Top Cryptocurrencies Worth Noting
Bitcoin is one of the most popular cryptocurrencies to date. And yet, the number of alternative decentralized cryptocurrencies with great value has also gone up. For those who are thinking of making cryptocurrency investments, it is best that you be aware of these alternative cryptocurrencies. Below is a quick guide to cryptocurrencies today that you need to know about.
Litecoin (LTC): As of this writing, Litecoin has a token value of $87.56. This coin was created by MIT graduate and former Google engineer, Charlie Lee. Similar to Bitcoin, Litecoin is decentralized or not controlled by a central authority. The use of ‘scrypt’ serves as proof of work. There is a faster block generation rate when it comes to Litecoin in comparison to Bitcoin. This goes to say that you will get a faster confirmation for your transactions. A global payment network with an open source is what this coin is based on. Each day, the number of merchants that accept this coin is going. The current market cap of Litecoin is $5.03 billion.
Ethereum (ETH): It was the year 2015 that this cryptocurrency has launched. 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.
With each token of Ethereum, the value you get is $474.66, with a market cap of $47.84. After Bitcoin, Ethereum stands as the second most important digital currency in the market.
Zcash (ZEC): Just like other alternative coins in the market, Zcash is both a decentralized and open-source type of cryptocurrency. It was first launched in 2016. If you transact with this cryptocurrency, you will learn that it comes with selective transparency and privacy. You cannot get these features from other cryptocurrencies.
You get an extra security with Zcash, especially with all transactions being published and recorded on a blockchain. For the more particular details involving recipients, senders, and the amount are kept privately. Currently, Zcash has a token value of $206.23. In addition, the market cap is $904.85.
Dash: The original name for this cryptocurrency is Darkcoin. While Dash is similar to Bitcoin in many respects, it is more secretive. It is very much possible that all of your Dash transactions cannot be traced. It works with a decentralized master code network that is why you get anonymity with it.
The launch date of Dash is January 2014. Even with the short time period from its launch, a massive increase in fan following is palpable. It was created by Evan Duffield. It is possible to mine it using a CPU or a GPU. Dash has a value per token of $266.58 and a market cap of $2.19 billion.