Metaverse is the “Renault” of cryptocurrencies. For starters, Metaverse is a decentralized platform, just like Bitcoin. It features its own digital currency called “Ethereum token” or “ET”, which can be utilized for various purposes on the platform, such as buying and selling properties in the Metaverse World. Other digital currencies are also accepted on the platform.
Furthermore, Metaverse also provides digital identities and digital asset registration.
It also has a digital asset exchange where you can trade fiat currency or other digital currencies. The biggest difference between Metaverse and Ethereum is that the former uses an open-source codebase, which means that it is more centralized than the latter. There are many projects on the way to make it more decentralized. Therefore, here is a list of the best metaverse crypto to invest in:
Table of Contents
1. Ethereum
Ethereum is the biggest competitor to Bitcoin. Compared to Bitcoin, Ethereum is more flexible. Furthermore, the ecosystem of Ethereum has more developers. The programming language used is “Solidity”. It is a high-level programming language that provides better functionality and is easier to use. Here is a list of things you can do with Ethereum:
- Create smart contracts;
- Trade cryptocurrencies with others;
- Issue & manage digital assets such as stocks, bonds, and currencies;
- Create decentralized applications (DApps);
- Buy & sell “smart properties”.
2. Qtum
Qtum is a platform that can utilize both the Ethereum blockchain and Bitcoin blockchain. This is a huge advantage for it since Ethereum and Bitcoin are the two most dominant blockchains in the world. The best things about Qtum are: like Ethereum, it allows for smart contracts & DApps to be built on it; more flexible than Bitcoin; can be used to develop platforms for both public and private blockchains; supports “simplified version” of Solidity language, which will make it more accessible to developers from the Ethereum community (remember that Solidity is harder to use).
The best thing about Qtum is the fact that there will be unlimited possibilities in terms of use cases. As a result, Qtum has the potential to do better than Ethereum.
3. NEO
NEO is another Ethereum competitor. It is the first-ever Chinese based project that has its own blockchain platform which can be used to develop digital assets of all sorts (enterprises, businesses, and governments) on the NEO platform within a few simple clicks & without the need for coding in any specific language as compared to Ethereum’s Solidity language.
Besides being used as a cryptocurrency, NEO can also be used as an open-source platform for digital identity management and anti-fraud system within NEO ecosystem projects such as NeoX & NeoFS. It also supports the development of digital assets, smart contracts, DApps, and so on. NEO allows for smart contracts to be created without knowing any programming language. This is a big advantage as it makes NEO very easy to use for the average person.
4. Ubiq
Ubiq is an open-source platform that helps enterprises go global. It also has a blockchain-based digital identity system and supports Turing-complete smart contracts. Ubiq was originally created for communities that want to benefit from Turing functionality and compatibility with Ethereum to create “the next generation blockchain”. Turing functionality is compatible with Ethereum’s smart contracts.
Another thing about Ubiq is that businesses can use it instead of individual transactions. This will increase their potential to do business, just like how Ethereum does better than Bitcoin when it comes to mass adoption. Moreover, Ubiq also supports multiple blockchain systems such as Ethereum, Bitcoin, Expanse, and so on.
5. Enjin Coin
Enjin Coin is a UK and USA-based company that has created its own blockchain platform. It can be used with Enjin, which is the company’s game engine that allows developers to publish and monetize games. Enjin Coin also supports digital assets.
Enjin Coin also has community features. This means that it includes a community-driven development roadmap where users can suggest features they would like to see in the Enjin Platform and their ideas on how to use cryptocurrency in the Enjin Wallet. Other than creating digital assets through its own platform, it can also be used by other blockchain systems such as Ethereum, EOS, NEO, etc.
6. Horizen
Horizen is a privacy-based blockchain platform, with ZEN as its native currency. It runs on a global network that is open-source and enables the entire ecosystem to function without intermediaries. The open-source nature of Horizen is one of the platform’s best features because it allows everyone to see what transactions are taking place in the ecosystem and help improve it.
Horizen also has a higher level of security than other blockchain platforms such as Bitcoin, because private transactions cannot be traced by anyone else except for the sender and receiver. This means that it will not attract malicious users trying to hack into a network.
Additionally, Horizen has a system that can detect any suspicious behavior through its nodes. This is the reason why it will not be easily hacked. Horizen also has a platform that allows you to create decentralized applications (DApps) and smart contracts.
Conclusion
The crypto market is still very new and there are still a lot of things that can help crypto to do better in the future. So far, there are a number of benefits you can get when investing in cryptocurrencies such as Bitcoin, Ethereum, or even Qtum or NEO. Mena should also take into consideration how to do cryptocurrency payments in the future, considering that digital payments can be very useful in the near future.
Cryptocurrencies are digital assets such as Bitcoin and Ethereum that provide an alternative payment method for goods and services. At present, many countries have imposed VAT (Value-added Tax) on electronic transactions and this may soon become required by other countries which have policies similar to VAT. In summary, metaverse cryptocurrency is an effective way to start developing an infrastructure to use digital currencies in the world of e-commerce.