The growing popularity of cryptos implies a great deal of potential for the cryptocurrency market in 2022.
If you failed to buy Bitcoin during its early stage when it was trading below US$100, don’t despair, there are several altcoins out there.
A portmanteau of “alternative” and “coin” – altcoins belong to the second and third generations of cryptocurrency, while Bitcoin is considered the first.
However, some altcoins are bridging the voids left by Bitcoin, so they are extremely valuable.
With so many altcoins available, it’s natural to wonder which one is the best to invest in. So, we shall explore several altcoins and their salient features in this article.
Recent Article: Why these gaming cryptos are gaining the limelight
Ethereum
Ethereum is an open-source, decentralised blockchain system with its own crypto, Ether. Ethereum is a peer-to-peer network that is more private, resistant to censorship and open to all.
Ethereum was formed by eight people, with Russian-Canadian Vitalik Buterin being the most well-known.
Ethereum is a platform for decentralised smart contracts execution and a range of various cryptocurrencies. Smart contracts are internet-based computer programs that automatically carry out the necessary steps to comply with an agreement between multiple parties.
Moreover, the goal of Ethereum is to develop an alternative protocol for creating decentralised applications, with a different set of tradeoffs that are suitable for a wide range of decentralised applications.
On 30th July 2015, the Ethereum Foundation introduced the blockchain as a prototype codenamed “Frontier.” By September 2021, around 117.5 million ETH coins were in circulation.
People started staking on the Ethereum 2.0 network shortly after the Ethereum 2.0 Beacon Chain (Phase 0) went live in early December 2020. An Ethereum stake is created when a user sends ETH to deposit a contract on Ethereum 2.0 (32 ETH is needed to activate validator software).
In addition,…
