TOP 10 CRYPTOCURRENCIES OTHER THAN BITCOIN
So we all have seen how Cryptocurrencies are becoming popular and how Bitcoin has exploded in its price point and today we'll examine some of the most important digital currencies other than Bitcoin. The first Bitcoin alternative on our list is:
10. ETHERIUM
Etherium is a decentralized software platform which enables smart contracts and decentralized applications to be built and can run without any downtime fraud control or interference from any third party. The goal behind Etherium is to create a decentralized suite of financial products that anyone in the world can have free access to regardless of nationality authenticity or faith. This aspect makes the implication for those in some countries more compelling as those without state infrastructure and state identifications can get access to bank account loans insurance or a variety of other financial products Etherium that was launched in 2015 is currently the second-largest digital currency by market cap after Bitcoin as of January 2021 ether's market gap is roughly 19% of Bitcoin size.
9. LITECOIN
Litecoin was launched in 2011, was among the first Cryptocurrency to follow the footstep of Bitcoin, and has often been referred to as the silver to Bitcoin school. It was created by Charlie lee an MIT graduate and a former Google engineer. Litecoin is based on an open-source global payment network that is not controlled by any central authority and uses the script as proof of work which can be decoded with the help of CPU of consumer-grade. Although Litecoin is like Bitcoin in many ways it has a faster block generation rate and hence offers a faster transaction confirmation time other than developers, there is a growing number of merchants who accept Litecoin as of January 2021. Litecoin had a market cap of 10.1billion dollars and a full token value of 153.88 making it the sixth-largest Cryptocurrency in the world.
8. CARDANO
Cardano is a Cryptocurrency which was created with a research-based approach by the engineers, mathematicians, and cryptography experts. The project was co-founded by Charles Hoskinson one of the five initial founding members of Etherium, after having some disagreement with the direction Etherium was taking he left and later helped to create Cardano.
Cardano has always been dubbed as Etherium killer as his blockchain is said to be capable of more while it has beaten Etherium to the proof of stake consensus model. It still has a long way to go in terms of decentralized financial applications as of January 2021, Cardano has a market capitalization of 9.8 billion dollars and the 188 trade for 0.31 dollars number.
7. POLKA DOT
Polka dot is a unique proof of stake Cryptocurrency that is in and deliberates in interoperability between other Blockchains its protocol is designed to connect per missioned and permissionless blockchains as well as oracles to allow systems to work together under one roof.
Polka dot core component is its relay chain, which allows interoperability of varying networks. It also allows for para chains or parallel blockchains with their native token for specific use cases.
Polkadot was created by Gavin wood another member of the core founders of the Etherium project who had differing opinions on the future of the project, as of January 2021, Polkadot has a market capitalization of 11.2 billion dollars and one dot trades for 12.54 dollars.
6. BITCOIN CASH
Bitcoin cash holds an important place in the history of old coins because it is one of the earliest and successful hard forks of the original Bitcoin. In the Cryptocurrency world, a fork takes place as the result of debates and arguments between the developers and miners due to the decentralized nature of the digital currency, wholesale changes to the code underlying the token or coin at hand must be made due to consensus.
The mechanism of this process varies according to the specific Cryptocurrency. The Bitcoin network has a limit on the size of blocks, one-megabyte Bitcoin cash increases the block size from one megabyte to eight megabytes with the idea being that larger blocks can hold more transactions within them, and therefore the transaction speed would be increased as of January 2021 Bitcoin cash has a market cap of 8.9 billion dollars and a valuable token of 530.45 dollars.
5. STELLAR
Stellar is an open blockchain network designed to provide enterprise solutions by connecting financial institutions for large transactions. Huge transactions between bank investment firms that typically would take several days, several intermediaries, and costs a good deal of money, can now be done nearly instantaneously with no intermediaries and costs little to nothing for those making the transaction.
Stellar has positioned itself as an enterprise blockchain for the institutional transaction, it is still an open blockchain that can be used by anyone. The system allows for cross-border transactions between any currencies. Stellar was founded by Jed a founding member of ripple labs and developer of the rippled protocol. He eventually left his role with ripple and went on to co-found the stellar development foundation. Stellar lumens have a market capitalization of 6.1 billion dollars and are valued at 0.27 dollars as of January 2021.
4. CHAINLINK
Chainlink is a decentralized oracle network that bridges the gap between smart contracts like the ones on Etherium and data outside of its blockchains themselves that cannot connect to outside applications in a trusted manner. Chain links decentralized oracles allow smart contracts to communicate with outside data so that the contracts can be executed based on the data that Etherium itself cannot connect to, as January 2021 chain links market capitalization is 8.6billion dollars and one link is valued at 21.53 dollars.
3. BINANCE COIN
Binance coin is a utility Cryptocurrency that operates as a payment method for the fees associated with trading on finance exchange, those who use the token as a means of payment for the exchange can trade at some discount. Binance coins blockchain is also a platform that Binance decentralized exchange operates on and the exchange is one of the most widely used exchanges in the world, as of January 2021 Binance has a 6.8 billion dollar cap with one BNB having a value of 44.26 dollars.
2. TETHER
Tether or USD was one of the first and most popular groups of so-called stable coins, that aim to pay their market value to a currency or other external reference point to reduce volatility because most digital currencies even major ones like Bitcoin have experienced frequent periods of dramatic volatility and other stable coins attempt to smooth out price fluctuations. To attract users who may otherwise be cautious in January of 2021 tether was the third Cryptocurrency by market cap with a total market cap of 24.4 billion dollars and a per token value of 1 dollar.
1. MONERO
Monero is a secure private and untraceable currency this open-source Cryptocurrency was launched in April 2014, soon garnered great interest among the cryptography community and enthusiasts. The development of Cryptocurrency is completely donation-based and community-driven. It has been linked to criminal operations around the world as of January 2021, Monero has a market cap of 2.8 billion dollars and a per token value of 158.37 dollars.
These are some Cryptocurrency other than Bitcoin which is worth holding for years all the data are taken from January 2021 end and all the data's are taken from google and it is all for educational purpose do your research before investing in any of them. Stay tuned for more market research on the crypto market.
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