These are the 7 most promising Cryptos right now

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If you’ve invested 8,000 dollars 10 months ago, today you would have 290,000 dollars in your pockets, you would actually have to buy more pockets!

Years ago, people thought about various ways of trading worldwide using a singular currency, one that makes the trading process transparent yet anonymous.A trading system that will have top-level security, and have an easy access to Professional traders and Simple folks as one.

Every coin strives to be better than its predecessors. Some of the new currency makers focus on security improvements over the Bitcoin protocol, some improve the speed of the network transaction approval time, and some use cryptographic encryption methods, but the basic principle remains the same: all currencies are digital and controlled by none.

Today there are over 900 digital coins traded across the Internet and a new coin is introduced almost every day. Most of them have a negligible market capacity ranging from tens of thousands of dollars to a few million dollars.

Although there are many coins existing today, our analyses team chose the 7  best Cryptocurrencies with the most potential to gain this year.

 

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Ripple (RPX) is a bit odd in the world of altcoins. It had been around as an open source project for a long time, until a company was launched, a zillion coins were premined. Bitstamp supports Ripple. Switching costs are pretty low, but the cost of supporting more infrastructure in parallel is non-zero (and is bigger the more the different the system is, which is why Ripple isn’t making headway)

 

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Dashcoin (DSH) is an automatically mutating anonymous cryptocurrency. Dashcoin is a Next generation anonymous cryptocurrency and the first automatically mutating cryptocurrency created with CryptoNote technology.

Dash (formerly known as Darkcoin and XCoin) is an open source peer-to-peer cryptocurrency that offers all the same features as Bitcoin but also has advanced capabilities, including instant transactions (InstantSend),private transactions (PrivateSend), and decentralized governance (DGBB). Dash’s decentralized governance and budgeting system makes it the first decentralized autonomous organization.

Dash uses a two-tier architecture to power its network. The first tier consists of miners who secure the network and write transactions to the blockchain. The second tier consists of masternodes which enable the advanced features of Dash.

 

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Peercoin, also known as PPCoin or PPC, is a peer-to-peer cryptocurrency utilizing both proof-of-stake and proof-of-work systems.
Peercoin is based on an August 2012 paper which listed the authors as Scott Nadal and Sunny King. Sunny King, who also created Primecoin, is a pseudonym. Nadal’s involvement had diminished by November 2013, leaving King as Peercoin’s sole core developer. Peercoin was inspired by bitcoin, and it shares much of the source code and technical implementation of bitcoin. The Peercoin source code is distributed under the MIT/X11 software license.

Unlike bitcoin, Namecoin, and Litecoin, Peercoin does not have a hard limit on the number of possible coins, but is designed to eventually attain an annual inflation rate of 1%. There is a deflationary aspect to Peercoin as the transaction fee of 0.01 PPC/kb paid to the network is destroyed. This feature, along with increased energy efficiency, aim to allow for greater long-term scalability.

 

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Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called “ether”, which is transferable  between accounts and used to compensate participant nodes for computations performed.”Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.

Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale during July–August 2014. The system went live on 30 July 2015.

In 2016 Ethereum was forked into two blockchains, as a result of the collapse of The DAO project, thereby creating Ethereum Classic.

 

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Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, since the system works without a central repository or single administrator.

It was invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto, and released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.

Bitcoin was the first cryptocurrency on global supply and is currently the biggest one with the highest value.

 

LTC

Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.While inspired by, and in most regards technically nearly identical to Bitcoin (BTC), Litecoin has some technical improvements over Bitcoin, and most other major cryptocurrencies, such as the adoption of Segregated Witness, and the Lightning Network. These effectively allow a greater number of transactions to be processed by the network in a given time, reducing potential bottlenecks, as seen with Bitcoin.Litecoin also has almost zero payment cost and facilitates payments approximately four times faster than Bitcoin.

 

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Namecoin was the first coin with a clear goal outside of currencies and money itself: domain names. With Namecoin you can register .bit domain names. There are several services out there that do this for you but they are quite expensive in comparison to doing it yourself.

 

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