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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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Bitcoin

Is Bex500 an alternative to BitMEX?

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An all around review of Bex500

Bex500 is a young but rapid-growing exchange, less adversarial than BitMEX, but with higher leverage than Binance, Bex500 has enough strings to attract many crypto traders. 

Those dissatisfied with the old exchange, may find Bex500 exchange with a stable system with no manipulation or “overload”, pleasant UX, user-friendly tool kits, and around-clock customer service.

Bex500 says they are making crypto margin trading “easier” and giving you a better return. 

Can they really achieve that? We conduct a comprehensive review as below to see if it is a trustworthy exchange

Question 1. What features does Bex500 have?

Bex500 offers perpetual BTC futures as well as three other cryptos including ETH, XRP and LTC, all paired against USDT. You may find Bex500 doing a good job aggregating most important features traders need for a robust trading experience with better return.

-A fair trade with no overload

Many traders are familiar with “overload” problem, which disables placing orders in peak trading times. It is suspected to be insider manipulations by exchanges which can cost users entire portfolios.

Bex500, with its unmatched TPS (claimed to be over 10,000 orders per second), ensures that the trading…

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How Bitcoin Has Changed Online Gaming

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We always hear how Bitcoin is great for the financial industry, how it can remove the middleman and help you save money while you spend money. How it can provide fast transactions at any time to any place, even when you wish to send money to someone on the other side of the world.

While all of that is true, it is important to remember that Bitcoin’s impact does not end there. The coin has already changed countless other industries, but one of the first ones that have accepted it with open arms — and therefore one that was changed the most — is the online gaming industry.

Bitcoin’s impact on online gaming

The first thing to note here is that digital currencies have found their use in online gaming thanks to microtransactions. However, it goes far beyond simply purchasing an in-game item from another player. Bitcoin’s biggest impact, without a doubt, concerns online gambling, sports betting, and similar activities.

Bitcoin brings security and anonymity

Bitcoin casino has become one of the new most popular places for an online gambler to visit, and for numerous reasons. Bitcoin brought increased security — to the financial industry, as well as online games. This is important because security is crucial for anyone who enjoys online gambling. It…

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The Crucial Role of Cryptocurrencies & Blockchain in Modernising The Telco Industry

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Blockchain has caused quite a stir in recent years. In fact, there’s a school of thought that firmly believes the digital ledger technology will prove to be the 21st Century’s biggest innovation

There are a great many industries braced for the disruptive force of blockchain, and the sweeping benefits it can bring to telecommunications can’t be underestimated. 

A blockchain is a decentralised, distributed, public digital ledger that’s fundamentally used to record transactions online. Every transaction that takes place is recorded across an extensive array of computers in a way that ensures that any individual record within the chain can’t be tampered with or retroactively modified. 

Because of the virtually impregnable security associated with blockchain and the efficiency that comes with a fully decentralised ledger, there’s plenty of potential for the technology within the telco industry in particular – especially given the financial flexibility that comes with cryptocurrency transactions beyond borders. 

Let’s take a deeper look at the important role that both blockchain and its associated cryptocurrencies can play in modernising and securing the telco industry:

Unprecedented security

The arrival of blockchain is causing a stir at Deloitte. The professional services giant has contributed tens of thousands of words on blockchain within its ‘insights’ network, and there are…

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