List of Bitcoin alternative cryptocurrencies, you should know about it
Bitcoin has been boosted up the market of cryptocurrencies, It is based on decentralized peer to peer network. By the market capitalization, Bitcoin is currently the largest blockchain network, followed by Ethereum, Bitcoin Cash, Ripple and Litecoin. Bitcoin has gained the tremendous growth in 2017, however, it’s price almost topped to the 18k USD, thus limiting further investments due to high price. So alternate cryptocurrencies like Ethereum and Litecoin gain the popularity.
Here are the 10 cryptocurrencies we think you should know about it.
1) LiteCoin
Litecoin is launched in the year 2011 and was often referred as a Sliver to Bitcoin Gold. Lite coin network generates 4x more coins than the bitcoin network, it is a peer to peer cryptocurrency and open source software project that release under MIT/X11 license. Litecoin claims faster processing of the transaction than bitcoin.
Max Supply: 84 million
Price History chart:
2) Ethereum
Ethereum launched in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. The system went live on 30 July 2015, with 11.9 million coins "premined" for the crowdsale. It is also the decentralized platform that enables Smart Contract and Distributed computing platform to build and run without any fraud or control.
Ethereum also provides token called “ether” which can be transferred between accounts to performed computations.
Max Supply: 18 million/year
Price history chart:
3) Bitcoin cash
Bitcoin cash cryptocurrency launched on August 1, 2017. It is the first hard-forked cryptocurrency on Bitcoin. Bitcoin increased block size limit from 1 megabyte to 8 megabytes. This currency born due to civil war between Bitcoin communities. The Bitcoin Cash name was originally proposed by Chinese mining pool ViaBTC .
The first implementation of the Bitcoin Cash protocol called Bitcoin ABC was revealed by Amaury "Deadal Nix" Séchet at the Future of Bitcoin conference in Arnhem, Netherlands.
Max Supply: 21 million
Price History Chart:
4) Monero
Monero is more secure, private and untraceable currency. It is an open source cryptocurrency created in April 2014. Monero has been launched with a strong focus on decentralization and scalability, and enables complete privacy by using a special technique called ‘ring signatures.’
Monero transactions are not traceable via the blockchain, unlike Bitcoin.
Currently, it is the tenth largest cryptocurrency, according to coinmarketcaps.com.
Max Supply: 18.4 million
Price History Chart:
5) Ripple(XRP)
Ripple is a real-time cross-border payment network that offers instant, certain and low-cost international payments. Ripple released in 2012, Unlike most of the other cryptocurrencies who run away from centralized institutions like banks, Ripple has a different motive to help banks and similar organizations to send money quickly, cheaply, and certainly.
At its core, Ripple is based on a shared, public database or ledger, which uses a consensus process that allows for payments, exchanges and remittance in a distributed process.
Max supply: 100 billion
Price History chart:
6.) Zcash(ZEC)
Zcash is built to provide enhanced privacy for its users compared to other cryptocurrencies such as Bitcoin. Zcash offers privacy and selective transparency of transactions. Thus, like https, Zcash claims to provide extra security or privacy where all transactions are recorded and published on a blockchain, but details such as the sender, recipient, and amount remain private.
Max Supply: 21 million
Price history chart:
7) Dash:
Dash (originally known as Darkcoin) is a peer to peer cryptocurrency and more secretive version of Bitcoin. It’s maintained by a self-funded, autonomous organization. Launched in January 2014, this cryptocurrency was created and developed by Evan Duffield and can be mined using a CPU or GPU. Dash's decentralized governance and budgeting system makes it a decentralized autonomous organization (DAO).
Max Supply: 18.9 million
Price history chart:
8) IOTA
IOTA is currently the seventh largest cryptocurrency based on the market cap. IOTA is focused on providing secure communications and payments between machines on the Internet of Things, using directed acyclic graph (DAG) technology instead of the traditional blockchain, IOTA's transactions are free regardless of the size of the transaction, confirmation times are fast, the number of transactions the system can handle simultaneously is unlimited.
Max Supply: 2,779,530,283
Price history chart:
9) Namecoin:
Namecoin [NMC] is a decentralized, blockchain-based domain registrar that assigns you names under the top level domain .bit, which is functionally similar to .com or .net domains but is independent of ICANN. Namecoin that is mined with bitcoin software as a bonus. It is based on the code of bitcoin and uses the same proof-of-work algorithm like bitcoin.
Max Supply: 21 Million
Price chart history:
10) Komodo(KMD)
Komodo [KMD] is a brand-new cryptocurrency packed with best features of other coins. It offers smart contracts, decentralized exchange, etc. It allows anonymous transactions which are encrypted on the blockchain.
The Komodo Platform is a unique cryptocurrency ecosystem built on the Zcash Fork, that allows anonymous transactions which are encrypted on the blockchain. It allows the user to choose either a transparent or an anonymous transaction.
Max. Supply: 200 million
Price chart history:
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