Crypto is a hot asset class – we look at 5 cryptocurrencies you need to buy to future-proof your investment portfolio.
Unlike “fiat” paper money issued by governments, cryptocurrencies are made out of code and backed by network adoption.
This is what makes them so special; there is no centralized system that deals with cryptocurrency (one major downside), and this decentralization has many benefits like making cryptocurrency impossible to steal and anonymous.
There are many different types of cryptocurrency to invest in, but some are more promising than others. The following are some of the best cryptocurrencies to provide you with high returns on your investment:
1. LuckyBlock (LBLOCK)
You want to make money, but you don’t have the time or the skills to do it. Lucky Block is a cryptocurrency and blockchain lottery that will give you an opportunity to win big fast and get rich quickly. Its unique smart contract guarantees transparency of the whole process.
The lottery industry is a multi-billion dollar business. It has been around for centuries, and it continues to grow year after year. However, the current lottery system is not faultless. Its biggest drawback is that only a few people win big while the rest lose money in vain.
Lucky Block’s blockchain technology will enable you to participate in an international lottery network where everyone can play and win.
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2. Bitcoin (BTC)
Bitcoin is the original cryptocurrency and was first released as open-source software back in 2009 by an individual or group who goes by the alias of Satoshi Nakamoto. It works on a peer-to-peer transaction system known as the blockchain.
This means that all transactions carried out using Bitcoin are instantaneous and anonymous – making it a very popular choice for many. As there is no centralized control of Bitcoins, they can also be used in shady areas such as buying drugs on the darknet.
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3. Litecoin (LTC)
Litecoin is a cryptocurrency and a payment system invented by Charlie Lee. It is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware.
Litecoin provides faster transaction confirmations (2.5 minutes on average) and uses a different hashing algorithm than Bitcoin, namely Scrypt, instead of SHA-256.
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4. Ethereum (ETH)
Ethereum is an open source peer-to-peer cryptocurrency. It was built on blockchain technology, which is also sometimes referred to as distributed ledger technology.
Blockchains are shared ledgers of all transactions in the network arranged in blocks. These can’t be altered and are available to everyone.
Transactions that take place on the blockchain are publicly visible, and Ethereum has its own currency called Ether.
Ether is like a vehicle for moving around on the ethereum network. It is a form of payment made by clients to servers for completing tasks such as computations or other forms of data processing.
In return for these services, the clients receive Ether as a reward. Transactions that take place on the Ethereum blockchain are recorded and verified by computers around the world.
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5. Yearn.finance (YFI)
Yearn Finance platform is a collection of DeFi products that provide users with an opportunity to earn a profit on their digital assets through smart contract platforms. YFI is the native digital currency of the platform. What sets it apart from the rest is that its products that offer yields anywhere between 25% and 35%.
Your capital is at risk
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