Cryptocurrency has been taking the world by storm in recent years. It is a booming market with more than 1000 cryptocurrencies available to invest in. Cryptocurrencies are digital currencies that use cryptography for security and regulation. Most of these currencies have become very popular because any central bank or government does not control them, making them decentralized. This blog post will highlight seven sustainable cryptocurrencies that you should consider adding to your portfolio if you're looking for some suitable investments.
Tron is a decentralized content entertainment protocol based on blockchain technology. It allows each user to publish, store, and own data freely. In the decentralized autonomous form, it decides the distribution, subscription, and push of content. It enables content creators by releasing, circulating, and dealing with digital assets, thus forming a decentralized content entertainment ecosystem. Tron has been gaining a lot of attention in recent months. It has jumped from rank 37 to rank 14 on Coinmarketcap, with its market cap increasing by more than 400%.
SolarCoin is an alternative digital currency that works like air-miles for Solar electricity generation. The goal of this sustainable crypto coin is to encourage solar electricity production by rewarding the generators of solar electricity. There are currently more than 35,000 solar installations registered in SolarCoin worldwide, which makes it a worthwhile investment.
Cardano is a decentralized public blockchain and cryptocurrency project. It provides advanced features such as inter-chain operability through coordinating with other blockchains, extremely secured privacy cryptography, contract codes on the chain, etc. Cardano's technology is built-in layers which give it the flexibility to be more easily maintained and allow for upgrades by way of soft forks.
BitGreen is a company that aims to provide clean and affordable energy to the masses by utilizing cryptocurrency in a review of Dan Hollings' The Plan. The process of energy production emits a lot of harmful greenhouse gases, which cause global warming. BitGreen's goal is to reduce emissions through their unique token incentive system where miners receive extra tokens for using green energy, thus encouraging them to use renewable energy.
Devvio is another blockchain platform that can revolutionize the way we transmit data. Devvio offers a fast, scalable and secure system to transfer any digital asset from one party to another. It uses a unique tagging system that prevents unauthorized access to data via off-chain transactions for processing data between parties which can be used as retirement planning. This allows Devvio to manage a large number of transactions with high security easily.
6. Stellar Lumen
Stellar Lumen is a platform that connects banks, payment systems, and people by allowing cross-border payments at no cost. Its primary focus is on the developing world, allowing for faster & cheaper transactions without any chargebacks. Stellar's price has increased more than 100% in under six weeks, so it's worth considering adding to your portfolio.
7. Hedera Hashgraph
Hedera Hashgraph aims to become a public distributed ledger for the storage and exchange of data. It uses a unique process called "gossip about gossip" to achieve consensus, enabling it to complete transactions in seconds and not minutes like other blockchains. Hedera Hashgraph is still at its ICO stage, so you'll need an invitation to buy their tokens.
Decentralized cryptocurrencies are the future, as they remove the need for trust in a centralized institution that regulates them by eliminating any form of human error. These seven currencies are just starting, so you can expect their value to increase exponentially over time if adoption keeps growing at its current rate. If you're looking for suitable investments to add to your portfolio, these currencies are worth considering.
About the Author
Patrick Watt is a content writer, writing in several areas, primarily in business growth, value creation, M&A, and finance. His other interests include content marketing and self-development. Say hi to Patrick on Twitter @patrickwattpat.