The second largest cryptocurrency and the largest Altcoin in the world that is used as a platform for users to build decentralised applications (DAPPS). The current market capitalisation of the Ethereum protocol stands in excess of $160 billion USD.
Many other cryptocurrencies have been built off the back of the Ethereum network. Examples like Basic Attention Token, Augur and IOST have been implemented through the Ethereum network.
An independent digital asset that is the most efficient settlement option for banks and other financial institutions. Ultra fast and smooth platform allows for transactions to be settled within seconds (approximately 4 seconds). This is also a great advantage when sending cross border payments.
Destination tags are also required when sending payments making XRP a unique and ultra slick digital asset class. Many financial analysts including top investment bankers have predicted XRP Ripple to move to the number one position in the year of 2021.
Founded and directed by Mr Charles Hoskinson. Having been one of the co-founders of Ethereum, Cardano offers a full cryptocurrency ecosystem separated through different computational layers that includes a treasury system.
Although currently ranked in the top 5, it aims, and is working tirelessly, to become the number one digital currency in the crypto space. Coded in the Haskell programming language it allows the running of smart contracts amongst other various hi tech implementations.
Dash also known as ”Digital Cash” is a fork (extension) of Bitcoin. It’s main unique feature is that it gives the user total privacy and is completely decentralised.
There is no intervention from any third parties when receiving and sending payments. Many large companies have expressed interest in DASH and is one of the favourites amongst existing crypto users.
The Tron protocol represents the architecture of an operating system based on blockchain for users to be able to create smart contracts and DAPPS.
Founded by the young entrepreneur, Mr Justin Sun, Tron (TRX) offers high scalability and can process more than 2,000.00 transactions per second. Recently Tron acquired BitTorrent for $140 million USD and social networking site, Steemit for $100 million USD. Tron has massive potential and has soared in value in the previous bull run.
Launched in 2016 by Zooko Wilcox-O’Hearn and based on the Zerocoin protocol, Z-Cash (ZEC) is a decentralised and open-source privacy-focused cryptocurrency that enables selective transparency of transactions. Z-cash transactions can either be transparent or shielded through a zero-knowledge proof called ZK-Snark’s.
This allows the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. Instead of publishing spend authority and transaction values, the transaction metadata is encrypted and ZK-Snark’s are used to prove that nobody is being dishonest. Also has an impressive all time high record of £4,571.38 GBP.
Users can transact and communicate securely through Sphere by Horizen. Horizens native cryptocurrency, Zen, uses advanced cryptography for optional privacy. It is also designed to make transparent and scalable blockchain applications.
One of its advisers is the famous Charles Hoskinson who is leading the Cardano project forward. Horizen has a great outlook solving many issues and has successfully increased its position within the worldwide rankings.
Considered to be one of the arms of Bitcoin with newly added and upgraded features. This stands as a highly sought after altcoin with huge potential.
Due to the high market capitalisation of Bitcoin, Anderson Capital Management pick this to be a very valuable coin in the future alongside the second arm known as ”Bitcoin Diamond”. Past performance and all time highs reflect very positive future results for Bitcoin Gold in 2020.