Important Cryptocurrency Other Than Bitcoin |
Posted: December 24, 2018 |
Bitcoin is unarguably one of the most popular cryptocurrency. However, you cannot ignore the other digital assets that are setting the board in a way that you cannot sideline them under the hood of bitcoin potentials. With the recent popularity of bitcoin over the decade, more and more issues have arisen for bitcoin investors. This is the reason, why we need to move towards another cryptocurrency. Here in this article, we have picked for you some of the important cryptocurrency other than bitcoin. Most Important Cryptocurrency Except Bitcoin: Litecoin: this is second popular cryptocurrency launched after bitcoin which is often referred to as silver over the bitcoin gold. This open source crypto asset is not regulated by any central authority and uses “scrypt” as a proof of work. It resembles the bitcoin and has a faster block generation rates and gives the faster transaction confirmations. Ethereum: Ethereum is a decentralized software platform that exclusively offers the benefits of smart contracts and distributed apps (DApps), allowing you to build and run them without the requirement of any middleman or intermediates. This application of Ethereum moves on the cryptographic token called ether. Zcash: Zcash is a decentralized as well as open source cryptocurrency launched to offer privacy and selective transparency of transaction. Thus, along with other benefits as crypto assets, Zcash offers extra security and privacy much better than other digital assets. The model of Zcash also known as ZEC keeps all the details related to transferred amount, senders’ as well as receivers’ details security on its network. Dash: Dash has been experiencing the great popularity since its inception. It offers you a more secure form of crypto assets and decentralized master code network that eliminated transaction traceability. Ripple:
This cryptocurrency resembles the transaction in the banking sector in respect to cost and cross-border banking. The transaction model of ripple enables settling transaction in real time while ensuring peer to peer transparency. Monera: Monera, also known as XMR is a secure, private as well as untraceable currency. This open-source decentralized currency strongly targets on scalability as well as decentralization using a special technique called “ring signature”. Conclusion: However, there is no doubt that bitcoin struck to be first on the list among all another important cryptocurrency. But with the new technology that makes crypto assets more secure and authenticated, you cannot ignore Litecoin, ripple or Ethereum and many more that offers the advance entrepreneur solutions in the tech world. For more information on bitcoin and guides on cryptocurrency, stay tuned with us on Blockchain Africa.
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