You know for sure about Bitcoin that it’s come a long way since its foundation as a digital cash system. There are now over 1500 cryptocurrencies available to the public, and variety has allowed blockchain technology to grow exponentially.
What’s fantastic about this new economy is the individual choice; you can pick whichever cryptocurrency you want to depend on your wants and needs at any given time.
A blockchain mining robot that runs on its own without a human operator. The best part is that you can pick which cryptocurrency to be in control of your finances over. An interesting aspect is that the bitcoin era review has brought a variety of different cryptos out into the public eye, some more stable and reliable than others.
- Bitcoin Cash: A relatively old cryptocurrency, Bitcoin Cash was introduced in August 2017. Headed by the same person who created Bitcoin, Satoshi Nakamoto, it works similarly to Bitcoin but better.
- Bitcoin: Bitcoin is the original cryptocurrency, coined in 2009. The pioneer for many other cryptocurrencies, Bitcoin has a relatively stable, strong, and established network. It continues to be used widely today because of its reliability and trustworthiness.
- Litecoin: Litecoin is often considered to go hand-in-hand with Bitcoin. Launched in 2011, it is also one of the oldest cryptocurrencies. It is often used as an alternative to Bitcoin, both in trading and for those who prefer faster transaction times. Using a similar system to Bitcoin, the Litecoin blockchain allows for faster processing of transactions that allows more users to adopt their currency.
- Ethereum: Launched in 2015, Ethereum is one of the most exciting new technologies to be developed recently. It was created by a young programmer, Vitalik Buterin, and has grown more popular than Bitcoin. The cryptocurrency runs on its blockchain, separate from that of Bitcoin.
- NEO: A Chinese cryptocurrency, NEO was launched in 2016 and has already been considered one of the most promising cryptocurrencies of 2018. It was dubbed “The Ethereum of China” due to its extraordinary functionality and its similarities in function.
- EOS: This new cryptocurrency was launched in 2017. It is divided into units of time, and one EOS unit is worth 0.0001 of an Ethereum unit. They can be exchanged for Ethereum tokens the same way you would use bitcoin to buy an altcoin.
- Binance Coin: Launched in 2017, Binance Coin has been called the “backbone” of the Ethereum era. It is designed to act as an additional layer of value to all cryptocurrencies on the market, allowing them to trade with and use each other more easily.
- Monero (XMR): One of the oldest cryptocurrencies available, Monero began as a Bitcoin fork in 2014. It’s one of the most anonymous cryptocurrencies because it works with unique variations and cryptography so that every transaction is private and secret.
- Bitcoin Gold: Bitcoin Gold is a more recent cryptocurrency launched in 2017. It is based on the Bitcoin blockchain but utilizes a different code that allows for mining on home computers rather than centralized computer farms.
- Cardano: Like Ethereum, this new cryptocurrency was created by a young programmer. It was launched in 2017 and had been gaining popularity since then. A peer-to-peer currency like Bitcoin works on its blockchain and uses a unique distributed ledger structure to enhance security and avoid third parties.
- IOTA: This cryptocurrency launched in 2015 and has been growing in popularity ever since. It is an alternative to Bitcoin that works with new machines and methods of communication that allow it to function more efficiently.
- Ripple: Despite being a new cryptocurrency, Ripple has proven to be one of the most reliable and effective distributed ledger platforms currently available. It allows for verification of transactions, settlement, and ultimately more efficient banking options for banks.
- ZCash: Described as a Bitcoin spin-off, ZCash started in 2014 and is still growing. It allows for high levels of security and privacy for all transactions, so it works well as an alternative to Bitcoin.
- Dash: Another Bitcoin fork, Dash, was launched in 2014 and allowed for instant transactions for all parties involved. It helps solve issues with speed and efficiency that are common in blockchain technology.
Hopefully, you’re aware that a lot is riding on this new technology. It has the power to change our society radically in years to come, and if you want to be a part of it, it’s more important than ever to get involved and begin investing. There is a lot of money to be made if you get involved in cryptocurrencies early on, so you might as well launch yourself into the world of blockchain today and run along with the growing pack.
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