Bitcoin has been known by many to be probably the most famous decentralized cryptocurrency. However, besides bitcoin there exists other altcoins that confer a great value as well. Are you currently interested in studying other cryptocurrencies? Well, bitcoin is not alone. Listed here are others.
1. Litecoin (LTC)
Statistics show that by July 2018, Litecoin had per token value of $87.56. The coin was developed by former Google engineer and MIT graduate named Charlie Lee. Exactly like Bitcoin Cash Token, Litecoin is not controlled by any central authority. It uses”scrypt”as evidence of work. Different from bitcoin, Litecoin offers a quicker block generation rate. This means that 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 amount growing each day. In July 2018, it had a market cap of $5.03 billion.
2. Ethereum (ETH)
It was launched in the entire year 2015. ETH is really a decentralized software platform. It enables Distributed Applications and Smart Contracts to be built and run without downtime, fraud, control or third party interference. There exists an element called ether which acts such as 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 by July 2018 was $474.66 and a market cap of $ 47.84. Ethereum is the second most important cryptocurrency from bitcoin.
3. Zcash (ZEC)
Exactly like other altcoins, Zcash is an open-source and decentralized cryptocurrency. It was launched in the entire year 2016. This cryptocurrency is known to supply privacy and selective transparency of transactions. It is a unique feature distinctive from other altcoins, isn’t it?
ZEC claims to supply extra security where most of the transactions are recorded and published on a blockchain. However, finer details relating to the sender and recipient, and the amount are kept private. Statistics show that by July 2018, Zcash had per token value of $206.23. It’d a market cap of $904.85 in the same month.
It was originally called darkcoin. Dash is really a more secretive version of bitcoin. The working of Dash makes transactions almost untraceable. This because it offers anonymity as it works on a decentralized mastercode network.
Dash was launched in January 2014. Since then it has experienced an increase in fan following inspite of the short period of time. The cryptocurrency was developed by Evan Duffield. It could be mined employing a GPU or perhaps a CPU. Studies indicate that in July 2018, Dash had a market cap of $2.19 billion and value per token of $266.58.