• Sat. May 21st, 2022

2 Top Cryptocurrencies to Buy and Hold for Decades

ByHazel R. Lang

Apr 21, 2022

Do you want a cryptocurrency investment that stands the test of time? Look no further than gimbal (ADA 2.11% ) and Solana ( FLOOR 2.74% ). These top blockchains feature highly innovative designs and competitive developers who work hard to keep them ahead of the pack.

1. Gimbal

With a market capitalization of $32 billion, Cardano is the ninth largest cryptocurrency, and it’s not hard to see why. The platform is designed to host self-executing computer programs called decentralized applications (dApps). And its aggressive development roadmap will help it remain a long-term leader in this competitive field.

Image source: Getty Images.

Cardano is one of many blockchain platforms known as “Ethereum killers” due to their advantages over the current market leader in scalability. With a transaction capacity of 250 per second, Cardano outperforms Ethereum’s speed by 15 per second. proof-of-stake (PoS) (where miners update the blockchain using coins they own) is greener than Ethereum’s proof-of-work (PoW) system, where miners solve computer puzzles using coins they own. huge amounts of electricity and expensive equipment.

But the developers of Cardano are not content to be a little better than Ethereum. The platform may be in the early stages of its aggressive development roadmap.

In June, Cardano plans to launch its Vasil upgrade. And according to its founder Charles Hoskinson, co-founder of Ethereum, it will be a massive performance improvement designed to optimize Cardano for increasingly complex dApps. Vasil will also introduce new features such as a dApp store and a new crypto wallet where users can store and trade digital assets.

2. Solana

While some assets rely on updates to achieve state-of-the-art scalability, Solana is already here, with a transaction capacity of 50,000 per second. But instead of resting on its laurels, Solana developer Solana Labs is turning to the exciting blockchain-based fintech opportunity.

In February, the platform announced Solana Pay, a protocol designed to serve as a decentralized peer-to-peer payment method.

But more than just a way to pay with crypto (which isn’t new), Solana Pay aims to support real-world currencies like the US dollar and incorporate non-fungible tokens (NFTs), which are digital proofs of ownership stored on the blockchain. Solana’s highly scalable design will give Solana Pay a competitive edge over potential rivals.

With a market capitalization of $35 billion, Solana is the seventh largest cryptocurrency. And its lightning-fast speed and fintech use cases could help it stay ahead of the pack for decades to come.

Focus on lasting success

Since its creation with the launch of Bitcoin in 2009, cryptocurrency technology continues to improve rapidly. Platforms that stand the test of time have tended to upgrade to meet changing industry demands. Cardano and Solana are already leading the pack in terms of popularity and technical prowess. And their robust development teams will help ensure they stay there.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a high-end advice service Motley Fool. We are heterogeneous! Challenging an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and wealthier.

Source link