The money that we are used to is the hard kind that can be seen and felt. Then cryptocurrencies became popular worldwide in 2009 after the introduction of Bitcoin. For most individuals, the Bitcoin is the only cryptocurrency that they know. However, other than the Bitcoin, there are several other cryptocurrencies that are in circulation.
Introduced in 2011, Litecoin followed Bitcoin. It is also known as “the silver to Bitcoins gold”. It was created by Charlie Lee an M.I.T graduate and former Google engineer. The cryptocurrency is based on an open source global pay network. This network is not controlled by any central authority and it uses crypt as a proof of work. Litecoin is faster than Bitcoin as it has a faster generation and transaction rate. Visit slotscasinos to learn more about cryptocurrencies on casinos.
Etherum is also another cryptocurrency. It was introduced in 2015. Etherum is a decentralized software platform that enables smart contracts and distributed applications to be built and run. Etherum uses a specific cryptographic token called ether. According to Etherum, “ether can be used to codify, decentralize, secure and trade just about anything.
Etherum has a market capitalization of $41.4 billion.
The Zcash was launched in 2016. Zcash states that, if Bitcoin is HTTP for money, then they are HTTPS. Bitcoins are also used by best payout online slots. By this, they mean that they aim to provide extra security and privacy.
Originally developed by Evan Duffield, the currency was launched in 2014. It was originally known as the Darkcoin but was rebranded to Dash which means Digital Cash. Dash is a more secretive version of Bitcoin. Dash offers more anonymity as it works on a decentralized master code network that makes transactions untraceable. The cryptocurrency can be mined using a CPU or a GPU.
This cryptocurrency was launched in 2012. Ripple is a real-time global network that offers instant, certain and low-cost international payments. They have a market capitalization of $1.26 billion.