For better or worse, we live in a world where we have access to thousands of different currencies. These things changed the lives of so many people because their price increases astronomically. As a result, some people earned a lot of money, whereas others lost even more.
Even if you are not a fan of digital currencies, you can’t deny the fact they have a lot of advantages. Nowadays, they are still not as popular as their fiat alternatives, but this will probably change in the future.
That’s why we wanted to share a few cryptocurrencies that some of you will probably have to use in the future. Of course, we can’t predict whether the things that you will find below will be trendy a few years from now, but by the looks of it, they are here to stay.
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The first cryptocurrency that many people believe will become more popular in the future is called Litecoin. This is often regarded as one of Bitcoin’s alternatives, which is why you can find it on some crypto casinos, especially those that are trying to stand out.
Although Litecoin’s price is not that high at the time of writing this article, each cryptocurrency’s price can change in just a matter of seconds. What’s interesting is that Litecoin’s founder considers his invention to be “silver”, if we assume that Bitcoin is “gold”.
Another thing that makes this cryptocurrency so popular is the fact that you can “mine” it using a normal desktop computer. In other words, you don’t need to spend thousands of dollars on a PC, which is something that you should do if you want to mine Bitcoin.
One of the reasons why some people purchase cryptocurrencies is due to the fact they are decentralized. What this means is that there are no government institutions that regulate the specific currency.
Although this attracts a lot of investors, there are some people who do not feel safe putting their money into something like this. That’s where digital currencies like MintChip come to play. This thing was created by the Royal Canadian Mint, which means that it regulates it, at least up to a point.
Another interesting thing about MintChip is that it is backed up by a physical currency (the Canadian dollar). Similar to Bitcoin, MintChip does not need any personal identification.
This cryptocurrency began its existence back in 2012 when it was created by Chris Larsen. The thing that makes Ripple (XRP) so attractive is the fact that it is a currency and a payment system. Although it might seem strange, the payment system allows people to transfer funds in any currency to another user within Ripple’s network fast and easily. Needless to say, this isn’t the case if you want to trade Bitcoin, which usually takes several minutes.
There might be many more cryptocurrencies to choose from in the future, so make sure you follow the latest news. Even though Bitcoin is the most popular option right now, this is prone to change.