ETHEREUM (ETH)

Origin: Conceived in July 2015

Founder: Vitalik Buterin ( Russian)

The spectacular increase in value that Ethereum has suffered causes a special interest in cryptocurrencies. In this year 2017, ETH has gone from being worth a few euros to reaching levels of around 300 euros per unit. Even the most cautious investor is considering investing.Here we can observe its great growth But Ethereum is not just a currency to speculate like the shares of the stock market, at least we want to think some developers who are excited about what is to come.

The cryptocurrencies were not created to speculate with them, even this eagerness to make money at their expense harms its main task: to create a distributed system, where we do not need a centralized entity (see banks) to carry out operations. That responsibility falls on a distributed blockchain of thousands of nodes around the world that give us the same security or more. For now, speculation is used to finance part of the Open Source project that supports Ethereum and the ecosystem behind it.

The possibility of creating intelligent contracts linked to these transactions shows the tremendous potential of a platform that will not only revolutionize finances but also the internet.

When we refer to Ethereum we can be talking about the protocol or network of nodes that supports the system. And the best known part for non-programmers is the Ether currency, the cryptocurrency of Ethereum.

The first thing Ethereum does is to decentralize the control of transaction verification. Briefly describing how he does it, we can say that the responsibility falls on a blockchain that acts as an immense distributed database secure and maintained by a large number of nodes connected throughout the world (the miners).

The data is stored in blocks, which are linked to each other identified by a hash generated next to a timestamp. All that information is immutable, that is, nobody can modify it. And even more is replicated throughout all the nodes that form the network. On the other hand, there are those projects that are currently being worked on to integrate the functions that the block-based system of the Ethereum allows to perform, these are projects a little more advanced than what would be considered normal for an electronic currency and, for Therefore, it is very important for the support of the user’s daily life.

• The time required for a block to be confirmed and validated by a miner and added to the block chain is 16 secon
• In Ethereum has not established a limit of coins for the mining as they happen with another type of cryptocurrencies
• Open source system like Bitcoin, which allows you to create improvements.

• Due to an attack suffered by ethereum and the loss of several ETH, the cryptocurrency ended up being divided into Ethereum (ETH) and Ethereum Classic (ETC).
• do not have an immutable blockchain

Bitcoin cash (BCH)

Origin: is a hard fork of the cryptocurrency bitcoin. The fork occurred on August 1, 2017. On July 20, 2017

• It is an improved version of Bitcoin that fixes your most serious problems. His journey has begun in parallel to the original version of the cryptocurrency, and now it is a matter of checking which of the two has more pull.
• Bitcoin Cash has a good future forecast, and this digital currency has gained in popularity as the years go by.
• One of the great advantages of Bitcoin Cash is that it can be exchanged for traditional currencies at any time, in addition, you can make transactions conveniently from your mobile or computer.

• The disadvantage of Bitcoin Cash is that it is difficult to move it. If you buy Bitcoin Cash in Bitso, for example, you can not send it directly to a Bitcoin Cash wallet. First you would have to convert to Classic Bitcoin or Ethereum and then move.
• Your wallets or wallets are not well known
• Still do not have a reliable change example of bitcoin cash to paypal money

RIPPLE ( xrp)

Origin: Conceived in the year 2013

Director: Brad Garlinghouse is the CEO of Ripple and a member of the Board of Directors

The cryptocurrencies are all developed on a common element, the blockchain (block chains in Spanish) Under this technology several cryptocurrencies have developed different models for procedures and procedures. The Ripple is one of the calls to change the financial sector. The Ripple like other cryptocurrencies has suffered an exponential growth of its value in recent times, up to more than 1,000% throughout this year. With a community of more than 6 million users, eToro is an ideal tool for investors interested in cryptocurrencies like this. Thanks to the option of being able to consult the investment strategies of other users or even clone them, investing is easier when you follow the market leaders. The project has the support of many of the big banks worldwide. Ripple has offices in San Francisco, New York, London, Luxembourg and Sydney. In charge of the project is Brad Garlinghouse, CEO and member of the Board of Directors, who, before coming to Ripple, was CEO of the Hightail file collaboration service. Ripple is called ‘defender of the Internet industry of Valor’ (IoV). Among its investors: Santander InnoVentures, Google Ventures, Andreessen Horowitz, Accenture or CME Ventures, which gives an idea that the project can be considered as the response of the financial sector. One of the last ripple associations was with the company that bears the name AMERICA EXPREES (amex), this connection seeks to create a payment structure based on blockchain: “American Express has a long history of integrating new technologies, and this collaboration with Ripple and Santander represents the next step forward in our Blockchain journey, evolving the way we move money around the world.” The price of the Ripple cryptocurrency (XRP) has starred during the past days one of the most striking increases of this 2017, reaching more than double in a few days and marking a maximum record in market capitalization. That is why we consider ripple as one of the cryptocurrencies with the highest projection during the year 2017, within its trajectory it has remained within the first ten in the raking of the famous page denominated coinmarcketcap.

