The Nation Newspaper

Category: e-Business

  • CIOs lead digitalisation, says Edniesal

    CIOs lead digitalisation, says Edniesal

    An enterprise governance and corporate services firm, Edniesal Consulting Limited, has said Chief Information Officers (CIOs) have evolved from information to innovation and leading the digital transformation initiatives in the organisations they work.

    Its Chief Executive Officer (CEO), Abiola Laseinde, who spoke in Lagos while announcing the second CIO Awards, said CIOs are hardly visible nor celebrated in most organisations, but now their role has increased in importance over time, adding that in some companies, depending on the organisational culture, they are asked to wear multiple hats of business strategists and change leaders.

    She said the second edition, slated for November 26, this year,  is building on the successes of the maiden edition held in Lagos last year, adding that this year’s awards will also recognise outstanding professionals and organisations, who have during the year under review, delivered business value to their organisation and the industry at large, through the innovative use of technology.

    She said: “CIOs have overtime been responsible for delivering top-of-the-line innovation and business value within their organisations while also being at the forefront of decision-making and strategic change. This class of business leaders is hardly visible nor celebrated in most organisations, but now their role has increased in importance over time as they evolve from information to innovation and leading the digital transformation initiatives.  In some companies, depending on the organisational culture, they are asked to wear multiple hats of business strategists and change leaders.”

    According to the organisers, pre–activities, and calls for nominations for the CIO of the Year 2021 in various categories will commence from May for the duration of three months.

    Part of the activities leading to the award includes the first capacity-building programme for the CIO Club members, which is scheduled to hold this month.

    Meanwhile, the CIO Club Africa has held its inaugural meeting where it appointed board members and executives to manage the affairs of the group. The Club, launched by Edniesal Consulting Limited at the maiden edition of The CIO Awards last year, is an interactive platform where members, including CIOs, CTOs, CDOs, IT Heads, CEOs, and COOs with assimilated IT roles and their entire ecosystem can exchange international best practices, share knowledge and experience, explore business solutions, and derive strategies to address major IT innovation challenges in Africa.

    At its inaugural meeting held on February 12, 2021, the Club members adopted the leadership structure of a Board and Executive Leadership Council.  It was agreed that the first set of leaders shall be by appointments while the subsequent ones would be by elections.

    With this, a Board of Trustees was appointed under the leadership of a Board Chairman. According to the Chairman of Edniesal Consulting and the Chairman, the CIO Awards Project Team, Oluwakayode Adigun, the appointed board members include Olayinka Oni, Chief Digital Officer at Sterling Bank Plc, who emerged as the Chairman; Fatumata Soukouna Coker, Founder of YGroupholdings as Vice Chairman; Adewale Laseinde, Principal at Adewale Laseinde & Co as Legal Adviser/ Secretary.

    Other members of the board are Abiola Laseinde, the CEO of Edniesal Consulting Ltd; Dele Adeyinka, Chief  Digital Officer at Polaris Bank; Oluwaseun Oni, GMD/CEO AG Leventis Ltd; Oluwakayode Adigun, Senior VP/Divisional Head, Service Management and Technology at    FCMB.

    The Executive Leadership Council (ELC) was also appointed for a tenure to steer the initial affairs of the Club.

    The elected executives include Obinna Ukonu, Country BSS Director Nigerian Bottling Company as President; Rachael Asonibare, COO Standard Chartered Bank (Vice President); Oluwaseun Solanke, CIO Airtel Nigeria (Secretary). Other appointed members of the Executives include Danladi A. Inuwa          GGM Information Technology Division, NNPC; Ademola Adesalu, GM Operations & Technology, CRC Credit Bureau; Okechukwu Iroegbu, CIO Stanbic IBTC PLC; Musty Mustapha, CIO Kuda Bank; Richard Amafonye, CIO Wema Bank and Aderonke Adeyegbe, CEO Comercio Ltd.

