Bitcoin (BTC)

This crypto enables users to execute open peer-to-peer trades thanks to blockchain. Although anybody can monitor its activity, one can only decrypt any of the transactions using the owner's "private key". Bitcoiners influence the transmission and reception of funds, which ensures their untraceable transfer across the globe.

Litecoin (LTC)

Litecoin is a fully decentralized, open-source worldwide payment system. With an 84 million coin cap, it offers speedier transaction times.

Ethereum (ETH)

Ethereum is a public blockchain-based open-source framework. It also emphasizes executing any decentralized app's programming language, allowing app creators to use it to settle transaction costs and offerings.

Bitcoin Cash (BCH)

Bitcoin Cash raised the embedding capacity, enabling for speedier processing of more transfers.

Ethereum Classic (ETC)

This is a derivative of the Ethereum blockchain that uses a comparable decentralized infrastructure to conduct smart contracts. It also offers a value token called "classical ether," that one can use to make purchases.

Zcash (ZEC)

This cryptocurrency's major defining trait and differentiator is its enhancement of maximum confidentiality. Individuals can send and receive it without exposing the source, recipient, or sum of the amount transacted. However, this is not a feature offered to participants on Equity Trust's forum.

Stellar Lumen (XLM)

This is a type of auxiliary currency that makes currency trading easier. Users can send whatever currency they have to anyone in a different currency using Stellar.

Bitcoin Satoshi Vision (BSV)

This crypto coin aspires to be more similar to Bitcoin's initial goal, which is essentially decentralization and to operate as a cryptocurrency digital wallet.

Chainlink (LINK)

The Chainlink crypto coin encourages a worldwide computer network to supply essential external data to smart contracts (contracts that function after satisfying specific criteria) that extend onto blockchains.

The Takeaway

When looking to invest in cryptocurrency, it is important to first do your research keenly and find a coin that will multiply your equity. Better yet, you can rely on the help of professionals who know all about the industry. A competent CPA firm, such as Wayne W. Stanforth, could help. 

At the office of Wayne W. Stanforth, CPA, we serve a diverse clientele spanning from individuals to medium-sized businesses. Retirement planning, company consultancy, estates and trusts, and individual budgeting are all areas of expertise for our team of CPAs and associates. We also offer tax and accounting solutions, such as tax planning, return filing, and bookkeeping, besides our specialties. If you are seeking a cost-effective way to get high-quality financial solutions, please contact us.

Note: This blog is for informational purposes only and should not be taken as professional financial advice.