• Ripple begins to sound a lot like an alternative to the current financial system and some voices suggest that it could be a substitute for Bitcoin but that, really, acts as a complement to the Bitcoin economy.
• Ripple is not a currency like Bitcoin could be but it is a credit system that allows us to carry out economic transactions paying small commissions (which aim to discourage bad practices that try to flood the network with many small transactions), that is, it is like if it was a PayPal but in a decentralized way.
• Accepted by the people and has remained among the best five best cryptocurrencies

• The same relationship with banks is seen with doubts by many users, as they doubt its decentralization and independence as currency.
• According to some research, it is said that the Ripple Network has some security flaws that can be very dangerous for both the function of operations in global currencies and for the same XRP.
• When observing its operation, it can be thought that there is an entity that centralizes it, since Ripple functions as a “Central Bank” for the XRP.

DASH

Origin: On March 25, 2015

Founder: Evan Duffield Dashcoin

is an anonymous futuristic cryptocurrency and the first cryptocurrency mutating automatically. Your network code is always up-to-date and almost error-free. Developers play an insignificant role in all this since Dashcoin is an absolutely autonomous financial stream.That is why you can concentrate on your business exclusively. Dashcoin has a number of advantages over Bitcoin: 1) instant money transfers and transactions; 2) a higher level of anonymity; 3) the unique mining protocol x11; 4) Difficulty calculation is highly automated, optimized and intuitive; 5) large reserves of coins (up to 22 million coins); 6) a unique system of network keys responsible for the functions of the keys. The market capitalization of Dashcoin has reached approximately $ 17-20 million. Considering the fact that the daily turnover is higher than $ 200,000, we can say that Dashcoin is quite stable. What is interesting is that a full block calculation cycle takes only 2.5 minutes, which is 5 times faster than Bitcoin . The forecasts for the end of 2017 are favorable for this cryptocurrency, similarly expected significant growth in the coming years as shown in the projection table of the currency: Advantages of the Dash:

• System of “master nodes”: this is a network of servers whose users have at least 1000 Dash. Thanks to this feature, transactions with Dash are confirmed instantaneously (compared to 1 hour in the bitcoin network), in addition to allowing private exchanges and budgets.
• It has its own X11 algorithm, hash algorithm created by the developer of Dash, Evan Duffield

Disadvantages:

• Its use has no oversight of any authority.
• Tax evasion is what has alerted various economies, which already raise the need to look for locks for these values
• If we do not create a backup of the wallet, we can lose the money and that electronic currency would come out of the market circulation

POPULOUS (PPT)

Origin: Conceived in July 2017

Director: Stephen Williams

It is a commercial platform for the financing of invoices built on the blockchain of Ethereum. Populous uses XBRL, Smart Contracts, fixed parity tokens and more, all to create a unique commercial and global environment for investors and sellers, to negotiate invoices from all over the world. We believe that with Populous we are creating the next generation in the financing of invoices in the market. WHY POPULOUS? Because Populous is based on the Ethereum Virtual Machine, this has given us the opportunity to create a platform that allows everyone to participate in an alternative financial market that, today, is only available to banks, financial institutions, people rich, family wealth managers and governments. Therefore, by allowing cryptocoins to be used on our platform, an investor can invest by buying an invoice sold by another investor from anywhere in the world. For example, an investor in China or Japan can invest in the purchase of invoices sold by companies in the United Kingdom and vice versa. In order to create a stable business environment.Setting Goals Populous issued their UK Business Plan laying out the UK roadmap for the years ahead. The plan will be tweaked as trading conditions dictate so it is not set in stone. The business plan is not just a tool used to pitch to investors, it is also a roadmap that gives a macro view to how to grow the business and is very insightful. There is one particular line that piqued my interest: Populous will also seek to deliver a seamless experience by integrating ourselves into their accounting and bookkeeping software. During the month of November of this year, populous acquires greater volume of people investing in it, this represents a significant advance in said cryptocurrency, in the table shown below observing the remarkable growth in the market:

