8 Most Important & Popular Cryptocurrencies Other Than Bitcoin

When you talk about digital currencies, Bitcoin is one of the most popular names that come to mind. From its introduction in 3rd January, 2009, Bitcoin as a decentralized currency has been transacted over P2P Bitcoin network successfully and various cold wallets like ELLIPAL has made sure that your coins remain safe from hacking or malware. But, with ever-changing market, here is the popular cryptocurrencies list which you can consider –

Litecoin (LTC, L)

A P2P cryptocurrency released as open source software on 7th October in 2011, Litecoin is almost identical (on technical features) to Bitcoin and the transaction of Litecoins are made according to cryptrographic protocol without any central authority. Its network is faster than Bitcoin and it is open to all users for secured borderless transaction anytime anywhere. With storage efficiency, industry support, liquidity and trade volume, Litecoin is gaining popularity rapidly.

Dash (DASH)

In your cryptocurrency hardware wallet, Dash is another decentralized currency or altcoin that is popular for the feature of untraceable transactions. Released on 18th January in 2014, it was designed to ensure swift structure of governance and fast transaction which were drawbacks of Bitcoin. From merchant transactions to hospitality, utility bills to transferring money to anyone –Dash is widely acceptable for its transaction speed of only a second!

Ethereum (ETH)

Released on 30th July in 2015, Ethereum is a public-accessible, open source and blockchain-based operating system and computing platform written in C++, Rust and Go. Ethereum cryptocurrency account has Ether balance which can be transferred between accounts. Ether is the token for Ethereum operation which offers distributed ledger over computational services and transaction fees.

Ripple (XRP)

Your Bitcoin hardware wallet, for example, the ELLIPAL Titan supports the decentralized currency of XRP which came to market on 15th May in 2018 and within September, it became the 2nd largest currency under market capitalization. Ripple was created by US-based Ripple Labs as a remittance and currency exchange network and gross settlement system in real time.

cryptocurrencies

Bitcoin Cash (BCH)

A Bitcoin fork and altcoin spinoff, Bitcoin Cash cryptocurrency was started in 2017 and in the following year, it was split into Bitcoin SV and Bitcoin Cash (Bcash). The micro-transactions are low-cost and Bcash enables large business electronic cash transactions without any permission needed. It trades on currency exchanges like Bitstamp, Gemini, ShapeShift etc

Cardano (ADA)

The multilayered open source blockchain-based distributed computing and financial transaction platform was developed by IOHK as a competitor to Ethereum. The ADA crypto currencies are used in blockchain-based financial transactions and computer programs. ADA was introduced in the market in 2017 and its market capitalization has made it stand out among other currencies.

EOS.IO (EOS)

The multiplatform blockchain protocol of EOS.IO is powered by EOS cryptocurrency was released on 31st January in 2018. The smart contract EOS.IO platform eliminates transaction fees while conducting numerous transactions in one second. EOS tokens can be transferred free-of-cost and they can obtain resources needed by developers for running the dapps. With only around 21 nodes to produce blocks, EOS network competes with Ethereum and Bitcoin cryptocurrency networks run by millions of nodes.

Dogecoin (DOGE)

The open source P2P currency of Dogecoin is supported by all the leading cold wallets like ELLIPAL and it features the popular meme-face of the dog, Shiba Inu as the logo. Introduced in crypto market as “joke currency” in 2013, Dogecoin started its online community to reach capitalization of around 60 million USD within a month. Unlike many other currencies like Litecoin, there is no rule about coin mining for Dogecoin and hence, by 2015, it made a record of mining 100 billionth coin.

Conclusion

Those who deal with cryptocurrency would agree that the crypto market is volatile and is continuously evolving to suit the requirement of the currency holders. You should pave way for different cryptocurrencies apart from Bitcoin which are useful and convenient.

Be the first to comment