The currencies that are invented on the concept of Bitcoin are combined-called altcoins which introduced a slightly improved version of Bitcoin. Different cryptocurrencies introduced different technologies and followed distinguished parameters other than Bitcoin to be a part of this digital revolution. According to the market demand, investment, and usability, listing out some important cryptocurrencies other than Bitcoin:
1. ETHEREUM (ETH)
Ethereum was launched in 2015 which is a decentralized software platform that allows Smart Contracts and Distributed Applications (DApps) to be created and work without any fail, hoax, limitation or interruption coming from a third party. In 2014, Ethereum introduced a pre-sale for ether which attained a great response level. As per terms defined by Ethereum, Ether can be utilized in decentralizing, securing, trading and in coding anything.Check this out for more,smartoptions.io.
Ethereum has introduced a layout which can be used for smart contracts using dispersed blockchains. The Ethereum market cap has attained $8,284,240,957 having a rate of approx. 90 US Dollars.
2. LITECOIN (LTC)
Litecoin is based on the same concept as Bitcoin i.e. peer-to-peer technology i.e. focused on transparency and security. Litecoin was launched in 2011 to follow the pattern set by Bitcoin. It was initially called as ‘silver to Bitcoin’s gold.’ It was produced by Charlie Lee, a former Google engineer. Litecoin follows an open source global payment network which cannot be accessed by any central authority. This payment network uses “scrypt” as a proof of work that can only be decoded with the assistance of CPUs of consumer grade. Litecoin has comparatively faster block generation rate than Bitcoin, that’s why it offers quicker transaction acceptance. The market cap of Litecoin has reached to $1,576,960,281 having a value of approx. $30.89 for one Litecoin.
3. ZCASH (ZEC)
Zcash was launched in the 2016 year end. Zcash proposes with security, privacy, and transparency in functioning and transactions. Just like Bitcoin, it works on the concept of the blockchain. Using “ZK-SNARK” i.e. zero-knowledge proof construction, it allows performing extra protected transactions.
4. DASH (DASH)
Dash is also called as XCoin or Darkcoin. It was launched in the 2014 year starting. Dash works on a decentralized master-code connectivity to make the transactions completely untraceable. It is comparatively more secure and private version of Bitcoin. Its name changed to Darkcoin in March 2015 without changing its technical specifications. Dash has attained a market cap of approx. $664,377,178 in three years.