The discussion surrounding Bitcoin has been around for quite some time now. People have talked about investment opportunities on Bitcoins in general, and this has made Bitcoin the most popular form of cryptocurrency in the market. But what most people is not aware of, there are other cryptocurrency units that exists, and can be as important as Bitcoin when it comes or investment and world banking.
By definition, a cryptocurrency is a form of digital money which is usually denoted as “coins”. As shown by maenner-magazin, these other forms of cryptocurrencies are as important as Bitcoin is when it comes to digital finance.
Here are some of the most important cryptocurrencies next to Bitcoin:
Litecoin (LTC) was launched back in 2011 and was among the first cryptocurrencies often referred to as a “silver Bitcoin”. Created by Charlie Lee, LTC is based on an open-source payment network that works globally and is not supervised or overseen by any central governing body.
Ethereum (ETH) is a software platform for Smart Contracts and Distributed Applications (DApps) to run and be built without any control and interference from a third party. The applications built on Ethereum are run on ether, the specific cryptocurrency token in Ethereum. Ether has gained popularity among developers as means to develop and run applications in the platform, and eventually among investors planning to purchase other digital currencies as a form of investment.
Zcash (ZEC), much like the other cryptocurrencies, is a decentralized open-source digital currency popularly known for its privacy and selective transparency on its transactions. Where Bitcoin records important details such as the amount and sender when transactions are being recorded into a block chain, Zcash features a privacy option where you can have sensitive information such as these to remain private during publication in a blockchain.