     

  • African Crypto Exchange, Quidax raises 7,772 BNB on worst day of Crypto in less than 48 hours

    African Crypto Exchange, Quidax raises 7,772 BNB on worst day of Crypto in less than 48 hours

    On what could be tagged as the worst day of crypto this year, African-founded exchange, Quidax, raised over 7,772 BNB from the public sale of its token, QDX. The crypto market suffered its first major dip in 2021 on Thursday May 19, 2021 with Bitcoin dropping as low as $30,000 from highs of $64,000. In spite of this, the public sale of QDX sold out in less than 48 hours. Zero spread account makes entering and exiting a trade very easy.

    Recently, Quidax announced that it had processed over $3 billion in transaction volume since its launch in 2018 with over 400,000 customers across 72 countries. In the announcement, Quidax also shared a shift from its African-focused strategy to becoming the global home of BEP20 tokens.

    Next Steps for Quidax

    On Friday, the exchange revealed that $QDX will be listed on its platform and DeFi platform, JulSwap, from Sunday, 23rd May, where anyone will be able to trade QDX.

    Quidax also unveiled its QDX roadmap that highlights the next developments within the QDX ecosystem. The revelation included the listing of several tokens including BNB, DOGE and SHIB.

    As part of its roadmap, the first major product in the QDX ecosystem, QDX Vault will enable people to stake their QDX tokens and earn token airdrops from every other token that gets listed on the exchange.

    Additionally, an airdrop has been scheduled in June for Quidax and JulSwap community members that hold QDX.

    The QDX roadmap also indicates the launch of a self-service listing that will go live in August. This unique feature will serve BEP20 projects looking to list their tokens on Quidax exchange within 24 hours

    A fast growing ecosystem

    The Quidax ecosystem continues to grow with partnerships. One such partnership is with blockchain analytical firm, Chainalysis. Quidax recently revealed that it would be listing Wall Street Games Token (WSG). Wall Street Games is one of the biggest blockchain-based gaming platforms and this development shows the commitment towards building a unique ecosystem.

    Apart from its instant exchange & orderbook services, Quidax enables OTC trading for institutions and gives fintech companies the tools to offer cryptocurrency services to their customers through a dedicated plug and play API.

    About Quidax

    Quidax aims to be the home of BEP20, giving anyone access to tokens on the Binance Smart Chain (BSC), as well as popular cryptocurrencies. Apart from instant exchange services, Quidax enables OTC trading and gives fintech companies the tools to offer cryptocurrency services to their customers through a dedicated API. Quidax was officially launched in 2018 and currently has over 400,000 customers in more than 70 countries.

    Website: Quidax.com

    Quidax Native Token: Quidax.com/QDX

    QDX Token Community (Telegram): https://t.me/QDXToken

    Twitter: https://twitter.com/QuidaxGlobal

    Facebook: https://facebook.com/QuidaxGlobal

    Instagram: https://www.instagram.com/quidaxglobal/

    Quidax Global Community (Telegram):  https://t.me/QuidaxGlobal

  • Boost fame assures on top notch services

    Boost fame assures on top notch services

    Our Reporter

    A digital marketing agency, Boost Fame Nigeria, has assured clients of its commitment to quality services.

    It said: “We make out from the rest as a result of our excellent track record, and quality service delivery.

    “We offer a range of services which cuts across different areas. From graphic design to branding, brand consultation, web design, social media services, and music distribution.

    “Our social media services are aimed at helping you boost your audience across various social media platforms like Twitter, Instagram, Facebook, and YouTube.

    “We also offer an Instagram influencer package that transforms our clients from just regular Instagram users, to people who generate income with their Instagram accounts.

    “Our brand consultation service is a must if you’re thinking about starting your own online brand. And our branding services are designed to take your already existing brand to the next.

    “Our after-sales support is 24/7; to ensure that all service-related complaints are promptly attended to. We offer quality services you can trust, at prices you can’t get anywhere else.”

  • Nigeria-owned video platform makes giant strides

    Nigeria-owned video platform makes giant strides

    VIDYOUP, a video hosting, sharing and services platform headquartered in Lagos, has continued to make waves with over 30 million subscribers across Africa.

