Bitcoin has been known by many to be probably the most famous decentralized cryptocurrency. However, besides bitcoin there exists other altcoins that confer a great value as well. Have you been interested in learning about other cryptocurrencies? Well, bitcoin is not alone. Listed here are others.
1. Litecoin (LTC)
Statistics reveal that at the time of July 2018, Litecoin had per token value of $87.56. The coin was produced by former Google engineer and MIT graduate named Charlie Lee. The same as bitcoin, Litecoin is not controlled by any central authority. It uses ”scrypt” as proof of work bitkub. Distinctive from bitcoin, Litecoin has a quicker block generation rate. This means that it provides a faster transaction confirmation.
The coin is founded on an open source global payment network. The coin is generally accepted by merchants with the quantity growing each day. In July 2018, it’d a market cap of $5.03 billion.
2. Ethereum (ETH)
It had been launched in the season 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 third party interference. There exists a component called ether which acts just like a vehicle within the ethereum platform. Developers seeking to develop and run applications within ethereum and investors aiming to purchases other digital currencies are probably the 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 critical cryptocurrency from bitcoin.
3. Zcash (ZEC)
The same as other altcoins, Zcash can be an open-source and decentralized cryptocurrency. It had been launched in the season 2016. This cryptocurrency is famous to offer privacy and selective transparency of transactions. It’s a distinctive feature different from other altcoins, isn’t it?
ZEC claims to offer extra security where all of the transactions are recorded and published on a blockchain. However, finer details concerning the sender and recipient, and the amount are kept private. Statistics reveal that at the time of July 2018, Zcash had per token value of $206.23. It had a market cap of $904.85 in exactly the same month.
It had been 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 gives anonymity because it works on a decentralized mastercode network.
Dash was launched in January 2014. Since then it has experienced a rise in fan following inspite of the short period of time. The cryptocurrency was produced by Evan Duffield. It could be mined employing a GPU or even 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
To conclude, 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 is among the most de facto standard for cryptocurrencies.