Crypto-currency is rapidly growing, and can become confusing for users who want to know about the multitude of options. As 2016 is drawing to a close, one thing to consider when investing into the world of cryptocurrency is which coins were rated the best for the year. With a little effort I have compiled a list of the Top 5 best coins of this year. Litecoin Litecoin was the brain child of Charles Lee, a former Google employee. Lee came up with Litecoin as a way of improving on the current crypto-currency through a series of small changes. It has caught on considerably since its implementation, and has maintained a good portion of its original value over the years. The number of years it has been around, in combination with its good reputation, has made it accepted by a number of retailers. Because it’s innovations have been only minor, however, it has lacked in widespread acceptance. Dogecoin To date, over 200 companies world-wide accept Dogecoin , which might not seem like a lot compared to those that accept Bitcoin. It is a lot, however, when looked at side by side with the rate of use of other coins. The user base is also very strong with Doge, and has even been involved in several charity campaigns to help boost its legitimacy. The cute Japanese dog that adorns the logo of Dogecoin was once a viral image of internet past, and soon after, the image and name were tributes to the lovable pooch pics. One notable difference is Dogecoin’s hashing algorithm. Instead of the popular SHA-256 algorithm, Doge uses one called Scrypt. Originally Scrypt came about as a way to stop people from running on specialized mining equipment, resulting in dominance in the mining sector. As it just so happens, […]