    VIDYOUP focuses on the delivery of different video contents by content creators all over the world across a range of devices.

    Available contents include music videos, video clips, short and documentary films, audio recordings, movie trailers, live streams, and video blogs.

    Most content is generated by individuals but media corporations also publish videos.

    Besides watching and uploading, registered users can comment on videos, rate them, create playlists and subscribe to other users

    The site was founded 30th July 2018 by Nkemjika Uzoma Temple(uzzyefizzy) and co-founded, built and developed by Victory Solomon.

    It’s the first African and Nigerian owned content hub which monetises for content developers and creators.

    With over 500 advertisers patronising the platform every year because of how much traction/visitors the site enjoys on a daily basis, it has been tagged as the fastest growing video sharing platform.

    All VIDYOUP users can upload videos up to 15 minutes each in duration.

    Users can verify their account, normally through a mobile phone, to gain the ability to upload videos up to 12 hours in length as well as produce live streams.

  • Nairametrics gets blog award

    Nairametrics gets blog award

    Nairametrics has emerged winner of the Blog of the Year, at the just-concluded Gage Awards.

    This category featured other blogs such as BellaNaija, Naijaloaded, Nairaland, and LindaIkeji. After polling votes from Nigerians on the Gage awards website, Nairametrics emerged winner.

    Presenting the award at the virtual event,  Head of Marketing Multichoice Nigeria, Tope Osikeye, said blogging had become “a major channel through which we get information, and also continues to put other news medium on their toes. Indeed, they are worthy to be celebrated”.

    Its founder, Ugochukwu‘Ugodre’ Obichukwu received the award with much thanks, appreciating the Gage Awards for their encouragement to brands and individuals who deliver value to Nigerians.

    Ugodre said: “Our mission has always been to create wealth through information. Our job basically is to give you all the information that you need to be better financially strapped and to make better investment decisions.

    “We are happy that the world and Nigerians are finally realising why financial information is very important. We are not going to stop.

    “This is just the beginning of a lot of good things to come for all of you. Thank you all so much.”

    He also thanked Nairametrics readers, partners, and the team behind the blog over the years. “We are going global. We are going pan African this is just the beginning. Thank you to the Gage awards for encouraging people like us to continue to innovate and to create more for you,” he said.

    Announcing the category, by ex – BBNaija star Bisola Aiyeola who hosted the show noted that Nairametrics had been “consistent in adding immense value with accurate, relevant and up-to-date information and podcasts across its platforms in the year 2020/2021”.

    This year’s virtual edition of the Gage Awards was held on Saturday April 24, 2021, with a beach-theme targeted at helping viewers watch it in a relaxed mode.

    The GAGE Awards seeks to celebrate and spotlight the best individuals, brands or groups who have enriched lives year after year, since it started. Winners of the Gage 2021 awards were determined by Public Voting and the Gage Academy based on pre-defined measuring indicators. The voting lasted from 23 February 2021 till 15 March 2021

  • ‘OPPO committed to youths market’

    ‘OPPO committed to youths market’

    Original equipment manufacturer (OEM) OPPO has restated its commitment to keep connecting with the aspirations of its youthful customers in the country.

    The Marketing Manager of OPPO Nigeria, Nengi Akinola, gave the commitment when the brand emerged the winner of the GAGE Awards for Excellence in the Digital Space.

    She said: “As a youth-oriented brand operating in a country made up of over 65 per cent of its population below 35 years old, we understand the need to connect with our young aspirational users within their interest points. We also see #shotonOPPO as an opportunity to showcase the unique capabilities of OPPO products. We don’t just want to talk Megapixels and focal lengths, we want to show you what it means to have superior photography and videography technology on-the-go. We are excited to be the first in this market to take the bold step of doing things differently and most importantly, to get recognised for our hardwork.”

    OPPO Nigeria was recognised for executing the ‘Online Campaign of the Year in 2020’ with the #shotonOPPO content series during the A93 smartphone campaign. #shotonOPPO is a digitally led content creation campaign that encourages OPPO users and lovers all over the world to capture the beauty of the world using OPPO’s superior camera technology.With #shotonOPPO, the brand is at the forefront of encouraging the art of photography and videography among ordinary smartphone users who are passionate about telling visual stories from different perspectives.

