Bitcoin has led the crypto world for so long and is so dominant that the terms crypto and Bitcoin are often used interchangeably. However, the truth is that digital currency is not just about Bitcoin. There are many other cryptocurrencies that are part of the cryptographic world. The purpose of this post is to educate our readers about cryptocurrencies other than Bitcoin to offer them a wide range of options to choose from, if they intend to make cryptocurrencies.
So let’s start with the first name on our list, which is:
Litecoin:
Launched in 2011, Litecoin is often referred to as “Bitcoin Gold Silver”. Charlie Lee, an MIT graduate and former Google engineer, is the founder of Litecoin.
Similar to Bitcoin, Litecoin is a decentralized, open source payment network that operates without a central authority.
Litecoin is similar to Bitcoin in many ways and often makes you think, “Why not go with Bitcoin? They’re both alike!” Here’s a trick: Generating Litecoin blogs is a lot faster than Bitcoin! and this is the main reason why merchants around the world are increasingly open to accepting Litecoin.
Ethereum:
Another decentralized and open source software platform. The currency was launched in 2015 and allows you to create and run smart contracts and distributed applications without any downtime.
Ethereum platform applications require a specific cryptographic token: Ether. According to Ethereum’s lead developers, the token can be used to trade, secure, and decentralize just about anything.
Ethereum experienced an attack in 2016 that saw the currency split into two parts: Ethereum and Ethereum Classic.
In the career of the leading cryptocurrencies, Ethereum is the second most popular and is just behind Bitcoin.
Zcash:
Zcash came out in the latter part of 2016. The currency is defined as, “if Bitcoin is like http for money, Zcash is https.”
Zcash is committed to providing transparency, security and privacy for transactions. The currency also offers the option of “protected” transaction so that users can transfer data in the form of encrypted code.
Script:
Dash is originally a secret version of Bitcoin. It is also known as “Darkcoin” due to its secretive nature.
Dash is popular for providing extended anonymity that allows its users to make transactions impossible to track.
The currency first appeared on the digital market in 2014. Since then, it has experienced a large fan following over a very short period of time.
Wave:
With a market capitalization of over $ 1 billion, Ripple is the last name on our list. The currency was launched in 2012 and offers instant, secure and low-cost payments.
Ripple’s consensus book does not require mining, a feature that makes it different from Bitcoin and other conventional cryptocurrencies.
Lack of mining reduces computing power which ultimately minimizes latency and makes transactions faster.
Wrap:
While Bitcoin continues to lead the crypto package, rivals are picking up the pace. Currencies like Ethereum and Ripple have overtaken Bitcoin in business solutions and are growing in popularity every day. Following the trend, the other cryptocurrencies have come to stay and will soon give Bitcoin a very difficult time to maintain its stature.