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Top 6 Bitcoin (BTC) Alternatives in 2018

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It has been a while since cryptocurrencies first appeared, and due to their last year’s increase in price and popularity, nearly everyone with the internet connection has at least heard of them. Most people are already somewhat familiar with Bitcoin (BTC), which is the first and biggest crypto to this day. However, there are many, many more of them out there, some of which can serve as more than decent BTC alternatives. Let’s list some of them, and see what they can offer.

Litecoin (LTC)

Litecoin is often described as silver to Bitcoin’s gold. It is a currency that first appeared in 2011, and it is among the first ones to appear after BTC. LTC was created by a former Google engineer and an MIT graduate, Charlie Lee, and it is based on an open-source network for global payments. It is decentralized, meaning that it does not have a central authority, and is known for using scrypt as its proof-of-work.

Considering the fact that it appeared so soon after BTC, it shares many similarities with this currency. What makes it different, however, is a much faster rate of block generation. This also allows for faster transactions, which is a useful feature that has inspired many to start adopting LTC as a part of their business practices. Its current value is $122.10 per coin.

Ethereum (ETH)

Ethereum is a much younger crypto that was launched back in 2015. It is basically a decentralized software platform, and it allows for the creation of dApps and Smart Contracts. Thanks to these products, issues like fraud, downtime, interference, or control from some third party is completely eliminated.

Before ETH’s official launch, Ethereum has a pre-sale which had a much bigger response than anyone would have expected. Its token is called Ether, and it allows its holders to easily navigate Ethereum’s platform, which is why app developers who wish to use this platform make the majority of ETH holders.

After a cyber attack from 2016, Ethereum had to split, which led to the creation of another altcoin, Ethereum Classic (ETC). ETH’s current price is $602.78, while ETC’s price is $15.75.

Verge (XVG)

Verge is yet another crypto that was inspired by Bitcoin, and it even used BTC’s original blockchain, which it improved for its own purposes. Those purposes include providing its users with an efficient and fast decentralized way to make transactions directly. Its goal is to allow the users to keep their privacy, and give them flexible options when it comes to sending and receiving payments.

To achieve such levels of privacy, Verge uses networks that provide anonymity, like 12P and Tor. That way, it can successfully hide its users’ IP addresses, and keep their transactions untraceable. As for its price, it is currently at $0.041980.

Ripple (XRP)

Ripple is a crypto that was developed and launched in 2012 by the Ripple company. This company has a complete ownership and control over this currency, which makes it impossible for anyone to actually mine it. The only way to get Ripple is to buy it from a trading platform. This level of control, as well as multiple products that provide its users with quick and safe payments, has made Ripple one of favorite cryptos among the banks.

Financial institutions have discovered its potential, which has inspired them to adopt it and use its technology to improve their own businesses. Ripple, of course, accepted, which allowed it to gain more exposure, influence, and users. Its price is at $0.623194.

Dash

Dash is a crypto that appeared in January 2014 under the name of Darkcoin, and is mostly described as Bitcoin’s more secretive version. Obviously, it was inspired by BTC, but it offers much more anonymity than BTC. It works on a mastercode network that is completely decentralized, and it allows for untraceable transactions.

Due to its nature, it became very popular very quickly, and it can be mined by anyone by using GPU or CPU. Its name was changed from Darkcoin to Dash in 2015, but it kept all of its original technological features. Its current price is at $338.29.

Despite the fact that BTC is the biggest and the best-known crypto within the online world, there are still many currencies that can be used as its alternatives. Most of them offer a better deal when it comes to privacy or fees, which is not surprising considering that they managed to build on the foundation that BTC itself has set.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

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Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

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