As the popularity of cryptocurrencies rises, brands are starting to jump into the market to take advantage of the growing market and provide education to newcomers. The peer-to-peer payment app Venmo is an example of an online community that provides easy-to-understand content about cryptocurrency. Government regulators and established finance brands are also navigating the challenges and opportunities of cryptocurrencies. Some think that the future of cryptocurrency is a wild ride, and this could be true.
With the growth of cryptocurrency, it is no surprise that older consumers are backing it. A survey of U.S. consumers showed that nearly half of those over 35 expect to invest in cryptocurrencies within six months. For consumers, crypto presents a new way to manage finances while offering freedom from traditional banking. Institutions are noticing the upsides of cryptocurrencies, and recently the U.S. Bank opened a cryptocurrency custody service for hedge funds.
Dash – An open-source, secure cryptocurrency that focuses on privacy and scalability. Dash has been dubbed the secretive version of Bitcoin due to its decentralized master code network. This makes it almost impossible to trace a Dash transaction. NEO – Formerly known as AntShares, NEO is the Chinese Ethereum. In the last few years, the broader community has been adopting the cryptocurrency as a means to diversify their investments.
Solana – The next big thing in cryptocurrency is the decentralized platform Solana. The blockchain Solana uses a proof of stake and proof of history to confirm transactions. This allows it to process 50,000 transactions per second and reach finality in 13 seconds. As the ecosystem continues to grow, so will the demand for Solana coin. The Solana coin will likely skyrocket.
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