Hello everyone,,,
Do you know everything from wherever you are? bitcoin is not only a trendsetter, but also a real standard for digital currency. As Bitcoin prices soar to new levels, there are six other digital currencies that are not as famous as Bitcoin, but are taken into account by investors. Here's a bunch of some digital currencies:
Litecoin, launched in 2011, is one of the first digital currencies after Bitcoin and is often called the 'silver version of Bitcoin' gold. Litecoin was created by Charlie Lee, an MIT graduate and former Google engineer.
Litecoin is based on a global open source payment network and is not controlled by any authority. Although in many ways Litecoin is the same as Bitcoin, it offers faster transaction confirmation. In addition to the developers, there are also a number of merchants who accept payments with Litecoin.
Ethereum was launched in 2015. Ethereum is a decentralized software platform that allows Smart Contracts and Distributed Applications to be built and run without downtime, fraud, control or interference from third parties.
Ethereum (ETH) has a market capitalization of USD 41.4 billion, second only to Bitcoin among all digital currencies.
Zcash, the currency that was launched in late 2016, looks promising. Zcash claims to offer security and privacy where all transactions are recorded and published in blockchain (transaction logging technology), but other details such as sender, recipient, and number are kept confidential.
Dash, originally known as Darkcoin, offers more anonymity because it works on a mastercode network that makes transactions almost untraceable. Launched in January 2014, Dash experienced an increasing number of users in a short span of time.
In March 2015, 'Darkcoin' was renamed Dash, which stands for Digital Cash.
Dogecoin emerges as one of the most popular cryptocurrencies in the world. History of the emergence of Dogecoin name stems from Icon and Doge name taken from a meme joke found on the internet about a dog Shiba Inu. Its popularity inspires the launch of Dogecoin in 2013 and is now coin is already being traded on various exchange in the world. The value of Dogecoin is much smaller than Bitcoin, but the process of transfer between wallets runs faster when compared with Bitcoin.
Monero was launched in April 2014 and immediately attracted great interest among the cryptocurrency lovers community. The development of Monero, based on donations and community agreements.
That's 6 types of digital currencies besides Bitcoin. Currently, Indonesia prohibits the use of Bitcoin as a currency. However, there is no further rule whether the digital currency is allowed for investment.
