Bitcoin has been known by many to be the most famous decentralized cryptocurrency. However, besides bitcoin there exists other altcoins that confer a great value as well. Are you enthusiastic about learning about other cryptocurrencies? Well, bitcoin isn’t alone. Here are others.
1. Litecoin (LTC)
Statistics show that as of July 2018, Litecoin had per token value of $87.56. The coin was developed 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. Distinctive from bitcoin, Litecoin has got a quicker block generation rate. Which 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 quantity growing each day. In July 2018, it’d 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 a factor called ether which acts like a vehicle within the ethereum platform. Developers seeking to produce and run applications within ethereum and investors aiming to purchases other digital currencies are 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 next 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 entire year 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 all of the transactions are recorded and published on a blockchain. However, finer details relating to 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’d a market cap of $904.85 in exactly the same month.
It was 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 gives anonymity because it works on a decentralized mastercode network.
Dash was launched in January 2014. Since then it has experienced a growth in fan following inspite of the short time of time. The cryptocurrency was developed by Evan Duffield. It may 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.