Bitcoin has ruled the crypto world for so long, so prevalent that the terms crypto-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 crypto world. The purpose of this post is to educate our readers about cryptocurrencies other than bitcoin, to provide them with a wide range of choices if they intend to make cryptocurrencies.
So let’s start with the first name on our list, ie.
Litecoin:
Launched in 2011, Litecoin is often referred to as “silver bitcoin gold”. Charlie Lee, a MIT graduate and former Google engineer, is the founder of Litecoin.
Like Bitcoin, Litecoin is a decentralized, open source payment network with no central government.
Litecoin is similar to Bitcoin in many ways և often makes people think. “Why not go to bitcoin? “Both are similar.” Here is a hunt. The generation of Litecoin blocks is much faster than Bitcoin. : This is the main reason why traders around the world are becoming more open to accepting Litecoin.
Ethereum:
Another open source, decentralized software platform. The currency was launched in 2015 Smart allows Smart Contracts ստեղծել Create Distributed Applications և Run without any disruption.
Ethereum platform applications require a special cryptographic symbol – Ether. According to the main developers of Ethereum, the sign can be used for trading, security and decentralization for almost anything.
Ethereum was attacked in 2016, as a result of which the currency was divided into two parts: Ethereum և Ethereum Classic.
Ethereum is the second most popular cryptocurrency race, second only to Bitcoin.
Zcash:
Zcash came out in late 2016. The currency defines itself as follows. “If Bitcoin is like http for money, Zcash is https.”
Zcash promises transaction transparency, security և privacy. Currency also offers a “protected” transaction option so that users can transfer data in encrypted form.
Line:
Dash was originally a secret version of Bitcoin. It is also known as “Darkcoin” because of its secret nature.
Dash is known for offering extended anonymity, which allows its users to make transactions impossible.
The currency first appeared on the digital market in 2014. Since then, it has had a huge fan base in a very short time.
Ripple.
With a market capitalization of over $ 1 billion, Ripple is on our list. Launched in 2012, the currency offers instant, secure, cheap payments.
Ripple Consensus Book does not require mining, a feature that distinguishes it from bitcoin and other major cryptocurrencies.
Lack of mining reduces computing power, which ultimately minimizes delays and speeds up transactions.
Wrap.
While Bitcoin continues to lead the crypto package, competitors are accelerating. Ethereum նման currencies like Ripple have surpassed bitcoin in business solutions են are growing in popularity day by day. Following the trend, the other cryptocurrencies will stay here և will soon give bitcoin a really hard time maintaining its height.