best crypto for long-term investment


Bitcoin may be the most famous cryptocurrency, but it isn’t the only one. 

There are now hundreds of other cryptocurrencies, and each one has its own purpose and value proposition that might resonate with you more than Bitcoin’s does. 

If you want to get involved in crypto beyond simply buying bitcoin, here are five cryptos you need to know about that aren’t Bitcoin.

So you can decide whether they could be worthwhile investments or projects to get involved with in other ways.

1. Litecoin

Litecoin was released in 2011 and is one of the most popular cryptocurrencies after Bitcoin. 

It has a shorter block generation time than Bitcoin, which can help speed up transaction times. 

Litecoin also uses a memory-hard, Scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have. 

This makes it easier for new miners to participate and contributes to decentralization.

2. Ethereum

Ethereum is a decentralized platform that runs smart contracts on a blockchain, which are applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. 

The Ethereum Virtual Machine makes the process of creating blockchain applications much easier and efficient than ever before. 

These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.

The Ethereum platform has been designed with privacy and anonymity in mind as well - it lets developers create cryptocurrency transactions with higher levels of security using cryptography. 

This means not only does your transaction get completed faster but it's also more secure because nobody else can see what information is included in the transaction.

3. Ripple

Ripple is a payment network and digital currency created in 2012. It's designed for banks, money transmitters, and other financial institutions. 

Ripple acts as both a cryptocurrency and a digital payment system. 

If a bank wanted to move $100 through the blockchain, it would cost $0.0003 in fees with Ripple while it would cost $0.06 on Ethereum or $0.001 on Bitcoin. 

As of October 27th 2017, Ripple has reached an all time high of 3 cents per coin

4. Dash

Dash is a cryptocurrency that was originally known as Darkcoin. 

Dash's goals were to be the currency of the dark web. However, due to legal reasons.

It rebranded in 2015 and focused on becoming an everyday currency for all uses, including funding businesses and peer-to-peer transactions. 

The name Dash comes from Digital Cash.

Dash has some features that set it apart from other coins like bitcoin. For example, transactions are fast (InstantSend), fees are low ($0.02 USD per transaction), and there is no wait time for confirmations (2.5 minutes). 

It also has a self-governing system where 10% of block rewards goes towards development projects which are voted on by DASH holders every 6 months.

5. NEO

NEO is a popular cryptocurrency that has a lot of potential for the future. 

NEO was once called Antshares but was rebranded in 2017 to better distinguish it from Ethereum, which also uses the word share. 

In fact, NEO's developers wanted their platform to be an open source project that people could use without permission. 

There are only two currencies on the NEO blockchain: The first and most important is NEO (formerly ANS), while the second token is GAS (formerly ANC). 

One GAS token can be created when one NEO token is spent. This incentivizes users on the platform, who are rewarded with gas tokens for holding or spending crypto.

Conclusion

We hope this list helps you find a crypto or two that's just right for you. If not, check out our blog on the most important cryptos other than bitcoin!