What are the top 5 cryptocurrencies other than Bitcoin?
Written by James Smith
Bitcoin has led the world of cryptocurrencies for so long and in such a dominant way that the terms crypto and Bitcoin are often used interchangeably. However, the truth is that digital currency is not just part of Bitcoin. There are many other cryptocurrencies that are part of the crypto world. The purpose of this post is to educate our readers on non-Bitcoin cryptocurrencies to provide them with a wide range of options to choose from, if they intend to make crypto investments.
So, let's start with the first name on our list, i.e .:
Litecoin:
Launched in 2011, Litecoin is often referred to as 'Bitcoin silver to gold'. Charlie Lee, a MIT graduate and former Google engineer, is the founder of Litecoin.
Similar to Bitcoin, Litecoin is an open source, decentralized payment network that works without a central authority.
Litecoin is similar to Bitcoin in many ways and often leads people to think, "Why not go with Bitcoin? They are both similar!" Here's a problem: Litecoin's block generation is much faster tha
Bitcoin's! And this is the main reason why merchants around the world are increasingly open to accept Litecoin.
Ethereum:
Another decentralized open source software platform. The coin was launched in 2015 and enables the creation and execution of smart contracts and distributed applications without downtime.
Applications on the Ethereum platform require a specific cryptographic token: Ether. According to the main Ethereum developers, the token can be used to trade, secure and decentralize almost anything.
Ethereum experienced an attack in 2016 that saw the coin split into two parts: Ethereum and Ethereum Classic.
In the major cryptocurrency race, Ethereum is the second most popular and is right behind Bitcoin.
Zcash:
Zcash came out in late 2016. The coin defines itself as: "if Bitcoin is like http for money, Zcash is https".
Zcash promises to provide transparency, security and privacy of transactions. The coin also offers the option of 'shielded' 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 secret nature.
Dash is popular for offering expanded anonymity that allows its users to make transactions impossible to track.
The coin first appeared on the canvas of the digital market in 2014. Since then, it has experienced a large following in a very short period of time.
Wave:
With a market capitalization of over $ 1 billion, Ripple is the last name on our list. The coin was launched in 2012 and offers low-cost, secure and instant payments.
Ripple's consensus book does not require mining, a feature that makes it different from Bitcoin and other conventional crypto currencies.
Lack of mining reduces computing power, which ultimately minimizes latency and streamlines transactions.
Wrap:
Although Bitcoin continues to lead the crypto package, rivals are accelerating the pace. Currencies like Ethereum and Ripple have outperformed Bitcoin in business solutions and are growing in popularity every day. Following the trend, the other crypts are here to stay and will soon give Bitcoin a really difficult time to maintain its stature. For more click here https://www.coingecko.com/en/coins/quantstamp
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Dash is popular for offering expanded anonymity that allows its users to make transactions impossible to track.
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