5 Cryptocurrencies Redditors are Buying for 2022 and Beyond

2. Ethereum

Ethereum is the second-largest coin by market capitalization. Even though the coin is presently cheaper to Bitcoin, analysts expect it to outperform Bitcoin in the long run. This is because it offers faster speeds compared to Bitcoin and the mining methods for it are less damaging to the environment as well since they consume less power. Developers of the currency are working to increase the transaction speeds on the network. The aim is to increase speeds from 15 transactions per second to tens of thousands transactions per second. 

These changes could come into force by 2022, which is one reason why Redditors are investing in the Ethereum network. The consensus mechanism for the network is also in the process of transition from proof-of-work to proof-of-stake. The Ethereum coin was developed by Vitalik Buterin, a Russian-Canadian computer programmer.