4 Most Important Cryptocurrencies

4 Most Important Cryptocurrencies

Many consider Bitcoin to be the most well-known decentralized cryptocurrency. There are many altcoins, which can also have tremendous value. Do you want to learn more about another cryptocurrency? Bitcoin isn’t the only cryptocurrency. These are just a few.

1.  Litecoin (LTC).

According to statistics, Litecoin’s token value was $87.56 as of July 2018. Charlie Lee, a former Google engineer and MIT graduate created the coin. Litecoin, like bitcoin, is not controlled centrally. It uses “script” as proof of work. Litecoin is faster than bitcoin in terms of block generation. It also offers more immediate transaction confirmation.

The currency is built on an open-source global payment network. Merchants accept the coin, and this number is growing every day. It had a market capitalization of $5.03 trillion in July 2018.

2. Ethereum (ETH).

It was launched in 2015. ETH is a distributed software platform. It allows Distributed Applications and Smart Contracts without any downtime, fraud, or control from third parties. The ethereum platform has a component called “ether” that acts as a vehicle. Developers looking to create and manage applications within ether and investors who are interested in purchasing other digital currencies will be the most curious.

As of July 2018, the value per token of Ethereum was $474.66, with a market capitalization of $ 47.84. Ethereum is the second-most important cryptocurrency after bitcoin.

3. Zcash (ZEC).

Zcash, like other altcoins, is an open-source and decentralized cryptocurrency. It was created in 2016. It is well-known for its privacy and transparency. This is a distinct feature that makes it different from other altcoins.

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ZEC claims that it offers extra security because all transactions are recorded and published on a Blockchain. The sender and recipient details, as well as the amount, are kept secret. Zcash’s token value was $206.23 as per statistics from July 2018. In the same month, Zcash had a market capitalization of $904.85.

4. Dash

It was initially known as darkcoin. Dash is a less public version of bitcoin. Dash’s operation makes transactions nearly impossible to trace. Because it uses a decentralized master code network, it offers anonymity.

Dash was released in January 2014. It has seen a rise in popularity despite being only launched for a short time. Evan Duffield created the cryptocurrency. You can mine it using either a GPU or CPU. According to studies, Dash’s market cap was $2.19 billion in July 2018, and its token value was $266.58.

Ripple (XRP), Monero MXR, Bitcoin Cash (BCH), NEO [NEO], Cardano ADA, and EOS (EOS) are other top cryptocurrencies.

Bottom line
It would be accurate to conclude that bitcoin is a trend-setter. There has been a surge in cryptocurrencies built on a peer-to-peer network. Bitcoin has been the standard for cryptocurrency.