Bitcoin has been known by many to be the most well-known decentralized cryptocurrency. However , besides bitcoin there exists other altcoins that confer a great value as well. Are you interested in learning about other cryptocurrencies? Well, bitcoin is not really alone. Here are others.
1 . Litecoin (LTC)
Statistics show that since July 2018, Litecoin had per token value of $87. 56. The particular coin was created by former Search engines engineer and MIT graduate called Charlie Lee. Just like bitcoin, Litecoin is not controlled by any main authority. It uses ”scrypt” as evidence of work. Different from bitcoin, Litecoin has a faster block generation rate. This means that it offers a faster deal confirmation.
The coin is based on an open source global payment network. The coin is generally accepted by retailers with the number growing each day. In July 2018, it had a marketplace cap of $5. 03 billion dollars.
2 . Ethereum (ETH)
It was released in the year 2015. ETH is a decentralized software platform. It enables Distributed Applications and Smart Contracts to be built and run with no downtime, fraud, control or third party interference. There exists a component called azure which acts like a vehicle within the ethereum platform. Developers seeking to develop and run applications within ethereum and investors aiming to purchases additional digital currencies are the most interested parties in ether.
Value per token of ethereum as of July 2018 was $474. 66 and also a market cap of $ forty seven. 84. Ethereum is the second most significant cryptocurrency from bitcoin.
3. Zcash (ZEC)
Just like other altcoins, Zcash is an open-source and decentralized cryptocurrency. It was launched in the year 2016. This cryptocurrency is known to offer privacy and selective transparency of dealings. It’s an unique feature different from various 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 information involving the sender and recipient, and the amount are kept private. Data show that as of July 2018, Zcash had per token value of $206. 23. It had a market cap of $904. 85 in the same month.
It was originally known as darkcoin. Dash is 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 has experienced an increase in fan following despite the short period of time. The cryptocurrency was created by Evan Duffield. It could be mined using a GPU or a PROCESSOR. 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 consist of Ripple (XRP), Monero (XMR), Bitcoin Cash (BCH), NEO (NEO), Cardano (ADA) and EOS (EOS).
Main point here
In conclusion, it would be correct to say that bitcoin has distinguished itself like a trendsetter. The world has experienced the wave of cryptocurrencies that are built on a decentralized peer-to-peer network. Consequently bitcoin has become the de facto standard for cryptocurrencies.