A List Of Cryptocurrencies You Should Know About

There’s a lot of hype about cryptocurrencies, but it can be hard to keep track of all the new ones that pop up. So to help you figure out which ones are worth your time and money, here’s a list of six BTC mining that you should know more about:

1. Ethereum

Ethereum is a public, innovative contract-enabled blockchain-based distributed computing platform. 

Vitalik Buterin, a researcher and programmer, proposed Ethereum in late 2013. He noticed blockchain technology’s potential to construct sophisticated decentralized applications (DApps) beyond Bitcoin. It uses a smart contract procedure to makes the process of transaction much easier. 

2. Ripple

Payment network Ripple. It’s an RTGS, currency exchange, and remittance network. The Ripple platform allows people and businesses to break free from banking institutions by leveraging blockchain technology to transmit money globally without friction. 

3. Digibyte

Digibyte (DGB) is a decentralized cryptocurrency that can be used to make fast and secure payments online. The Digibyte network runs on top of a blockchain-based public ledger that allows users to make transactions in a faster and more hassle-free manner. 

The coin was initially launched as a fork of Bitcoin but later developed into its cryptocurrency. It utilizes five different algorithms for mining purposes and has a maximum supply of 21 billion coins.

4. Dash

Dash debuted in 2014. Digital currency DASH focuses on the payments business.

Dash uses three consensus algorithms (PoW, PoS, and X11) to accomplish fast transaction confirmations. The network has developed swiftly since its debut, tripling in value, and becoming one of the most popular cryptocurrencies.

5. Tether

• Tether is a fiat-backed cryptocurrency. To do this, Tether’s inventors backed each unit with a dollar.
• The Tether should always be worth 1 USD (minus fees). This gives traders a stable alternative to Bitcoin and other cryptocurrencies.
• Some people, of late have commented that securitywise, Tether is not much reliable, as it might use a short-term pattern of dealing with unsecure debt. 

6. XRP

Ripple designed XRP to provide rapid, practically free international payments. It’s a blockchain-based cryptocurrency that may be used alone or with others. It was initially known as Ripple, and it is one of the most popular coins for doing real-time transactions. 

• This cryptocurrency enables fast, efficient transactions between banks, corporations, and individuals worldwide. It helps financial institutions make cross-border payments, reducing transaction costs.
• XRP solves various difficulties facing traditional payment networks, including:
• XRP employs strong encryption to generate its consensus ledger (the blockchain), making it safer than any other cryptocurrency.
• XRP transfers take about four seconds, compared to Bitcoin’s 10 minutes or even hours.

7. Mode

Mode is a cryptocurrency designed to be used in the fashion industry. It’s a decentralized platform for the fashion industry built on the Ethereum blockchain and has a supply of 100 million Mode tokens.

8. Qtum

Qtum mixes Bitcoin and Ethereum. It’s a smart contracts platform that allows developers to construct decentralized apps.

Qtum’s proof of stake method doesn’t require mining hardware or electricity. Qtum relies on “stakers” who store cryptocurrency in blockchain-connected wallets. 

9. Binance

• Binance lets you swap digital money for other cryptocurrencies. Bitcoin, Ethereum, Litecoin, and Ripple are popular cryptocurrencies (XRP).
• Binance surpassed Bittrex and Upbit in volume in November 2018. It’s second in daily trade volume behind OKEx.

10. DOGE (Dogecoin)

Dogecoin is a cryptocurrency that was introduced to the world in December 2013. Programmer Billy Markus created it, and it was based on the Doge meme. Dogecoin has been praised for its friendly community, which has helped make it one of the most successful altcoins.

The cryptocurrency uses the Scrypt encryption algorithm just like Litecoin does. Still, it also has its blockchain technology, making transactions faster and more efficient than other cryptos such as Bitcoin or Ethereum that use SHA2-256 or Ethash algorithms.

Conclusion

You can do a detailed market research before you go for starting with Bitcoin or any other form of crypto. They can be used for different purposes and have distinct advantages. In case, you want to know more about trading and other new cryptocurrencies and details about them, you can choose to trade at apps like profit maximizer app that will give all the insights of crypto trading, and allow you to trade safely. It’s essential to understand what crypto trading is all about before making any decisions.

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