4 Essential Cryptocurrencies.
Bitcoin has been known by many to be probably the most famous decentralized cryptocurrency. However, besides bitcoin there exists other altcoins that confer a good value as well. Are you interested in researching 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. Just like bitcoin, Litecoin is not controlled by any central authority. It uses ”scrypt” as proof work. Different from bitcoin, Litecoin has a faster block generation rate. Which means that it offers 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.
2. Ethereum (ETH)
It was launched in the entire year 2015. ETH is a decentralized software platform. It enables Distributed Applications and Smart Contracts to be built and run without downtime, fraud, control or alternative party interference bitcoin. There exists a factor called ether which acts 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 2nd most critical cryptocurrency from bitcoin.
3. Zcash (ZEC)
Just like other altcoins, Zcash is definitely an open-source and decentralized cryptocurrency. It was launched in the entire year 2016. This cryptocurrency is famous to offer privacy and selective transparency of transactions. It’s a distinctive feature distinctive from other altcoins, isn’t it?
ZEC claims to offer extra security where all the transactions are recorded and published on a blockchain. However, finer details concerning the sender and recipient, and the total 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 the same month.
It was originally referred to as darkcoin. Dash is a more secretive version of bitcoin. The working of Dash makes transactions almost untraceable. This because it offers anonymity because it works on a decentralized mastercode network.
Dash was launched in January 2014. Ever since then it’s experienced an increase in fan following despite the short period of time. The cryptocurrency was produced by Evan Duffield. It may be mined utilizing 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
In summary, it will be correct to express that bitcoin has distinguished itself as a trendsetter. The world has experienced a trend of cryptocurrencies which can be built on a decentralized peer-to-peer network. Therefore bitcoin has become the de facto standard for cryptocurrencies.