Bitcoin has been known by many to be the absolute most famous decentralized cryptocurrency. However, besides bitcoin there exists other altcoins that confer a great value as well. Are you interested in learning about other cryptocurrencies? Well, bitcoin isn’t alone. Listed below are others.
1. Litecoin (LTC)
Statistics reveal that by July 2018, Litecoin had per token value of $87.56. The coin was produced 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 evidence of work. Different from bitcoin, Litecoin has got a quicker block generation rate. Which means it provides a faster transaction confirmation.
The coin is dependant 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 had been launched in the 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 3rd party interference. There exists a factor called ether which acts just 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 the absolute 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 next most important cryptocurrency from bitcoin.
3. Zcash (ZEC)
The same as other altcoins, Zcash can be an open-source and decentralized cryptocurrency. It had been launched in the year 2016. This cryptocurrency is famous to offer privacy and selective transparency of transactions. It’s a unique feature different from other altcoins, isn’t it?
ZEC claims to offer 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 total amount are kept private. Statistics reveal that by July 2018, Zcash had per token value of $206.23. It had a market cap of $904.85 in the same month.
It had been originally referred to as 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 a rise in fan following inspite of the little while of time. The cryptocurrency was produced 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.