13 types of cryptocurrency which are not Bitcoins

September 1, 2018 Cryptocurrency

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Man using Bitnance to track a criocurrency

JACK GUEZ / Getty Images

Move, bitcoin. The world of virtual currencies is becoming very crowded with the so-called altcoins.

The explosion of Bitcoin in the foreground led to the growth of dozens of other cryptocurrencies. Meanwhile, companies are betting that the blockchain, the underlying technology of bitcoin, could radically change the economy, leading to a surge of blockchain projects.

The rise of the altcoins

Below is a list of some of the most important altcoins around. Many are blockchain experiments that use the sale of "coins" to finance the project and feed the network.

You should definitely do your research if you plan to buy. It is also worth noting that the purchase of some of these is not exactly easy. In many cases, you will probably have to buy bitcoin or ethereum first. As with all investments, but especially those in cryptographic space, avoid investing money that you do not feel comfortable given the volatility of space.

Altcoin prices and market capitalization are based on CoinMarketCap.com data of 27 August. , 2018.

1. Zcash

Price: $ 135.94
Market capitalization: $ 634 million

Part of Zcash's attractiveness is its increased security and privacy. Transactions are recorded on a blockchain, but the details of the sender, recipient and amount remain private. Similar to bitcoin, Zcash has the ability for users to send public or private payments.

2. Ethereum

Price: $ 277.46
Market capitalization: $ 28 billion

Of all non-bitcoin cryptocurrencies out there, ether (as the currency is called) or Ethereum (the name for the network) is most likely to ring a bell. Companies are particularly in love with this system because of its so-called intelligent contract features.

3. Ripple

Price: $ 0.32
Market Capitalization: $ 12.92 billion

While much of the cryptocurrency space was created in spite of traditional banking space, Ripple's intent is always was to help the industry, mainly by facilitating global payments. The company said in a tweet that three of the top five global money transfer companies should use XRP – Ripple's cryptocurrency – in payments this year, with others on the way.

4. Bitcoin Cash

Price: $ 527.78
Market Capitalization: $ 9.1 billion

One of the attributes of bitcoin's signature is its decentralized structure. Rather than a central entity making decisions, the miners community votes on things like improving the system. In 2017, there was a disagreement within the community on how to deal with downsizing issues. That disagreement led to a fork and to the creation of Bitcoin Cash.

5. Cardano

Price: $ 0.10
Market capitalization: $ 2.47 billion

Like most cryptocurrencies, Ada, Cardano's currency, can be used to transfer funds digitally, but its developers have plan to build a platform capable of executing financial applications and smart contracts. Cardano says that he is setting aside by balancing privacy with regulation with the goal of promoting financial inclusion.

6. Litecoin

Price: $ 57.37
Market capitalization: $ 3.32 billion

Like Bitcoin Cash, Litecoin was also created as a bitcoin fork. His main affirmation is his fastest settlement goal: Litecoin aims to settle transactions in two and a half minutes, compared to 10 minutes for bitcoins.

Litecoin can also be bought and sold on traditional plants such as Coinbase. With the exception of Bitcoin Cash and Ethereum, the purchase of alt coins usually begins with the purchase of bitcoin or Ethereum in an exchange like Coinbase and then in another stock exchange.

7. NEM

Price: $ 0.10
Market capitalization: $ 940 million

NEM is another blockchain project that is trying to help companies and industries improve things like payments and logistics. He is trying to differentiate himself by making his highly customizable blockchain. As its website says, "If you're new to blockchain, NEM was created to be your entry into the blockchain industry." If you're an experienced developer, NEM has the power you need to create blockchain applications all-in-one. avant-garde. "

8. Stellar

Price: $ 0.21
Market capitalization: $ 4 billion

Stellar is looking at the way people, banks and payment networks transfer money. Its co-founder Jed McCaleb, a veteran in a still-burgeoning industry. He built and sold the mountain. Gox, the first bitcoin exchange and then continued to co-found Ripple. Stellar's currency is called lumen.

9. NEO

Price: $ 18.32
Market capitalization: $ 1.19 billion

The NEO is focused on creating a framework for the "intelligent economy" in which digital resources they are easily transferable, where digital identity is secure and where smart contracts make everything work perfectly.

10. IOTA

Price: $ 0.58
Market Capitalization: $ 1.63 billion

IOTA, which stands for the Internet of Things Application, is betting on the future of connected devices, as the name suggests. The idea is that as the number of devices connected to the Internet grows, everything from iPhones to smart cars also increases the number of micropayments. The payment ecosystem will need a system that allows it quickly. The IOTA also claims to be able to deliver this without commissions

11. Dash

Price: $ 146.49
Market capitalization: $ 1.21 billion

Of all the altcoin on this list, Dash is one of the few that is intended to be used by people to buy goods and services. In this sense, it looks a lot like bitcoin, although the founders are trying to learn from the mistakes made in the construction of bitcoins. Dash, which is a portmanteau of digital and money, should be faster and cheaper than bitcoins.

12. Monero

Price: $ 95.65
Market capitalization: $ 1.56 billion

One of the most important features of bitcoin is its perceived anonymity. While providing good privacy for its users, Monero aims to be totally opaque. This characteristic has made it particularly popular on the obscure web, where bitcoin has become decidedly passe

13. TRON

Price: $ 0.02
Market capitalization: $ 1.52 billion

TRON is trying to hire Internet giants such as Facebook and YouTube for creative types. He is trying to "decentralize" the web so that musicians, artists and others can share their creations with the world without having to rely on "centralized services". The founder Justin Sun, is worth following on Twitter

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