Bitcoin has lead the crypto world for so long, and so dominantly that the terms crypto and Bitcoin are often used interchangeably. However, the truth is, the digital currency does not only comprise of Bitcoin. There are numerous other crypto currencies that are part of the crypto world. The purpose of this post is to educate our readers on cryptocurrencies other than Bitcoin to provide them with a wide range of options to choose from – if they intend on making crypto-investments.
So let’s get started with the first name on our list, that is:
Launched in 2011, Litecoin is often referred to as ‘silver to Bitcoin’s gold.’ Ch crypto gambling arlie Lee – MIT graduate and former engineer at Google – is the founder of Litecoin.
Similar to Bitcoin, Litecoin is a decentralized, open source payment network which functions without a central authority.
Litecoin is similar to Bitcoin in many ways and often leads people to think: “Why not go with Bitcoin? Both are similar!”. Here’s a catch: the block generation of Litecoin is much faster than that of Bitcoin! and this is the main reason why merchants around the world are becoming more open to accepting Litecoin.
Another open source, decentralized software platform. The currency was launched in 2015 and enables Smart Contracts and Distributed Applications to be built and run without any downtime.
The applications on Ethereum platform require a specific cryptographic token – Ether. According to the core developers of Ethereum, the token can be used to trade, secure, and decentralize just about anything.