Top cryptocurrency 2022

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Elena Klimovich

20:08 10/03/2022

294
Top cryptocurrency 2022

Every beginner miner faces the question - what cryptocurrency is profitable to mine now, in order to pick up the right equipment for it. Of course, a lot depends on your budgets, for example if you have a video card, then you will be fine with ether, and if an asic, then bitcoin.

So first of all you have to decide what your budget is and what you are ready to spend on: video card, ashik or whole farm. You can read more about what's better to choose for mining in 2022, an asic or a video card, here.

Best cryptocurrency to invest in 2022

  • Bitcoin
  • Ethereum
  • Litecoin
  • Monero
  • Zcash
  • Dogecoin
  • Dash
  • Ethereum Classic
  • Ravencoin
  • Bitcoin Gold

Top most popular crypto

1. BITCOIN

Bitcoin - top cryptocurrency. First cryptocurrency, founded by a man under the pseudonym Satoshi Nakomoto, on January 3, 2008.

The main goal of BTC is to keep confidentiality about payer and recipient, but allow to show payment details to other people.

Satoshi Nakamoto published a bitcoin white paper on October 31, 2008. In January 2009, the first test transaction was conducted, and in October 2009 bitcoin appeared on the exchange.

To keep bitcoin from depreciating, Satoshi Nakamoto invented the halvig, which passes every 210,000 blocks (every 4 years). Initially the reward to miners was 50 BTC, by 2021 the reward dropped to 6.25 BTC.

Halving will be repeated until about 2140 until all BTC (21 million BTC) are mined.

Characteristics:

  • First Release: January 3.
  • Rating: 1st place according to coinmarketcap and miningpoolstats.
  • Mining: Pow (SHA-256).
  • Block reward: 6.25 BTC (Every 4 years block reward is reduced).
  • Block size: 1 MB.
  • Time of finding a new block: 10 minutes.
  • Volatility: high. Profits are hard to predict.
  • Mining equipment: ASIC or ASIC-farm.

Cryptocurrencies price on March 09: $38,562.31 (coinmarketcap).

2. Ethereum

Ethereum is one of the top cryptocurrencies. A cryptocurrency founded by Vitalik Buterin in 2015.

Ethereum is a smart contract platform with which developers can create new Dapps applications.

Dapps applications have a large number of applications: creation of new currencies, applications, decentralized organizations.

ETH is the Ethereum cryptocurrency.

The essence of Ethereum is the development of an open-source blockchain platform.

In the Ethereum blockchain, the smart contract is a computer program that is automatically executed when assigned conditions are met. Blockchain eth runs the smart-contract code exactly as it is programmed.

Ethereum mining is based on the PoW (Ethash) algorithm. By the end of 2022, ethereum 2.0 is scheduled to be released and switch to PoS.

There is such a thing as "Gas" in the Ethereum network. Gas are transactions on the network that are responsible for executing various transactions across the entire ethereum network. So you need to spend Ether (gas) in order to make changes to the network.

Any computational function can be implemented on ethereum's internal code.

Characteristics:

  • Rating: 2nd place according to coinmarketcap and miningpoolstats.
  • Mining: Pow (Ethash). (In 2022 it is planned to switch to PoS).
  • Reward per block: 2 ETH.
  • Time to find a new block: about 12-15 seconds.

GAS - transactions on the network. At the moment, payment for GAS has become very high, it makes transactions in the network too expensive.

3. LITECOIN

Litecoin was created in 2011 as an improved version of bitcoin, with blocks generated every 2.5 minutes. In addition to fast block generation speed, Litecoin transactions are several times cheaper than bitcoin transactions.

Litecoin is now among the top 5 cryptocurrencies: 4th place according to miningpoolstats.

Characteristics:

  • Token: LTC
  • Algorithm: Scrypt. PoW.
  • Number of coins: 84,000,000 LTC
  • Reward: 12.5 ltc, per block (every 4 years the reward per block is reduced).
  • Block time: it takes 2.5 minutes to find new blocks.

4. Monero

A new cryptos compared to Bitcoin. Monero was created in 2014. Initially, the coin had another name - BitMonero. The cryptocurrency uses CryptoNote algorithm, which focuses on increased privacy of transactions. Monero uses circular signatures and address hiding to ensure privacy.

Characteristics:

  • Token: XMR.
  • Algorithm: CryptoNot. PoW. CryptoNot protocol provides anonymity of the highest level.
  • Number of coins: 18.4 million Monero (there is no final offer, because then Monero will continue to infinitely create 0.6 xmr per block).
  • Block formation time: 2.03 minutes.

xmr mining pools (number) - 61 pools are mining minero.

5. Zcash

Zcash is a decentralized cryptocurrency founded in 2016. The main advantage of zec is anonymity and confidentiality, which the main cryptocurrencies: btc and eth cannot boast.

Zcash uses zero-disclosure proof technology - zk-SNARK. This technology allows nodes in the network to verify transactions without disclosing information about them. Transactions in zec operate in two ways - transparently and securely. According to miningpoolstats rating zcash occupies the 11th place among the cryptocurrencies.

Characteristics:

  • Number of coins: 21 million ZEC.
  • Reward per block: 6, 25 ZEC.
  • Mining: PoW (Equihash).
  • Token: ZEC
  • New block time: 2.32 minutes

Transactions: There are two types of transactions - anonymous (z-addresses) and public (t-addresses).

Which crypto to buy

You can give your preference to the first 10 popular cryptocurrencies, from our article.

Or go to coinmarketcap, analyze cryptocurrencies, see the capitalization of coins, do market monitoring.

Also, it is better to give preference to several options at once, to diversify risks. Make your portfolio of 3-5 different cryptocurrencies. It may include Bitcoin, Lightcoin and a few new tokens, which in your opinion, should grow in value in the future.

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