When it comes to cryptocurrencies, the main issue at hand is usability and practicality with use on a global level.
Before segwit implementation, we saw Bitcoin becoming more and more difficult to send, transact, and purchase goods, because the mempool (memory pool of transactions) was being filled up.
Although, in this list, we are going to walk through our top 5 cryptocurrency picks for a day-to-day use coin.
(Read our full Litecoin guide)
First up we have Litecoin.
It’s an original fork of the Bitcoin protocol, the first to implement lightning nodes, and has a vocal creator.
On the original lightning network test, they sent 0.00000001 LTC from Zürich to San Francisco in under one second.
When it comes to being a quick and easy cryptocurrency to use for a cup of coffee or meal, this is one of our favorites.
And as merchants start utilizing Coinbase Commerce or Litepay, we will see it expand as well.
2. Dash (Digital Cash)
(Read our full Dash guide)
Dash is an exciting and unique coin.
Using a combination of masternodes, mining, privacy, and speed it is one of the fastest stealth coins there is.
That’s why Neptune Dash chose to utilize the features of Dash and get it onto the Toronto Stock market.
Now, unlike Bitcoin Core, Dash is continually improving and upgrading. In fact, they want to be able to handle at least 40 million users daily, upgrading block sizes up to 50mb…
Making Dash even faster and easy to scale.
That’s why Dash is one of the perfect currencies for day-to-day use, and it’s stealthy, so for Cannabis and other related transactions it clears immediately without data (if you turn on the privacy mode).
3. Stellar (XLM)
(Read our full Stellar (XLM) guide)
It may seem weird to include stellar, but this coin is no joke.
Unlike Ripple coins which don’t have a use case, Stellar runs off of its XLM tokens, and with that, it is fast and cheap.
The base fee is currently set to .00001 XLM—a fraction of a fraction of a penny. The sender of the transaction incurs the fee. And as for speed and scalability, Stellar’s processing rate is currently around 1000 operations a second. Although, they are quickly expanding their transaction capabilities.
With these statistics, Stellar could be a quick and easy way to use cryptocurrency daily without needing to wait or jump through hoops.
Low transaction costs and high speeds are what is needed for a good day-to-day currency.
4. Zcash, Monero, Zencash
For number four we have a few “ties.”
Mainly because one of the most important parts of cryptocurrency, and the reason that cypherpunks jumped down this rabbit hole, was anonymity.
Zcash, Monero, and Zencash are all good, viable options for an anonymous and private cryptocurrency.
While their protocols vary, they all have completely private transactions and help by allowing for shielded messages, encoding, and much more.
On the day to day, these may prove to be some of the best cryptocurrencies to use for transactions helping to make what you buy private, similar to cash.
(Read our full Bitcoin Guide)
Yes, that is number 5.
The granddaddy itself.
Bitcoin, while seemingly to become obsolete, has many new upgrades coming into place.
Namely, the lightning network, Schnorr signatures and a few others that will help it revive its technology and come back into the picture.
Lately, the mempool has started to decrease, and transactions are getting cheaper and faster with wallets starting to implement segwit.
Thus, we have the most secure and longest running blockchain with the full-fledged power and backing of Bitcoin behind it.
Making it one of the top 5 cryptocurrencies for day-to-day use.
The GCA Team