    The OEM is the first smartphone brand in Africa to win the prestigious GAGE awards within the first five years of its penetration into a new market. Interestingly, OPPO Nigeria achieved this feat in its third year and also ranked the most viral brand in Nigeria on social media in 2020 by number of social conversations and trends.

    Building on the successes of the previous year, OPPO has continued to break barriers in Nigeria across photography, videography, fashion/lifestyle and most recently, music.

    With the launch of the Reno5 Series, OPPO achieved yet another key peak with the recent viral song and creative Music Video/TVC done in collaboration with top entertainment sensations; Mayorkun, L.A.X, Dunnie & Dammy Twitch. The OPPO ‘Dance’ song furthers OPPO’s mission i.e. letting extraordinary OPPO users enjoy the beauty of technology.

     

  • Many faces of technology in crime

    Many faces of technology in crime

    The war on terrorism has moved from land to the cyberspace. The rise of the internet has provided a veritable breeding ground for radicalising misguided elements that deploy crude tools to achieve maximum fatalities when they strike. Lucas Ajanaku reports on state of preparedness to prevent and mitigate effects of attacks in the country.

    According to the Centre for Strategic and International Studies (CSIS), over the course of the 16-year war on terror, experts have identified political and socio-economic conditions as root causes of terrorism.

    However, the technological enablers that make terrorism possible are less studied.

    Innovations in computing and telecommunications—such as widespread internet access, end-to-end encryption, and virtual private network (VPN) usage—have made new types of operations possible for a higher number of radicalised individuals.

    In an article entitled: Evolving Tech, Evolving Terror, CSIS, said the Islamic State capitalised on new technologically driven landscape by remotely inspiring and directing attacks.

    Terrorism, banditry and other criminal activities have assumed a rather frightening dimension in the country. Technology has become a double-edged sword enabling, disabling and providing succour in case there is an attack.

    The Nigerian Communications Commission (NCC) said technology infrastructure such as the Emergency Communications Centres (ECCs) it is building across the country have been having far-reaching greater impacts in enhancing the Federal Government’s drive to improve security of lives and property in the country.

    Its Chief Executive Officer/Executive Vice Chairman, Prof Garba Danbatta said combating the evils of insurgency, banditry, kidnappings, armed robberies and more life-threatening issues such as the pandemic, has been challenging, adding, however, that the ECCs has proved useful.

    Last week, the Federal Government virtually inaugurated two ECCs, one in Ogun and another in Enugu states bringing the total to 19 states and Abuja, the Federal Capital Territory (FCT).

    Danbatta said the infrastructure have served as an information hub for emergency responders such as the Nigerian Police Force, the Federal Road Safety Commission (FRSC), the Nigerian Security and Civil Defence Corps (NSCDC), Fire and Ambulance Services, and the National Emergency Management Agency (NEMA) by dialing 112 from any network, adding that five more states will go live soon.

    “The ECC has transformed lives and helped many in handling emergencies and today, it is having positive impacts on lives, improving security and providing jobs for the youths,” he said.

    He said it was in recognition of the important role ECC is playing in states where they have been activated that others are asking the NCC to come and activate theirs.

    “Serious work is ongoing in this regard, as we know that this important life-saving facility supports security architecture in the country for improving security in our nation,” he assured.

    ECC infrastructure

    Each of the ECC has 11 workstations, 10 for call taking and one for the supervision); a server that receives and processes 112-calls from  the public before the calls are dispatched to the appropriate response agency to attend to the specific emergency.

    Others are power supply mix consisting of the national grid, two units of 100 KVA generators, two units of 20KVA UPS and a 10KVa UPS; and six dispatch workstations for the response agencies.

     

    Constraint

    Lack of awareness among the populace, however, stands out as one major challenge confronting the initiative.

    But the NCC said members of the public do not have to memorise several 11-digit numbers from different response agencies, as was the case before.

