In today's market with Bitcoin on the rise, it sounds great by the average person will never be able to enjoy the up side and make money because they can't afford Bitcoin. For the people that are just learning about Cryptocurrency the question with coin should we get involved in? There are over 3000 different cryptocurrencies on the market today what should a buyer look for when choosing a cryptocurrency? The first question is how long have they been around? The avg cryptocurrency has been around less than 2 yrs and 67% are gone with in the first 2yrs, so a buyer needs to look for a coin that has a real history like, Tron, Ethereum, ZCash, Troptions.Gold, Ripple are just a few that have some history. The 2nd question is what can you use the coin for, most of the coins on the marker are broke down in 3 categories,
Proof of Work (PoW)
In order to receive a reward for mining a cryptocurrency, miners must show that their computers contributed effort to approve a transaction. A variable is added to the process of hashing a transaction that demands that effort before a block can be successfully hashed. Having a hashed block proves the miner did work and deserves a reward β hence proof of work.
Proof of Stake (PoS)
Another alternative to proof of work, this caps the reward given to miners for providing their computational power to the network at that minerβs investment in the cryptocurrency. So if a miner holds three coins, they can only earn three coins. The system encourages miners to stick with a certain blockchain rather than converting their rewards to an alternate cryptocurrency.
Proof of Use (PoU)
Proof of Use (PoU) is when a cryptocurrency is used to buy goods and service or barter for goods and services and is not traded as a speculative coin for someone to buy low and sell high but used as a form of currency and leverage.
These are important when your looking to buy in to crypto currency world,
Bitcoin is a Proof of Work coin, and is also speculative people will buy it low and sell it higher.
Ethereum is a Proof of Stake coin you need to hold and mine at least 32 ETH.
Troptions.Gold is a Proof of Use coin you can use it to buy goods and services like cars, trucks, real estate and is use like cash it's not traded on an exchange so it's not a speculative coin that will take big swings going way up and way down it's more stable.
To learn more about cryptocurrency go to this glossary for the definitions go to: https://troptionsxchange.com/g...cy-blockchain-terms/
So keep these coin in mind when you're looking for your step into the cryptocurrency world!