Best Cryptocurrency 2019 – Are They Secure ?
- Anas Feroz
- February 23rd, 2018
Cryptocurrencies create a new opportunity for those who are looking for private, safe, easy to use, quick and highly valuable investments. Nowadays you can use best cryptocurrency as a transaction medium to anyone anywhere globally. The transaction fees is determined by the amount of data involved in the transaction. The transaction fee is not determined by amount like other currencies used for transaction purposes.
Since Cryptocurrencies are digitally online, there is a lot of debate going on by professional investors that is it safe to invest in cryptocurrencies? Is it secure? Because it is based on data which can be steal by the hackers if there is no proper security check. There are now more than 800 cryptocurrencies available in the market. Altogether known as Altcoins. Majority of them are scams; making solely to pump and dump, trying to cash in at the time of crypto-hype (when market is booming).
Due to this debate, the article provides you best cryptocurrency which are secure and do not reveal your identity to hackers and make your investment safe from stealing.
BTC is the most valuable and first decentralized digital currency. It is also most popular and relevant cryptocurrency, ranking 1’st in terms of highest market capitalization. It is consider as safest and secure cryptocurrencies. But according to cryptocurrencies experts, it still has some security and privacy-breaching issues which should be address. Although it is by far safest cryptocurrency to invest as compare to other cryptocurrencies in the market.
BTC consider as mother of all cryptocurrencies. It allows simple and easier online global transactions and also enhance financial inclusions. Thousands of individuals and organizations globally using BTC and accepting as well.
Ethereum is known as unique cryptocurrency, very complex from others and initially, it wasn’t designed to become a digital currency. It is initially designed as a form of payment within a specific platform. It was created to decentralize the web by supporting turning complete smart contracts like for example Solidity.
Individuals mining this cryptocurrency in order to help the organizations those who required extra power for their systems and processes without going for costly servers. Like for example help to keep safe from power outages, hacks, and physical damages.
Recognize as permanent fork of BTC, opportunity for those investors and supporters that don’t like SegWit. It means you will get the same value of BCC as the BTC you owned before the fork which was on 1st August 2017. It’s like BTC was cloned since that time.
Ripple is develop for the purpose of peer to peer debit transaction. I am big fan of Ripple in terms of investment opportunity because it networks has made strong acquisitions with commercial banks which allows cross-border payments in real time. The technology use by Ripple prevents time delays and provides certainty of settlements which leads to lower transaction cost and increases profits for commercial banks and financial institutions.
The reason why I choose to invest in Ripple rather than other top cryptocurrencies is because it provides real-time transactions. Furthermore, due to acquisition with banks, it increases its privacy and security as well.
LTC was the first best cryptocurrency to use Scrypt hash algorithm. LTC initially consider as the clone of BTC. It provides the flexibility in order to improve technical advancements such as lighting network and SegWit. In order to understand LTC, it is recognize as improved version of BTC.
LTC has better efficiency in terms of storage and rapid transaction times. It is consider as peer to peer cryptocurrency which leads to low cost and fast online transactions. Due to these properties, it makes LTC unique and secure investment in the world of cryptocurrencies.
Dash is also based o BTC which provides the feature of rapid transactions, personal transactions and decentralized governance and budgeting. The technology used by Dash is anonymously and automatically with CryptoNote which makes its network code error-free and lower developer cost. The main purpose of creating this cryptocurrency is to make friendly, secure and anonymous digital currency.
Apart from being a popular and highly valued best cryptocurrency, it is a blockchain project that involves than only handling its native currency tokens. NEM is also a peer to peer platform that provides other interesting services like payments, asset making, messaging, and a naming system. This platform is mostly used and quite popular in Japan.
Conclusively, According to my research about best cryptocurrency, these are the top 7 cryptocurrencies which are the most secure, stable and provide privacy to being monitored by hackers. There are other cryptocurrencies which also provide high security and privacy features but considering them in top 7 is too early such as Zcash, Monero, Golem and etc.
You can analyze that there are three cryptocurrencies which are based on Bitcoin. The Ripple is the most unique from others. This indicates that individuals feel more secure in investing on those cryptocurrency which is widely accepted by the banks globally. There is a huge possibility that cryptocurrencies which ranks in top 7 today will be replaced by other altcoins in the market through improvements and technology enhancement.