A cryptocurrency is digital or virtual money that takes the structure of coins or tokens. These cryptocurrencies are free from any kind of government control and manipulation. Bitcoin is the first ever cryptocurrency that came into being. As of now, you will find cryptocurrencies as much as 1,600 in the market than Bitcoin. These other digital currencies are quite easier to trade off than the pioneer of the cryptocurrency, Bitcoin. Let’s move on to our list of five important cryptocurrencies other than Bitcoin!
- Ethereum (ETH)
Ethereum was founded in 2015 as a decentralized platform to enable Distributed Applications and Smart Contracts to be able to run devoid of control, fraud, or downtime. After the DAO attack in 2016, it was split into two categories, namely Ethereum Classic (ETC) and Ethereum (ETH). ETH has $22.97 billion market cap while its one token value stands to $224.42.
- Litecoin (LTC)
Litecoin was founded in 2011 after the concept of Bitcoin by Charlie Lee, an ex-engineer of Google. It is even called “silver to bitcoin’s gold”. It works as a payment mode globally, which is based entirely on open source network. It is kind of similar to Bitcoin that allows a faster transaction authentication. Most merchants accept Litecoin worldwide apart from just developers. It has $3.40 billion market cap and its one token value stands to $58.09.
- Dash (DASH)
This cryptocurrency was earlier known by the name “Darkcoin”. It was founded in 2014 by Evan Duffield and grabbed attention in a very short period of time. It can be traded off with the help of a GPU and CPU. Its name was changed to Dash from Darkcoin in March 2015. It has $1.51 billion market cap and one token value stands to $181.42.
- ZCash (ZEC)
This cryptocurrency was founded in 2016 as an open source and decentralized cryptocurrency. It maintains selective transparency and privacy of transactions. Although, it ensures extra security as all transactions keep on publishing and recording on the blockchain network. It keeps the information about amount, recipient, and sender hidden. It has $633.64 million market cap and its one token value is $128.08.
- Ripple (XRP)
This cryptocurrency offers certain, low cost, and instant payments throughout the world. It was founded in 2012 to enable cross-border transactions in a real-time scenario. It does not work on the concept of mining like other digital currencies but on a consensus ledger. It has $20.7 billion worth market cap while its one token value stands to $0.518.
Here, ends our list of top five important cryptocurrencies other than the pioneer Bitcoin. However, Bitcoin continues to lead the market even after so many years because of its popularity, user base, and market capitalization. On the other hand, digital currencies like Ripple and Ethereum are continuing to make their place in the world of enterprise. Also, there are some cryptocurrencies that comprise more advanced features as compared to Bitcoin. So, it is quite tough to recognize who leads the crypto-world as of now.