While Bitcoin is still the world’s most widely used cryptocurrency, there are a number of alternatives to bitcoin that you should know about. In this article, I have explained about some of these alternatives to bitcoin so that you can get a better understanding of cryptocurrencies and weigh your options before investing. Take a look at these options and decide for yourself whether you want to choose them as an alternative to bitcoins.
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Ethereum
Launched in 2015, this cryptocurrency has added the feature of “smart contracts” upon the basic architecture of bitcoins. Smart contracts are computer codes that are used for addressing the issues of refunds and chargebacks. This has given ethereum a place among the top cryptocurrencies in the world today.
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Litecoin
Launched in the year 2011, Litecoin is based on the same principle on which bitcoin works. However, there are a few differences that make them different. This cryptocurrency is faster than bitcoin and has a short target blockchain creation time.
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Ripple (XRP)
This cryptocurrency was released in 2012. It is known for faster transaction systems and faster blockchain creation times. It can be easily converted into other currencies using its in-house currency exchange.
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Cardano
Cardano was launched in 2015. Just like Ethereum, Cardano is a “smart contract” platform. It was created with the intention of combining the best features of other cryptocurrencies into one. It is estimated to become a more sustainable cryptocurrency in the near future.
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Dogecoin
This cryptocurrency is a variation of Litecoin. It is a decentralized, peer-to-peer digital currency. It has a large number of coins in circulation and the blockchain creation time is really short.
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Dash
Formed in 2018, this is a peer-to-peer decentralized digital cash. It was built upon bitcoins’ core code with additional features. It is open source and has its own blockchain.
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Bitcoin Cash
Launched in August 2017, this cryptocurrency is a hard fork of the most popular cryptocurrency in the world, Bitcoin. It has increased the number of transactions that can be processed by the network. It was introduced to complete with payment giants like Visa and Paypal.
Since the inception of Bitcoin, a lot of new cryptocurrencies have come up trying to get ahead of each other. These are the seven alternatives to bitcoin which are the most well known. For more information about new cryptocurrencies and the trend in the crypto market, visit www.coinscalendar.net. This website gives you the latest details from the world of cryptocurrency. There is a lot that you can learn from this website. If you are a crypto enthusiast, you cannot afford to miss this.
I hope you found this post about 7 alternatives to bitcoin useful and informative. If you want to know more about cryptocurrency and digital investments, let me know in the comment section below. Also, let me know your suggestions and questions about cryptocurrency investments. I will be glad to get in touch with you. To show your support, share this post with your friends on social media and elsewhere. Thank you very much for reading!
