The digital financial market does not stop, and an example of this is the continuous creation of projects that, in one way or another, benefit its users; that is the main thing, where its decentralized characteristic is the first attraction to Virtual currencies.
We could be facing a stage of stagnation, but this has already happened before; the downward trend that cryptocurrencies are experiencing today is not a new scenario; it already happened in 2018; the difference is that we are facing a crypto market more positioned and established.
It’s all a matter of waiting a bit to see existing projects like Bitcoin consolidate even more. Then, projects like the ones described below begin to emerge, which shows other perspectives of the digital currency ecosystem.
Ripple speed is its biggest attraction.
It is a cryptographic project whose main objective is to offer financial entities in the traditional market an option to evolve and immerse themselves in the digital market; it is the option of a closed ecosystem where the services and products of the various financial companies are merged.
With the inclusion of this market sector, the concepts of commissions, the large number of complex requirements, and the platforms of each entity could be eliminated.
With this project, the transfer of cryptocurrencies is proposed easily and quickly, without leaving aside the fact that it does not generate any commission per operation.
Its intention is not to generate competition regarding the cryptocurrency to choose. Still, it is aimed solely and exclusively at people whose primary intention is to mobilize amounts of money in the form of Fiat currencies.
Stellar the replacement of banks and payment processors
When Bitcoin was released, the expectations were diverse; many immediately considered it the currency of the future, and others assumed that it would be a scam; the only thing is that it was pretty acclaimed since the world was going through one of the economic crises and more complicated financial
Although it is currently one of the most expensive digital currencies, if we look at its market capitalization, it leaves aside all the negative assumptions around it.
Stellar option stands out, which according to its creators, could be postulated as the most viable cryptocurrency in the crypto market, carrying out financial transactions in an economical, accessible, and fast way.
It describes itself as the new financial system, where international operations are independent of traditional banking entities. Its main objective is to offer a new concept of decentralized finance where payment processors and other conventional financial entities would be replaced by their opportunities.
Transactions with this type of cryptocurrency usually have a minimum cost equal to zero, and the execution time is only seconds.
A transaction sent with Stellar reaches the recipient in a few seconds and is almost free.
An option whose value is maintained is Tether.
Considered the stablecoin par excellence, it could be the most popular and whose market capitalization is the highest in its range.
Its main characteristic is that it is backed by a legal currency such as the dollar and interacts with the blockchain platform naturally.
The fluctuation of these digital assets is usually minimal and, in some cases, null; everything depends on the movements that the currency that is anchored, in this case, the dollar, may have. That is why many people tend to consider it a valuable digital asset.
The essence of this type of project is to reduce the volatility of cryptocurrencies, offering stability to its users compared to the dollar.
Monero Privacy Project
It is considered the cryptographic project that offers the highest level of privacy where anonymity in transactions can be configured by default.
Various technologies guarantee merchants anonymity in their transactions, making their information more private, untraceable, and confidential.
This feature stands out against the properties of Bitcoin and Ethereum, which store their transactions in the transparent blockchain, which is why it is often compared to an accounting book.
The three main elements in a crypto transfer through Moneiro are hidden: the recipient, the amount, and the receiver.
Conclusion
We are facing a digital market that is constantly evolving, and it is just the beginning of the emergence of many cryptographic projects that will allow diversifying investments in digital assets.
Bitcoin has been the pattern to follow, and with the passing of days, all other projects hope to follow its successful scheme. In Bitcoin-Prime trading system, you will find more information.
