The 6 Most Important Cryptocurrencies Other Than Bitcoin? Bitcoin is hardly the only game in online currency like bitcoin. What Are the 6 Most Important Cryptocurrencies Other Than Bitcoin? Our network of expert financial advisors field questions from our community.
Are you a financial advisor? Sophisticated content for financial advisors around investment strategies, industry trends, and advisor education. The latest markets news, real time quotes, financials and more. How Do Bitcoin Investors Combat Price Volatility? It was created by Charlie Lee, a MIT graduate and former Google engineer.
Litecoin is based on an open source global payment network that is not controlled by any central authority and uses “scrypt” as a proof of work, which can be decoded with the help of CPUs of consumer grade. Although Litecoin is like Bitcoin in many ways, it has a faster block generation rate and hence offers a faster transaction confirmation. Other than developers, there are a growing number of merchants who accept Litecoin. Ether is like a vehicle for moving around on the Ethereum platform, and is sought by mostly developers looking to develop and run applications inside Ethereum. 4 billion, second after Bitcoin among all cryptocurrencies. Zcash, a decentralized and open-source cryptocurrency launched in the latter part of 2016, looks promising.
If Bitcoin is like http for money, Zcash is https,” is how Zcash defines itself. 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. SNARK developed by its team. Dash offers more anonymity as it works on a decentralized mastercode network that makes transactions almost untraceably. Launched in January 2014, Dash experienced an increasing fan following in a short span of time. This cryptocurrency was created and developed by Evan Duffield and can be mined using a CPU or GPU.