FX.co ★ Most promising cryptocurrencies in 2018

Siacoin

Siacoin appeared in 2015, and now it is a platform for decentralized file storage.

Users from around the world, providing free space on the hard drives of their PCs, form a huge decentralized network. Thus, crypto coins give users the ability to store their files on the platform.

Work security is provided by encryption, the creation of "smart contracts" and so on. Payment of remuneration is possible if the information is stored until the expiration of the contract.

Dogecoin

Thanks to its mascot, the face of a Shiba-Inu dog, the Reddit cryptocurrency is one of the most recognizable in the world. The Internet meme was presented to the public in 2013.

It is mainly used as a “tip” for various services (for example, comments) on the Reddit website. However, despite such a logo, the Dogecoin community raises funds for major projects: in 2014 it financed the bobsleigh team from Jamaica to travel to the Winter Olympics and racer Josh Wise to participate in NASCAR.

Stratis

This cryptocurrency appeared in 2016 and still occupies the last places of the ratings, but experts predict a significant growth of its rate and popularity.

At the heart of Stratis is a flexible blockchain system with a closed code, thanks to which it is planned to create the simplest and most affordable means of payment.

The platform is convenient for working with corporate applications C# and NET. Relevant updates and high security are among its advantages.

Golem

The Polish platform, Golem, was founded a couple of years ago, but it has already proven itself to be uninterrupted and able to perform many different types of tasks.

An unlimited number of PCs can be safely connected to a decentralized peer-to-peer network at any time.

Being at the first stage of development, Golem is used only for rendering so far: within a few minutes, it is possible to perform complex tasks, conduct mass analytical studies and make predictions.

However, the Golem project can be useful for a lot of scientific research, ranging from DNA analysis to the search for aliens.

Monero

In 2014, the Monero creators' goal was to ensure maximum anonymity of users' personal data, and now we can say that they did it.

The CryptoNote's unique code applies ring signatures and one-time keys for money transactions making them automatically confidential.

Judging by the rise in interest in this currency, shown in the summer of 2016, the use of this digital asset as a means of payment is not far off.

Zcash

Zcash appeared on the cryptocurrency market a couple of years old, but its prospects are also the most encouraging. The platform offers users the ability to conduct anonymous transactions: nothing is written to the blockchain, except for the time of their execution.

It is worth noting that at this stage only 10% of transactions are hidden: there is not enough time and computing power to process the rest.

Waves

Another blockchain platform designed for the production of cryptographic tokens appeared in 2016. It functions on the basis of LpoS. The base of operations is made up of chains of blocks.

Miners can get a part of the profits from mining in exchange for their own funds which can be returned at any time. You can control your balance until it becomes known to others.

Dash

The development of this cryptocurrency in 2014 was focused on the confidentiality of users' personal data.

The PrivateSend service provides the use of not one but several groups of algorithms: first, transactions are mixed and split into equal parts, then crypto coins are sent to the recipient's wallet.

Thanks to Dash, everyone can contribute to the development of the global monetary system.

At the same time, the mining of new coins does not require a large amount of energy resources.

EOS

EOS, created on the basis of Ethereum cryptocurrency in 2017, took the best from it.

The result is a cryptocurrency that can scale various decentralized applications, conduct transactions with good speed and high bandwidth.

Developers' plans are to expand the capacity of the platform to several hundred million transactions per second which will help traders use EOS in many projects.

Neo

The Chinese project, Neo, was launched in 2017. It has an open source code and is similar to Ethereum in terms of decentralized applications and smart contracts.

Neo is legalized by the Chinese government, unlike Ethereum which is not supported anywhere in the world.

Neo is attractive to most programmers: if Ethereum has its own language (Solidity), then Neo supports a number of popular programming languages, including C#, Java, and in the future, Go and Python.

IOTA

The IOTA cryptocurrency, appeared in 2014 under the control of the IOTA Foundation, is a crypto token optimized as a means of payment in the Internet space.

It has an open source code that is designed to make data transfer and payments between devices efficient and secure.

The mining of crypto coins is based on the Tangle consensus method, so the platform’s features include completely free and fast transactions, the number of which is not limited.

Stellar

The Stellar platform, created in 2014 as an open source network, is capable of making seamless payments between financial institutions in different countries.

Stellar's own cryptocurrency, the so-called lumen, is used to pay fees and make transfers of various currencies, which is why it is resistant to external attacks.

NEM

The Japanese NEM (new economy movement) was launched in the spring of 2015 on the basis of Ethereum and was intended for use in banking operations. Compared to Bitcoin and Ethereum, the NEM platform is more economical and highly productive. It has already attracted the attention of the largest bank in Japan (SBI Sumishin Net Bank).

A distinctive feature of this cryptocurrency is the use of the original open source code and the application of the innovative POI algorithm: the sum of the cryptocurrency on the balance, the activity of the miner and the duration of his stay in the network are taken into account.

Litecoin

This digital currency appeared quite a long time ago, in 2011, and took a lot from its predecessor, Bitcoin.

The number of coins generated is 4 times (84 million) higher than the number of bitcoins, therefore, the transaction processing speed is 4 times higher than that of Bitcoin. In addition, Litecoin can be easily integrated into applications using cryptocurrency number 1.

Ripple

The Ripple platform, launched in 2011, is focused on operations with currency exchange without chargebacks. The consensus ledger allows traders to provide ubiquitous fast and secure transactions.

Cryptographically signed deals allow you to do this for four seconds, much faster than when working with Bitcoin. At the same time, funds are tracked in real time.

Thanks to the use of distribution ledger, reliable security is guaranteed for users. Many banks and payment networks (UniCredit, UBS, Western Union, etc.) are already interested in Ripple.

Ethereum

The second most popular altcoin appeared in 2015. It is the brainchild of the Swiss organization, Ethereum, and is characterized by a simplified introduction of the blockchain technology and the ability to create decentralized applications.

Smart contracts have been noticed and appreciated by such well-known companies as Microsoft, IBM, Acronis, and Sberbank which are serious about using them in their work.