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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

What is Bitcoin IRA and Which Ones to Consider Using in 2019

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As Bitcoin, and cryptocurrencies in general, continue to advance in the world of modern finances, many are finding new use cases for this form of money. Although cryptocurrencies still have limited use cases, many of them are finding new ways to be useful, which will give them an advantage and secure their long-term survival.

Bitcoin, for example, already has numerous use cases, including purchases of goods and services, crypto trading, loans, savings, and more. Another of its use cases includes individual retirement accounts or IRAs. Simply put, this represents an account that individuals can open at a number of financial institutions, and use it to save money for their retirement.

Many choose to open these accounts due to lower taxes, which allow them to save up more. IRA comes in several types, including traditional IRA, rollover IRA, and Roth IRA. Traditional IRA is as simple as it sounds — users simply open an account and start adding money that they can afford to deduct from their income.

Rollover IRA includes “rolling the money over” from the qualified retirement plan to the IRA, while Roth IRA allows users to deposit after-tax money which can then grow completely tax-free

Bitcoin IRAs work pretty much in the same way, except you deposit Bitcoin instead of traditional currencies. While some of the older, traditional IRAs have decided to expand their businesses in…

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Why BlocPal Is the Easiest Way to Accept Cryptocurrency

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The face of the retail industry is always changing.

E-commerce is one of the fastest growing trends worldwide, and for good reasons.

It’s convenient, secure, and is effective at connecting merchants with interested shoppers from across the world.

For this reason, it’s no surprise that online shipping is expected to overtake brick-and-mortar stores globally by 2021, making it the world’s largest medium for retail. As the industry changes, it’s important for retailers to keep up with the latest technology so they’re able to accommodate more customers at once. This is where BlocPal comes in.

BlocPal offers business owners an easier way to process payments

BlocPal understands that not every business owner adapts to technology at the same rate. As such, BlocPal has been designed to optimize transactions for both online and brick-and-mortar companies so that every retailer can enjoy the benefits that come with the world’s first true multi-currency payment solution.

With BlocPal, business owners can enjoy the following benefits:

    • The ability to process payments in fiat (USD and CAD) currency as well as Bitcoin, Bitcoin Cash, Bitcoin SV, Litecoin, and Ethereum. Expect more currencies to be added as BlocPal…
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Bitcoin Grows Beyond $4,000

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Bitcoin grows beyond $4000
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Bitcoin (BTC) is starting to make waves again, and while they are still small, investors around the world are welcoming the positive development. The number one cryptocurrency has just breached the $4,000 mark, and while this is still five times lower price than it was in early January 2018, it is over $800 higher than in early December 2018.

At the time of writing, Bitcoin price is at $4,048.60, after the coin experienced a 5.53% growth in the last 24 hours. Meanwhile, its market cap sits just above $70.5 billion, while the coin’s daily trading volume is at $5.7 billion.

Bitcoin has had a rough 2018, just like the rest of the crypto market. In fact, the coin is so influential that it usually dictates the market behavior, whether positive or negative. Right now, the rest of the market follows the positive trend, with all of the top 10 cryptocurrencies currently trading in the green, while only a few among the top 100 coins are experiencing minor losses.

The largest gainers among the top 10 cryptos by market cap are Litecoin (LTC) with a 7.64% growth, and Stellar (XLM), which is growing by 7.27%.

Bitcoin’s behavior in the new year has mostly been positive, which is a trend that originally started on December 17th, 2018. After a month and a half of constant losses, which have brought…

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