As we have entered into a digital world, we are witnessing a lot of new things. Cryptocurrency or digital currency is one of those fantastic things. Well, digital currency is not similar to digital transactions. Let’s see the 10 most popular cryptocurrencies other than bitcoin.
Bitcoin is the most popular cryptocurrency right now. You can check bitcoinup-pro.com/ms for different bitcoin codes. However, there are various options available in the crypto world.
By reading this article, you will be able to know about the ten most popular cryptocurrencies other than bitcoin. These digital currencies are not that popular among most people. However, we can assure you that they are going to be popular with the growing crypto world.
What is Cryptocurrency?
Before we start with the most popular cryptocurrencies, we need to know some basics. In simple words, cryptocurrency is digital or virtual money. You have to store your money using a digital wallet.
Some cryptocurrencies are associated with credit or debit cards. However, most are maintained on only digital platforms. Cryptocurrency is designed to be free from government and bank manipulation. This is why this type of currency is not legal everywhere.
Even digital currency is not available everywhere, there are some sites like bitcoincodesweden.com that are working really well. Let’s find out about some amazing digital currencies that are similarly beneficial like bitcoins.
If you are looking for a bitcoin alternative, nothing is better than Ethereum. This digital currency is quite well-known in the market. The goal behind designing Ethereum was allowing people access freely.
Ethereum is the second biggest cryptocurrency in the market. On May 2021, around $77.3 billion is locked on Ethereum. This currency is expected to become more popular in coming years. The developer of Ethereum are designing ETH 2.0.
Designed for large industries, Stellar is one of the most popular cryptocurrencies right now. Founded by Jed McCaleb, Stellar is an open blockchain network. He was a founding member of Ripple. However, McCaleb left Ripple to design this digital currency.
As we mentioned above, this currency is very good for large transactions. This means many financial institution and banks can make huge transaction between them. Stellar has a market capitalization of around $6 billion.
After Bitcoin, Dogecoin is the most popular cryptocurrency right now. Well, this digital currency was designed as a joke back in 2013. Dogecoin started becoming popular after Elon Musk, the head of Tesla gave it endorsement.
In fact, he is currently working with Dogecoin’s developers to make it more sustainable. This digital currency has been the best one to buy in 2021. Plus, Dogecoin has one of the best community backings.
Launced in 2011, Litecoin is one of the oldest cryptocurrencies in the market. This digital currency was designed by Charlie Lee, a former Google engineer. Litecoin is an open-source payment platform.
Many people belive this digital currency is similar to Bitcoin. However, Litecoin has a faster transaction confirmation time. Moreover, this cryptocurrency is getting popular nowadays as it’s the six largest cryptocurrency in the market. Litecoin has a market capitalization value of $10.1 billion (January, 2021).
Created by Gavin Wood, Polkadot is a unique cryptocurrency that connects permissionless and permissioned blockchains to work together. Wood was one of the core members of Ethereum. However, he parted ways to design Polkadot.
Polkadot allows developers to create their own blockchain. However, they need to create security measures as well. Polkadot is getting popular nowadays and has a capitalization value of USD 11.2 billion (2021, January).
Popularly known as the ‘blockchain of builders’, Casper is undoubtedly one of the most popularly digital currencies right now. Casper was designed by Mati Greenspan, a cryptocurrency analyst.
On the other hand, Casper is designed as an energy-efficient project. In fact, many people are calling it the greener alternative to Bitcoin. According to Casper’s team, this digital currency is 136,000% more energy efficient than other cryptocurrencies.
If you are looking for a privacy coin, you should check Zcash. This digital currency is quite different from others as it was designed for protecting people’s privacy. In fact, it was designed by some scientists at Johns Hopkins and MIT.
When most cryptocurrencies are public, Zcash provides shielded transactions. This is the reason Zcash is one of the most popular digital currencies right now.
- Bitcoin Cash
Bitcoin cash is one of the most popular digital currencies right now. This currency was created after an argument between bitcoin miners and developers. After starting from 2017, Bitcoin cash increased the block size from one MB to eight MB. Moreover, Bitcoin cash has a faster transaction. Bitcoin Cash has a market capitalization of around USD 8.9 billion (2021, January).
- Binance Coin
If you are interested in Bitcoin exchange and trading, you might hear the name of Binance Coin. This digital currency was designed by Changpeng Zhao, one of the most popular exchanges in the world.
As we mentioned above, Binance Coin is mostly used as a token payment of exchange. Thus, it’s getting very popular nowadays as the crypto world is growing fast. Binance Coin has a market capitalization of USD 6.8 billion with a market value of $44.26.
Just like Zcash, Monero is another secure cryptocurrency. This open-source digital currency was launched in 2014 and it is a completely donation-based platform. Because of its security system, Monero has been linked to many criminal transactions and illegal activities.
However, the developers are working on increasing this currency’s reputation. The market capitalization of Monero is around USD 2.8 billion (2021, January) and a market value of $158.37.
As we mentioned at the beginning, the crypto world is slowly getting popular. So, we will see a lot of things in the near future. We have shared the ten most popular cryptocurrencies other than bitcoin. If you are ready to use one of them, make sure you are doing enough research first. Hench, you can get help from an expert as well.