Top Cryptocurrencies Worth Noting
When it comes to cryptocurrencies, most people are familiar with Bitcoin. But then, you should know that you have many decentralized cryptocurrencies these days that also offer a good value. If you are planning to invest in cryptocurrency, you have to know your options besides Bitcoin. Here are some of the popular cryptocurrencies you need to know about.
Litecoin (LTC): Based on current statistics, Litecoin has a token value of $87.56. Charlie Lee, an MIT graduate and former Google engineer, was the one who created this coin. Similar to Bitcoin, Litecoin is decentralized or not controlled by a central authority. As proof of its work, it uses ‘scrypt.’ There is a faster block generation rate when it comes to Litecoin in comparison to Bitcoin. From this information, you will be getting a faster confirmation for every transaction you make. In terms of where this coin is based on, it comes from an open source of global payment network. A good number of merchants generally accept this coin with each passing day. Litecoin presently has a market cap of $5.03 billion.
Ethereum (ETH): This cryptocurrency was launched in 2015. When it comes to ETH, it is a decentralized software platform. You can create and run Smart Contracts and Distributed Applications without worrying about fraud, downtime, third-party interference, and control. Within the ETH platform, a critical component called ether serves as a vehicle. If you are planning to run and develop applications within Ethereum or aim to invest and buy other digital currencies, you should think about this cryptocurrency variant.
The value of each Ethereum token is $474.66 with a market cap of $47.84. As of this writing, after Bitcoin, Ethereum is the second most important digital currency out there.
Zcash (ZEC): Similar to other alternative coins, Zcash is both a decentralized and open-source cryptocurrency. It was first launched in 2016. Unlike other cryptocurrencies, this cryptocurrency is known to offer selective transparency and privacy of transactions. These are features you will never obtain from cryptocurrencies.
You get an additional layer of security with Zcash where all your publishing and recording of all transactions happen on a blockchain. When it comes to the finer details, though, both recipients and senders as well as the amount are not divulged. Currently, Zcash has a token value of $206.23. Its market cap, on the other hand, is $904.85.
Dash: This cryptocurrency was originally named Darkcoin. While Dash is similar to Bitcoin in many respects, it is more secretive. With Dash, it seems to be that you cannot almost trace every transaction. You get to have more anonymity with this cryptocurrency because it works using a decentralized master code network.
Dash came to exist in January 2014. Ever since, many fans have been following this particular cryptocurrency. The man behind the cryptocurrency is Evan Duffield. You can mind it using a CPU or a GPU. Dash has a value per token of $266.58 and a market cap of $2.19 billion.