Bitcoin has been known by many to be the absolute most famous decentralized cryptocurrency. However, besides bitcoin there exists other altcoins that confer a good value as well. Have you been thinking about studying other cryptocurrencies? Well, bitcoin isn’t alone. Listed below are others.
- Litecoin (LTC)
Statistics show that at the time of July 2018, Litecoin had per token value of $87.56. The coin was developed by former Google engineer and MIT graduate named Charlie Lee. The same as bitcoin, Litecoin isn’t controlled by any central authority hotgraph. It uses ”scrypt” as proof of work. Distinctive from bitcoin, Litecoin has a quicker block generation rate. This means that it provides a faster transaction confirmation.
The coin is dependant on an open source global payment network. The coin is generally accepted by merchants with the number growing each day. In July 2018, it had a market cap of $5.03 billion.
- Ethereum (ETH)
It was launched in the year 2015. ETH is just a decentralized software platform. It enables Distributed Applications and Smart Contracts to be built and run without downtime, fraud, control or alternative party interference. There exists a factor called ether which acts like a vehicle within the ethereum platform. Developers seeking to produce and run applications within ethereum and investors aiming to purchases other digital currencies are the absolute most interested parties in ether.
Value per token of ethereum at the time of July 2018 was $474.66 and a market cap of $ 47.84. Ethereum is the second most significant cryptocurrency from bitcoin.
- Zcash (ZEC)
The same as other altcoins, Zcash is definitely an open-source and decentralized cryptocurrency. It was launched in the year 2016. This cryptocurrency is famous to provide privacy and selective transparency of transactions. It’s a unique feature different from other altcoins, isn’t it?
ZEC claims to provide extra security where all the transactions are recorded and published on a blockchain. However, finer details relating to the sender and recipient, and the amount are kept private. Statistics show that at the time of July 2018, Zcash had per token value of $206.23. It’d a market cap of $904.85 in exactly the same month.
It was originally referred to as darkcoin. Dash is just a more secretive version of bitcoin. The working of Dash makes transactions almost untraceable. This because it provides anonymity since it works on a decentralized mastercode network.
Dash was launched in January 2014. Since then it’s experienced an increase in fan following regardless of the little while of time. The cryptocurrency was developed by Evan Duffield. It may be mined using a GPU or perhaps a CPU. Studies indicate 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).
Main point here
In conclusion, it would be correct to express that bitcoin has distinguished itself as a trendsetter. The world has experienced a wave of cryptocurrencies which are built on a decentralized peer-to-peer network. Therefore bitcoin has become the de facto standard for cryptocurrencies.