monero

Why do we need an encryption in transactions? Many people think that it is used only by terrorists and other criminals. This is not true, but, unfortunately, we cannot refuse that criminals still use private coins very active. At the same time, privacy is much more than just a black market. There are millions of people all across the globe who appreciate privacy because they care about personal data. This is not about policy, just fact. Hence, such coins as Monero are the most promising altcoins.

Many similar private coins are out there, but I decided to put Monero in this top because of two reasons. First– decentralization. This is a crucial thing for every cryptocurrency, but nowadays many developers forget about that. Monero is an independent coin. It will not be crushed if someone on the team decides to leave. Second– pure reputation. Monero has never taken part in some doubtful stuff. It is a kind of specimen for all cryptocurrencies.

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IOTA

IOTA is actually not a cryptocurrency. This is a Blockchain project made for one of the most perspective technologies right now– Internet of Things. The technology has a problem with the safety of data that is transmitted between gadgets. It is a private data, which may include passwords and personal information. Hence, this is highly important to keep and transmit it the safe way.

IOTA solve this problem with a technology named Tangle. It is sort of Blockchain, but more complicated and fast. Moreover, the crucial thing is that, unlike most of the other cryptocurrencies, all transactions in Tangle are free. That is why IOTA is one of the best promising cryptocurrencies in 2018.

IOTA

How is this possible? Actually, to make its own transaction, your device has to handle two others. It is not a problem for any computer, because handling does not take much power. That way the network can ensure really fast transactions.

NEM

NEM is the most multipurpose platform in this list. It was made in 2014 and it was originally a regular coin for day-to-day transactions. Later it became a huge platform, which can provide almost all the features that can be implemented with Blockchain, including:

  • Smart-contracts

  • Private transactions

  • Regular fast transactions

  • Decentralized application

NEM

The company is kind of centralized. It is run by a professional team and registered in Singapore. A part of crypto-community thinks that centralization is a disadvantage. I already said that the independence of crypto-project is good, but it also has some problems. If a community is big, it will be not easy to come to a consensus about methods of developing. So, even an obviously great decisions can take a lot of time before they will be implemented.

The NEM team can make improvements fast. Hence, the cryptocurrency is becoming more technically complete every day. That is why I think that NEM is one of the best altcoins to invest in 2018.

Ethereum

In 2018, nobody can call any altcoin more popular, useful and perspective than Ethereum. It is a distributed platform for smart-contracts that was made in 2013 by the then-19 year old Canadian programmer Vitalik Buterin.

Today the company aims to be a practically useful finance instrument while most of the other cryptocurrencies are just always trying to get more investors.

“Whereas most technologies tend to automate workers on the periphery doing menial tasks, Blockchains automate away the center. Instead of putting the taxi driver out of a job, Blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly.” - Vitalik Buterin.

Vitalik Buterin

There are many more altcoins worth taking a look at. Please, do your own research!

 

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