DEV Community

loading...

Which Cryptocurrency is Best?

whitebitcoin2 profile image Whitebitcoin ・2 min read

If one is planning to invest in cryptocurrencies in recent times they should go through this article. With over 5000 cryptocurrencies out there in the market, choosing which is the best cryptocurrency to invest in is no easy task to do. But here are the details regarding Cryptocurrency, one could ever need before investing.

To start one cannot even think about any other cryptocurrency other than Bitcoin. Bitcoin is the most widespread and famed cryptocurrency. This popularity of this digital currency is one of its biggest advantages and gives it an edge against other performers in the market.

White Bitcoin (WBTC) a variant of traditional bitcoins :

How does it work?

WBTC (White Bitcoins) uses blockchain technology that is an advanced technology that uses blocks of info attached to one single thread. Every block can hold to 1MB space, and that means it can hold thousands of transactions in one block. As the blockchain is a public ledger anyone could be easily joined to new chains for transparent new transactions.

White Bitcoin- most effective and secured value storage technology.

To understand why it is secure and effective, view the below points:

● Independent - Nobody gets to know where one is storing their money and where one is
Spending it. Banking and government are not tangled in any of the transactions.

● Discreet –No one can trace any bitcoin-related transactions of sales or purchases.
Bitcoin transactions create an anonymous bitcoin address for every transaction. However, that does not imply that any of the transactions are not traceable. And what it implies is that these transactions are less apparent than any other payments.

● User-based P2P transactions are the key ingredient because cash can flow either way between two parties without interference from anyone.

● Banking fees – No banking fees like OD or minimum banking charges to be paid or any other facility charges to be paid to the bank.

● Easiest International payments – No need to wait for any approval from anyone and easy payments to international charges without any mediators.

● Safest online payments – If one uses bitcoin there is not any trouble one has to go through for saving their banking details. Any safe payments through Bitcoin is possible.

● Broad access – Bitcoin has taken over banking and credit cards and with Bitcoin, you can make all the transactions easily.

One can choose any cryptocurrency but at lower risks and better returns, White Bitcoins (WBTC) is the best and safe.

Discussion (0)

Forem Open with the Forem app