Let’s have a look on 5 Alternative Cryptocurrencies like Bitcoin You Could Use that will help you to make secure payment in all online markets, and you can even do good business in this money.
[dropcap]I[/dropcap]n this new year, the value of the Bitcoin has reached up to $1063 as of writing! Many of you might be thinking about what the bitcoin is? Bitcoin is the virtual digital currency that could be used to make the online payments, shopping things, etc. This kind of digital form of currencies that could be used for making the payments online are known by the name cryptocurrencies, and the name is such because these digital currencies are generated and used through the encryption techniques. Like Bitcoin, there are multiple other forms of digital currencies or the cryptocurrencies that have their different values, and about 200 cryptocurrencies are there till now all with their different values. Bitcoin is rather the most popular form of cryptocurrencies that the people use worldwide but still because of some reasons they might find up other cryptocurrencies trailing the edge over Bitcoin. Here in this article, we have listed about five best alternatives to the Bitcoin that have better features in various segments if you also wish to use any bitcoin alternative then you must have a look at these alternatives!
5 Alternative Cryptocurrencies like Bitcoin You Could Use
This one has coin limit of 84 million as opposed to the 21 million coin limit for Bitcoin. This means that the users get the more chance to make more and more mined coins for Litecoin whereas the Bitcoin have very conjuring limits. The block generating time for Litecoin is 2.5 minutes while the Bitcoin works on 10 minutes block generation time. More advanced encryption of the Litecoin makes it more secure as the transaction details are not publicly visible at all, but Bitcoin provides the whole public access to the transaction details!
- 1 Litecoin=$4.73
The block generation time for Ethereum is 15 seconds whereas Bitcoin takes too long of 10 minutes time. This affects the overall transaction time, and you could easily guess which would be the faster. The Ethereum techniques allow mining Ethers with the GPU of your computer whereas with Bitcoin advanced ASIC devices are required
. The smart contracts concept of the Ethereum allows the two users to make a binding commitment to exchange Ether and this preferably could be much more useful in countries with lax courts as the whole process is overseen by the computer program!
- 1 Ether=$10.76
#3 Dash (Darkcoin)
The Dash prevents or secures the transaction details by blurring it to the utmost extent while the Bitcoin doesn’t do anything there and simply provides the public access to the transaction details. Bitcoin is based on single SHA-256 algorithm while dash consists of 11 algorithms and this makes it much tougher to break into the Dash network compared to the Bitcoin network.
- 1 Dash= $16.69
Based on CryptoNote protocol, Montero is the improved version of the Bitcoin with some nice little touches of Bitcoin.Montero could use the GPU or CPU for mining coins while the Bitcoin requires some advanced dedicated ASIC for the same. The block chain is encrypted well in Monaco and the transaction details are not visible publically while the Bitcoin avails the public to easily view the transactions made by others. At last the best thing about Montero is that it only takes 2 minutes for block generation whereas the Bitcoin takes about 10 minutes for the same, this affects the transaction speed over the network!
- 1 Monero=$16.75
Started in 2013 and got its name from the joke over the public internet, this cryptocurrency has now a market cap of about $22 million. The edge of Dogecoin over Bitcoin is that it’s block time is greatly lesser where it only takes one minute while the Bitcoin takes merely 10 minutes hence the transactions with the Dogecoin would be faster. The Dogecoin is generally used to tip online content providers and is not rather used for buying or selling products online!
- 1 Dogecoin=$0.00023
After reading the above article you have now got about all those best alternative cryptocurrencies like the bitcoin. All these bitcoins have some of their edges over bitcoin in different segments and might be you would be looking for such cryptocurrency that has some feature more advanced than the bitcoin, the above-listed alternatives would fulfill your choice most probably!