Many digital tokens have appeared in the crypto space since the invention of Bitcoin. Today, over 2,100 coins exist on the market. Nonetheless, only a few of these digital currencies deserve a place in the top 10 depending on their characteristics in the crypto world. The past few months have seen major tokens dwindle in some areas regarding crypto trading.
This promising digital token came into the cryptocurrency ecosystem in June 2016. The coin is unique since it lets users mine by eliminating any extra cost which miners normally charge as a fee. All that needs to be done is to make two microtransactions. Thus, miners have no business with any transactions made unlike other coins that require users to pay for mining fee.
Hence, IOTA is an effective method of moving funds since it eliminates any extra costs. It has adequately integrated into the IoT (Internet of Things) in the cryptocurrency ecosystem. IOTA has immense potential for unlimited transactions per second. It also gives businesses and individuals laws that are easy to comply with.
We recently reported that Jaguar plans to reward its customers with IOTA (MIOTA) cryptocurrency. The biggest auto manufacturer in the United Kingdom announced on April 28 that it has begun testing crypto-related software. This software will let drivers get crypto rewards for sharing data.
Drivers can earn IOTA for sharing information like potholes or traffic conditions via automatic sensors connected to navigation providers or local traffic authorities. The digital token rewards could also arise from participation in ridesharing programs. IOTA’s tangle technology makes it immune to any form of hacking.
All these interestingly unique features justify IOTA to join the top 10 cryptocurrency league.
This token currently holds the 13th spot on the market capitalization list. It is well designed to allow a quick and swift transaction which overcomes the shortfalls in Bitcoin. Dash coins primarily focus on transactional speed and privacy. The users can make their transactions anonymous if they want to.
The crypto exhibits features like master nodes. It also has the capacity to send instantaneous payments making it reliable and special in the field of cryptocurrency trading. These unique characteristics make Dash to deserve a place among the top 10.
ZCash is a prominent token in the cryptocurrency ecosystem. It currently ranks at the 25th position on the market capitalization. It has gained much attention in the market ground. This token primarily focuses on using cryptography to enhance privacy for its users. ZCash has the same structure like Bitcoin but privacy is included.
The token gives total anonymity by providing a detailed account of all executed transactions by letting users have copies of their transactions. A majority of the executed transactions are published on a public blockchain. Hence, it is difficult to attempt indecisive practices when using ZCash.
Maker is currently the 20th largest cryptocurrency. Its Stablecoin Dai is the first decentralized stablecoin that went live on the Ethereum blockchain. It works excellently to attain stability in terms of crypto trading. Stability and volatility are key areas in the crypto trading space. Dai is pegged to the USD meaning that its value is always equal to that of the dollar.
Dai can stabilize the coin system serving as a practical solution for the rapid fluctuations in cryptocurrency trading. Thus, whenever anyone seeks stability in the always fluctuating crypto markets, Maker’s Dai is the best place to turn to.
Nicolas van Saberhagen introduced Monero into the crypto ecosystem in April 2014. Nicolas focused mainly on decentralization, privacy, and fungibility. Monero functions as a public ledger. No outsider can tell their source and destination. Monero, for now, ranks in the top 15 cryptos. XMR’s privacy and robustness are accountable for its rapid growth in market capitalization.
Moreover, Monero can be used as a safe exchange for other digital tokens. That characteristic (fungibility) makes it a unique coin. For anybody eager to learn about fungibility with regards to cryptocurrency, Monero is the best place to start. It features a private view key used in the verification and checking of the blockchain. The key ensures that a fund has been sent and received.
Additionally, a public spend key is used whenever a public address is generated and whenever signature verification on a transaction is required. Monero has all these interesting features which make it unique and special from other coins.
Based on unique characteristics, these five tokens deserve to be among the top ten in the crypto ecosystem. The tokens have shown a remarkable trend for the past few months. Coins like Dash and Monero are getting closer to the top10 putting the market cap into context. With time, the other three will also follow their way up the rankings.