Caribbean Fever - Your ONLY destination to all things Caribbean and more
Bitcoin has to lead the crypto world for way too long, and so dominantly that the terms crypto and Bitcoin are often used interchangeably. However, the stark reality is, the digital currency does not only comprise of Bitcoin. There are many other cryptocurrencies that are part of the crypto world. The objective of this post would be to educate our readers on cryptocurrencies besides Bitcoin to offer them a wide variety of options to select from - if they intend on making crypto-investments.
So let's get started with the initial name on our list, that's:
Launched in 2011, Litecoin is often called the silver to Bitcoin's gold.' Charlie Lee - MIT graduate and former engineer at Google - may be the founder of Litecoin.
Much like Bitcoin, Litecoin is really a decentralized, open-source payment network that functions without the main authority.
Litecoin is comparable to Bitcoin in many ways and often leads people to believe: "Why not choose Bitcoin? Both are similar! ".Here is a catch: the block generation of Litecoin is even faster than that of Bitcoin! and this is the key reason why merchants around the globe are becoming more open to accepting Litecoin.
Another open-source, decentralized software platform. The currency was launched in 2015 and enables Smart Contracts and Distributed Applications to be built and run without any downtime.
The applications on the Ethereum platform require a particular cryptographic token - Ether. Based on the core developers of Ethereum, the token can be utilized to trade, secure, and decentralize just about anything.
Ethereum experienced an attack in 2016 that saw the currency split into two parts: Ethereum and Ethereum Classic.
In the race of leading cryptocurrencies, Ethereum is second most popular and is directly behind Bitcoin.
Zcash arrived in the later element of 2016. The currency defines itself as: "if Bitcoin is like http for money, Zcash is https ".
Zcash promises to offer transparency, security, and privacy of transactions. The currency also offers the option of'shielded'transaction and so the users can transfer data in the form of encrypted code.
Dash is originally a secretive version of Bitcoin. It is also referred to as'Darkcoin'because secretive nature.
Dash is popular for offering enhanced anonymity which allows its users to make transactions impossible to trace.
The currency first appeared on the canvas of the digital market in the year 2014. Ever since then, it's experienced a big fan following over an extremely short span of time.
With a market capitalization of over $1bn, Ripple is the last name on our list. The currency was launched in 2012 and offers instant, secure, and low-cost payments.
The consensus ledger of Ripple doesn't require mining, an element that makes it distinctive from Bitcoin and other mainstream cryptocurrencies.
The lack of mining reduces the computing power which ultimately minimizes the latency and makes transactions faster.
Although Bitcoin continues to lead the pack of crypto, the rivals are picking right up the pace. Currencies like Ethereum and Ripple have Ethereum miners for sale surpassed Bitcoin in enterprise solutions and are growing in popularity each day. Going by the trend, other cryptos are here to keep and will soon be giving Bitcoin a genuinely tough time to maintain its stature