Advantages of Populous:

• Work articulated with ethereum, great strength because it has as support a cryptocurrency of great strength
• While banks and other financial institutions join forces to create financial platforms in the blockchain, Populous’s approach to finance through the blockchain is unique, in the sense that Populus is not subject to the same regulatory norms that impede to banks and other financial institutions to use cryptocurrencies in the blockchain environment.

Disadvantages:

• Because it is a relatively young crypto currency, it must earn the trust and investment of the people, for this they must work hard and become a reliable currency

 

STELLAR LUMENS (XLM)

Origin: Conceived in August 2014

Developer: Bartek Nowotarski

The vast majority of virtual currencies seek to position themselves as the main currency for transactions. After all, one of the main goals of famous cryptocurrencies like bitcoin is to completely replace the bills and coins we use today. However, there are some visionaries who believe that the currency of always and the cryptocurrency can coexist. That is precisely the belief of the Stellar network. Find out below that they are Stellar Lumens. What is Stellar Lumens? Before explaining Stellar Lumens what it is and what it is for, we have to talk about the Stellar network. This is a platform developed based on a chain of blocks (the same bitcoin technology) that aims to facilitate transactions between different kinds of currencies. Currently, to change dollars for bitcoins or other currencies you have to make a series of complex steps. With the help of the Stellar network, you can perform the conversion in a matter of seconds and paying very low commissions. The lumens are the criptodivisa of the Stellar network. When you change, for example, dollars to bitcoins in the Stellar network, the balance is converted first to lumens and then to the target currency. It can be said that the Stellar Lumens are an intermediary currency. Stellar Lumens value: The project is still in its early stages, although many banks have shown interest in the new technology. This has meant that the price of Stellar Lumen has increased dramatically in recent months. By consulting how much a Stellar Lumen costs on the CoinMarketCap platform, it is possible to see that its value is increasing. In August 2014, each lumen was quoted at 0.0025 USD. In May 2017, the price rose to 0.061 USD. This is a volatile cryptocurrency, so it is difficult to know how much a Stellar Lumen is worth at any given moment in time. Advantages of Stellar Lumens:

• is a platform developed based on a chain of blocks (the same bitcoin technology) that aims to facilitate transactions between different kinds of currencies.
• With the Stellar network, you can convert currencies in a matter of seconds and pay very low commissions.
• The developer of Stellar Lumens seeks to popularize cryptocurrency, so that sometimes it organizes large events in which it gives millions of lumens. This is a simple method to get Stellar Lumens free without any risk.

Disadvantages:

• This is a volatile cryptocurrency, so it is difficult to know how much a Stellar Lumen is worth at any given moment in time.
• Unfortunately, Stellar Lumens has not yet launched to its full potential, so getting direct exchanges with traditional currencies can be a problem. Similarly, it is difficult to transform Stellar Lumens into cash that you can spend in a store.

What should you invest?

The cryptocurrencies are a great alternative to increase our investment, if it is done with caution and without placing our emotions at stake, in the same way, it is an entertaining and dynamic form, factors that will involve you and make this activity a pleasant fact And passionate, you dare to invest with me ?, If so, this post is made with the intension we learn together.

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Summary

Currently there are more than 1300 cryptocurrencies according to information provided by the coinmarketcap page, a variety that makes the world of virtual currencies more interesting each day, here I give you the coins that I think are most interesting at this time. If you came to this page and read it until now, you are probably really interested in investing in alternative currencies. What do you think about the selection? Write your comments that for us is very important

Disclaimer: I’m not a professional on this subject, just a passionate about it