The top-performing cryptocurrencies guide

The top-performing cryptocurrencies guide for beginners can help you understand how to invest your money in any of these virtual currencies.

For potential investors and people who want to invest in cryptocurrency, they should learn more about the top-performing cryptocurrencies guide to help them.

What to know about the top-performing cryptocurrencies guide

The top-performing cryptocurrencies guide helps you to know about the current market cap rankings and information.

Before you think of investing in any cryptocurrency, you should learn more about the following coins. The following coins are made easier with the top-performing cryptocurrencies guide.

Here are what to know about these cryptocurrencies:

Bitcoin(BTC)

Bitcoin is the first successful cryptocurrency, which owns around 46% of the virtual currency market.

Pros:

Bitcoin is the most accepted and easy to trade in the current market.

It comes with sufficient resources online to learn more about the coin.

The top-performing cryptocurrencies guide helps you understand that bitcoin has a large community.

Cons:

The coin has a high transaction fee and scaling problem. That means that you can conduct your business within the shortest time with the coin.

The coin allows only 3 transactions per second and the transaction fee increases while miners are prioritizing transactions with a higher fee.

Consensus problem: With the top-performing cryptocurrencies guide, you will know more about bitcoin. Reaching an agreement can be challenging because of the large community.

Some solution to scale this problem includes bitcoin cash and SegWit.

Top-performing cryptocurrencies Guide: Ethereum

Ethereum is designed as a decentralized platform, which operates smart contracts written in Turing complete programming languages such as Solidity.

Pros:

Ether is required to execute code on Ethereum. Today, many projects are built on top of Ethereum,. That makes the coin to be the best long-term potential cryptocurrencies.

Cons:

Ethereum’s success depends on Ether. A future blockchain with similar features could replace virtual currency.

However, the supply of Ether has no limit, whereas the bitcoin supply is fixed to 21 million tokens.

Top-performing cryptocurrencies guide: Bitcoin cash(BCC)

Bitcoin cash (BCC) is a permanent branch of bitcoin that support people who do not want SegWit. That means that investors can make use of the same amount of bitcoin cash as the bitcoins.

Pros:

Bitcoin cash solves the scaling challenges of bitcoin by improving the block size from 1MB to 8MB. It speeds up mining time and lowers the coins’ transaction fee.

Cons:

It causes hash rate instability.

Top-performing cryptocurrencies guide: Ripple(XRP)

Ripple offers a private blockchain solution for banks and enables exchange between real-world currencies and cryptocurrencies.

Pros:

Ripple has a huge market. Ripple is adopted by financial institutes. When the coin is compared to traditional bank services, its network is secure and anonymous.

Cons:

With a top-performing cryptocurrencies guide, you can learn about the coin. Ripple is centralized and private unlike bitcoin and Ethereum.

Since Ripples a huge chunk of the coin, it means the risk of manipulated inflation and deflation. People do not have full access of the ripple network.

The cost of Ripple on the network cannot be offered to others. That means the coin is diminishing more and more.

Litecoin(LTC)

Litecoin  is a a clone of Bitcoin. It has the flexibility to implement technical improvements such as SegWit and the lightning network.

Pros:

The coin is fast with almost zero transaction fee compared to Bitcoin.  When it comes to mining, it is easier on Litecoin since it uses a new Proof of Work algorithm than bitcoin.

Litecoin was developed by former Google employee.

Cons:

The advantages of Litecoin over Bitcoin are reduced. Litecoin is a modified version based on bitcoin.