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10 Best Alt coin to buy or invest in September 2022
Bitcoin has been the king of cryptocurrency for more than a decade now but as the market changes and new competitors rise, is now time to switch from Bitcoin?
Bitcoin experienced a huge bull run at the end of 2017 while most other coins plummeted to their lowest point. But many Altcoins have recovered and are worth investing in.
10 Best Alt coins to Invest in Right Now!
This article will give you 10 alternatives to Bitcoin that could be worthy investments or projects. These coins are selected based on three factors: price performance, potential for adoption and use, and team activity.
Let’s look at the top 10 altcoins that are good long-term investments.
NEO (NEO) is a cryptocurrency that can be used to digitize goods and services. The organization behind NEO is called: OnChain.
The management of the network relies on an advanced DPoS consensus mechanism where selected bookkeeper nodes are rewarded for confirming transactions and for keeping the system up-to-date. The PoS reward ensures that there are fewer malicious nodes in the system, and it also means that no one node can control or manipulate the blockchain arbitrarily.
NEO cryptocurrency operates as a smart contract platform; “smart contracts” have been increasingly growing in popularity across various industries especially over recent years but have not reached maturity yet due to technological barriers such as language barriers, syntax differences, compilation difficulties etc.
NEO is a cryptocurrency that uses the Delegated Byzantine Fault Tolerance (dBFT) consensus mechanism to reach consensus.
There are two types of bookkeeping nodes in NEO blockchain:
- Normal nodes: which are generally common users of the network, accounting for around 50% of the network. These nodes send transactions and blocks to backup nodes for consensus before propagating to the entire network. This feature is designed to reduce the risk of sending false information and subsequently increase transaction safety in the system. If a large number of normal nodes enter a malicious conspiracy, it may end up freezing transactions in the system via voting manipulation or even attempting double spending transactions.
- Backup nodes: around 20% of nodes in the network. These nodes maintain a full copy of the blockchain and act as watchdogs over the integrity of the blockchain, making sure that no one spends the same money twice or attempts double spending. If any malicious activities are detected, these backup nodes will deny their confirmation and hence prevent such malicious transactions from happening in the system.
NEO cryptocurrency uses a digital certificate to represent assets such as equity shares, bonds, commodities and so on; digital certificates can be used to replace traditional paper certificates to improve efficiency, reduce cost and increase transparency through digitization.
Apecoin is a cryptocurrency that has no central authority for transactions and Bitcoin’s proof of work algorithm. Therein lies both the strengths and weaknesses of this new coin.
Apecoin is considered to be one of the newer cryptocurrencies. So far, it has not had any major setbacks in its development. Apecoins are mined by miners using their GPUs to hash for blocks in which they can receive Apecoins as a reward for their work. Having said that, there are several factors that can influence the value of Apecoin, both positively and negatively.
The cryptocurrency market is currently unregulated by any central authority. This means that there are no rules governing this new and budding economy. Not many people understand what Apecoin really is and how they work.
However, as more people become informed about this currency, more of them will begin purchasing it as an investment or mere speculation. By doing so, they will increase the demand for Apecoin which in turn could cause an increase in the value of each coin.
Apecoin are heavily dependent on the Bitcoin ecosystem for which there are many benefits, such as increased security and anonymity. However, due to the unregulated nature of Apecoin, it is not secure in its own right. The lack of a central authority can result in a number of problems ranging from hacking to fraud and even loss.
To illustrate, perhaps the most interesting feature of this cryptocurrency is its proof-of-work function. The proof-of-work function enables users to receive coins every time they find a block. In order to find a block, miners must validate transactions by solving complex mathematical equations with their computers.
Dogecoin is a cryptocurrency typically considered to be a joke. It’s been around for just around two months, but in that time has quickly amassed an impressive market cap of $3.8 billion.
In the same way that bitcoin has been called “digital gold,” dogecoin currently feels quite similar as well. There are many similarities between Dogecoin (DOGE) and other cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH). However, there are some important differences between dogecoin and the rest of the crowd.
Hedera Hashgraph (HBAR)
Hedera Hashgraph is a distributed ledger system built on top of a consensus algorithm. The consensus algorithm is what makes Hedera Hashgraph unique, and prevents it from being copied and duplicated.
The goal of Hedera Hashgraph is to provide a much more efficient, faster and cheaper platform for data storage and transmission. Hedera Hashgraph is an open-source project with the aim of stimulating innovation in developing applications on a faster and safer platform that can be used across the globe.
Zilliqa aims to build a next-generation high-throughput blockchain that can optimize thousands of transactions per second. It’s hard to think of another cryptocurrency project as ambitious as Zilliqa. It’s designed from the ground up to be able to scale enough transactions per second for any application.
Zilliqa promises to be a new blockchain platform that will offer high-throughput, secure and scalable applications. Zilliqa aims to be faster than Bitcoin by up to 10 times for 1 million transactions per second, but it will also be cheaper by up to 90%. They are targeting blocksize of 12MB or more, which will allow the platform to be more scalable than Ethereum.
There are so many great features on the Zilliqa blockchain like smart contracts, DAG micro-transactions and fast transactions.
There is a wide range of applications that need to be processed quickly on a blockchain including mobile payments, stock trading, remittances and supply chain management.
