Want to save money for your retirement? Investing in cryptocurrency could be the best option for you.
A cryptocurrency is defined as the digital coins that exist on the decentralized ledger known as the blockchain. Beyond everything, digital currency has expanded and grown drastically since Bitcoin was introduced. There are thousands of cryptocurrencies that exist in the market. Among all the crypto coins, Bitcoin is constantly leading in terms of popularity, user base and more.
Now, let’s have a look at the best protocol coins to invest in.
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0x (ZRX)
Have you ever heard about the 0x protocol? Many times right! The 0x protocol is a distributed and decentralized exchange protocol for ERC20 coins. One of the key reasons to choose 0x protocol is “open-source”, yes you’ve heard it right. Additionally, the 0x protocol has its native protocol coin i.e 0x (ZRX).
The key idea of 0x (ZRX) is simple, their founding team members strongly understand there will be several decentralised applications and protocols that should easily interact or connect with each other. Also, these protocols synergize to offer excellent service to their investors in the upcoming days or future. A user doesn’t like to handle or manage several coins for multiple purposes every time, and that is where 0x protocol will offer a pleasant experience.
0x protocol coin service within the coins allows publishers to charge a price for the service. Additionally, 0x (ZRX) owners are allowed to engage in 0x (ZRX) protocol coin governance.
Loopring (LRC)
Loopring works similarly to 0x protocol coins but in a pretty different way. The protocol coin is an “open-source decentralized exchange protocol” for the ERC20 protocol coin. Also, it connects the on-chain settlement agreements and off-chain order books. These will make strong and successful trades. Loopring protocol can be easily deployed on several platforms ranging from NEO to Ethereum. Make sure, these protocols have the ability to run a smart contract.
Loopring has its native coin i.e LRC. The native coin is used to expedite charges between the investor and Loopring’s miners. These will help order sharing and matching to fulfil the purchases at special prices and will take LRC in the return for offering their service.
Loopring (LRC) allows the cheapest trading and payment charges on Ethereum. The protocol is highly secured. Simply put, Loopring (LRC) is the non-custodial exchange, audited, open-source and payment protocol. The platform assures digital assets or tokens are always under investors or user control.
Lisk (LSK)
Lisk (LSK) is the powerful blockchain protocol available in the market. The ultimate goal is empowering crypto developers to build DApps or excellent blockchain applications. Keeping it simple, Lisk will make it easier for the developers to build and deploy DApss by offering necessary tools in JavaScript.
There are several reasons to choose Lisk (LSK)
- Open source – Lisk (LSK) products are open-source. Developers can access their products without any permission.
- Rooted in Javascript(JS) – Their team is committed to highly popular coding language i.e JavaScript.
- Customizable – Users can develop DApps with complete flexibility
Get started and build blockchain applications or DApps that are compatible with Lisk (LSK). You don’t need to be a technical expert to use Lisk. As the platform uses JavaScript and other scripting languages
Lisk (LSK) wallet is another reason to choose this protocol coin. Users can easily access and manage their tokens with ease. They can send coins or vote for required delegates. Lisk will combine the features of the crypto wallet with the high transparency of the blockchain explorer. Download the Lisk wallet and access the tokens on the move.
Filecoin (FIL)
Filecoin protocol is a popular “Decentralized Storage Network” construction that has been built on the blockchain network. It has its native coin i.e FIL. On the Filecoin protocol, clients around the world will spend FIL tokens to store and retrieve information from the decentralized network. Also, crypto miners will earn FIL coins by storing and retrieving information for their respective clients. Filecoin sounds similar to Sia but works in a different way. “IPFS” is the backbone of Filecoin(FIL).
Filecoin is especially destined to store the important information of the people. Another reason to choose Filecoin (FIL) is an effective cloud storage marketplace (open-source).
The Filecoin network has successfully achieved staggering economies of scale just by allowing people to participate as the “storage provider. Also, people can monetize their hard drive space without hassles. FIlecoin (FIL) is designed to provide exciting rewards for its participants at several levels ranging from small entrepreneurs to massive data centres with storage systems. Ultimately, storage providers can simply combine their hard disks to win storage offers, store important information and earn FIL.
THETA (THETA)
Theta is an interesting protocol coin to discuss. Theta is the leading and popular native crypto coin available in the market. As the Theta cryptocurrency is built on an open-source protocol. Therefore programmers and network partners across the world can create DApps with the help of Theta.
In other words, Theta is a p-2-p video streaming or delivery platform supported by blockchain technology. Similar to other popular cryptocurrencies, Theta works on the “Proof-of-stake” consensus method. Also, Theta offers video distribution and real-time rewards. Additionally, investors use the Theta for building decentralized applications via open-source blockchain.
Ethereum (ETH)
It’s no surprise that Ethereum (ETH) is the leading and oldest protocol in the cryptocurrency niche after Bitcoin (BTC). Vitalik Buterin has introduced Ethereum, the ultimate aim of this project is to pay for the gas with its native coin i.e ETH.
Ethereum (ETH) is running thousands of DApps successfully. Ethereum is an excellent option for global transactions, apps and digital money. The Ethereum community is allowing new ways for investors to make money online with ease. Ethereum is open to everyone! All you need is an internet connection to buy, sell or store Ethereum coins.
Ethereum (ETH) has a pre-defined coding language i.e Solidity. It is mostly used to write the decentralised applications and also smart contracts on the ETH blockchain. Ethereum is further used in operation executions on these DApps and smart contracts. Another reason to choose Ethereum (ETH) is hosting over 90% of decentralized applications (DApps) and smart contracts around the world.
Wrapping up
Cryptographic and Blockchain tokens have successfully introduced the investors or developers to a set of protocols that can simply be monetized. Also, protocol coins also help people to create immense value for their people. Apart from the listed protocol coins, there are a few other coins such as NEO, Qtum and Sia. Choose the protocol coin according to your requirements.
