The Important Cryptocurrencies Other Than Bitcoinby Michael O Norton Forex Trader
The currencies that are invented on the concept of Bitcoin are combined-called altcoins which introduced a slightly improved version of Bitcoin. Different cryptocurrencies introduced different technologies and followed distinguished parameters other than Bitcoin to be a part of this digital revolution. According to the market demand, investment, and usability, listing out some important cryptocurrencies other than Bitcoin:
1. ETHEREUM (ETH)
Ethereum was launched in 2015 which is a decentralized software platform that allows Smart Contracts and Distributed Applications (DApps) to be created and work without any fail, hoax, limitation or interruption coming from a third party. In 2014, Ethereum introduced a pre-sale for ether which attained a great response level. As per terms defined by Ethereum, Ether can be utilized in decentralizing, securing, trading and in coding anything.
Ethereum has introduced a layout which can be used for smart contracts using dispersed blockchains. The Ethereum market cap has attained $8,284,240,957 having a rate of approx. 90 US Dollars.
2. LITECOIN (LTC)
Litecoin is based on the same concept as Bitcoin i.e. peer-to-peer technology i.e. focused on transparency and security. Litecoin was launched in 2011 to follow the pattern set by Bitcoin. It was initially called as 'silver to Bitcoin's gold.' It was produced by Charlie Lee, a former Google engineer. Litecoin follows an open source global payment network which cannot be accessed by any central authority. This payment network uses "scrypt" as a proof of work that can only be decoded with the assistance of CPUs of consumer grade. Litecoin has comparatively faster block generation rate than Bitcoin, that's why it offers quicker transaction acceptance. The market cap of Litecoin has reached to $1,576,960,281 having a value of approx. $30.89 for one Litecoin.
3. ZCASH (ZEC)
Zcash was launched in the 2016 year end. Zcash proposes with security, privacy, and transparency in functioning and transactions. Just like Bitcoin, it works on the concept of the blockchain. Using "ZK-SNARK" i.e. zero-knowledge proof construction, it allows performing extra protected transactions.
4. DASH (DASH)
Dash is also called as XCoin or Darkcoin. It was launched in the 2014 year starting. Dash works on a decentralized master-code connectivity to make the transactions completely untraceable. It is comparatively more secure and private version of Bitcoin. Its name changed to Darkcoin in March 2015 without changing its technical specifications. Dash has attained a market cap of approx. $664,377,178 in three years.
5. RIPPLE (XRP)
Ripple brought a real-time gross settlement system network into existence. It allows performing quick, and inexpensive global payments. Ripple "enables banks to settle cross-border payments in real time, with end-to-end transparency, and at lower costs." Ripple was launched in the year 2012. Till then, it has acquired a market cap of $7,236,937,220. One can purchase one-unit Ether in around $0.18.
Ripple introduces an advanced feature of consent ledger in which there is no need to perform mining (unlike bitcoin). As Ripple's processing doesn't include mining, computing energy and network usage get reduced. Ripple emphasizes on the fact that 'distributing value is a powerful way to incentivize certain behaviors', that's why intends to distribute XRP primarily "through business development deals, incentives to liquidity providers who offer tighter spreads for payments, and selling XRP to institutional buyers interested in investing in XRP."
7. RILCOIN (RIL)
Rilcoin is a cutting-edge crypto technology-based, fully decentralised crypto-currency, which actually has all the benefits of fiat currency as well the freedom and anonymity of a crypto-currency. Rilcoin is a part of an Asset Management System(AMS).
Rilcoin is an upcoming cryptocurrency that would be based on a technology equivalent to Fiat Currency. Some of the features which would not be similar to fiat currency will be made suitable using smart contracts. Its flexibility to adopt all the benefits of fiat currency makes it an exclusive one among all the other cryptocurrency. It would be the first ever cryptocurrency owning qualities of fiat currency.
Using Rilcoin, Investors can buy or sell assets through the asset management system (AMS), which facilitates ownership of a single asset to be owned by several investors at the same time. The world is changing and technology works as a catalyst in this process. All most all business segments are getting modified as a result. The way businesses operate today will not happen in the near future. To name a few, Agriculture, Energy, Technology (IoT), Manufacturing & Logistics, Real Estate and much more will evolve with time. Our vision is to take this opportunity and create a platform to distribute it across the globe. The assets all over the world can be owned by the people without any social or geographical barriers and design a payment system so flawless and robust to support the infrastructure based upon block-chain technology.
With Rilcoin, a revolutionary improvement in blockchain technology and cryptography now enables common people to use their smartphones, smart TV, Smart IoT devices for becoming a part of the new type of blockchain a.k.a Tron-chain.
This piece of information is shared by Yee Kok Siong, an arbitrageur and an investor. Mr. Siong has done a fair amount of research, understanding the crypto world and technology behind it. A very new technology with almost 99.6% of World’s population ignorant or out of reach made Yee Kok Siong realize the kind of potential and opportunity this market holds and return that is available for the investors and trader.
Created on Aug 22nd 2018 06:44. Viewed 198 times.
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