From Zero transaction fees to helping content creators. Can these cryptocurrencies perform well into 2019?
The question of the “best” cryptocurrency to invest in over the next 2 years is not a simple one, there are a lot of great cryptocurrencies in this market.
What we can look at are some of the cryptocurrencies which look very promising.
NANO — Nano has zero transaction fees, 2 second transaction times and the whole network is built on a unique “Block Lattice” instead of a Blockchain or Tangle.
With Block Lattice, every user has their own blockchain which speeds up transactions by reducing the number of transactions a single blockchain has to make.
In fact with more users on the network, the faster transactions are processed and this solves one of cryptos biggest problems, SCALABILITY.
BAT can be used by content creators, advertisers and viewers/users in a new ecosystem that will take place on the Brave Browser.
Brave is an already released web browser that automatically blocks adverts and BAT is intended to be used on this browser in many ways which include:
- Supporting your favourite content creators through donations or Patreon style subscription services.
- In-app purchases
- Receiving BAT after watching an advert
- BAT could be implemented by popular browsers like Chrome or Firefox to compensate advertisers and creators affected by AdBlock software and YouTube demonetisation.
BAT could help content creators to continue their online businesses whilst keeping advertisers and viewers happy, allowing viewers to be rewarded in BAT for watching an advert and advertisers continuing to promote their products.
XLM — Stellar Lumens has 2 second transactions and transaction fees cost a fraction of a cent, on top of that Stellar can be used as a blockchain based development platform like Ethereum.
Since Stellar’s blockchain is faster and cheaper to use than Ethereum, some companies have moved their projects from the Ethereum blockchain.
Since XLM can be quickly and cheaply transferred, companies like IBM as well as some banks have been using XLM to transfer money.
XVG — I know Verge has some haters but at the end of the day this coin has performed, I invested in Verge last summer when the price was around $0.002 and took some profits when it reached 19 cents ($0.19) in December.
To top it all off Verge has made a partnership with PornHub which could be an additional gateway to mass adoption.
Okay, enough about Verge’s performance, here it was it does. Verge obscures the IP Address and location of its users, however the thing about Verge is that they use an open ledger instead of a private one.
The reason for this is so companies can can see the transaction amounts, thus leading to mass adoption, this is the explanation given by the Verge developers.
So basically Verge just hides the location and identity of the users but transactions themselves are not hidden.
EOS — EOS plans to position itself as a competitor to Ethereum, being able to enable the development, hosting and deployment of commercial scale decentralised applications (dApps).
The developers of EOS claim that it will solve scalability and usability problems with cryptocurrency.
EOS plans to achieve this through parallel processing, rules that require a consensus to be approved, 5% inflation and a decentralised operating system.
They have bold ambitions and were rumoured to be an “Ethereum Killer™” in it’s early days.
Now I’m not too sure about the Ethereum Killer™ thing but if they can deliver on their plans then I believe they will have a place in crypocurrency’s future.
You can use BitPanda to invest directly in BAT, XLM and EOS with cash if you live in Europe.