Cryptocurrency is probably a word you haven’t heard very often. It’s the name given to a form of digital currency that has become popular in recent years. These currencies are used to make transactions online, and they are regulated using encryption techniques to ensure that they are being used and generated properly. There is no ban involved, and they have become the go-to method of online payment for many individuals and businesses. Let’s take a look at some of those set to be the most popular in 2017.
You’ve most likely heard of Bitcoin before, but you may not have heard of Litecoin. It has been around for quite a while now and shares a lot of similarities with Bitcoin. In fact, it is often referred to as the ‘silver’ to Bitcoin’s ‘gold.’ The main difference between them comes from the mining process, with Litecoin using a serialized s-crypt algorithm. There are also transactional differences, such as Litecoin being able to handle a higher transaction volume. This cryptocurrency has the potential to go places and become one of the leading cryptocurrencies of 2017. It has already been added for trading on Coinbase. It could be the start of a bright future for Litecoin, and you need to make sure you get on board.
We’ve all heard of Bitcoins, and they have been around for some time. This hasn’t hindered their popularity at all, though. One of the biggest draws of Bitcoins is that it is the cryptocurrency accepted by the most number of merchants these days. And that makes it a much more accessible and practical choice. You wouldn’t want to pick something you can only use with a restricted number of merchants. The universal appeal and reach of Bitcoins make them a powerful choice for many people. And it’s difficult to see a scenario in which they aren’t at least going to be in the running for the most popular cryptocurrency of the year.
Ethereum might be something you’re aware of if you dabble in cryptocurrencies. It provides a public blockchain platform and is its own currency too. The cryptocurrency itself is known as Ether, but, a lot of other currencies are using Ethereum to run their own cryptocurrencies. Ethereum is also a go-to program for banks looking to adopt the blockchain format. This is something that is going to become more widespread in the next few years. It looks like the blockchain platform that Ethereum provides will make it one of the most popular choices for users in 2017.