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. Have you been enthusiastic about studying 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 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 of work. Different from bitcoin, Litecoin has got a faster block generation rate. Which means it offers 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’d a market cap of $5.03 billion.
2. Ethereum (ETH)
It was launched in the year 2015. ETH is just 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 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 as of 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 is definitely an open-source and decentralized cryptocurrency. It was launched in the year 2016. This cryptocurrency is known 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 concerning the sender and recipient, and the amount 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 exact same month.
It was originally called darkcoin. Dash is just a more secretive version of bitcoin. The working of Dash makes transactions almost untraceable. This because it provides anonymity as it works on a decentralized mastercode network.
Dash was launched in January 2014. Since that time it’s experienced a rise in fan following despite the short time of time. The cryptocurrency was created by Evan Duffield. It may 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.