Whether you consider a buzzword, a bubble, or just a passing phase, cryptocurrencies like IOTA (MIOTA), Ripple (XRP), Litecoin (LTC), and Dash (DASH) are using blockchain technology for more than just creating digital currencies. The idea of cryptocurrency and blockchain is still relatively new in terms of being in the spotlight, but their ideas have been developing for years. 2018 will usher in a new era of digital trial-and-error technologies where the World will figure out how it will use the emerging blockchain technology and the cryptocurrencies created along with it. So, what makes these four cryptos so special and why are they growing like they are in beast mode?
IoTA is Tangling the Competition using DAG
Unlike more media front cryptos, IoTA uses a different approach to the blockchain technology, known as DAG (digital acyclic graph) which is more notably run on their innovative Tangle network that reduces transaction fees, and speed by running an interrelational connection or tree-like expansion protocol which is clearly different than typical blockchain's direct linking node structure. This enables IoTA (MIOTA) to scale and is not hindered by transaction fees or quantity caps, unlike other blockchains. IoTA and Tangle is the first micro-transactional tool that allows the transfer, tracking, and transactions of smaller values.
Cryptocurrency Ripple (XRP) is Making a Splash with New Communications Head
Ripple is certainly running into the cryptocurrency and payment solutions market with a major splash, delivering a huge cannonball sized wave of speed and payment conversion efficiency. Ripple has centered itself as a payment solutions option that is using blockchain technology to engineer a network of seamless currency transfer and conversions, with most transactions taking no longer than four seconds. Shortly after a stunning tripling of its worth in just one week, Ripple employs former Facebook's Communications Manager Tom Channick as their Head of Communications. A new faster, more reliable, and safe payment method is upon us. 2018 is bracing itself for the forthcoming Ripple Effect.'
Litecoin (LTC) Is Beefing Its 2018's Blockchain Tech up with Insane Updates
That's right; you heard me right. Litecoin has rolled out with some impressive protocols on their network. From their MAST, Lightning Network, and Atomic Swaps project to their innovative Covenants blocks that allow continual bounding and perfectly complements with Colored Coins initiative. Since its birth, Litecoin has seen steady growth, but 2018 will mark the year of Litecoin's catapult into a top cryptocurrency and blockchain investment.
Dash is starting to prove to be more than just a growing cryptocurrency as its value sees large spikes. This Blockchain baby is making incredible moves in the Point of Sales (PoS) industry by using a personally developed API that operates on the idea of existing on Master nodes, which still carries out the tasks of a full node, except it is paid out weekly in efforts to completely balance the global ledger. Dash's overall initiative is to improve and scale their PoS and cryptocurrency network in preparation for 2018's large unveiling.
Cryptoverse: Bubble or Bankworthy?
What looks like a mere passing bubble has actually been an on-going snowball effect since the birth of the internet. While the idea behind the cryptocurrency is still being sorted out, and so is the solidification of different crypto values, the technology that drives the cryptocurrency craze is also going to be the same technology that will be behind some of the most innovative and game-changing technology especially in the banking and identity sectors. A more secure and trusting future is upon us. Authenticity works where information security technology has failed us. Are you ready for real privacy and security?