Several cryptocurrencies charge a remarkably low transaction fee, and here are the top 10 of them
Many have started investing in cryptocurrencies to diversify their portfolios, also motivating new investors to join the market. Cryptocurrencies have turned out to be the primary choice of asset investment for young investors. Nowadays, even college students are investing in cryptocurrencies to start gaining profits and start saving for the future. However, the one thing that annoys most crypto traders is the relatively high transaction fee charged by popular cryptocurrencies. Thankfully, several cryptocurrencies charge a remarkably low transaction fee. Here we have listed the top 10 cryptocurrencies to buy and hold with lower gas fees.
Stellar (XLM)
Stellar is overseen by Stellar Development Foundation and the network was released in 2014. It enables a faster and cost-effective mode of transaction and is considered a strong alternative for transaction applications like PayPal. Stellar is environment-friendly and uses a consensus protocol, which is even better than the proof-of-stake algorithm. The sole purpose of Stellar is to simplify the process of trading digital assets. What differentiates Stellar from other cryptocurrencies is that its primary purpose is to act as a medium of exchange.
Monero (XMR)
Monero is built on the ideas of security, privacy, and decentralization. Monero continues to advance with priorities of privacy and security first, and ease of use, efficiency second as stated on its website. It was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. XMR is designed to obscure senders and recipients alike through the use of advanced cryptography.
Nano (XNO)
Nano is a lightweight cryptocurrency that is designed to facilitate secure, practically enable instant payments, without fees, and address some of the major limitations of both legacy financial infrastructure and many modern cryptocurrencies. Transactions are also validated and completed in under a second, in most cases. This suggests over 1,000 transactions can be completed with Nano before a single Dogecoin transaction is confirmed by miners.
Cardano (ADA)
Cardano is one of the cryptocurrencies that have been around for a long time and has built a big community. The cryptocurrency has been rising fast over the past few days after the market started surging. With over 10% price, Cardano has become one of the fastest-growing cryptocurrencies in the market. Apart from the surging price in the market, the upcoming developments are creating $ADA demand.
Litecoin (LTC)
Litecoin (LTC) is a cryptocurrency that was designed to provide fast, secure, and low-cost payments by leveraging the unique properties of blockchain technology. It is one of the hottest tokens in the industry today. Since its inception, Litecoin has exploded in both usage and acceptance among merchants and has counted among the top ten cryptocurrencies by market capitalization for most of its existence.
IOTA (IOTA)
IOTA is a distributed ledger with one big difference: it isn’t a blockchain. Instead, its proprietary technology is known as Tangle, a system of nodes that confirm transactions. The foundation behind this platform says this offers far greater speeds than conventional blockchains and an ideal footprint for the ever-expanding Internet of Things ecosystem.
Dash (DASH)
Dash is an open-source blockchain and cryptocurrency-focused on offering a fast, cheap global payments network that is decentralized in nature. Since its inception, Dash has grown to include features such as a two-tier network with incentivized nodes, including “master nodes,” and decentralized project governance; InstantSend, which allows for instantly settled payments; ChainLocks, which makes the Dash blockchain instantly immutable; and PrivateSend, which offers additional optional privacy for transactions.
Ripple (XRP)
Since its inception, XRP enjoyed a lot of attention and constant price surges only for SEC to slash a legal case against it. Ripple has mostly remained on the sidelines in the past year despite other cryptocurrencies reaching record highs. Fortunately, XRP is springing back to life as the prolonged court case with SEC seems to be reaching an end, that too in favor of Ripple. This has triggered Ripple’s price to aim for a comeback in 2022.
Ethereum Classic (ETC)
Ethereum Classic is a hard fork of Ethereum that launched in July 2016. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC. Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time. It first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.
Tron (TRX)
Tron enables developers to create and deploy decentralized apps (dApps) for virtually any purpose, including online games, decentralized exchanges, yield farms, and open lending platforms. Tron’s core purpose is to provide people with access to content that is not geographically censored or otherwise constrained.
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