Cardano is a decentralized and open source cryptocurrency that is operated on the blockchain platform. The currency was founded by Charles Hoskinson and Dr. Ken Kodama in 2015 and has developed into one of the most significant cryptocurrencies in the market, with a market capitalization of over $2 billion.”
The best way to get involved in the fintech solutions space with potential for huge returns is to invest in Cardano (ADA).
Cardano is designed to offer financial institutions a more secure and sustainable way to operate in the cryptocurrency ecosystem.
Cardano has a strong foundation of technical talent that includes former Ethereum co-founder Charles Hoskinson, chief scientist of Ethereum at IOHK Jeremy Woodard, DavidASM lead blockchain architect and former lead software developer at Deloitte.
Cardano (ADA) will have a competitive advantage over other cryptocurrencies because it can perform a number of functionalities that other options do not support. As an example, it will allow banks to transfer value securely across borders quickly, efficiently and cost-effectively.
Cardano (ADA) will require significant improvements over time to become a more functional cryptocurrency. For example, the code being developed has been heavily tested in production environments, but the team has not yet conducted extensive testing for performance and scaling issues.
Harmony (ONE) is an international, open-source project that focuses on a decentralized system of peer-to-peer transactions without relying on central authorities.
Harmony (ONE) Cryptocurrency is a cryptocurrency that was founded in 2018 and held its ICO in May of 2019. It is the first cryptocurrency to be built on the blockchain platform which allows for a peer-to-peer economy.
The main goal of the Harmony (ONE) Cryptocurrency project is to be a decentralized peer-to-peer platform that will allow for all operations such as smart contracts and decentralized applications to be executed in a trusted and safe environment. Harmony (ONE) Cryptocurrency has three specific areas where it wishes to improve upon the existing financial sector. This includes:
- Borderless transactions and payments
- Low transaction fees
- A payment system that will be accessible for anyone in the world to use
As mentioned above, the Harmony (ONE) Cryptocurrency project was created because of the lack of trust that has been found in centralized institutions such as banks and governments.
This lack of trust is migrating to a centralized financial system where people are required to give sensitive information such as their information and personal details. With this, it makes the detection of fraud and the prevention of financial crimes difficult to achieve.
Algorand (ALGO) cryptocurrency is a decentralized and open source public blockchain, which is the first to use a consensus mechanism that doesn’t rely on any kind of Proof-of-Work (PoW). Algorand uses an enhanced version of the Byzantine Agreement called BFT agreement.
Each time there is a transaction request, it has to be approved by both the majority of the node network and the majority of the nodes whose identity has been revealed. The system starts from an initial state where any two nodes are able to approve a transaction.
The set of nodes continually changes as new transactions are added or removed from the system until there’s one final set that can come to consensus on every transaction in order.
Algorand (ALGO) is a new kind of consensus system, with a primary objective to create a transparent blockchain network that allows businesses to make transactions without worrying about chargebacks.
AlgoChain is entirely open source and highly purchasable. Algorand (ALGO) is based on an oracle driven transaction system in order to achieve verifiability and compliance. The system needs no mining, therefore lowering the energy consumption through cooling.
The Algorand network offers a new platform that enables financial institutions and exchanges to utilize our advanced technology while building the next generation of financial applications.
Decentraland is a virtual reality platform powered by the Ethereum blockchain that makes it easy for users to build and experience shared 3D content and applications.
Decentraland (MANA) is used to buy LAND within their ecosystem that can be used for products, creative endeavors or even just personal amusement. For game developers, they will receive a percentage of the revenue generated while they are on their platform in exchange for hosting those games on their network.
Decentraland has a couple of consumer-friendly features that distinguish it from many other cryptocurrencies.
Firstly, Decentraland (MANA) is a cryptocurrency that not only exists as a digital asset but also has utility within the platform for users to purchase LAND. The users that purchase LAND early get better, more desirable parcels of virtual ground within their platform.
Secondly, their currency is not pre-mined, which means the creators of this cryptocurrency did not benefit from it before its release and have no special privileges like most other cryptocurrencies have. These are just a few examples of how Decentraland distinguishes itself in comparison to the rest of the cryptocurrency space.
In addition to the consumer-friendly features that Decentraland brings to the table for everyday consumers, it also has some features targeted specifically at developers. The development team of Decentraland is one of the best in their class because they have a history of innovation and success.
Chiliz is a decentralized ecosystem designed to facilitate communication, collaboration and community between gamers and game developers. This platform, powered by blockchain and AI technologies provides a unique experience for gamers, developers and various stakeholders.
With more than two billion gamers worldwide and a market cap of $100 Billion, the gaming industry is unlike any other. Chiliz aims to leverage game built-in currencies as well as integrating cryptocurrencies to provide an all-inclusive solution for gamers and developers alike.
The project has three major elements:
1) A digital currency that will be used by all participants of the ecosystem (gamers, game developers etc.);
2) A Blockchain based platform that will be used by gamers to communicate and collaborate;
3) An AI engine that will process in real-time data collected from the platform in order to provide users with personalized insights.
The goal of Chiliz is to become the standard of the gaming industry by providing fast, secure, and easy to use tools for all stakeholders within this ecosystem.
In order to achieve this, developers will be guided through an easy and hassle-free process through which they can access games that have already been developed as well as upload their ideas and with real-time data being processed by AI technology.
Chiliz (CHZ) is a cryptocurrency created to integrate Chiliz Platform and run on top of Ethereum blockchain.