With the development of the times, many high-tech technologies have emerged, and the blockchain is one of them.
Let's first look at what is a blockchain.
The blockchain is a new application mode of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithms. The so-called consensus mechanism is a mathematical algorithm for establishing trust and acquiring rights between different nodes in a blockchain system.
The blockchain is an important concept of Bitcoin. It is essentially a decentralized database and also serves as the underlying technology of Bitcoin. A blockchain is a series of data blocks generated using a cryptographic method. Each block of data contains a Bitcoin network transaction information to verify the validity of its information and generate the next block.
Well, now that we understand the blockchain, what do you think about investment blockchain? What should I invest in?
The first application of the blockchain is Bitcoin. It can also be said that Bitcoin is developed based on the underlying technology of the blockchain. Since then, the era of cryptocurrency has begun. And Bitcoin, it is the originator of cryptocurrency.
Now, more and more people are happy to invest in cryptocurrencies. Why? The rise of cryptocurrency is an inevitable outcome of social development.
Today, let's take a look at some of the more popular cryptocurrencies.
1.Bitcoin
Bitcoin is the most familiar virtual currency for global investors. In 2009, Satoshi Nakamoto created Bitcoin, which was also the first decentralized, marketable virtual currency.
At the end of 2016, due to the rise of the US dollar and other various factors, Bitcoin experienced a period of “extraordinary” and the price has steadily increased. By February 3, one Bitcoin can be exchanged for US$1,023.54.
2.Ethereum
Ethereum is software running on a computer network that ensures that data, as well as applets called smart contracts, can be copied and processed by computers on all networks without a central coordinator. Ethereum’s vision is to create a decentralized world computer that cannot be stopped, resisted (reviewed), and self-sustained. It extends Bitcoin's blockchain concept: Validating, storing, and copying transactional data on multiple computers worldwide (hence the term "distributed ledger"). Ethereum takes this concept a step further by making it possible to run code on multiple computers worldwide.
3.Litecoin
Litecoin is the abacus currency issued on October 7, 2011. Compared with Bitcoin, Litecoin has the following characteristics: 1. Faster. Litecoin's production speed is an average of 2.5 minutes per block, which is 3 times faster than Bitcoin, and 6 confirmations can be completed in 15 minutes. This is set for the convenience of merchant transactions. 2. The total amount is 4 times that of Bitcoin. The total number of generated litecoin 8 4000000. 3. Using Scrypt algorithm.
4.Ethereum Classic
The Ethereum Classic belongs to the Ethereum bifurcation, and its reputation is not as loud as Ethereum. The current market value is US$120,375,158.
But the Ethereum classic has already begun to become a strong name. As of press time, the ETC market value of this decentralized smart contract platform has exceeded 1.8 billion U.S. dollars. Only on May 24th of the 17th, ETC rose by as much as 55%, and the highest price had reached nearly 22 US dollars. The latest uptrend of ETC is really amazing and it has attracted a lot of attention.
5.NEO
NEO is a non-profit community-based blockchain project. It is a distributed network that uses blockchain technology and digital identities to digitize assets and uses smart contracts to automate digital assets and realize “smart economy”.
NEO officially launched the project in 2014 and started real-time on Github in June 2015. Since its establishment, the NEO team has witnessed the climaxes and troughs of the blockchain industry and the craze and cooling of the digital currency market. We believe that science and technology are the driving force behind the changes of this era. Under this impetus, NEO will enter a new “smart economy” era.
6.NEM
The new currency is a virtual currency that appeared in March 2015. However, the development of the new currency has been fairly stable and prices have continued to rise. The current market value is 60,105,870 USD.
The New Economy Movement (NEM/XEM, New Economy Movement) is a new type of digital cryptocurrency based on Java. Its block chain uses a newly invented synchronization solution based on proof of importance POI. It is said to be the first crypto coin that implements multiple signatures at the blockchain level. The NEM features also include: a complete point-to-point security system encryption information system and a reputation system based on the Eigentrust++ algorithm.
Of course, in addition to the currencies listed above, there are Altcoins, which are also good and very popular. For example, NAV, INK, they are also relatively potential, worth investing.
Finally, give everyone a proposal for investment: To make a proper investment without putting a small amount of money on the premise of not affecting normal life, there must be a mentality, play and loss does not matter.