Other Coins

To start this I hope by now you understand that they are many other coins out there not just bitcoin. Bitcoin may be the mother coin but they are loads more that may do a better job. Below is a list of some of the coins that I really like and also have a small amount of. I will try and give a brief description about the coin.

Omise-Go: Think of omise-go (OMG) to be like a ATM machine. You buy a OMG token is like buying a ATM machine and every time someone uses the ATM you get paid a small percent of the fee as your token will be validating the transaction. The main purpose of OMG is to allow people to use many other currency's to make a transaction. In Thailand, McDonald's have introduced the OMG system and can now accept many major crypto currency's.



Waves: This coin is similar to Omise-Go in some ways but its main function is to allow anyone to create a coin based on the waves platform. For example I can make a WIT coin that can only be used in WIT without having to learn much about the tech behind it. This can allow anyone to delve into their own coins for whatever reason.








Ethereum: This is the backbone of many coins that have been created over time, its one of the main competitors of bitcoin. The main function of Ethereum is to allow other coins to be created using its code however, this is not the same as the Waves coin because you need to be a lot more tech savvy to do this.







Neo: This is the exact same as Ethereum and was created by the Chinese to fight Ethereum. It is used for building other coins on its code. One clear advantage of holding NEO coin in your wallet is it allows you to generate Gas which in itself is worth a lot. So basically it is a dividends coin meaning the more you hold the more GAS you will get.




These are the main coins that I hold for the long-term and don't plan on getting rid of for a few years at least. I did not include Bitcoin in the list as anyone involved in holding coins should at least have some Bitcoin to their name.

Thanks for reading!!!!