There are over 2,000 different cryptocurrencies that are based on interesting concepts and hold a lot of potential for very different areas. Crypto coins are also among the popular asset classes in 2022 - despite their high volatility.
We present the most important cryptocurrencies for 2022 and show which are best suited for purchase:
Bitcoin (BTC)
Bitcoin (BTC) is and remains the undisputed number 1 of all cryptocurrencies in https://exnesslatam.com/pt-br/. The coin not only has the highest market capitalisation, but also the largest network, making it one of the most secure on the market. Bitcoin owes this primarily to its pioneering position as the first functioning digital coin. It gave the starting signal for thousands of other currencies that copied or modified its blockchain principle or developed an entirely new system.
The Bitcoin network is completely decentralised and autonomously controlled. It is based on blockchain technology with the proof-of-work principle, i.e. work in the form of provided computing power of one's own graphics card for the cryptographic processing of transactions.
In return, the participants receive shares in new bitcoins. Their number is limited to 21 million to prevent inflation. Currently, there are about 18.83 million (as of the end of September 2021) in circulation.
The big problem with Bitcoin is its blockchain size. As of August 2020, this amounts to 285 GB. The system is therefore only scalable to a limited extent, as the technical requirements continue to increase and participants with insufficient storage capacities or graphics cards are excluded.
Ethereum (ETH)
Ethereum (ETH) is a second-generation cryptocurrency and provides the application basis for smart contracts for many other projects. Ethereum is therefore the basis for many other cryptocurrencies, for example for decentralised financial products or security tokens, without these having to build their own infrastructure.
Ethereum is not based on the proof-of-work principle, but uses proof-of-stake. This saves high energy costs, as computing power for transaction verification becomes unnecessary.
IOTA (MIOTA)
The technology coin IOTA (MIOTA) focuses on the Internet of Things and is thus a real insider tip. It is not based on blockchain technology, but uses the tangle as its core. This consists of several strands that connect nodes; individual points represent transactions.
Unlike in the blockchain, transactions are confirmed by two previous transactions - a permanent mutual control is therefore not necessary.
The more participants in the network, the faster it is. IOTA is therefore perfectly suited for microtransactions, for example in public transport (payment per metre). The coin is generally very promising:
The system is freely scalable
It enables any number of parallel transactions
as well as direct communication between machines
And thus cost-free transactions in the supply chain
Internal processes are completely automated
VW and Bosch have already entered the IOTA market.
Eleena Timmons