The Top Four Best Cryptocurrency to Invest in as a Beginner in 2022
With cryptocurrency booming and reaching its peak at over $ 43,000 per bitcoin, you can understand why people are starting to invest in this digital currency. But like everything technical, it can be difficult to understand how the world of cryptocurrency works, as well as what types of cryptocurrency you would invest your hard-earned money in. Fortunately for cryptocurrency noobs out there, this article will help you out! We have listed the top 5 cryptocurrency platforms you can invest in as a beginner.
Four Best Cryptocurrency Platforms for Beginners:
Solana is a dream-come-true for millennials who want everything instantaneously. The Solana cryptocurrency has one of the fastest transaction times where it can process over 50,000 transactions per second. Surprisingly, it also has a block time of 400 ms.
Solana, as a company, was founded by Anatoly Yakovenko in 2017. Anatoly was previously a Qualcomm employee. The Solana coin is one of the better alternatives to Ethereum. According to cryptocurrency experts, Solana also has very good potential moving forward. This is mainly because Solana uses a unique proof-of-stake and proof-of-history mechanism to achieve consensus, a move that allows for greater efficiency overall. Currently, over 26 million Solana coins are circulating globally. And its endorser? Well, it is former US first lady Melania Trump!
If you want to capitalize your money in a digital currency platform that operates similarly to Bitcoin (but cannot afford their ridiculously high prices, then your best bet would be to invest in Litecoin. The Litecoin network was founded by Charlie Lee, a former employee of Google and Coinbase. According to Charlie, Litecoin is the silver standard to Bitcoin’s gold standard in cryptocurrency.
Even though Litecoin operates similarly to Bitcoin, there are stark differences in different areas such as the speed of transaction, the time for block generation, hashing algorithm, and the maximum number of coins. Currently, Litecoin is valued at over $8 million. Security is also one of the biggest lures of Litecoin for crypto newbies, and they have the Microsoft Corporation backing them up – and you can never go wrong with Microsoft!
Chain Link is another cryptocurrency platform used by the Chain Link network. The objective of Chain Link is to streamline smart contracts by offering high-quality and reliable data feeds to businesses. This is so they can make use of that information to base contracts worth billions of trillions of dollars. These feeds are very helpful as it ranges from the financial market, weather, and even sports results! One of the most important inventors of the Chainlink network is Meta, Inc. Platform.
Cardano is one of the most successful blockchain ecosystems that do their business by offering smart contracts. Compared to other big players in the crypto industry, such as Bitcoin and Ethereum, Cardano is considered one of the newbie players. The CEO of Cardano is Frederik Gregaard. The Cardano philosophy is focused on “maximum adoption and maximum utility” to reach people in developing countries. This means that Cardano is one of the first coins focusing on the specific needs of developing nations.