If you decide to invest in cryptocurrencies one day, you must first choose what you are going to buy. Of course, you must know the basics of blockchain technology, be able to create crypto wallets and execute transactions correctly. But still, the main thing is to find out that this cryptocurrency is profitable and then it can be sold more expensively. There is no clear answer to the question: "What cryptocurrency to invest in?" Before investing money, you should study the market and analyze the prospects for the particular project. Pay attention to the following:
A) The degree of popularity in the blockchain community. If the trading ticker of this crypto currency can be found on most exchanges and the featured news, which is related to its peer-to-peer network, is published by authorized blockchain publishers, then it means that it is one of the cryptocurrencies. more lucrative. The tokens of this network can be easily sold and if you invest money in this project, you will most likely not suffer losses, whatever the result.
B) Ease of carrying out transactions. Licensed blockchain companies produce various types of wallets, and in addition to their currencies, they are backed by many third-party multi-currency storage developers. It is very important for an investor to have a reliable cryptocurrency wallet (ideally a hardware wallet).
C) Security. Based on the above, we can conclude that a promising network must be carefully protected from hackers. The best cryptocurrencies that run on POW must have a fairly powerful network to minimize the chance of a 51% attack. And if the project you have chosen uses an alternative consensus algorithm, then it should have a well thought out protection scheme against unscrupulous validators.
So why VectraCoin?
1) Multi-level blockchain
VectraCoin is developed on a multi-level blockchain. What does that mean? It allows you to combine the characteristics of coins that at first glance are incompatible, for example, for VectraCoin, these are smart contracts (which involve advertising) and total anonymity, in the analogy of Monero with the help of a single signal. This is the most important feature of Vectra, which is why everyone is predicting that VectraCoin will take its rightful place in the top 10 Coin Market Cap in 2021.
2) Transaction speed
The Bitcoin network processes 7 operations per second and Ethereum processes 15 operations per second. The speed of the revolutionary network called VectraNetwork is up to 1000 operations per second, allowing it to compete not only with competitors in the crypto market, but also with fiat money, and also with Visa and MasterCard.
3) Security and anonymity
Thanks to the integration of the CryptoNote algorithm, it is impossible to link the sender and the recipient to a specific person. The network and its transactions are completely anonymous thanks to a unique call signature. Of course, Vectra is also a decentralized system. VectraCoin is not regulated by any center, allowing transactions to be carried out directly without government or other control.
4) Support for smart contracts.
Just look at Ethereum and understand how this feature has helped ETH to rank a worthy second in terms of capitalization among all cryptocurrencies. The parties sign a smart contract using methods similar to signing the transfer of funds on existing cryptocurrency networks. After signing by the parties, the contract is saved on the blockchain and becomes effective, and none of the participants in the transaction has any doubts that the transaction took place.
5) Pre-ICO stage
There is no better time than now to invest in Vectra. The technical implementation of the coins is almost finished, the project team has almost finished working on it, and moreover, Vectra tokens are selling for $ 100 per token now. And at the time of the coin launch in 2021, even in the most conservative estimates, the cost would not be less than $ 1,000 per token, and after entry into a market, the price can reach $ 5,000.
When choosing a cryptocurrency to invest, do not stop at a project, no matter how attractive it is, do not expect the price to double tomorrow and do not be scared by the first drop in the exchange rate. In addition to the aforementioned startup, sensitive cryptocurrencies like Zcash, Dash, and Monero also deserve attention. As well as young and promising digital currencies in the MibleWimble protocol and a number of other altcoins.
The VectraCoin Entry: A New Altcoin That Will Definitely Go "To The Moon!" was first published in Crypto report.