Bitcoin
Bitcoin was the first virtual currency and through which many more have emerged that have ended up forming the cryptocurrency market. It is undoubtedly the best known currency and many people in the world use it to carry out their economic operations. In addition, there are already many companies that allow the payment of their products with this digital currency.
This currency is preserved a total limit of 21 million Bitcoin, which can never be exceeded, as it was established by the market of this cryptocurrency. It should be remembered that the market for this currency is that he is always in control, so it can not be avoided.
The encryption algorithm makes this cryptocurrency very difficult to falsify or reproduce. In addition, Bitcoin mining requires powerful computers that allow you to introduce new Bitcoins in the market and have high costs in electricity to get them.
Ethereum
Ethereum is considered as the great alternative to Bitcoin in the market of virtual currencies and many experts already consider that it can surpass it in value. Specifically, the coin is called Ether, and Ethereum is the network or system that controls this cryptocurrency.
Ethereum has one of the highest transaction speeds that exist, since the block generation time is only 15 seconds. In addition, the encryption technique gives the possibility of extracting these coins with the GPU of normal computers, a very complicated thing to get with the Bitcoins. Also worth noting, that the rewards of mining Ether is the same every year and is not reduced as with Bitcoin.
The Ethereum network introduces a new concept in the world of virtual money, smart contracts. This allows two users or companies to sign contracts from anywhere in the world, without commissions or control by any country, even if they do not allow cryptocurrencies, since they are only controlled by computer systems. In this way, two parties agree on a contract by which someone offers their products in exchange for X Ether and at the time the contract receives the money, the contract will give the product and the money to the corresponding parties.
Litecoin
In third place we find Litecoin. This cryptocurrency is located in the third position in the ranking because, nowadays, it is considered the best alternative to Bitcoin. This cryptocurrency uses the same algorithm as the previous one and also the process to use it is practically the same. The most significant difference between Litecoin and Bitcoin is that the former has a much lower value, which usually ranges between 2 and 3 dollars.
One of the great advantages offered by Litecoin is that it gives us the opportunity to make payments immediately at a very low cost, almost close to zero. This cryptocurrency is in operation in the market since October 2011. He is considered as the little brother of Bitcoin, or as some experts compare "if Bitcoin were gold, Litecoin would be silver". This is because it works just like Bitcoin, but it has a much higher currency limit, located in the 84 million Litecoins.
