Bitcoin was a big first mover… but it’s immutable. No one can alter its design and functionality.
The set-in-stone nature of bitcoin has helped it reach around a $70 billion market cap. People around the world have put money into it to avoid government control.
Gold used to be a popular option, but digital currency has many benefits over the shiny metal. Two big benefits are that it’s divisible and you can access it just about anywhere. The cryptography behind it also makes it super secure.
The technology powering bitcoin is revolutionary… but it’s just the first big decentralized cryptocurrency.
Bitcoin is a prototype, and its structure can’t be changed. As a result, new and improved versions are hitting the market.
Many of the new digital currencies have better functionality and more application. This is crucial because the more widely a currency is used, the more valuable it becomes.
Bitcoin has claimed a global presence, but the currencies listed below could easily overtake it.
These five currencies have distinct differences that make them more useful…
Launched in 2015, Ethereum is a decentralized cryptocurrency platform similar to bitcoin… but it does so much more. Developers built the platform to allow smart contracts.
Smart contracts are agreements between a buyer and a seller that allow anonymous parties to work with each other without a third party. Every contract is transparent and irreversible.
Programmers are developing distributed applications that run on the Ethereum platform. And the apps run on the cryptographic token, Ether.
Ethereum has drawn attention from all around the world. Its distributed applications make it much more useful than bitcoin. The potential is huge.
It’s also important to note that Ethereum coders built another version, Ethereum Classic. Its structure is the same up until 2016. The split happened after an attack on the platform.
Released in 2012, Ripple is a currency exchange network. It allows real-time transactions around the world.
Ripple doesn’t require mining, and this is one big benefit over bitcoin. It doesn’t require huge computing power to run. This also allows for faster transactions.
Since mining Ripple coins isn’t necessary, Ripple distributes new coins based on business development deals. In total, there are 100 billion Ripple coins available. The creators kept 20 billion and gave the rest to Ripple Labs which currently owns about 60 billion, the rest is either directly owned or stored in escrow accounts for future distribution.
Ripple Labs is focusing on improving Ripple’s liquidity. It’s doing this by giving the coins to market makers. And banks have taken notice. Some of the big Ripple users are UBS, UniCredit and Santander.
Ripple makes payments more efficient than bitcoin does. And if more banks adopt it, early investors will see massive profits.
Litecoin was launched in 2011. And some consider it to be the silver to bitcoin’s gold… but it has faster payments.
The blocks in Litecoin’s ledger are confirmed quicker than bitcoin’s blocks are. The blocks are permanent files that show every transaction ever made.
Another benefit of Litecoin is that it will produce four times the amount of currency units that bitcoin can produce. Litecoin will max out at 84 million.
Litecoin also has less mystery around its creator. It was built by a former Google engineer, Charlie Lee. Both Litecoin and its creator are well-known within the digital currency world.
Litecoin is the silver to bitcoin’s gold for now… but as new merchants accept Litecoin, the two could easily switch places.
Released in 2014, Dash is a more secretive version of bitcoin. None of the transactions are traceable.
Dash allows you to operate without big brother watching your every move. This is a huge selling point as governments take more control in the digital world.
Dash was formerly known as Darkcoin, but it was rebranded in 2015. Since then, the currency is up more than twentyfold.
Another notable difference with Dash is that miners don’t do all of the work. A second tier performs private sending and other functions.
The increased privacy with Dash is a big selling point to users. The currency will continue to expand outside of the government’s control.
Monero is similar to Dash. It was released in 2014, and its users are untraceable with private transactions.
There are three ways that Monero protects its users on the network. The sending addresses are hidden with ring signatures. The amount of the transaction is concealed. And stealth addresses hide the receiving address.
Monero’s structure has a strong focus on security and scalability. It’s also donation-based and community-driven. It’s gaining popularity, and the enhanced anonymity sets it apart from bitcoin.
The five currencies above are improved versions of bitcoin. They could easily overthrow bitcoin by the end of this year.
Early investors in the new currencies will profit handsomely. So it’d be good to add a few to your portfolio today.
Adam is our in-house crypto currency expert.
He bought into Ethereum at less than $10… before it jumped to $355.
He got in on Antshares at $1.50. Then it jumped to $10.71.
And he obtained 27,000 coins in another digital currency for just $0.185 apiece.
Those coins trade at more than $4 each.
It’s not to brag about Adam’s personal winnings, but rather… because this has got to be one of the most exciting and unusual profit opportunities in the history of the markets.
Adam has put together a free presentation detailing this whole opportunity, and he details three digital currencies that he believes are the next to ignite.
The Early Investing Research Team
P.S. You can track the current prices of the currencies listed above by clicking here.