Bitcoin, Ethereum, Dash – Which are the best?

There are over 800 cryptocurrencies / crypto assets in circulation and it is important to understand the differences as well as use cases before making a decision to invest.  Crypto’s are not equal – Some are “me too’s”, some have specific uses and some have Unique Selling Points.

 

 

#1 PAYMENT SYSTEM AND DIGITAL CASH

BITCOIN – A digital and global payment system that allows people to send or receive money across the internet to anyone, anywhere, anytime. Store of Value, Backed by mathematics and Proof vs trust

Why BITCOIN?

Growing adoption by Developers, Consumers, merchants, Government, Institutions driving price
Natural Hedge against Fiat Currencies
Only 21 million to be created which will increase the value of Bitcoin over time

More Information – What is Bitcoin? 

 

#2 SMART CONTRACTS

ETHEREUM – A decentralized platform that runs smart contracts which are applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference

The Ethereum token, Ether, is transferred between accounts and used as compensation to nodes for computation

Why ETHEREUM?

Business Adoption – Enterprise Ethereum Alliance connects enterprises, startups, academics, and technology vendors with Ethereum experts

Developer Adoption – Easily write decentralized applications (Dapps) using blockchain technology

Ability to develop Initial Coin Offerings known as ICO’s

More information – What is Ethereum? 

 

 

#3 ENCRYPTION

EOT – The “Encryption of Things” is a process whereby physical items, which are linked to the internet, are being safe guarded against intrusion by the use of cryptography

Open Source and Decentralized, Secure and Fast Transaction time

Why EOT?

For use in physical devices such as the BitVault – It is estimated that more than 20 Billion devices will be connected to the internet by 2020 – these devices need to be secured with encryption

New Opportunities – Developer Platform

More information – What is EOT? 
Click here to go to EOT Website link

 

#4 GLOBAL INTER-BANK PAYMENTS

RIPPLE – Using Ripple, banks can meet growing demands for faster, low-cost, on-demand global payment services for any payment size

Ripple is built on a distributed open source Internet protocol, XRP ledger, and the currency is XRP

Why RIPPLE?

New revenue opportunities, Lower processing costs and Better customer experience

Growing number of Financial Institutions joining the Ripple Global Payment Network – More information here

 

 

#5 BLOGGING

STEEM – Steemit is a social news platform that pays users with digital currency called Steem for posting blogs or videos – Also earn Steem for “upvoting” good content

Why STEEM?

Earn while you Blog

Open your Steemit account and start blogging! CLICK HERE

There are crypto’s with unique selling points such as speed, privacy, anonymity, and examples are Dash, Monero and ZCash

 

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