Are you looking for the top cryptocurrencies to use for leisure? Our list includes the most entertaining, educational, and fun cryptocurrencies.
Whether you are an investor or just getting ready in cryptocurrency, you have probably heard of Bitcoin. While Bitcoin is the most well-known cryptocurrency, it is not the only one. There are hundreds of different cryptocurrencies out there. These digital currencies come with different purposes, features, and specifications.
Some digital currencies feature designs that act as payment methods. Moreover, other cryptocurrencies serve entirely different purposes. Some are mining-driven platforms, while others are available for entertainment and leisure.
In this article, we look at our top seven favorite cryptocurrencies to use for entertainment and leisure activities online.
Popular cryptocurrency Bitcoin is the first and most popular cryptocurrency in the world. It started operations by an anonymous developer using the name Satoshi Nakamoto. Moreover, it became available to the public in 2009. Afterward, it is one of the dominant forms of digital currency on the internet.
For this reason, it is also one of the most accessible cryptocurrencies to use for leisure and entertainment. Countless websites accept Bitcoin payments, letting you buy goods and services with BTC.
There are even several online casinos that accept Bitcoin deposits. These sites allow you to bet on games such as slots, roulette, and poker using your Bitcoins. There are also many online sports betting sites where you can wager on your favorite sports teams or players with BTC.
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According to Swyftx, Ethereum is one of the most popular and advanced cryptocurrencies in the world. It works as a blockchain-based platform for decentralized applications and smart contracts. Ethereum is currently the second-biggest cryptocurrency by market capitalization, only behind Bitcoin.
You can use cryptocurrency in many ways. This ranges from powering ICOs to building decentralized applications on the Ethereum blockchain. Its public blockchain allows anyone to develop apps (decentralized applications) without censorship or downtime.
Some popular use cases include creating an ICO, developing a new cryptocurrency, gambling online, and making online payments with only a few clicks.
In addition, Ethereum responds to sophisticated requests. Compared to Bitcoin’s basic scripting language, Ethereum’s code is more advanced and allows developers to write programs called Smart Contracts.
The main difference between Ethereum and Bitcoin is that they have different purposes. Bitcoin is more like a currency, while Ethereum is more like a programming language.
Litecoin (LTC) is the third most popular crypto after bitcoin. It is a product by former Google employee, Charles Lee. You can use it to buy goods and services or trade like a stock.
Litecoin is based on an open-source global payment network uncontrollable by any central authority. Moreover, it uses “script” as proof of work. Thus, you can decrypt with the help of CPUs of consumer-grade.
There are several similarities with Bitcoin. However, it features a fast block generation rate. Also, the rate of transaction confirmations is fast. There are a number of different merchants who accept Litecoin as a form of payment.
4. Polkadot (DOT)
The Polkadot, is an interoperable blockchain protocol. It is the ecosystem for connecting private and public chains, oracles, and future technologies that are still in academic research.
In short, Polkadot is a proof-of-stake blockchain network aimed at giving decentralized applications and systems the ability to interact with each other. Therefore, Polkadot will allow for the deployment of a wide range of use cases in a completely decentralized and secure manner.
The DOT token is the native cryptocurrency of the Polkadot blockchain. It makes it possible for users to participate in the functioning and securing of the network. For example, DOT holders can vote on any governance decisions users make on the network, such as changes to the codebase.
According to Swyftx, the Ripple is popular as the cryptocurrency that banks love. It is the third-largest crypto in terms of market cap and one of the fastest-growing cryptocurrencies.
Ripple XRP serves several central banks, including UBS, Santander, and American Express. Moreover, it recently announced partnerships with Western Union, American Express, Santander, RBC, and others. The Ripple payment protocol has also been used by companies such as MoneyGram.
Also, the Ripple payment protocol allows for instant transactions with minimal fees. Ripple XRP can be exchanged for other currencies or valuable assets, like gold or real estate.
Using the Inter-Blockchain Communication (IBC) protocol, Cosmos enables blockchains to send tokens to each other. This follows the regular 1:1 pegging with native tokens of other blockchains.
Cosmos establishes an ecosystem hub and spoke model. This is where the hub can connect multiple spokes to other blockchains securely.
7. Crest (formerly known as Dentacoin)
The crest is a cryptocurrency designed for the dental industry. It allows patients to pay for treatments. Moreover, it offers more accurate reviews of their dentists, and fills out surveys after a procedure. The overall goal of Crest is to reduce the cost of dental care.
The currency is worth just under USD 0.0003 at writing. In addition, you can trade it on a handful of smaller exchanges.
DentaCoin has several uses in the world of online gaming. You could use it to buy virtual goods or even real-life goods from other players. It’s also possible that certain casinos will accept the currency.
As the popularity of cryptocurrencies continues to grow, online exchanges and merchants will find new ways to attract customers. For now, leisure and entertainment purchases seem to be most popular among cryptocurrency users. Also, other users who want to enjoy something other than the typical online shopping experience.