Bitcoin has led the world of Crypto for so long, and is very dominant that the term Crypto and Bitcoin are often used alternately. However, the reality is, the digital currency does not only consist of Bitcoin. There is a lot of other crypto currencies which are part of the world of Crypto. The purpose of this post is to educate our readers about Cryptocurrency besides Bitcoin to provide it with various choices to choose from – if they intend to make Crypto-Investments.
So let’s start by the first name on our list, namely:
Launched in 2011, Litecoin is often referred to as ‘silver to Bitcoin gold.’ Charlie Lee – Mit Graduate and former engineer on Google – is the founder of Litecoin.
Similar to Bitcoin, Litecoin is a decentralized source payment network, open source that functions without the Central Authority.
Litecoin is similar to Bitcoin in many ways and often makes people think: “Why not go with Bitcoin? Both are similar!”. This is the catch: making Litecoin blocks is much faster than Bitcoin! And this is the main reason why traders around the world are more open to receiving Litecoin.
Other open sources, decentralized software platforms. The currency was launched in 2015 and allows intelligent contracts and distributed applications to be built and run without downtime.
Applications on the Ethereum platform requires certain cryptographic tokens – ether. According to the core ethereum developer, tokens can be used to trade, safe, and decentralize anything.
Ethereum suffered an attack in 2016 who saw the currency divided into two parts: Ethereum and Ethereum Classic.
In the leading Cryptocurrency race, the second most popular ethereum and right behind Bitcoin.
ZCash comes out in the next section of 2016. The currency defines itself as: “If Bitcoin like HTTP for money, ZCash is HTTPS”.
ZCash promised to provide transparency, security and privacy of transactions. The currency also offers the ‘protected’ transaction option so that users can transfer data in the form of encrypted code.
The Dash was originally the Bitcoin secret version. This is also known as ‘Darkcoin’ because of its confidential nature.
Dash is very popular to offer expanded anonymity that allows users to make transactions not possible to be tracked.
The currency first appeared on the digital market canvas in 2014. Since then, has experienced large fans after a very short time span.
With more than $ 1 billion market capitalization, Ripple is the last name in our list. The currency was launched in 2012 and offered instant, safe and inexpensive payments.
The ledger consensus ripple does not require mining, features that make it different from Bitcoin and other mainstream crypto currencies.
The lack of mining reduces computing power which ultimately minimizes latency and makes transactions faster.