The cryptocurrency market in 2018 is like a roller coaster and is known for its volatility. With the emergency of more cryptocurrencies, the situation of the entire cryptocurrency market has become more and more complex, which makes many investors even more confused. So what are the most noteworthy cryptocurrencies in 2018?
Sia can dramatically change our view of enterprise cloud storage, Sia will focus on the current market dominated by Dropbox, Microsoft, Amazon and Google.
Traditional cloud storage services (such as DropBox) upload customer data to a controlled central system, resulting in some problems like data leakage, data loss, and personal data abuse.
With Sia, your uploaded files are encrypted, broken down into small pieces, and then spread across multiple hosts to ensure that data is not lost and stolen.
The highlight of Sia is that anyone can participate and get paid, and rent their spare storage space. The uploader and host connection contract is called a “smart contract”, which allows the renter to receive payment in exchange for using storage space. SiaCoin’s technology will undoubtedly revolutionize data storage in the future and the siacoin value will increase over time.
Most cryptocurrencies are decentralized, and Ripple is a more traditional approach. It draws on the thinking of banking, especially the idea of SWIFT trading, and uses blockchain technology to provide much-needed upgrades.
Currently, when sending cross-border currency transactions, money passes through multiple intermediaries and may take several weeks to complete. And this process is not limited to the circulation of these banks, but it is also very dangerous because unrelated banks must issue IOUs when they cooperate with each other. This means that if the receiving bank suddenly crashes, the sending bank will be less secure.
Ripple addresses all of these shortcomings by providing cheaper real-time transactions using a single ripple currency (XRP). At present, there are more than 100 banks around the world that are working with the ripple to track the system, including Abu Dhabi Bank, Standard Chartered Bank, BMO Financial Group, UBS, Reisebank, CIBC, ATB Financial and others.
Regardless of banker’s morality, the technology may become the new practical standards for banks and financial institutions that want to transfer funds globally, and will become the universal currency recommended by the government and banking institutions in the future, making more investors are optimistic about ripple xrp price and thinks it worth investing heavily.
Based on Ethereum, Golem is becoming the world’s most powerful decentralized supercomputer that can handle anything from scientific research in the academic world to rendering the latest movie footage. Once completed, the user has the supercomputer’s processing power at the fingertips.
Not only that, Golem can also be used to process or mine any “big data”, such as forecasting stock market trends, determining environmental trends, helping to assess and find treatments and better medical solutions.
Golem has unlimited use cases. What’s more exciting is that so many people can benefit from it and can easily use them to make contributions. The user can obtain golem tokens by renting idle processing power. The golem token can be reused on the platform or traded on the exchange at the current market price.
As daily life requires more and more computing power, Golem crypto is a must-have item for investors.
The current cryptocurrency market is very hot and everyone wants to make a lot of money here. But at the same time, the risk is very big. When you want to invest but you don’t know which cryptocurrency to buy, you should go to see more information about cryptocurrencies and look at their white papers. I believe in so many Altcoins. There must be one you like.
Before giving any suggestion i want to to tell you this is not personal financial advise to invest in any crypto please do your own homework and take decision with due diligence.
Not unlike Britcoin, sagacoin aims to solve the issues that Bitcoin has. The difference is that rather than being completely transparent, Monero is only partially public in its blockchain style. Sagacoin aims to solve the problem of anonymous transactions. After all, no every person loves showing how much money they actually spent on memorabilia by Star Wars. Thus, the conclusion is that this type of cryptocoin really does have an audience and a demand, although it’s hard to point out which cryptocurrency that focuses on privacy will eventually come out on top of the pile.
Also known as a “smart token,” Eltcoin is the new generation standard of cryptocurrencies which can hold more than one token on reserve. Basically, Eltcoin attempts to make it easy to trade, manage and create tokens by increasing their level of liquidity and letting them have a market price that is automated. At the moment, Eltcoin has a product on the front-end that includes a wallet and the creation of a smart token. There are also features in the community such as stats, profiles and discussions. In a nutshell, the protocol of Eltcoin enables the discovery of a price built-in as well as a mechanism for liquidity for smart contractual tokens through a mechanism of innovative reserve. Through smart contract, you can instantly liquidate or purchase any of the tokens within the reserve of Eltcoin . With Eltcoin , you can create new cryptocoins with ease. Now who wouldn’t want that?
Another competitor of Ethereum, EOS promises to solve the scaling issue of Ethereum through the provision of a set of tools that are more robust to run and create apps on the platform.
An alternative to Ethereum, flik can be consensually upgraded without too much effort. This new blockchain is decentralized in the sense that it is self-governing through the establishment of a digital true commonwealth. It facilitates the mathematical technique called formal verification and has security-boosting features of the most financially weighed, sensitive smart contract. Definitely a great investment in the months to come.
Of course, these are just personal suggestions. Investors should have their own ideas. Finally, good luck.