5 Best Bitcoin Apps to Use in 2020 [Updated]

Saturday, 22 February 2020

5 Best Bitcoin Apps to Use in 2020 [Updated]

Posted by Madhu Gupta
Cryptocurrency is a digital asset that uses cryptography to secure financial transactions. Cryptocurrency is a potentially great digital asset for investment. Some cryptocurrencies have better options for investment in 2020. 

Best Bitcoin Apps
Despite the international trend of cryptocurrency devaluation in 2019, some coins still possess excellent potential for making quick and long-term ROI. It uses decentralized control, and Bitcoin is widely considered the first cryptocurrency under decentralized control.

Top 5 Bitcoin Apps to Use in 2020

The popularity and return received from bitcoin have led to the development of several thousand cryptocurrencies. Here are the top five cryptocurrencies that you should ideally invest in based on their safety and returns:-

1. Litecoin

It is very similar to the father of cryptocurrency i.e., Bitcoin. Lite coin has been developed in such a way so that it can complement Bitcoin. Many of the shortcomings of Bitcoin and covered in the features of Litecoin. Charles Lee developed it in 2011. Unlike Bitcoin, the coin limit here is 84 million compared to 21 million, and the block generation time is 2.5 minutes.

The initial reward here is 50 Litecoins. Efforts are being made to scale its security. Even though its market capitalization is far below Bitcoin, it is one of the most popular cryptocurrencies in the world right now, with over 50 million coins in circulation. Litecoin is filling the potholes of bitcoin and presenting it as their road.

2. Ethereum

Ethereum is not a cryptocurrency. It is a computing platform and operating system. It has a cryptocurrency under it called ether, which uses this system to ensure that every person gets the right amount in their deal. Like Bitcoin, ether is also decentralized i.e.; it is not regulated by any government, monetary authority, or company.

Since ether is decentralized, it can be used to make payments without revealing our identity. Ether is only behind Bitcoin and is the second-largest cryptocurrency in the world. Currently, there is more ether under circulation compared to Ethereum. It is trying hard to provide stiff competition to Bitcoin. If you want to earn $5489 in the next 24 hours then try bitcoin era recensioni for free.

3. Monero

Monero is a secure and untraceable currency. Since its launch in April 2014, it has become very popular in the world. The unique thing about it is that it has been developed entirely with the help of public donation and has been community-driven since day one.

Like its counterparts mentioned above, it is also decentralized, and there is an added feature in Monero to tighten the privacy, which uses a unique feature called ring signatures. Due to such features, it has earned the reputation of being one of the most secure cryptocurrencies in the world.

The technology and techniques used by Monero have been an exceptional and important contribution to the world of cryptocurrencies.  The cyberspace has witnessed significant improvement due to Monero.

4. Libra

This is a cryptocurrency that has garnered attention even though it hasn’t been launched yet. The only reason is that Facebook is developing it. Since 2018, there have been rumors which were later confirmed by Facebook that they are developing their cryptocurrency. 

The fact that Facebook is developing it brings credibility to Libra even before its launch. It is scheduled to be launched in 2020. Facebook, along with Instagram and WhatsApp, has the widest reach possible and has already started garnering attention across the world. 

The launch of Libra will raise the eyebrows of people in the cryptocurrency world. Facebook aims to take the cryptocurrency market by storm with Libra. It would be comparatively easier for them due to their wide reach and brand. 

5. ZCash

Zcash has been successful in cementing its position in the cryptocurrency market. The unique selling point of this its security and privacy. Zcash has taken extra efforts to make increase security beyond what is offered by similar cryptocurrencies like Bitcoin. Many techniques go into play to ensure privacy to the users, which include cryptography and zk-SNARK. 

Due to the high-end privacy offered by the Zcash, people can anonymously trade, which makes it a popular hideout for scammers. Zcash is often regarded as the next big thing in the cryptocurrency market as it is similar to bitcoin plus the added security and privacy. 

It rewards the miners with 12.5 per block, and the amount cuts by half every four years. It also receives stiff and sturdy competition from Monero, which is also known for its security.

Final Words

These cryptocurrencies do not guarantee assured returns. In the end, all of this depends on the market conditions which keep on fluctuating with time. Even when people are finding different cryptocurrencies with different features to invest it, Bitcoin has been the best cryptocurrency. Being the first among its counterparts has helped it in gaining brand loyalty. 

Moreover, bitcoin has always been on a league of its own. The future of cryptocurrencies looks bright from every side and corner. People are moving towards a cashless society, and it's moving at a rapid pace. This shift seems to be the turning point for the cryptocurrency market.

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