As cryptocurrency becomes more mainstream, we’re starting to see more and more cryptocurrencies enter the market. Many of these cryptocurrencies aim to solve real-world problems, either by enhancing an existing system or with new and exciting technology. Here are the 5 newest cryptocurrencies that you should keep an eye on in 2018 and beyond.
1) Cardano
Cardano is a new cryptocurrency that was created in September of 2017. It is similar to Ethereum in that it is a platform for smart contracts. However, Cardano claims to be more advanced than Ethereum, as it uses a proof-of-stake algorithm instead of proof-of-work. Cardano also has its own programming language, called Haskell, which allows for more flexibility when creating smart contracts. Right now, Cardano is the fifth largest cryptocurrency by market capitalization.
2) IOTA
IOTA is a newer cryptocurrency that has the potential to change how we interact with the internet of things. IOTA uses a directed acyclic graph instead of a blockchain, which allows it to have zero fees and be scalable. Because IOTA is still in development, it's hard to say how it will perform in the long run. However, its unique approach could make it a major player in the cryptocurrency market.
3) OmiseGO
OmiseGO is a new cryptocurrency that is based on the Ethereum blockchain. It allows for fast, cheap, and secure transactions. The team behind OmiseGO is experienced and has a good track record. The token sale was very successful, raising over $25 million. OmiseGO is a good choice for investors who are looking for a new cryptocurrency to invest in.
4) Basic Attention Token
Basic Attention Token is a new cryptocurrency that is shaking up the online advertising world. The token can be used to purchase advertising on the Brave browser, which is designed to block annoying ads and trackers. The BAT team has some big names behind it, including Brendan Eich, the co-founder of Mozilla Firefox.
5) Verge
A new cryptocurrency that's been getting a lot of attention lately is Verge. What makes Verge unique is its focus on privacy and anonymity. Transactions on the Verge network are untraceable and unlinkable, meaning that no one can see who is sending or receiving funds. This makes it a great choice for those who value their privacy. Another thing to like about Verge is that it's designed to be ASIC-resistant, meaning that it can't be mined with specialised hardware.