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 currently thinking about learning about other cryptocurrencies? Well, bitcoin isn’t alone. Listed below are others.
1. Litecoin (LTC)
Statistics reveal that at the time of 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. Distinctive from bitcoin, Litecoin has a faster 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 quantity 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 a decentralized software platform. It enables Distributed Applications and Smart Contracts to be built and run without downtime, fraud, control or alternative party interference. There exists an element called ether which acts such as for instance 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 at the time of July 2018 was $474.66 and a market cap of $ 47.84. Ethereum is the 2nd most significant cryptocurrency from bitcoin.
3. Zcash (ZEC)
The same as other altcoins, Zcash is an open-source and decentralized cryptocurrency. It was launched in the entire year 2016. This cryptocurrency is famous to offer privacy and selective transparency of transactions. It is a unique feature distinctive from other altcoins, isn’t it?
ZEC claims to offer extra security where all the transactions are recorded and published on a blockchain. However, finer details concerning the sender and recipient, and the amount are kept private. Statistics reveal that at the time of 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 referred to as darkcoin. Dash is 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 that time it has experienced an increase in fan following despite the short time of time. The cryptocurrency was produced by Evan Duffield. It can be mined using a GPU or even a CPU. Studies indicate that in July 2018, Dash had a market cap of $2.19 billion and value per token of $266.58.