While Bitcoin is ten years old, what European crypto-currencies should you know?



[ad_1]
<div _ngcontent-c14 = "" innerhtml = "

There are currently more than $ 100 billion worth of Bitcoin in circulation around the world.

Next week marks the tenth anniversary of Satoshi Nakamoto's release of the first white paper on bitcoin. With $ 2 billion in daily transactions in the cryptocurrency, the Bitcoin: a peer-to-peer electronic payment system It can be seen that the global financial system has been completely revolutionized.

Nakamoto whose identity has never been revealed published its white paper with the intention of creating a decentralized digital currency that does not depend on a central bank or a single administrator and can be sent from user to user on a peer-to-peer network without intermediaries.

Initially, Bitcoin was used in black online markets such as Silk Road, but its use quickly spread. The programmer Laszlo Hanyecz completed the first commercial transaction using Bitcoin in 2010, when he bought two Papa John's pizzas with 10,000 Bitcoin. It is now accepted by many big companies, from giants of Microsoft technology to the Overstock home retailer.

In Canada,

KFC
even launched a "Bitcoin Bucket", where hungry consumers could buy chicken and waffle chips worth $ 20 in Bitcoin. The deal ended up being so popular that KFC actually sold out its "Bitcoin buckets".

Cryptocurrency has also been approved by some of the world's most successful businessmen.

"[Bitcoin] It's a remarkable cryptographic achievement … The ability to create something that is not duplicable in the digital world has tremendous value … A lot of people will be creating businesses on top of that, "said Eric Schmidt, executive chairman of

Google
.

His remarks were echoed by the co-founder of

Microsoft
Bill Gates, who said that Bitcoin is "a technological feat".

The cryptocurrency currently in circulation amounts to $ 16,858,762, which represents an incredible sum of $ 108,654,552,502, more than the total nominal GDP of Israel, Switzerland and Saudi Arabia. According to a study conducted by the University of Cambridge, nearly 5.8 million people were also using a cryptocurrency portfolio in 2017, the majority of them trading in Bitcoin.

The United States has long been considered a center of cryptocurrency with some of the most successful digital currencies, such as Ethereum,

Ripple
, Dash and ZCash.

However, Europe is catching up quickly. ICO's fundraising in Europe has reached $ 4.1 billion since the beginning of the year, compared with $ 2.6 billion in the United States and $ 2.3 billion in Asia.

European governments have increasingly introduced "do no harm" regulation, as in Gibraltar and Malta, which has attracted investors and entrepreneurs, while many states have granted capital gains tax exemptions From the sale of cryptocurrencies, as in Germany or Switzerland. The continent also has an almost total coverage of the Internet and bank accounts, which means that its population also has the necessary conditions to support fintech innovation and encourage cooperation, with groups of popular cryptographic encounters throughout Europe, such as P2P Ghent in Belgium, Bitcoin. Bucharest in Romania and Coinscrum in the United Kingdom.

As Bitcoin celebrates a decade of success, what are the emerging European cryptocurrencies that investors and entrepreneurs should know?

Miota

Founded by Norway's David Sønstebø and Dominik Schiener, an Italian chain operator, MIOTA is a unique cryptocurrency designed for the Internet of Things. Rather than rely on a blockchain infrastructure to manage its general ledger, MIOTA transfers use an acyclic directed graph (AGD) called "entanglement."

The advantage of using an "entanglement" is that it forces the sender in the transaction to make both a payment and validate it, eliminating the minors and thereby generating a fully decentralized system. This approach means that users can conduct transactions for free, making it the ideal tool for SMEs or those who are not familiar with the cryptocurrency industry.

Its creators believe that MIOTA can be used to revolutionize the microtransaction industry, offering transactions with confidence, but at the same time, it also increases security by removing third-party checkpoints.

MIOTA is determined to monitor the speed of its network as the number of users of its platform increases. As cryptocurrency grows in popularity, it becomes more appealing to users.

You can currently purchase a MIOTA token for $ 0.49104.

LSK Token

For those working in the fintech industry, seeing the LSK Token on this list should not be a surprise. Lisk the Swiss-based company that launched the token made headlines after launching one of the most successful crowdfunding projects in history, bringing together more than 14,000 Bitcoins in capital during its initial offer in coins.

Thanks to the positive media attention generated by its crowdfunding and strategic partnerships with major players in the sector, such as Microsoft, the LSK Token has exploded in value. At the end of 2017, a chip was worth $ 17, but it should exceed $ 100 in early 2018.

Parent company Lisk has launched a block chain-like distributed network of applications similar to Ethereum, using smart contracts based on LSK tokens and support for JavaScript.

The company launched a new mobile-enabled app in February this year, which was praised for its user-friendly nature, as its network is expected to expand further and the value of the LSK Token will increase as it continues to work. . with top companies like Microsoft.

Aeternity

Aeternity, headquartered in Liechtenstein, has been touted as the successor to blockbuster Ethereum, which aims to avoid the scalability problems that hit its rival. The similarities between the two are inevitable, the Bulgarian co-founder Yanislav Malahov being closely associated with the launch of Ethereum and thus bringing a wealth of experience similar to Aeternity.

Aeternity aims to allow consumers to exchange cryptocurrency, but on a faster network than the one currently known with Ethereum and with lower fees. The company also hopes that its network will foster user-friendly innovation by allowing not only consumers to create distributed applications on the network, but also by allowing other tokens to elevate ICOs on its platform.

The company held its ICO in May this year, raising approximately $ 70 million to develop its own unique blockchain network. Miners using the platform vote to make decisions on how to adapt or develop Aeternity in response to market trends, making it an unusually democratic offer.

An Aeternity token can currently be purchased at a price of $ 1.32, which represents a significant increase over October 2017, while it was valued at $ 0.28.

