What Does Wests Annotated Code Provide Over The Non-Annotated Code What Are Top 5 Cryptocurrencies Other Than Bitcoin?

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What Are Top 5 Cryptocurrencies Other Than Bitcoin?

Bitcoin has led the crypto world for so long and so dominantly that the terms crypto and Bitcoin are often used interchangeably. However, the truth is that digital currency is not just about Bitcoin. Many other cryptocurrencies are also part of the crypto world. The purpose of this post is to educate our readers about cryptocurrencies other than Bitcoin, so that you can offer them a wide variety of options – if they are looking to make a crypto investment.

So let’s start with the first name on our list, i.e.:

Litecoin:

Launched in 2011, Litecoin is often referred to as “silver to Bitcoin’s gold.” Charlie Lee – MIT graduate and former engineer at Google – is the founder of Litecoin.

Like Bitcoin, Litecoin is a decentralized, open-source payment network that operates without a central authority.

Litecoin is similar to Bitcoin in many ways and often makes people wonder, “Why doesn’t Bitcoin work? They are both similar!”. Here’s a catch: Litecoin’s block generation is much faster than Bitcoin’s! and this is the main reason why merchants around the world are becoming more open to accepting Litecoin.

Ethereum:

Another open source decentralized software platform. The currency was introduced in 2015 and allows smart contracts and distributed applications to be created and run non-stop.

Applications on the Ethereum platform require a special cryptographic token – Ether. According to the main developers of Ethereum, the token can be used for almost anything for trading, security and decentralization.

Ethereum experienced an attack in 2016 that split the currency into two: Ethereum and Ethereum Classic.

In the race of leading cryptocurrencies, Ethereum is the second most popular and is right behind Bitcoin.

Zcash:

Zcash was released in the second half of 2016. The currency defines itself as “if Bitcoin is to http for money, Zcash is to https”.

Zcash promises to provide transparency, security and privacy during transactions. The currency also offers the possibility of a “protected” transaction, so users can also transmit data in the form of an encrypted code.

Thought mark:

Dash is originally a secret version of Bitcoin. It is also known as “Darkcoin” due to its secretive nature.

Dash is popular for its extended anonymity, which allows users to make their transactions impossible to trace.

The currency first appeared on the digital market in 2014. Since then, for a very short period of time, he has been followed by great fans.

Ripple:

With a market capitalization of over $1 billion, Ripple is the last name on our list. The currency was introduced in 2012 and offers instant, secure and low-cost payments.

Ripple’s consensus ledger does not require mining, a feature that sets it apart from Bitcoin and other major cryptocurrencies.

The absence of mining reduces computing power, which ultimately minimizes latency and makes transactions faster.

Summary:

While Bitcoin still leads the crypto pack, rivals are picking up the pace. Currencies like Ethereum and Ripple have overtaken Bitcoin in enterprise solutions and are growing in popularity by the day. Following the trend, other cryptos are here to stay and will soon give Bitcoin a very hard time to maintain its strength.

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