    It said the 112 Emergency Number is totally toll-free – even when the caller has zero credit on the phone.

    Meanwhile, a resident of Ningi in Bauchi State has commended the (NCC for the responsiveness of its National Emergency Number 112 in tackling fire incident from ravaging a pharmaceutical shop in the states.

    Adogu Ibrahim, in a post on social media, narrated how the emergency number averted what would have been a colossal disaster.

    “Today, I really feel proud of my country. A neighbor of mine pharmacy shop was up in flame. I made a call through 112 to the emergency fire service and got immediate response. They called back immediately that they were already on ground and the fire put out with little or no damage even before I got to the premise.

    “This is the Nigeria I crave for in all sectors where efficiency defines our approach to public services,” Ibrahim said.

    Responding, Special Adviser (Media) to Prof Danbatta, Yakubu Musa, said the 112 emergency number has redefined response to emergency situations in the country.

    “I am proud of NCC. The Commission received two major international awards last year because of it the activation of numerous emergency centers across the country. The 112-emergency-number has been playing role in the nation’s emergency response,” he wrote

    The ECCs were activated as a one-stop shop for receiving distress calls from the public and dispatching same to appropriate Emergency Response Agencies (ERAs) for timely response and resolution of the distress.

    The ECC project had been in limbo until a new management under the leadership of Danbatta, embarked on the construction and operationalisation of the ECCs across the states and the FCT in a bid to enhance President Muhammadu Buhari’s ongoing efforts at improving insecurity.

    During the lockdown occasioned by the pandemic, the ECCs played a key role by providing a platform for the public to seek information or report COVID-19 related cases by dialling ‘112’ from any of the networks. Over 1,500 COVID-19-related calls were received and processed in the peak of COVID-19 pandemic.

    Aside Abuja, Ogun and Enugu, ECCs have been activated in Katsina, Kaduna, Kano, Kwara, Plateau, Enugu, Benue, Akwa-Ibom, Cross-River, Oyo, Edo, Ondo, Ekiti, Adamawa, Kogi, Anambra and Imo states.

     

     

  • Why didn’t people accept cryptocurrency at first?

    Why didn’t people accept cryptocurrency at first?

    Today’s world is making progress ultimately. The past couple of decades have brought many undeniable technological advancements in this world. Now, this world is more like a global village with almost all the digital technologies. For instance, today, most of us use technology very frequently. We use the internet usually on our mobile phones rather than on computers. You see that technologies have consigned the world to smaller but more innovative gadgets.

    Like such technologies, another technology was also introduced almost ten years ago. This technology is Digital currency such as Cryptocurrency, central bank, and virtual currency. Among all of these, cryptocurrency is the most prominent one nowadays.

    A brief overview of cryptocurrency

    Cryptocurrency is such an online platform which allows the traders to perform online transactions, investment and depositions for highest profits. If you look around, you may probably get cryptocurrency involved in almost every business. This online platform has upgraded the view of money transactions.

    Due to the ultimate benefits and features of cryptocurrency, it is good to say that cryptocurrency will be the tradings’ future. Moreover, people nowadays are preferring cryptocurrencies over plain currencies.

    Many trading platforms like News Spy provide beneficial strategies to invest in cryptocurrency so that the traders can earn significant profits.

    Cryptocurrency and people’s response

    At the very beginning of cryptocurrency, people were not aware of cryptocurrency. When the first decentralized cryptocurrency Bitcoin was introduced in 2009, people did not show any concern about the cryptocurrency.

    At the start of cryptocurrency, people of several countries did not embrace it with an open heart. Not knowing the benefits and advantages of cryptocurrency, they kept refusing to adopt cryptocurrency for the tradings.

    Reasons why people did not accept Cryptocurrency

    Well, people’s responses to cryptocurrency were not favorable. There were many fears and risks on traders’ heads that kept them away from adopting cryptocurrency. We have analyzed and spelled the top worry for which people did not know accept cryptocurrency at first.

