What is the best Blockchain to Invest in?

Introduction

Blockchain technology is constantly improving, and with the fast integration of this technology into various sectors and industries, it is predicted that there will be continuous growth in the value of cryptocurrencies. Many new digital assets will emerge, and to stay on top, you must have a comprehensive perspective of what cryptocurrency you should invest in.

If you are looking for the best cryptocurrency to invest in, you must consider coins with a good potential for growth. You should choose an asset that can provide many long−term benefits, such as decreasing transaction fees or making exchanges faster than traditional methods. In addition, it would help to consider specific goals like risk tolerance level or investment horizon.

One of the main reasons why we need blockchain technology is that it provides access to all individuals without supervision. Unlike traditional systems, where you have to go through many procedures, this open−source technology allows you to create new financial opportunities and transform your lives forever.

With growing investor interest and new investments, blockchain has proven to be a lucrative market. There is a multitude of blockchains on the market that have been wildly successful financially. Blockchain companies raised more than $400 million in successful initial coin offerings (ICOs) through Q1 of 2018, with Telegram's record-breaking $1.7 billion ICO being just one example.

So which cryptocurrency is best for investing and making money?

Bitcoin (BTC) boasts an ever−growing network reaching over 17 million users globally and has a market capitalization of over $70 billion. Bitcoin has the most considerable adoption rate and is backed by the most extensive community. There are many new and upcoming cryptocurrencies, but they will never come close to matching up to the popularity of Bitcoin.

Bitcoin is easily accessible to everyone. It is like any other currency used for transactions, purchases, charitable giving, and investment. It can be divided into smaller parts and merged with other currencies, making investing in Bitcoin efficient. The price of this cryptocurrency hasn't changed much since 2013, but lately, it has been experiencing incredible spikes in value.

Some of the most exciting blockchains to invest in

Ripple (XRP)

Ripple was founded in 2012 with a total market cap of $27 billion. XRP is ranked as the third cryptocurrency by market cap, and it's a payment protocol that allows banks to transfer funds securely and instantly. It is free from the standard fees associated with global transactions.

It is designed specifically for banks and financial institutions, making transfers faster, cheaper, and more transparent than other payment methods. The main aim was to provide an efficient solution for global financial interaction by enabling real−time global settlement of payments, currency conversions, and remittances−all on a single network.

NEM (XEM)

NEM is an innovative asset platform launched by the Tokyo−based company NTT DATA Corporation in March 2015. A peer−to−peer network enables users to create and manage smart contracts, from simple financial transactions to complex supply contracts. It aims to be the fastest, most scalable blockchain platform, giving it the edge over lesspowerful blockchains such as Ethereum and Bitcoin for investment prospects. In addition, the decentralized peer−to−peer network of this coin promises more excellent privacy protection and scalability than other known offshoot projects.

Einsteinium (EMC2)

Einsteinium is a proof−of−work blockchain platform that aims to be the leading enterprise level, mass market value transfer and record−keeping solution. It is a hybrid enterprise software−centric cryptographic currency that leverages the speed and security of both Proof−of−Stake and Proof−of−Work consensus.

EMC2 was created as a cryptocurrency. But instead of using proof of work, it utilizes multiparty signature verification through PoS. This new blockchain allows for instant payments, reduced transaction fees, more secure transactions, record storage at no cost, and, most importantly, 100% anonymous transactions.

Polymath (POLY)

Polymath is all about launching security tokens. It's an ecosystem that uses blockchain technology to simplify the legal aspects of launching a new ticket. It focuses on providing companies with the tools to launch their own security tokens anonymously, lawful, and securely. The Polymath platform supports these registered securities for trading worldwide on a Polymath−powered blockchain.

0x (ZRX)

This coin is an open, permissionless protocol that facilitates low friction peer-to-peer exchange of Ethereum-based assets. Developers can use 0x to build their custom exchange apps with a wide range of user experiences and functionality. ZRX allows for the creation of decentralized exchanges and apps on the Ethereum blockchain without requiring users to maintain custody of private keys. It also creates smart contracts that can automate many exchange functions and trigger events if specific pre-determined conditions are met.

Basic Attention Token (BAT)

Basic Attention Token was founded by Jeremy Kauffman and Brian Bondy, who created it to ensure that user data is protected and aggregated anonymously. The BAT platform has been developed to create a decentralized internet where users can take control of the information they generate.

Those who choose to advertise can improve their own advertising experiences using the blockchain. The idea is that this platform will reward users for viewing ads, and users should be able to choose what ads they view.

Conclusion

Each blockchain has another purpose and, when combined, provides a genuinely remarkable blockchain experience for investors. The blockchain industry is young and blockchain technology is constantly evolving. Right now, there are a lot of different blockchains to invest in, but only time will tell which ones will be most successful. You can never know what's on the horizon, so you may want to invest in a few different options while they're still cheap, and don't forget to stay up−to−date with the market.