Nowadays, the cryptocurrency market is a veritable alphabet soup of new and exciting tokens. It’s hard to track them all, but if you’re looking for some primed to take off shortly, we’ve rounded up our top picks for 2022 below.
Bitcoin SV is a Bitcoin Cash (BCH) blockchain fork and is backed by Australian tech entrepreneur Craig Wright. They created the business with Bitcoin on Nov. 15, 2018, after some miners refused to adhere to a software upgrade that would have increased BCH’s block size from 32MB to 128MB. The result is an entirely new coin that shares its history with BCH but has its network, hash rate, and difficulty adjustment algorithm.
In addition to being an advocate for Bitcoin SV, Wright is known for claiming he is Satoshi Nakamoto, the name used by the anonymous figure. However, he has never been able to prove this claim publicly.
IOTA(MIOTA) was founded in 2015 by David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Dr. Serguei Popov. IOTA is a cryptocurrency designed for the Internet of Things (IoT), meaning it’s meant for microtransactions between Internet-connected devices.
It’s also designed to eventually power the world’s machine economy, which means its value can grow as more people use it to buy and sell things like groceries or cars online.
This makes it a great investment choice because many companies already use IOTA tokens in their businesses.
The NEO MainNet was launched in October 2016 and supported decentralized commerce, identification, and digitization of various assets. NEO is often referred to as the “Chinese Ethereum” because it is similar to Ethereum in many ways but also offers some key differences:
Ethereum uses Ethash, while NEO uses NeoScrypt. This means miners are rewarded with GAS instead of Ether (ETH) for securing the network using their computing power. The GAS token powers operations such as smart contract deployment or token creation on the NEO platform.
To earn GAS, you must have your wallet connected 24/7 to a server that automatically detects when you have generated blocks and rewards you accordingly.
Zcash is a fork of Bitcoin. It’s based on the same open-source protocol but was built to add privacy and security features.
Zcash is a cryptocurrency that uses cryptography to enhance privacy and security. They forked it from Bitcoin, which means it started with the same code and functionality as its parent coin.
Zero-knowledge proofs allow users to prove that they know something without revealing other information about themselves. This can be helpful if you want to make purchases anonymously online without worrying about your identity being stolen by hackers or identity thieves who may try selling your information online later on down the road;
Private addresses use zk-Snarks instead of public keys so that only someone with access codes can send money directly into an account;
Tezos bills itself as the “last word” in cryptocurrencies. Another interesting facet of XTZ is its on-chain governance system. This means you can upgrade the network without having to hard fork it as long as a majority approves the changes made to their protocol.
These changes include upgrades to security and performance, which are often implemented through hard forks by other blockchains.
Tezos’ Proof of Stake consensus algorithm makes it one of the more energy-efficient cryptocurrencies out there, with each XTZ coin capable of staking up to 100 times per day at just a 1% annual inflation rate.
The platform also has a decentralized voting system where users can vote on proposals for improving themselves and their environment. This makes Tezos one of only a few blockchains where stakeholders have any say in how things work.
We have told you the best time to buy cryptocurrency is now. You can buy and sell these cryptocurrencies with bitcoin trading software. The market is still relatively new, and investors have many opportunities to make a profit. Be sure to research before making any purchases, and always be prepared for the potential risks associated with investing in cryptocurrencies.
I hope you found this article helpful! If you would like to learn more about cryptocurrency, check out our other articles on the subject.