Beyond Bitcoin, the 6 most profitable cryptocurrencies
Posted: Mon Jan 06, 2025 6:41 am
What is money? We can no longer limit it to bills, coins and credit cards. In fact, we can no longer even say that it is absolutely controlled by governments or central banks. There is a type of money that escapes physical boundaries, geographical boundaries and, of course, banking boundaries. We are referring to cryptocurrencies, digital money controlled exclusively by the people.
It is very possible that you have heard of Bitcoin and even used it at some point. Bitcoin was the first cryptocurrency that began to be used in 2009. And since then many others have appeared, with different characteristics and protocols. Ethereum, Litecoin, Ripple, Monero and many others. As a businessman, it is important that you have control over the most common cryptocurrencies, and also the most profitable ones.
Why should I be interested in cryptocurrencies?
If your business isn’t using any of india number data these cryptocurrencies yet, you might want to start incorporating them soon. When it comes to online financial transactions, cryptocurrencies have started to overtake payment services like PayPal or Stripe. Why?
Firstly, because cryptocurrency transactions do not need to be validated by a central entity . This means that there are no bank fees associated with payments. Only optional fees (of 1% or less) that speed up the transaction. In addition, we will reduce the time we have to wait to receive the payment .
Another important thing is that cryptocurrency is truly international. No particular government regulates them. This means that there are also no fees for payments that cross borders and the transaction works the same way regardless of where you are.
The only major downside to cryptocurrency is the need to sell it for any government currency . However, this process closely mimics the way PayPal funds are transferred to your checking account.
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Ethereum
Rather than competing with Bitcoin like many other cryptocurrencies, Ethereum complements it. Ethereum is not just a cryptocurrency. It is an operating system that allows users to create applications based on virtual currencies that can go beyond their simple financial use.
Ethereum can be used to create custom crowdfunding platforms, autonomous digital companies, and even its own cryptocurrencies. So if a person decides to set up an app to make transactions – or in other words, send money to other people – they can create their own virtual currency tailored to the service they want to offer.
However, the appeal of Ethereum does not lie in these coins, but in the contract that the system creates once we open the new application. As the Coin Desk website explains, “a contract is an automatic agent that the Ethereum system creates to receive and send transactions, and to keep the balances of those transactions.” This is what is innovative about Ethereum, which not only establishes a system that escapes the control of banks and monetary authorities, but also escapes the legal system.
Ethereum money is called Ether and is used by the platform's clients to make payments to other people or to machines that execute requested operations.
Litecoin
If Bitcoin were gold, Litecoin would be silver. Litecoin is a cryptocurrency that allows for instant, near-zero-cost payments to anywhere in the world. The advantage of Litecoin is that it provides faster transaction confirmation times than any other. It's a super-simple network for those who need to move small amounts of money quickly.
It is very possible that you have heard of Bitcoin and even used it at some point. Bitcoin was the first cryptocurrency that began to be used in 2009. And since then many others have appeared, with different characteristics and protocols. Ethereum, Litecoin, Ripple, Monero and many others. As a businessman, it is important that you have control over the most common cryptocurrencies, and also the most profitable ones.
Why should I be interested in cryptocurrencies?
If your business isn’t using any of india number data these cryptocurrencies yet, you might want to start incorporating them soon. When it comes to online financial transactions, cryptocurrencies have started to overtake payment services like PayPal or Stripe. Why?
Firstly, because cryptocurrency transactions do not need to be validated by a central entity . This means that there are no bank fees associated with payments. Only optional fees (of 1% or less) that speed up the transaction. In addition, we will reduce the time we have to wait to receive the payment .
Another important thing is that cryptocurrency is truly international. No particular government regulates them. This means that there are also no fees for payments that cross borders and the transaction works the same way regardless of where you are.
The only major downside to cryptocurrency is the need to sell it for any government currency . However, this process closely mimics the way PayPal funds are transferred to your checking account.
Centralize all aspects of your business!
With Holded you can do a lot of things, but to get started, you don't have to know everything.
Learn more
Ethereum
Rather than competing with Bitcoin like many other cryptocurrencies, Ethereum complements it. Ethereum is not just a cryptocurrency. It is an operating system that allows users to create applications based on virtual currencies that can go beyond their simple financial use.
Ethereum can be used to create custom crowdfunding platforms, autonomous digital companies, and even its own cryptocurrencies. So if a person decides to set up an app to make transactions – or in other words, send money to other people – they can create their own virtual currency tailored to the service they want to offer.
However, the appeal of Ethereum does not lie in these coins, but in the contract that the system creates once we open the new application. As the Coin Desk website explains, “a contract is an automatic agent that the Ethereum system creates to receive and send transactions, and to keep the balances of those transactions.” This is what is innovative about Ethereum, which not only establishes a system that escapes the control of banks and monetary authorities, but also escapes the legal system.
Ethereum money is called Ether and is used by the platform's clients to make payments to other people or to machines that execute requested operations.
Litecoin
If Bitcoin were gold, Litecoin would be silver. Litecoin is a cryptocurrency that allows for instant, near-zero-cost payments to anywhere in the world. The advantage of Litecoin is that it provides faster transaction confirmation times than any other. It's a super-simple network for those who need to move small amounts of money quickly.