Bitcoin has dominated the world of cryptocurrencies for so long that it is so dominant that the terms crypto and Bitcoin are often interchangeable. But the truth is that digital currency is not just about Bitcoin. There are numerous other cryptocurrencies that are part of the crypto world. The purpose of this article is to educate our readers about cryptocurrencies other than Bitcoin, to give them a wider choice to choose between those who intend to invest in crypto.
So let’s start with the first name on our list, namely:
Litecoin:
Launched in 2011, Litecoin is often referred to as “silver for Bitcoin gold”. Charlie Lee is an MIT graduate and former Google engineer who is the founder of Litecoin.
Like Bitcoin, Litecoin is a decentralized, open source payment network that operates without a central authority.
Litecoin is similar to Bitcoin in many ways, and often makes people think, “Why not go with Bitcoin? Both are similar!”. Here’s a catch: Litecoin’s blockchain generation is faster than Bitcoin! and this is the main reason why traders all over the world are more open to accepting Litecoin.
Ethereum:
Another open source, decentralized software platform. Currency was launched in 2015 and allows you to set up and operate Smart Contracts and Distributed Applications without interruption.
Applications on the Ethereum platform require a special cryptographic token – Ether. According to the main developers of Ethereum, the token can be used for any trade, security and decentralization.
Ethereum experienced an attack in 2016, which saw the currency split into two parts: Ethereum and Ethereum Classic.
Ethereum is the second most popular in the leading cryptocurrency race, and immediately after Bitcoin.
Zcash:
Zcash came out in the next part of 2016. The currency defines itself as: “If Bitcoin is like http for money, Zcash is https.”
Zcash promises transparency, security and confidentiality of transactions. Currency also offers a “secure” transaction option so that users can transfer data in encrypted code.
Tire:
Dash is initially a secret version of Bitcoin. Also known as “Darkcoin” due to its hidden nature.
Dash is known for offering extended anonymity, which allows users to make transactions impossible to track.
The currency first appeared on the digital market in 2014. Since then, he has met a huge fan in a very short time.
Ripple:
With a market capitalization of more than $ 1 billion, Ripple is on our list. The currency was launched in 2012 and offers instant, secure and inexpensive payments.
Ripple’s book of consensus does not require mining, a feature that distinguishes it from Bitcoin and other major cryptocurrencies.
The absence of the stomach reduces the computing power, and as a result minimizes delays and speeds up operations.
Whole:
While Bitcoin continues to lead the cryptocurrency package, competitors are accelerating. Currencies like Ethereum and Ripple have overtaken Bitcoin in corporate solutions and are growing in popularity every day. According to the trend, other cryptocurrencies are ready to stay here and will soon have a really difficult time to maintain their power over Bitcoin.