Many people, especially beginners in the world of cryptocurrencies, ask themselves: what will be the second Bitcoin? Is there a chance for a coin to be created that will overtake the so-called king of cryptocurrencies?
Which cryptocurrency will become second Bitcoin?
We are unable to answer this question. On the one hand, new, ambitious, very good projects are constantly being created, which are useful and their adoption in the everyday world is highly probable. On the other hand, Bitcoin itself is a legend. Basically, it is BTC that drives the entire cryptocurrency market north or south.
Bitcoin's dominance on the cryptocurrency market is also very high, which is over 60%. But do we really need a second Bitcoin at all? If we are driven only by the desire to profit, and this is what Bitcoin is primarily associated with, especially newcomers to the market, then we have examples of other altcoins that have earned equally probable profits, or even greater. Only when we really look at the results can we see an increase from the bottom to the top, and will we be able to go exactly down and hold it long enough to sell it uphill? This is more or less likely like winning the lottery. However, this will not prevent you from examining the 5 cryptocurrencies that look very promising for 2020.
Komodo (KMD) is a cryptocurrency that was launched in the third quarter of 2016. It operates in many sectors of the market and is to provide comprehensive solutions for the development of Blockchain technology infrastructure. The cryptocurrency iteration process itself took 3 years. As you can read on the project website, Komodo is currently focused on delivering business-friendly Blockchain solutions that are secure, scalable, interoperable and easy to customize.
The current package offers tools for comprehensive Blockchain development. Including customizable, complete with a library of built-in modules and an open API for building Blockchain applications. Komodo hosts its own ecosystem of tokens, each of which is secured not only by the Komodo network but also by Bitcoin. In addition, the design is on the brink of groundbreaking use in space. Considering the current very attractive price in pair with BTC, Komodo becomes a solid project at a very good time to buy.
NKN is a cryptocurrency that was launched in January 2018 and operates in the network connectivity sector to improve the security performance of the current client-server model. The developers themselves say that they use economic incentives to motivate internet users to share a network connection and use wasted bandwidth. NKN's open, efficient and reliable network infrastructure enables the creation of a decentralized Internet so that everyone can enjoy a secure, cheap and universal network. NKN itself stands for New Kind of Network. In the ICO, the project raised $ 12 million and used the funds to launch and further develop a new Proof-of-Relay mechanism. NKN currently has a larger complete network of nodes than Bitcoin itself. The project is considered to be the third pillar of Blockchain, where Etherum is a decentralized computer, Filecoin is a decentralized storage, and NKN is a decentralized network.
This cryptocurrency was developed in 2017 and differs from most in that its primary activity is to generate cash. The goal of the project is to become a market leader in file protection and verification. V-ID software has over 30 clients. In the project's whitepaper, you can find information that the V-ID was developed to prevent document fraud and add value by verifying documents using Blockchain technology.
The project aims to certify and protect all digital assets so that frauds and errors do not hold back social innovation in digitization. V-ID is constantly growing and generating cash. Revenues are growing every month. Given the additional revenue-based firing mechanism that led to 260,000 VIDT burnout, the supply per token decreased by more than 1%.
Fantom is a token launched in May 2018 working to solve scalability issues in current smart contract solutions as well as building asset interoperability between chains. The project aims to ensure compliance between all trading authorities around the world using DAG technology. Additionally, Fantom's vision is to create a new highly reliable infrastructure that will enable real-time transactions and data exchange.
The project is to be used on a large scale in virtually all industries. The Fantom Foundation intends to create a platform with a new ecosystem based on smart contracts.Thanks to the innovative Lanchesis protocol to improve transaction efficiency, Fantom will be easy to use in smart cities, utilities, banking and healthcare.
It is a cryptocurrency launched in 2017 that has raised over $ 35 million. It operates in the Big Data segment, and its goal is to make large-scale data exchange reliable and secure. It is a project aimed at organizations that need to securely process and transfer data and build interoperability. The company has already established cooperation with the aviation of the United States and is constantly developing to meet customer expectations.