    1. No knowledge about cryptocurrency

    It is stated that people fear all those things they do not understand or cannot understand. So is the case with cryptocurrency, and it makes sense as well. In the beginning, people did not know who cryptocurrency works. They did not know the details about cryptocurrencies, their pros and cons, and their several platforms.

    2. An Illegal tender

    When few interested people started to search about cryptocurrency, they knew that it is not a legal one. Hence, it was regarded as an illegal platform which performs the online transaction. Till now, it is not classified as a legal tender by the government of the US. This is another reason which kept people away from cryptocurrency.

    3. Frauds associated with cryptocurrency

    Another biggest reason which did not let people embrace cryptocurrency is the fraudulent activities associated with crypto. We all know, where there is advanced technology, there are more imaginative technological scams. Moreover, people were well-aware of the online scams and fraudulent activities. This imparted a very negative effect on the traders. At first, the traders thought it better to stay away from such risks. Later on, when improved security policies were introduced in the crypto world, the crypto usage ratio rose.

    Conclusion:

    When cryptocurrency first came among the people, it was not accepted due to its several risks and fears. People kept fearing due to its uncertain market value. They fear losing all the funds and money they would invest in it. So, at that time, people thought it wise to stay away from cryptocurrency. However, when people started to know about its benefits and advantages, they positively responded to it.

  • How to flip Trade Cryptocurrency?

    How to flip Trade Cryptocurrency?

    Today, cryptocurrency is playing a substantial economic role in balancing and managing the finance of several countries. More and more people related to business and money tradings are switching to cryptocurrency for accessibility and fast speed.

    Some time ago, cryptocurrency was not that famous as it is nowadays. People in several countries used to prefer plain currencies over cryptocurrencies. Moreover, people living in underdeveloped countries did not even know about the term “Cryptocurrency.” But the things aren’t the same anymore, now underdeveloped countries are at first in the race of accepting cryptocurrency.

    There are many trading websites as well. Yuan pay group auto trader is a secure trading website that helps in flip trading cryptocurrencies.

    A brief overview of Cryptocurrency

    Cryptocurrency is a unique online decentralised system that offers numerous services related to money deposition and transaction on a friendly budget. It is a Peer-2-Peer platform for providing quality transactions at more incredible speed. Today in this modern world, people are switching to the “Flip trade cryptocurrency” to earn more profits.

    While reading this, you may wonder what is flip trading and how it works. We have analysed all the details for you in this article.

    What is flip trading?

    Flip trading is unique, specialised trading concerned with online money exchanges. Generally, flip tradings refer to trading a solid suit with a short holding duration and aiming to sell that asset into a quick and more significant profit. Today, several traders are taking out their money from plain currency and diverting it into a new and unique trading form that is Flip Trading.

    Flip trading ensures a more incredible amount of profits in an accessible and shorter way. With these tradings, the traders do not need a considerable amount of money to get started. Instead, they only require a low budget to get started and earn more through such tradings.

    How to flip trade cryptocurrency?

    Flip tradings require the investors to invest in specific steps to make more profit than the plain cryptocurrency.  Through flip tradings, one can flip certain coins for other crypto coins. Here are the steps required to FLIP trade the cryptocurrency.

    1. Investing in cryptocurrency

    The first step to flip trade cryptocurrency is to acquire a cryptocurrency and then invest in it. Generally, the best thing about trading cryptocurrencies and flipping is that you do not need to start investing with a large amount. All you need to do is invest through small but considerable amounts. You can buy various crypto coins using trading platforms like Litecoin, Paxful and many more.

    2. Establishing accounts on crypto exchanges

    For flip trading the cryptocurrencies, it is necessary to create an account on crypto exchanges first. It is always wise to switch to more than one crypto exchanges to efficiently and speedily achieve our goal. For this purpose, there are many cryptocurrency exchanges platforms such as Hitbtc, Bitterex and many more.

    All you need to do is create an account by giving the required information and building a solid password which plays an essential role in securing your account.

    3. Deposition of the Crypto Coins

    The next step is to deposit the cryptocurrency coins such as bitcoin to the exchange’s wallets. Although this is an easy step, it sometimes takes a long time, so—there is no need to worry. Once you have done the deposition, you will surely see the deposited amount in your wallet.

