Popular terms such as blockchains, Bitcoin, and Ethereum, may go over your head and that is ok you do not have to be an expert to embark on investing in crypto.
Cryptocurrency is a digital currency that is being used in many different cities around the world, which is currently being used as an alternative form of payment in some countries using encryption algorithms. The use of encryption technologies means that cryptocurrencies can function both as a currency and a virtual accounting system.
In this article, we will be exploring three cryptocurrencies that are pretty easy to invest in and understand how they work.
PARODY COIN (PARO)
We love a good presale, presales give you the chance to grab a cryptocurrency whilst it’s hot, or should I say cheap. The advantage of investing in it whilst it is cheaper is that once they launch officially, their prices tend to spike up and you can sell them and make a very good return in the future. Another great thing about the PARO presale is that the presale price, isn’t rumoured to go up before the launch and it is still going to be in the presale phase for another 32 days, so you do have time to invest. Parody Coin’s main concept is giving you full control, which is how they have enticed a lot of people, especially given the fact that they are linking with the BNB Smart chain.
The Parody Coin protocol is built on a token reflection model. This means users/investors of the platform are charged and then this is then distributed to various branches. Also, PARO has a lot of great features, one of the great key utility features is the Parody Swap, this lets users swap any crypto within any blockchain to an equivalent amount of Parody coins. Five benefits of being a part of a blockchain are; enhanced security, greater transparency, instant traceability, automation, and increased efficiency.
Litecoin is the second-largest cryptocurrency, originally made as an extension of Bitcoin, as it is part of the Bitcoin blockchain network, it was made to be used for fast, secure, efficient, and low-key payments. The aim of launching Litecoin was to help and improve Bitcoin in different ways. It also enables users to send coins very rapidly, its transaction processing speed is 54 per second and new blocks in the LTC blockchain, can be created within 2.5 minutes which is very impressive.
Ethereum is only second to Bitcoin in the capitalisation market, Ethereum was originally sold at $0.31 back in 2014 when it was launched and now ETH is predicted to be worth between $6,500 to $7,500 by the end of 2022. Ethereum is a technology that is home to digital money, global payments, and applications. The community built a thriving digital economy, new, inventive and bold ways for creators and other people to earn money online and so much more. It is accessible and open for everyone, wherever you are in the world as long as you have internet access.
Security is one of the things ETH prides itself on, as you do not need to fill out loads of personal detail forms to join the Ethereum app. ETH wants to build its foundation in an economy based on value, not surveillance. Another benefit of Ethereum is the peer-to-peer network it has created, which allows you to move money and make agreements directly with whomever you want, without the need of going through any intermediary companies.
To round up, these are some of the coins you would love to have in your cryptocurrency wallet, as they all come with their benefits and advantages, especially if you haven’t had any contact with the crypto world before and they could potentially make you very rich in the future.
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