The crypto market is ready for an upset. The older generation of cryptocurrencies such as Bitcoin and Ethereum are outdone in terms of technical capabilities. There are newer and fresher platforms built upon their predecessor’s successes to create some truly exciting protocols.
Ethereum is one of the best-known cryptocurrencies in the world. It would be impossible to deny that this crypto was pivotal in the development of the market to this point. If it wasn’t for Ethereum, there would have never been an ICO craze as most of these tokens were ERC-20 tokens.
While Ethereum is an able platform, it isn’t perfect. Its dated technological aspects make it linger behind some of the new contenders in the space. Also, as they often say, everybody wants a shot at the champ. Since Ethereum rose to stardom, newcomers have entered the market to challenge its position. Here are 5 cryptocurrencies that could replace Ethereum in 2020.
GSX is an investment token that pays holders yearly dividends. This gold backed stable coin is pinned to Apollo Financials 5,000 acre gold mining operation. Importantly, GSX holders are the actual trust beneficiaries and legal owners of all the land rights, gold, and all mining assets. You can even trade your GSX for physical gold at any time without penalty.
Another impressive fact about this coin is that these dividends are set to appreciate exponentially. The continual increase in the value of the land and gold backing GSX means higher future dividends for token holders. This strategy also buffers token holders against major losses in either market.
GSX utilizes the Apollo blockchain as its core protocol. As such, it’s the world’s only Quantum secured stablecoin. The platform also incorporates some next-level transparency protocols to keep investors informed. Specifically, the firm undergoes frequent third-party audits. You can get major discounts when you get GSX at GSXCDE.com. There is a pre-sale currently underway.
Apollo is the only fourth generation cryptocurrency in the world. This blockchain brings some remarkable capabilities to the sector. For example, Apollo is the fastest cryptocurrency in the market. It’s capable of thousands of transactions per second. On average, a transaction takes under two seconds. Most take under a second.
Apollo is also the only quantum resistant blockchain. Quantum computers are on the horizon. There isn’t much time to prepare. Leaving your investment strategy to chance could end up with you having to rush to move assets if these computers become more affordable in the next decade.
Apollo’s easy to use interface makes it so that anyone can create an advanced token in seconds without complex code. You don’t need any technical background to create, issue, and host an ICO with Apollo. Additionally, users can enjoy features such as Apollo atomic swaps, adaptive forging, Apollo updater, and node synchronization. Apollo is available at BitMart.com.
EOS was the first third-generation cryptocurrency to enter the market. This token was built from the ground up with one goal – take out Ethereum. EOS’s developers went to great lengths to create an extremely streamlined development process on this blockchain.
Their efforts were not in vain. EOS is becoming one of the top Dapp platforms in the market. There are already over 100 EOS-based Dapps under construction on the network. The more Dapps a platform has the more value it holds as Dapps are the gateway to users.
EOS is sure to unleash a variety of top-notch Dapps in the coming months. The platform offers zero transaction fees. You can literally send $1 million in EOS globally in seconds for free. It’s hard for other cryptocurrencies to compete with that. You can find EOS on most major exchanges.
LINK is the utility token for the Chainlink ecosystem. Chainlink is a blockchain of oracles. Oracles are sensors that have the ability to communicate information to and from the blockchain. For example, you could have a blockchain that monitors your loan and if you drop below a certain collateralized marker, it calls your loan in.
Oracles are one of the most interesting developments in the sector. They expand the functionality of blockchains considerably. However, they are sadly centralized. Their data has to be taken at face value in the current state because these oracles are not interconnected.
Chainlink connects these oracles and establishes some new protocols to keep the flow of data pure from oracle to blockchain and back again. Chainlink is able to compare the data retrieved from other oracles and review it to see what oracles are malfunctioning. These oracles are removed from the network.
BNB – Binance Coin
BNB is a utility token that continues to gain value due to its new functionalities and trading pairs. You can already save on your trading fees using BNB on Binance. There’s also a ton of trading pairs that make using BNB as your main trading pair a wise decision.
BNB users are now able to earn staking rewards using BNB. There are a variety of DeFi platforms that include BNB in their staking platforms. DeFi platforms allow you to stake your crypto, regardless of its type and earn a passive income. Staking makes BNB more valuable in the market as users enjoy the opportunity to earn some rewards.
Binance is the largest exchange in the world. These platforms continue to expand. Every new Binance platform means more value for BNB tokens. BNB was the first exchange token and helped to spawn a line of copy cats. You can get BNB at Binance exclusively.
5 Cryptocurrencies that Could Replace Ethereum in 2020
Ethereum is a great cryptocurrency there is no doubt, but there are some other platforms that excel in various niche markets that could chisel away at its network. All of these coins listed have their own special purposes that make them better suited for their core tasks. For now, any of these coins are a great investment for 2020. Just always do your DYOR and your ROIs are sure to be great.