    Conclusion:

    Once you have deposited into the exchange wallets, you will get yourself into the flip trading cryptocurrency. For flip trading cryptocurrency, mainly bitcoin is used. It gives you the chance to earn a significant amount of profits. So it is always wise to flip trade cryptocurrency rather than plain currency and earn profits.

  • Which cryptocurrency can beat bitcoin?

    Which cryptocurrency can beat bitcoin?

    While we all know that all the cryptocurrencies created after the revolutionary invention of Bitcoin had subsequently followed the footprints of Bitcoin. Either you take Ethereum, Ripple, XRP, or any other crypto coin, it’s always a debatable question about who will dominate the rest. The bitcoin prices are today surging more than ever before.

    It has recently reached the peak of $55,000 price value and a whopping trillion-dollar market capitalization which is not easy to beat. Being the first largest decentralized platform with minimal to zero transaction fees and no third-party influence has been bitcoin’s biggest strength. That is why we’re a bit hesitant if there is any existing cryptocurrency that can actually beat bitcoin.

    Among the 500+ cryptocurrencies present, let’s dive deep to know the creation, progress, and success of all the main cryptocurrencies that have possibilities to beat bitcoin in the future.

    • Ethereum

    Ethereum has taken things to the next level by its smart contracts and D’apps technology. Founded in 2015 after Vitalik Buterin, it is a decentralized software platform that is a lot more efficient, independent, and safe than the rest of the cryptocurrencies.

    As per Oil Profit, Ethereum has the highest price value and market capitalization after bitcoin which is $2,161 and $40.6 billion respectively. By directly connecting buyers to the seller, ethereum greatly reduces the risk of fraud, lack of inefficiency, error in transactions, etc.

    • Litecoin

    An incredible invention by a co-former Google engineer in 2011, Litecoin is a silver bitcoin that works pretty well than the actual bitcoin. It has the maximum chances to take bitcoin’s place only if its value goes up.

    The reason for that is Litecoin is fast, efficient, and easy-to-make global payments. Also, it has quite a higher supply and is easily accessible at lower prices than the trillion-dollar bitcoin. However, litecoin has acquired immense popularity in the crypto world as it is globally proved as a safe, easy and effective bitcoin alternative.

    • Cardano ( ADA)

    Here comes another crypto that has captured the spotlight as the safest cryptocurrency present yet. It is also well-known as ouroboros-proof-of-stake that works on a decentralized blockchain given after the release of 90 research papers.

    Founded by Cardano, this crypto coin has offered an extremely easy, secure, and effective global financial operating system. It became a major help in making transactions and building financial products with respecting the government rules & regulations. Following the success of bitcoin, Cardono has a market cap of $9.8 billion and the lowest price value of $0.30.

    • Polka dot 

    Polka dot has a special fanbase among beginner crypto investors who are hesitant to take risks on huge capitals. It currently achieves to be on 6th rank in terms of market capitalization that is $34.3 billion. It solely works on advanced cryptocurrency software that ensures the complete security of all the permissioned and permission less blockchains. The system on which polka dot works allows the cryptocurrency exchange and their feasible use. This interoperability of blockchain excels it from bitcoin in terms of privacy that is only used by Polkadot. One coin of polka dot today trades at an average price value of $12.54.

    • Bitcoin Cash

    One of the most anticipated and credible altcoins we have on the list. Bitcoin cash was founded in 2017 and considered an outcome of the split happening between different digital currencies. The idea that backed the creation of bitcoin cash was to introduce crypto that is both profitable and scalable.

    The greater the scaling of a crypto more the blocks attached in any blockchain technology. Bitcoin cash is also one of the other effective alternatives of bitcoin with a market cap of $8.9 billion and a price value of $513.45.

    Conclusion:

    Bitcoin is one of the leading cryptocurrency at the moment and its market value has exceeded $55,000, which is insane. However, other cryptocurrencies have the potential to beat bitcoin and become top currency.