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5 Cryptocurrency Recommendations for Millennial Investments

5 Cryptocurrency Recommendations for Millennial Investments - It is undeniable that an increasingly advanced era makes humans continue to develop in various sectors. One of them is in the Cryptocurrency sector, although it is still relatively new, this sector has experienced a fairly rapid increase, so that by using crypto we can conduct business transactions globally without having to worry about currency inequalities between countries.

Here we will reference some cryptocurrency coins suitable for future investment:

1.Solana

SOLANA is a cryptocurrency running on the Solana blockchain, Solana is predicted to be a prospective long-term competitor to Ethereum.

Here are the many advantages of solana for future purchases:

1. Solana has an interesting mining system

Solana's blockchain technology is truly unique. Solana unifies the proof-of-stake deal algorithm with the cryptocurrency's own proof-of-history mechanism. This means that business transactions are processed sequentially, working as a first-in, first-out mechanism.

This speeds up business transaction times for all networks, while keeping costs low (transmitted at less than $0.01 per business transaction). Traditional mining tends to process business transactions at a higher price first. However, with this mode, business transactions are processed sequentially.

2. Solana Increases Interest in NFT

As one of the prospective “Ethereum killer” altcoins sought by investors, Solana has demonstrated an astonishing power to drive development in various ways.

One of the things that investors focus on is the convenience of customers to make online purchases using USDT. This sets Solana apart from other big hat crypto tokens.

However, one of the most talked-about uses of Solana recently is the non-fungible token market (NFT). Through Solanart, the NFT marketplace on the Solana network, NFT investors have the power to buy and sell reputable NFTs.

3. Solana as Fast Coin

Solana is the fastest crypto right now. He claims that he can process a minimum of 50,000 transactions per second (TPS) for less than $0.01 per business transaction. Not only does this compete with Visa's payment processing power, but Solana explains that it can run even faster with hardware upgrades giving Solana the potential to reach 700,000 TPS. In fact Ethereum processes 15 to 45 TPS, although it gets faster as it expands to Eth2.

4. Alternatives to Ethereum (ETH)

Solana is one of the few blockchains that can be sequentially programmed to complete business transactions based on position, not size of business transaction.

Some people speak of Solana as the “Ethereum killer”, but Ethereum is likely to become one of the top five or six leaders in the next few years.

If Solana continues to display a fairly impressive performance, Solana has a great chance to win a place in the top flight.

2. Binance (BNB)

Binance Coin is a cryptocurrency issued by the Binance Exchange and traded under the symbol BNB. As of June 2021, Binance Exchange is the largest cryptocurrency exchange in the world, supporting more than 1.4 million business transactions per second.

BNB has many advantages including:

BNB has a great ecosystem: BNB is a token with tremendous growth, both in price and utility. If the Binance ecosystem can grow, giving the BNB token more use, the price will follow.

The constant burning of the BNB token will help increase the price significantly. So overall, BNB continues to be a good investment in the medium to long term.

3. Polygons (Matic)

Polygon allows users to connect directly to an Ethereum compatible network. Users can create new chains, add Ethereum chains, and create their own currency. This allows users to take advantage of the security that Ethereum has to offer while avoiding hefty fees.

There are currently 6.78 billion MATIC tokens in circulation, with a maximum supply of 10 billion MATIC. Polygon uses proof of stock mode to confirm business transactions. Proof-of-stake works by using validators to secure your tokens. Hence, they can be rewarded for confirming business transactions.

4. Avalanche (Avax)

Avalanche was launched in 2020 by Ava labs and is a competitor to Ethereum and the basis of smart contracts. Avax is a platform where any developer can create custom blockchain networks and decentralized programs (dApps). Avalanche provides Ethereum Virtual Machine (EVM) support, making it easy to introduce crypto from Ethereum to Avalanche.

The core of Avalanche is a subnetwork (subnet) called the primary network.

The main network contains 3 blockchains namely:

  • The exchange chain ( X-Chain) is used to create and trade crypto assets.
  • The platform chain (P-Chain) will allow users to create new blockchains and new subnets. In addition, it can also be used to track active subnets and coordinate transaction validators.
  • C-chain is used to Create Smart Contracts