Cryptocurrency is all anger now.
Everywhere, you see headlines with thousands of percent impressive profits for “coins” like Bitcoin. But what gives them value? When did you ever use Bitcoin?
The truth is that it is not practical at this time, mainly because of the amount of time needed to complete the transaction. But there are other coins out there that appear as a decent candidate to succeed Bitcoin as Cryptocurrency No. 1.
There are many things that need to be understood about the ins and outs of Cryptocurrency, but this article is more about finding investment opportunities than to explain the science behind them.
Bubble in Bitcoin?
One thing that is important to know is the concept of “mining.” This is the basis of Cryptocurrency. That’s the new Bitcoin made.
Simply put, “miners,” through special software, resolving complex math problems and valued with new Bitcoin as a result. Then, the transaction was stored in Blockchain, and the new Bitcoin was officially circulating.
Because more bitcoin circulates, mining them become more complicated and time consuming, and less profitable. So even though around 80% of the possibility of Bitcoin is circulating now, the latter will not be mined up to 2140.
Like most people know now, Bitcoin has seen a giant rally this year. In fact, around 1,200% over the past year, causing many people to think it in bubbles.
The total value of Bitcoin is currently circulating now more than $ 150 billion. If Bitcoin is a company, it will be in the biggest 50 largest in the United States.
I personally believe that the only reason Bitcoin is far more valuable than other cryptocurrency is because it’s the first to occur in the mainstream. But it’s still important. At the very least, give other coins developers to be repaired.
The good thing is that even if you think you miss a ship with Bitcoin, there are many other cryptocurrency out there. Of course, some are fraud, but others have real potential.
One that I believe has real and practical use called Dash.
Dash: digital cash
First, the Dash is in front of the game in terms of comfort. At present, Bitcoin transactions take about 10 minutes to an average hour. Dash is leaving a primary cryptocurrency that can be transferred instantly (in less than one second) between the parties, making it much more practical in buying goods online or in the store.
One of the most interesting features of the dashboard is that 10% of new coins are mined given to Dash Dao (decentralized autonomous organizations). Simply put, Dao is the Treasury of Dash. At current prices more than $ 600 per coin, which is $ 4 million per month that can be used.
It is important to know that there are no other coins that have this sustainable type of fund. With this money, Dash Dao can develop and market currencies.
Also, anyone can file an idea for the project to increase the value of the dash. Then, this project was chosen by thousands of dash developers. Examples will partner with stores to make a dashboard of a proper transaction tool for their items.
Of course, these developers make money from the dashboard, so that whatever is profitable and promoting currencies will be attractive.
This creates a circular effect, where the currency is valued in price because it is better to be funded and marketed, then Dao produces more money, and it is able to market more running.
Breakthrough for Dash
So far, Dash can be used in more than 300 physical stores and more than 100 websites to buy goods or services. But a breakthrough for it can come from the marijuana industry.
At present, the bank is not allowed to have something to do with marijuana transactions; Everything must be done in cash. Vendors can not even put money from their sales at the bank.