Business

Evaluating Cryptocurrencies Other Than Bitcoin

Share this article

Share this article

Business

Evaluating Cryptocurrencies Other Than Bitcoin

Share this article

Bitcoin has been the most famous cryptocurrency since its inception in 2009. It has been backed by powerful blockchain technology that provides endless peer-peer cashless transaction system. It has been traded widely since then through platforms like bitcoin storm app and hit the remarkable price of around $20000.

Investment in digital currencies is widely discussed nowadays as recent economic lockdown called into question traditional financial security myths. Bitcoin and cryptocurrency are considered as a single entity, which isn't the case. There are many valuable cryptocurrencies available in which you could invest.

Ethereum (ETH):

It works on the same blockchain technology network but comes with the additional functionality of Smart Contracts. Ether is the cryptocurrency associated with the Etherum platform which performs computations at scale. It is considered next to Bitcoin in terms of market value.

Litecoin (LTC):

Litecoin is a powerful decentralized cryptocurrency with no central authority. Transactions occur through cryptographic protocol and Litecoin is considered as one of the best peer-peer cashless transaction options.

It is quite similar to bitcoin in the features offered and was released just two years later with a different hashing algorithm. While being identical and not much in the spotlight.

Tether (USDT):

When you don’t want to engage in finding trading opportunities, rather to preserve money with minimum fluctuations in pricing, then you might want to look at one.

It is quite easy to operate with fiat currencies and blockchain enabling provides a basis for scalability. Historically, it exhibits less volatility, which is why it has been included in the best bitcoin alternatives.

Libra:

All eyes are on Libra, the most awaited cryptocurrency to be launched by Facebook Inc. Once this is all good to go, it would be the most in-demand cryptocurrency as Facebook is a famous brand. So, if you are a keen digital currency investor, you should keep an eye on this gigantic launch.

Binance Coin:

It is the cryptocurrency launched by a powerful Binance trading platform where you can trade between different coins. The trading volume for Binance Exchange is the largest in the world.

The services you can acquire with Binance range from the exchange of goods and services also allowing you to pay for travel expenses and furthermore.

Get news to your inbox
Trending articles on News

Evaluating Cryptocurrencies Other Than Bitcoin

Share this article