Many consider Bitcoin to be the most well-known decentralized cryptocurrency. However, in addition to bitcoin, there are a variety of altcoins that have significant value. Do you want to learn more about other cryptocurrencies? Well, bitcoin isn’t the only one. Here are a few more.
Litecoin is number one (LTC)
According to statistics, the value of Litecoin per token was $87.56 in July 2018. Charlie Lee, a former Google developer and MIT graduate, designed the coin. Litecoin, like bitcoin, is not governed by a central authority. As a proof of work, it employs “scrypt.” Litecoin, in contrast to bitcoin, has a faster block production rate. As a result, it allows for a speedier confirmation of transactions.
The coin is built on a global payment network that is open source. Merchants accept the coin in large numbers, and the number is expanding every day. It has a market capitalization of $5.03 billion in July 2018.
Ethereum is number two (ETH)
It was first released in 2015. ETH is a software platform that is decentralized. It enables the development and execution of Distributed Applications and Smart Contracts with no downtime, fraud, control, or third-party interference. Within the ethereum platform, there is a component called ether that works as a vehicle. The most interested parties in ether are developers looking to create and run apps in the Ethereum platform, as well as investors looking to buy other digital currencies.
As of July 2018, the price of an ethereum token was $474.66, with a market capitalization of $ 47.84. After bitcoin, Ethereum is the second most important cryptocurrency.
Zcash is number three (ZEC)
Zcash, like other cryptocurrencies, is a decentralized and open-source cryptocurrency. It was first released in the year 2016. This cryptocurrency is notable for providing transaction secrecy and selective transparency. Isn’t it a feature that sets it apart from other altcoins?
ZEC claims to provide additional security by recording and publishing all transactions on a blockchain. However, the sender and recipient’s names, as well as the money, are kept hidden. According to statistics, Zcash had a per coin value of $206.23 in July 2018. In the same month, it had a market capitalization of $904.85.
4. the dash
Darkcoin was its initial name. Dash is a less transparent version of bitcoin. Dash’s operation makes transactions virtually untraceable. This is because it uses a decentralized mastercode network to offer anonymity.
Dash was first released in January of 2014. Despite the short length of time since then, it has seen a surge in fan following. Evan Duffield invented the cryptocurrency. A GPU or a CPU can be used to mine it. According to research, Dash had a market valuation of $2.19 billion and a value per token of $266.58 in July 2018.
Ripple (XRP), Monero (XMR), Bitcoin Cash (BCH), NEO (NEO), Cardano (ADA), and EOS are some of the most popular cryptocurrencies (EOS).
In conclusion, it is fair to state that bitcoin has established itself as a trend-setter. A wave of cryptocurrencies based on a decentralized peer-to-peer network has swept the globe. As a result, bitcoin has become the de facto cryptocurrency standard.