Bitcoin Alternatives All You Need to know

Bitcoin Alternatives All You Need to know

In today’s era of cryptocurrency, bitcoin is at its higher level as it has been popular since 2009. There are many benefits to investing in digital currency. As everyone knows bitcoin is very famous all over the world. But apart from this, there are so many other cryptocurrencies.

There are many other options of digital currency in which one can invest and take many advantages of these cryptocurrencies.

Now let’s take a closer look at other alternatives to bitcoin

Litecoin

This digital currency was introduced in October 2011. In Litecoin, the procedure is the same as bitcoin except for the prices. These are cheaper than bitcoin.

Here are some other features of Litecoin are:

  • Cost is less
  • Easier to mine
  • Handle high transaction
  • Democratic
  • Secure and private wallet

Dash (Digital Cash)

As the name clarifies, it’s about digital cash. By using dash digital currency, one can transfer funds to another Dash wallet holder. In this, the transaction would be confirmed in less than a second. In-dash currency all your transaction history and available balance are hidden from other users. As per the share market, Dash is in the top 20 digital currencies.

Other features are:

  • A lower fee as compared to other digital wallets
  • Decentralized network
  • Advance security and coding
  • Easy money transfer all over the world

Monero (XMR)

Monero is specially designed as per your privacy requirements. It sat in motion on 14th April 2014. It provides undetectable and anonymous transactions to its users. Mainly these two features make it popular in the digital currency. To gain profits, Monero is a reliable option in 2020. If you want to invest in bitcoins then visit  bitcoin-era.

Ethereum (ETC)

Ethereum is the second-largest cryptocurrency after bitcoin all over the world. It was launched in 2015 and today becomes the second-largest digital currency. It is completely different from bitcoin. In this developer can create and locate their broadcast application and other contracts. By using its vernacular currency that is ETC one can pay transaction fees on the Ethereum network.

Its main features are:

  • No chance of fraud
  • No interference of the third party
  • Hardware wallet

Feathercoin (FTC)

This is the powerful open-source cryptocurrency with all monetary properties. It is the upgraded software piece compared with bitcoin. Feathercoin was founded in early 2013.

Some benefits of Feathercoin are:

  • Nine times faster than bitcoin
  • Huge increment in coins near about 336 million

Zcash (ZEC)

Zcash is especially built to protect the user’s privacy. It is built from the project of Zerocoin. With the help of Zerocoin, Zcash made it possible for an encrypted transaction. Zcash has its blockchain and is different from bitcoin in many ways. As in bitcoin one can payout anywhere similarly in ZEC all the vendors are willing to accept it.

Some core features are

  • Address and transaction facility
  • Low transaction fee
  • Highly privacy of users

Steem

This digital currency was introduced by Ned Scott (current executive chairman of the Steemit company), on 24 March 2016. It is still in a developing state and going to get better day by day. Steem launched with a nearly double inflation rate each year. This blockchain has a large number of DApps in running state. This network rewards its buyer for generating content.

Some highlighted features are:

  • Fast block time
  • Zee transaction fee
  • Provide a network for decentralization

Ripple (XRP)

According to the market capitalization XRP in third place. The technology of XRP is very vast. Just because of the technology there are so many opportunities in the field of banking and other payment networks.

Features are:

  • Known for the digital payment protocol
  • run-on open-source and decentralization network
  • Seamless transfer of money

Conclusion

Finally, it may be clear from the summary of all alternatives of bitcoin in 2020 that how the other cryptocurrencies are also beneficial for investing money.

Cristina Macias
Cristina Macias is a 25-year-old writer who enjoys reading, writing, Rubix cube, and listening to the radio. She is inspiring and smart, but can also be a bit lazy.