The world of cryptocurrency is always growing, with new crypto businesses and assets launching every day. With more than 23,000 available cryptocurrencies, you can choose from a near-infinite number of digital assets to buy, trade, hold, and sell.
However, choosing the right cryptocurrency can be challenging if youâre new to the crypto ecosystem. The good news is that there are several tokens and coins that are suitable for beginners.
...Solana (SOL)
Solana is an open-source blockchain platform. It was created in 2017 by Anatoly Yakovenko. Solanaâs goal is to improve the performance of blockchain technology and simultaneously lower costs.
Solana is similar to Ethereum in design. However, with low transaction fees and high throughput, Solana may be a more scalable blockchain platform. In addition, Solana uses both proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms.
These technologies allow for high energy efficiency and faster speeds. If youâre concerned with using an environment-friendly cryptocurrency, Solana is a great option.
..Cardano (ADA)
Cardano is a public, open-source blockchain platform. This decentralized platform uses PoS to achieve consensus and function and can process P2P transactions through its internal currency, ADA.Â
Cardano was created by Ethereum co-founder Charles Hoskinson. Here are the benefits of investing in ADA:
Cardano adopts a scientific approach that can ensure code quality and architecture.Â
ADA has high credibility in the blockchain industry.Â
Cardano is known for its peer-reviewed protocols and has a vibrant community.Â
Cardano was developed to advance the main tenets of blockchain technology: security, decentralization, and scalability
