5 Crypto Coins You Should Have Other than Bitcoin
by Reginald Alango
The world was introduced to the new wave of cryptocurrency around 8 years ago when Bitcoin appeared in history. The use of modern algorithms and blockchain technology has enabled cryptocurrencies to be converted at a very high speed.
The good thing about cryptocurrencies is that they can be sent anywhere in the world at a very minimal fee. It is advantageous because it allows people to link up directly together through the internet as compared to the paper based currency which has to pass through a financial institution and hence one has to pay some amount in terms of fees. Here is a list of the most important cryptocurrencies other than Bitcoin.
Litecoin is a peer to peer cryptocurrency which allows users to make fast or instant payments to other users in the world. This currency is based on blockchain technology making it a fully centralized without any central authorities.
Litecoin is like Bitcoin and has a faster blockchain generation rate and hence it has a faster transaction conformation of the money that has been transferred. It is also among one of the best cryptocurrencies in the world due to the fact that it is fast and efficient at the same time. The current price for Litecoin is $256.48 while its market cap is $ 14,021,750,530.
Ethereum was launched in 2015 and is a decentralized software platform that enables smart contracts to be built and run without fraud. It allows for developers to build decentralized applications and is distributed through blockchain chain networks such as Bitcoin.
With Bitcoin, miners are normally rewarded with cryptocurrencies while Ethereum miners are rewards using Ether. Ethereum currently costs around $1,130.90 while its market cap price is at $ 109,531,778,294.
Ethereum market cap makes it second after Bitcoin compared to other cryptocurrencies that exists in the world.
3. RIPPLE (XRP)
Ripple is a financial technology that allows users to send real time payments globally across all networks that exists. Ripple is also known to enable banks to offer cross-border payments with end-to-end transparency and at a lower cost.
Ripple has a market capitalization of $97,503,715,840 and its current price is around $2.52. Ripple’s structure enables it to be a coin that does not require mining and hence reduces the usage of computing power.
Dash, which was originally known as darkcoin is somehow a more secretive version of Bitcoin. It was launched in the year 2014 and has tremendously grown to be one of the largest peer to peer network. After its launch in 2014, it was later rebranded to Dash which means Digital cash.
The current price is at $1,098.70 while the market capitalization is at $8,576,633,478.
5. MONERO (XMR)
Monero is known to be one of the most secure and untraceable currencies in the world. It was launched in 2014 and has been on the rise steadily from that time till now.
Monero was launched with a focus on scalability and decentralization and enables complete privacy since it uses a technique known as ring signatures. Moreno is also rising steadily in the market.
In as much as Bitcoin is still a leading cryptocyrrency, others such as Ripple and Ethereum are also rising since they are being used for enterprise purposes. Financial analysts believe that Bitcoin will soon attain the price of $4,000 per coin and this also applies to the other cryptocurrency coins. A great investment opportunity is to invest in cryptocurrency.
Reginald Alango is founder of Sinclare Angels Initiative and loves to write about the latest Tech trends, Cryptocurrencies and Blockchain Technology.