Bitcoin has led the crypto world for a long time, and so much so that the terms crypto and Bitcoin are used interchangeably. However, the truth is, digital currency is not limited to Bitcoin. There are many types of crypto currencies that are part of the crypto world. The purpose of this post is to educate our readers about money other than Bitcoin to give them a number of options to choose from – if they want to make crypto currencies.
So let’s start with the first name on our list, which is:
Established in 2011, Litecoin is often referred to as the ‘golden gold of Bitcoin.’ Charlie Lee – a graduate of MIT and an engineer at Google – is the founder of Litecoin.
Like Bitcoin, Litecoin is a payment method, which works without a major controller.
Litecoin is similar to Bitcoin in many ways and often leads people to think: “Why not go with Bitcoin? It’s all the same!”. Here’s the catch: the Litecoin generation is faster than Bitcoin’s! and this is a major reason why traders around the world are so open to accepting Litecoin.
Another open source, trial program. The fund was launched in 2015 and supports Smart Contracts and Shared Software to be built and operated with no downtime.
To use the Ethereum platform requires a cryptographic signal – Ether. According to the makers of Ethereum, the brand can be used to sell, protect, and distribute almost anything.
Ethereum suffered a crash in 2016 that saw the money split into two parts: Ethereum and Ethereum Classic.
In the competition for cryptocurrencies, Ethereum is the second most popular and behind Bitcoin.
Zcash was released at the end of 2016. The currency describes itself as: “if Bitcoin is like a http http, Zcash and https”.
Zcash promises to provide transparency, security, and privacy for sales. The fee also provides an opportunity to exchange and ‘secure’ options for users to transfer the password type.
When you find:
Dash was originally a secret type of Bitcoin. It is also known as ‘Darkcoin’ for hiding.
Dash is famous for providing an anonymous name that allows its users to create unseen events.
The currency first appeared on the digital market in 2014. Since then, it has been heavily influenced by short-term follow-up.
With an over $ 1bn market share, Ripple is the last name on our list. The fund was launched in 2012 and offers instant, secure, and affordable funding.
Ripple’s affiliate book does not require mining, something that makes it different from Bitcoin and other major crypto currencies.
Mining deficiencies reduce the power of the computer which ultimately slows down delays and creates faster performance.
While Bitcoin continues to dominate the crypto package, rivals are taking a toll. Currencies like Ethereum and Ripple have surpassed Bitcoin in corporate responses and are growing in popularity with each passing day. Following this, other cryptos have been here to stay and have given Bitcoin a hard time staying strong.