What Are Top 5 Cryptocurrencies Besides Bitcoin?
Bitcoin has lead the crypto world for so very long, and so dominantly that the terms crypto and Bitcoin are usually used interchangeably. But, the truth is, the electronic currency doesn’t only comprise of Bitcoin. There are several other crypto currencies which are a part of the crypto world. The objective of this post is usually to educate our readers on cryptocurrencies aside from Bitcoin to provide them with a broad range of selections to pick out from – if they intend on making crypto-investments.
So why shiba inu coin price ‘t we get started with the first name on the list of ours, that is:
Launched in 2011, Litecoin is often referred to as’ silver to Bitcoin’s gold.’ Charlie Lee – mit graduate and Former engineer at Google – could be the founding father of Litecoin.
Similar to Bitcoin, Litecoin is a decentralized, open source payment network which functions without a central authority.
Litecoin is similar to Bitcoin in ways that are many and often leads consumers to think: “Why not go with Bitcoin? Both are similar!”. Here is a catch: the block generation of Litecoin is a great deal faster than that of Bitcoin! and this’s the main reason why merchants all over the world are starting to be more open to accepting Litecoin.
Another open source, decentralized software platform. The currency was launched in 2015 and enables Smart Contracts and Distributed Applications to be developed and managed without any downtime.
The applications on Ethereum platform require a specific cryptographic token – Ether. As per the main developers of Ethereum, the token can be used to trade, secure, and decentralize just about anything.
Ethereum experienced an attack in 2016 which saw the currency split into two parts: Ethereum and Ethereum Classic.
In the race of leading cryptocurrencies, Ethereum is second most widely used and is right behind Bitcoin.
Zcash came out in the later part of 2016. The currency defines itself as: “if Bitcoin is as http for money, Zcash is https”.
Zcash promises to provide privacy, security, and transparency of transactions. The currency even offers an opportunity of’ shielded’ transaction so the users are able to transfer data in the form of encrypted code.
Dash is originally a secretive version of Bitcoin. It is commonly known as as’ Darkcoin’ as a result of its secretive nature.
Dash is popular for offering an expanded anonymity which allows its users to make transactions not possible to trace.
The currency first appeared on the canvas of digital market in the year 2014. Ever since then, it has experienced a huge fan following over a very quick span of time.
With a market capitalization of over $1bn, Ripple is the end name on our list. The currency was launched in 2012 and offers low-cost, secure, and instant payments.
The consensus ledger of Ripple doesn’t require mining, a feature which makes it different from Bitcoin and other mainstream crypto currencies.
The absence of mining reduces the computing power which ultimately minimizes the latency and makes transactions faster.
Although Bitcoin continues to lead the pack of crypto, the rivals are picking up the pace. Currencies like Ethereum and Ripple have surpassed Bitcoin in enterprise solutions and are growing in popularity daily. Going by the trend, one other cryptos are here to stay and will soon be giving Bitcoin a real tough time to maintain its stature.