tradenix.io - What Are Elite 5 Cryptocurrencies Other Than Bitcoin?

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The purpose of this post is to educate our readers on cryptocurrencies other than Bitcoin to implement them with a wide range of possibilities to choose from - if they intend on making crypto-investments.tradenix.io is an investment and bitcoin company.

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tradenix.io - What Are Top 5 Cryptocurrencies Other Than Bitcoin Bitcoin has to 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 contain of Bitcoin. There are copious other cryptocurrencies that are part of the crypto world. The purpose of this post is to educate our readers on cryptocurrencies other than Bitcoin to implement them with a wide range of possibilities to choose from - if they intend on making crypto-investments.tradenix.io is an investment and bitcoin company. So lets get started with the first name on our list that is: Litecoin: Launched in 2011 Litecoin is often referred to as silver to Bitcoins gold. Charlie 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 operates without a fundamental authority. Litecoin is similar to Bitcoin in many ways and often leads people to think: "Why not go with Bitcoin Both are similar". Heres a catch: the block generation of Litecoin is much faster than that of Bitcoin and this is the main reason why traders around the world are becoming more open to accepting Litecoin.

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Ethereum: 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 the Ethereum platform demand 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. Ethereum experienced an attack in 2016 which saw the currency split into two parts: Ethereum and Ethereum Classic. In the race of leading cryptocurrencies Ethereum is the second most prevalent and is right behind Bitcoin. Zcash: Zcash came out in the later part of 2016. The currency defines itself as: "if Bitcoin is like http for money Zcash is https". Zcash promises to provide transparency security and privacy of transactions. The currency also offers the possibility of shielded performance so the users can transfer data in the form of encrypted code. Dash: Dash is originally a secretive version of Bitcoin. It is also known as Darkcoin due to its secretive nature. Dash is popular for offering an expanded anonymity which allows its users to make transactions impossible to trace. The currency first developed on the canvas of the digital market in the year 2014. Since then it has encountered a large fan following over a very short span of time.

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Ripple: With a market capitalization of over 1bn Ripple is the last name on our list. The currency was launched in 2012 and offers instant secure and low-cost payments. The agreement ledger of Ripple doesnt require mining a feature which makes it different from Bitcoin and other mainstream cryptocurrencies. The lack of mining reduces the computing power which conclusively reduces the latency and makes transactions faster. Wrap Up: Although Bitcoin proceeds to lead the pack of crypto the rivals are picking up the pace. Currencies like Ethereum and Ripple have transcended Bitcoin in enterprise solutions and are growing in prevalence each day. Going by the trend the other cryptos are here to stay and will soon be giving Bitcoin a real tough time to support its stature.

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