Most Profitable Cryptocurrency
Cryptocurrency basically is the medium of exchange which is used to conduct financial transactions. A cryptocurrency is a digital form of money that exists online only as it is built on Blockchain Technology. Cryptocurrency is not under the control of any central authority and hence it can be sent and receive directly between two people via the use of private and public keys and this exchange can be done with minimal processing fees.
Currently, there are over one thousand plus different cryptocurrencies available in the market such as- Bitcoin, Litecoin, Namecoin, Peercoin, Ripple, Ethereum, Jings Coin, etc. Each of these Cryptocurrencies works the same that is the large data log of information namely transactions. Cryptocurrencies are purely digital and there is no option to take out these cryptocurrencies in paper or coin form. The most common one is Bitcoin as it was the first Cryptocurrency created and it is the most widely used cryptocurrency in the world.
Some of the Most Profitable Cryptocurrencies to mine are –
Mining provides a decentralized way to issue Cryptocurrency. It ensures that the new coins are produced in every 10 mins. Which is the time to mine a single BTC block.
So, nowhere is the list of some Most Profitable Cryptocurrency to mine in 2019-
Bitcoin is the world’s first Cryptocurrency which is launched in the year 2009 and it is the first Decentralized Cryptocurrency and that’s the reason people consider it as the Most Profitable Cryptocurrency still. A peer to peer computer is used to mine the bitcoin and verify its transactions on a decentralized network.
Bitcoin’s Lightning Network which is already reducing the transaction fees and also reducing the confirmation time to one second. This eliminates the biggest drawback of bitcoin.
Some of the advantages of bitcoin are-
Lower Fraud Risks for Buyers
Bitcoin makes it possible for buyers to complete the payment without leaking any information related to their Debit or Credit cards to the seller.
There is basically zero risks of Inflation with Bitcoin. Inflation usually occurs when the Government issues more money in the year, decreasing the purchasing power on the whole.
Transaction fees for Bitcoin are lower as compared to other transactions done using the debit and credit cards.
Easy to use in any Situation
Bitcoins can be used in any country without going to contact local banks for currency conversion or something.
No Involvement of Third Party
As we know the entire transaction of bitcoin is peer to peer hence there is no involvement of any kind of third party. No one can freeze or claim your coins. Bitcoins cannot be stolen nor seized by the government in any circumstances.
By all the above advantages Bitcoin is considered as one of the Most Profitable Cryptocurrency in the Market.
Litecoin is an open-source software project which is released under the MIT/X11 License. Litecoin is ranked as the world’s 4th largest Cryptocurrency in the market as it is currently trading at the US $44. Litecoin provides the Superior storage Capacity and the confirmation of the transaction is fast and that’s the reason that makes Litecoin one of the Most Profitable Cryptocurrency to mine in 2019.
Some of the advantages of Litecoin are-
Litecoin can process a block in every 2.5 minutes as it results in faster transaction confirmation.
84 million Litecoins are expected to be produced by the Litecoin Network which is four times the circulation of Bitcoin network.
Litecoin Mining is easier to perform as it uses the script Encryption algorithm.
Major Platforms supports Litecoin trading including 58 coins and Litecoin is comparable to Bitcoin in terms of security and recognition.
A high upper Limit in Number of Total coins-
The upper limit to invest or to mine in Litecoin is 84 million which is high in number as compared to Bitcoins.
Ravencoin is built on the code of Bitcoin and was launched on January 3rd, 2018. It is also an Open Source ‘Peer to Peer’ blockchain which is designed to handle and transfer of assets from one user to another. Ravencoin focuses on assist transfer which is based on Bitcoin and Ethereum as Ravencoin is an American made blockchain. The reason for gaining the popularity suddenly is just because of the credit goes to X16R algorithm that it uses for proof-of-work mining.
Ravecoin has no pre-mine, no ICO And No founder’s bonus, unlike other blockchain projects. As the price has been struggling with exchanges the economics of mining Ravecoin has been challenging.
If you want to mine on a large scale then Raven could be a better strategy. Whether you want to mine or want to purchase, Ravencoin is worth picking up.
Monero is one of the most advanced privacy coins, Monero is based on the algorithm known as CryptoNight. One can easily mine Monero just by downloading its software on PC and that’s the reason it is considered as one of the Most Profitable Cryptocurrency to mine as compared to others. To guard the network and validate transactions it uses proof of work mechanism. The design of Monero is resistant to the application- specific integrated circuit (ASIC) mining, so that one can also mine other Cryptocurrencies.
When the first Cryptocurrency based on Cryptonote technology appeared the story of Monero started in the year 2012.
Monero is the perfect Cryptocurrency if you care about privacy as it mixes the Public key and makes it impossible to discover the destination address.
Resistance to ASIC mining-
Monero can be profitably mined using CPU’s And GPU’S.
As we know there is a problem in Bitcoin, as it has the limits and sometimes one, have to wait to make new transactions. There is no such problem with Monero as it is Limitless.
Monero is an absolute decentralized system so Nobody can stop your transaction. Nobody can allow users to do what they want.
Vertcoin uses a Lyra2RE proof-of-work algorithm to validate transactions. Vertcoin is compatible with GUI (Graphical User Interface) miner that simplifies mining for both CPU and GPU users. Vertcoin supports AMD and NVIDIA graphics cards. Vertcoin offers low harsh rates as it is a Scrypt-N coin.
Everyone having a personal computer should be able to join the Vertcoin network.
Vertcoin is the first Cryptocurrency to implement Stealth Addresses, it is the new technology for providing privacy on the public ledger.
The difference between Vertcoin and Bitcoin is the latter’s resistance to centralized mining and long term promise of Vertcoin developers to keep in same way
Vertcoin is another version of Bitcoin using Lyra2Rev2 as an algorithm.
JINGS COIN is one of Most Secure Cryptocurrency than any other cryptocurrency you have used before. JINGS COIN is the decentralized public platform that runs based on Blockchain. It is the currency which is based on Wonder Material, also it is an attractive way to support participation and benefits from the revolution of JINGS And that’s the reason it is considered as one of the Most Profitable Cryptocurrency to invest in 2019. JINGS COIN is the first Cryptocurrency based on Revisionist material.
Advantages of JINGS COIN- ·
JINGS COIN is available 24*7 and you can sell or buy it 24 hours a day unlike other traditional stock markets. ·
JINGS COIN uses the DCA method in a more automated fashion which will let you set the desired amount of JINGS COIN you want to purchase. ·
JINGS COIN is the most secure cryptocurrency that runs on a custom-built blockchain. ·
JINGS COIN features faster transaction confirmation times and also improves the storage efficiency than any other leading currency.
JINGS COIN insurance product provides the peace of mind that is as safe as possible from theft as it is the Most Secure Cryptocurrency. There are many other coins that are best to mine in 2019 and the list of the coins doesn’t end here, In the coming future of crypto-currency, we can see many other coins in this list which will be profitable, good for mining and investing. The above list of coins is the top 6 most profitable cryptocurrency according to me and my experience.
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