One of the doubts that arise when starting to invest in cryptocurrencies is its instability. For this reason, stablecoins, or stablecoin as they are usually known, can be an alternative to anchor their value to Fiat money. One of the most innovative projects is DAI.

DAI is a decentralized stablecoin, which, like bitcoin, has the advantages of security, confidentiality, independence and availability.

DAI is backed by assets that are constantly adjusted to give value stability (parity with the US dollar).

Unlike other stablecoins, the assets that support DAI they are not in a traditional bank, but are stored digitally and publicly on the Ethereum blockchain.

For this reason it is not controlled by any financial entity or nation, so no one can block your funds. Main features:

• Stable value: You can always exchange 1 DAI digital dollar for 1 US dollar and vice versa. This helps protect you from hyperinflation.
• Backed by real dollars: Every DAI digital dollar is backed by assets held in public and visible smart contracts. Each DAI is overcollateralized, the value of the assets exceeds the value of DAI in circulation.
• It works through Ethereum: DAI is an ERC-20 token that works on the open source Ethereum network. This gives PEY.cash users full control of their money and the freedom to send and receive from any Ethereum digital wallet.
• Global Transactions: You can move DAI digital dollars internationally, send remittances and pay in a large number of physical and online stores.

More information about DAI at: https://makerdao.com/es/

Where can we pay with DAI

It is already possible to pay with cryptocurrencies on the Official Magic Hair website and you do not have to do anything special. It is totally intuitive. You have the following option:

• You can browse the Magic Hair Official website as normal and when the time comes to pay you will be asked how you prefer to do it: Cryptocurrencies, credit card, PSE, Cash on Delivery? You will be redirected to the COINBASE COMMERCE payment gateway and there it will be time to choose your preferred cryptocurrency, in this case Dai.

The best cryptocurrencies

Although it is something new for many and very recent, there are currently some 2,000 cryptocurrencies on the market. An overwhelming offer that makes it essential to know which ones work best. What is clear is that the advantages of using them are numerous. We will cite four of them.

• One of its great values ​​is the speed with which transactions are carried out, which sometimes does not exceed a few seconds.
• Its operation is also transparent as it is not centralized in a single organization as is the case with the dollar or the euro, to give two examples. Anyone can access the ledger, something that would be unthinkable with traditional currencies.
• Another unique feature of cryptocurrencies is their hacker-proof security. Likewise, operations cannot be reversed except by the person receiving the payment.
• International operations are easier when operating with a common currency that is increasingly accepted by more and more companies and financial institutions.

Taking into account its advantages, we are going to review the best cryptocurrencies that currently exist in the world and that have a greater market capitalization.

• Bitcoin . Although it has suffered numerous ups and downs, Bitcoin, the first cryptocurrency to hit the market, still occupies the first position in all the lists. Experts say that its trend is upward, although it has increasing competition.
• ethereum . It is the second most used cryptocurrency after Bitcoin. It is more varied by allowing the development of smart contracts with its platform.
• Litecoin , created by ex-Google employee Charlie Lee in 2011, was released as an alternative to bitcoin.
• Bitcoin Cash . Generated to process more transactions per second than Bitcoin.
• DAI : A virtual currency that can be used by anyone, anywhere and at any time. Dai is a stable, decentralized currency that does not discriminate.
• USD Coin : The USD Coin (USDC) is a type of cryptocurrency that is also called “Stablecoin” or stable price. So called thanks to the fact that each USDC is backed by one US dollar, reserved in a bank account .