">

There are currently more than $ 100 billion worth of Bitcoin in circulation around the world.

Next week marks the tenth anniversary of Satoshi Nakamoto's release of the first white paper on bitcoin. With $ 2 billion in daily transactions in the cryptocurrency, the Bitcoin: a peer-to-peer electronic payment system It can be seen that the global financial system has been completely revolutionized.

Nakamoto whose identity has never been revealed published its white paper with the intention of creating a decentralized digital currency that does not depend on a central bank or a single administrator and can be sent from user to user on a peer-to-peer network without intermediaries.

Initially, Bitcoin was used in black online markets such as Silk Road, but its use quickly spread. The programmer Laszlo Hanyecz completed the first commercial transaction using Bitcoin in 2010, when he bought two Papa John's pizzas with 10,000 Bitcoin. It is now accepted by many big companies, from giants of Microsoft technology to the Overstock home retailer.

In Canada,

KFC
even launched a "Bitcoin Bucket", where hungry consumers could buy chicken and waffle chips worth $ 20 in Bitcoin. The deal ended up being so popular that KFC actually sold out its "Bitcoin buckets".

Cryptocurrency has also been approved by some of the world's most successful businessmen.

"[Bitcoin] It's a remarkable cryptographic achievement … The ability to create something that is not duplicable in the digital world has tremendous value … A lot of people will be creating businesses on top of that, "said Eric Schmidt, executive chairman of

Google
.

His remarks were echoed by the co-founder of

Microsoft
Bill Gates, who said that Bitcoin is "a technological feat".

The cryptocurrency currently in circulation amounts to $ 16,858,762, which represents an incredible sum of $ 108,654,552,502, more than the total nominal GDP of Israel, Switzerland and Saudi Arabia. According to a study conducted by the University of Cambridge, nearly 5.8 million people were also using a cryptocurrency portfolio in 2017, the majority of them trading in Bitcoin.

The United States has long been considered a center of cryptocurrency with some of the most successful digital currencies, such as Ethereum,

Ripple
, Dash and ZCash.

However, Europe is catching up quickly. ICO's fundraising in Europe has reached $ 4.1 billion since the beginning of the year, compared with $ 2.6 billion in the United States and $ 2.3 billion in Asia.

European governments have increasingly introduced "do no harm" regulation, as in Gibraltar and Malta, which has attracted investors and entrepreneurs, while many states have granted capital gains tax exemptions From the sale of cryptocurrencies, as in Germany or Switzerland. The continent also has an almost total coverage of the Internet and bank accounts, which means that its population also has the necessary conditions to support fintech innovation and encourage cooperation, with groups of popular cryptographic encounters throughout Europe, such as P2P Ghent in Belgium, Bitcoin. Bucharest in Romania and Coinscrum in the United Kingdom.

As Bitcoin celebrates a decade of success, what are the emerging European cryptocurrencies that investors and entrepreneurs should know?

Miota

Founded by Norway's David Sønstebø and Dominik Schiener, an Italian chain operator, MIOTA is a unique cryptocurrency designed for the Internet of Things. Rather than rely on a blockchain infrastructure to manage its general ledger, MIOTA transfers use an acyclic directed graph (AGD) called "entanglement."

The advantage of using an "entanglement" is that it forces the sender in the transaction to make both a payment and validate it, eliminating the minors and thereby generating a fully decentralized system. This approach means that users can conduct transactions for free, making it the ideal tool for SMEs or those who are not familiar with the cryptocurrency industry.

Its creators believe that MIOTA can be used to revolutionize the microtransaction industry, offering transactions with confidence, but at the same time, it also increases security by removing third-party checkpoints.

MIOTA is determined to monitor the speed of its network as the number of users of its platform increases. As cryptocurrency grows in popularity, it becomes more appealing to users.

You can currently purchase a MIOTA token for $ 0.49104.

LSK Token

For those working in the fintech industry, seeing the LSK Token on this list should not be a surprise. Lisk the Swiss-based company that launched the token made headlines after launching one of the most successful crowdfunding projects in history, bringing together more than 14,000 Bitcoins in capital during its initial offer in coins.

Thanks to the positive media attention generated by its crowdfunding and strategic partnerships with major players in the sector, such as Microsoft, the LSK Token has exploded in value. At the end of 2017, a chip was worth $ 17, but it should exceed $ 100 in early 2018.

Parent company Lisk has launched a block chain-like distributed network of applications similar to Ethereum, using smart contracts based on LSK tokens and support for JavaScript.

The company launched a new mobile-enabled app in February this year, which was praised for its user-friendly nature, as its network is expected to expand further and the value of the LSK Token will increase as it continues to work. . with top companies like Microsoft.

Aeternity

Aeternity, headquartered in Liechtenstein, has been touted as the successor to blockbuster Ethereum, which aims to avoid the scalability problems that hit its rival. The similarities between the two are inevitable, the Bulgarian co-founder Yanislav Malahov being closely associated with the launch of Ethereum and thus bringing a wealth of experience similar to Aeternity.

Aeternity aims to allow consumers to exchange cryptocurrency, but on a faster network than the one currently known with Ethereum and with lower fees. The company also hopes that its network will foster user-friendly innovation by allowing not only consumers to create distributed applications on the network, but also by allowing other tokens to elevate ICOs on its platform.

The company held its ICO in May this year, raising approximately $ 70 million to develop its own unique blockchain network. Miners using the platform vote to make decisions on how to adapt or develop Aeternity in response to market trends, making it an unusually democratic offer.

An Aeternity token can currently be purchased at a price of $ 1.32, which represents a significant increase over October 2017, while it was valued at $ 0.28.

[ad_2]
Source link