Bitcoin has been recognized by many to be the best famous decentralized cryptocurrency. But, besides bitcoin there exists some other altcoins which confer a fantastic value as well. Are you keen on learning about other cryptocurrencies? Effectively, bitcoin is not on your own. Here are others.
1. Litecoin (LTC)
Statistics indicate that as of July 2018, Litecoin had per token value of $87.56. The coin was developed by former Google engineer and MIT graduate called Charlie Lee. Just love bitcoin, Litecoin is not governed by any main authority. It uses’ scrypt’ as proof of work. Different from bitcoin, a faster block generation rate has been gotten by Litecoin. What this means is that it comes with a faster transaction confirmation.
The coin is grounded on an open source worldwide transaction network. The coin is often acknowledged by merchants with the number growing every single day. In July 2018, it’d a market cap of $5.03 billion.
2. Ethereum (ETH)
It was launched in the entire year 2015. ETH is a decentralized software platform. blockchain news enables Distributed Applications and Smart Contracts to be created and run without downtime, fraud, control or third party interference. There exists a component called ether which in turn works like a vehicle within the ethereum platform. Developers seeking to develop and manage applications within ethereum and investors aiming to purchases other digital currencies would be the most interested individuals in ether.
Value per token of ethereum as of July 2018 was $474.66 and a market cap of $47.84. Ethereum is the 2nd most crucial cryptocurrency from bitcoin.
3. Zcash (ZEC)
The same as other altcoins, Zcash is a decentralized and open-source cryptocurrency. It was launched in the year 2016. This cryptocurrency can provide privacy and discerning transparency of transactions. It is a distinctive feature different from various other altcoins, isn’t it?
ZEC claims to provide additional protection where all the transactions are recorded as well as printed on a blockchain. Nevertheless, finer specifics concerning the sender and receiver, thus the amount are kept private. Statistics indicate that as of July 2018, Zcash had per token value of $206.23. It’d a market cap of $904.85 in a single month.
It was originally called darkcoin. Dash is a more secretive model of bitcoin. The working of Dash can make transactions nearly untraceable. This as it provides anonymity since it operates on a decentralized mastercode network.
Dash was released in January 2014. Since then it’s experienced an increase in fan following regardless of the quite short stretch of time. The cryptocurrency was developed by Evan Duffield. It can be mined using a CPU. or a GPU Studies point that in July 2018, Dash had a market cap of $2.19 billion and value per token of $266.58.
Other top cryptocurrencies include Ripple (XRP), Monero (XMR), Bitcoin Cash (BCH), NEO (NEO), Cardano (ADA) and EOS (EOS).
Bottom line In conclusion, it will be correct to say that bitcoin has distinguished itself as a trendsetter. The world has encountered a wave of cryptocurrencies that are built on a decentralized peer-to-peer system. Therefore bitcoin is now the de facto standard for cryptocurrencies.