The constant rise in the value of Bitcoin has motivated dozens of cryptocurrencies to be developed and launched. This article will discuss the various alternatives to Bitcoin. Some of them include;
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Bitcoin Cash (BCH)
This is a hard fork of the Bitcoin cryptocurrency. This altcoin like Bitcoin is a decentralized platform, meaning that users on this platform will have to vote if they want any modification or update to be done on the network. Like Bitcoin, this cryptocurrency seeks to offer users the opportunity to make huge profits from holding their tokens. The disagreement that ensued between the Bitcoin community over how to handle the scaling issue was how this altcoin was formed.
Litecoin (LTC)
This altcoin has been described as the silver to Bitcoin's gold. It was developed by Charlie Lee and launched in 2011. This altcoin was also a fork of Bitcoin, but it seems to be an advanced and modified version of Bitcoin. In about 2.5 minutes this altcoin executes and confirms a transaction, on the other hand, it takes Bitcoin about 10 minutes to do the same. Like Bitcoin, this advanced altcoin can be purchased directly with fiat currencies on dozens of cryptocurrency exchanges.
Ethereum (Ether)
This cryptocurrency has since its launch in 2015 created a name for itself as one of the best cryptocurrency platforms around. Ethereum is a decentralized platform that runs Decentralized Applications (DApps) and Smart Contracts. This platform creates a home where developers can create all type of applications. Ethereum is known as one of the most stable, reliable and secure cryptocurrency platforms out there.
NEM (XEM)
NEM is one of the various cryptocurrency platforms that seeks to help companies and businesses to offset their debts. One difference between the NEM platform and others is the fact that it is customizable. Also, this platform is easy to use. Experts have advised that all newcomers in crypto trading should start with this platform. Also, it helps advanced developers to create useful applications that will solve certain business problems.
NEO (NEO)
NEO is a fully decentralized platform like Bitcoin. It seeks to offer users around the world the opportunity for a smart economy, where there is an easy and secure movement of digital tokens or assets. This platform runs smart contracts in a safe and secure network.
IOTA (MIOTA)
This cryptocurrency platform which stands for Internet of Things Decentralized Applications is a platform that bets on the future and growth of connected devices. This platform is based on the idea that as the internet of things keep growing, so will micropayments as well. It argues that Internet of Things will need a platform to facilitate these payments, it prides itself as that platform.
A very informative post...❤
Enhancing our knowledge about crypto...
Thanks for sharing...❤
XVG Verge a very privacy Coin!
Have high hopes for Neo this year, i think Nex is going to blow everyone away!
All the coins mentioned are top usually in the top 10 markets. Great potential ones as well.
I would love to see your list of cryptos with huge potential of grow in the future.There are plenty of "unpopular" coins that are based on amazing ideas but they simply need time to become impactful on the market.
Great post. I believe there's going to be a handful of currencies that breakout in 2018. Amoung them will be EOS and Stellar.
Thanks for the post :)
More light for Ethereum!
Yeah, all those coins seem promising, I also hope my favourite gem PKT will shoot up this year
Nice piece of content. Thank you!