Bitcoin has been known by many to be probably the most famous decentralized cryptocurrency. However, besides bitcoin there exists other altcoins that confer a good value as well. Have you been thinking about learning about other cryptocurrencies? Well, bitcoin isn’t alone. Listed here are others.
1. Litecoin (LTC)
Statistics show that as of July 2018, Litecoin had per token value of $87.56. The coin was created by former Google engineer and MIT graduate named Charlie Lee. The same as Bitcoin Cash Token, Litecoin isn’t controlled by any central authority. It uses”scrypt”as proof work. Different from bitcoin, Litecoin has a faster block generation rate. Which means it offers a faster transaction confirmation.
The coin is founded on an open source global payment network. The coin is generally accepted by merchants with the quantity growing each day. In July 2018, it had a market cap of $5.03 billion.
2. Ethereum (ETH)
It was launched in the season 2015. ETH is a decentralized software platform. It enables Distributed Applications and Smart Contracts to be built and run without downtime, fraud, control or 3rd party interference. There exists a component called ether which acts like a vehicle within the ethereum platform. Developers seeking to develop and run applications within ethereum and investors aiming to purchases other digital currencies are probably the most interested parties in ether.
Value per token of ethereum as of July 2018 was $474.66 and a market cap of $ 47.84. Ethereum is the second most critical cryptocurrency from bitcoin.
3. Zcash (ZEC)
The same as other altcoins, Zcash can be an open-source and decentralized cryptocurrency. It was launched in the season 2016. This cryptocurrency is famous to provide privacy and selective transparency of transactions. It’s a unique feature distinctive from other altcoins, isn’t it?
ZEC claims to provide extra security where most of the transactions are recorded and published on a blockchain. However, finer details involving the sender and recipient, and the quantity are kept private. Statistics show that as of July 2018, Zcash had per token value of $206.23. It had a market cap of $904.85 in the same month.
It was originally known as darkcoin. Dash is a more secretive version of bitcoin. The working of Dash makes transactions almost untraceable. This because it provides anonymity since it works on a decentralized mastercode network.
Dash was launched in January 2014. Ever since then it’s experienced a rise in fan following despite the short time of time. The cryptocurrency was created by Evan Duffield. It can be mined employing a GPU or a CPU. Studies indicate that in July 2018, Dash had a market cap of $2.19 billion and value per token of $266.58.