After the success of Bitcoin and the rise in the price of the first-ever cryptocurrency, many new coins were developed in cryptoworld. In simple words, any coin other than bitcoin is termed as “Altcoins”. These coins are created by tweaking the Bitcoin's or any other existing cryptocurrencies protocol. In the growing world of cryptocurrency, there are more than 3000 cryptocurrencies which came into existence and so it is a tough job to choose the right Altcoin to invest in it. Here are the 5 most promising Altcoins that can help you to narrow your search.
Disclaimer: This guide should not be considered as financial advice. It is highly recommended to do appropriate market research before any investments.
LitecoinAfter the successful launch of Bitcoin, Litecoin was the next one to enter the Cryptoworld in 2011. Charlie Lee - a computer scientist created Litecoin by making some technical changes in the bitcoin’s source-code and made it the fastest peer-to-peer currency that enabled instant, near-zero cost payments to anyone across the world. Also, litecoin has a total supply of 84 million with an average block mining time of 2.5 minutes.
Reasons why to choose Litecoin as a Long-Term Investment
EthereumEthereum is the second-largest digital currency introduces Vitalik Buterin in late 2015. It has been a popular choice in many industries as its cool feature named Smart Contracts helps developers to build decentralized applications (dApps) on top of its (i.e. Ethereum's) blockchain which helps to avoid fraud, downtime, and control or interference from a third party. Ethereum can also be used for banking and financial service contracts, ICOS, prediction markets, replacing escrow, identity management. The Enterprise Ethereum Alliance founded in 2017 has over 200 organizations that are testing on various versions of Ethereum's blockchain in different industries. Ethereum has a circulating supply of 106,376,346 ETH, the market capitalization of $26,307, 580,992 and faster transaction of 6 minutes as compared to Bitcoin.
Reasons why to choose Ethereum as a Long-Term Investment
RippleRipple is the hot choice in banking and financial institutions as it can be used as an intermediary for quick transaction-processing and settlement service; allowing to transact directly and instantly across national borders. XRP currently has a fast transaction processing time of about 4 seconds and a cheap transaction fee about $0.004 per transaction (which is less than half a cent). It has a circulating supply of 42,181,995,112 and a market capitalization of around 17 billion USD.
Reasons why to choose Ripple as a Long-Term Investment
StellarStellar offers the fastest and the cheapest online payment and cross-border payment services as compared to the other large companies. Also, it does not use proof of work verification which is time and energy consuming which allows processing a transaction in approx 5 seconds. It has a market capitalization of $2,378,213,121 and a circulating supply of 19.331,689,641.
Reasons why to choose Stellar as a Long-Term Investment
Binance CoinBinance coin is the official coin of the Binance platform that offers a stage for trading cryptocurrencies. Binance is soon launching its own decentralized exchange, Binance DEX that would be available on all platforms, such as Windows, Linux, Mac OS, iOS and Android. BNB has a market capitalization of 4 billion USD and a circulating supply of 141,175,490.
Reasons why to choose Binance Coin a Long-Term Investment
The Alberta-based miner said funds from the offering will be used to upgrade its range of mining hardware including Application-Specific Integrated Circuit (ASIC) miners. The upgrade will add up ... For the review period, Ebang, which makes application-specific integrated circuit (ASIC) chips used in bitcoin mining, reported total operating expenses of $7.71 million compared to $9.60 million ... These days, any profitable bitcoin mining is done via computer systems tailored exclusively for the task, professionally called application-specific integrated circuit (ASIC) miners. ASIC (Application Specific Integrated Circuit) miner is a computing equipment that’s specifically designed for a singular activity –in this case, the mining of certain cryptocurrencies. They do this by speedily and efficiently solving mathematically complex problems, after which they are rewarded by a specific amount of the designated cryptocurrency. The ecosystem has spread as Graphics processing unit (GPU), and Application-specific integrated circuit (ASIC) chip manufacturers are making lots of money from the mining industry. AMD, Nvidia ... Bitmain, the leading Application Specific Integrated Circuit [ASIC] manufacturer has started a 50-megawatt mining plant in Rockdale, Texas. The mining An Application-Specific Integrated Circuit (ASIC) is an integrated circuit customized for a particular use, rather than intended for general purpose.Application-specific standard products (ASSPs) are intermediate between ASICs and industry standard integrated circuits.. Most ASIC miners fall under the category of ASSPs. Posts about Application-specific integrated circuit written by lonesomegoat. Cryptocurrency Canada How to Buy, Sell, Trade, and Mine Alternate Currencies in Canada Main menu. Skip to content. Home; About; Search. GO. Tag Archives: Application-specific integrated circuit. December 5, 2013. Should You Start Mining Bitcoins, Litecoins, or an Alternate Currency? Investing into a cryptocurrency is ... Ethereum (ETH) core developer Hudson Jameson announced that a third-party audit of the Application Specific Integrated Circuit (ASIC)-resistant proof-of-work algorithm ProgPoW has been funded. The dev made the announcement during the latest bi-weekly Ethereum core developer meeting held on April 26. During the call, it was specified that the targeted funding amount of 50,000 units ... Nowadays, if you want to mine Bitcoin, you will need to invest at least around $1,000 into buying the latest mining machine called ASIC (Application-Specific Integrated Circuit). Note, however, that even in this case, you cannot expect significant profits unless you join a mining pool.
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After that, the system became dominated by multi-graphics card systems, then field-programmable gate arrays (FPGAs) and finally application-specific integrated circuits (ASICs), in the attempt to ... 1. you need power computer , powerful gpu and powerful Asic (Application Specific Integrated Circuit ) 2. bitcoin Mining software (such as easyminer) 3. you need to join bitcoin mining pool (such ... Today's modern and best bitcoin mining hardware Application-specific integrated circuit (ASIC) miners have taken over completely. These ASIC machines mine at unprecedented speeds while consuming ... Our ASICS, application-specific Integrated Circuits is the most popular method for free bitcoin mining. ASICS chips are the same as CPU computers but different is that the sole purpose of it is ... L3+ Setup Guide and Profit Comparison The BM1485 ASIC chip Finally an ASIC chip to mine Scrypt coins The BM1485 chip, the first Litecoin Application Specific Integrated Circuit (ASIC) chip in more ... ASIC means application-specific integrated circuit- so these devices are engineered to mine Bitcoin and only mine Bitcoin. This creates an extremely powerful, and efficient machine, over 100x ...