The cryptocurrency market has grown so much over the past few years. As a result, the number of cryptocurrencies has increased significantly, and you now have many more options. You can invest in many different cryptocurrencies, but knowing which ones are worth your time and money is essential. This post will introduce you to some of our favorite altcoins worth considering if you want to diversify your portfolio beyond BTC and ETH. Click this image below to start bitcoin trading.
Litecoin (LTH)
Litecoin is a peer-to-peer cryptocurrency. It has a maximum supply of 84 million coins. This makes it second in value only to Bitcoin on the list of cryptocurrencies by market capitalization, the total value of all the coins in circulation.
Litecoin’s design is based on Bitcoin but with several changes. For example, its target block time is 2.5 minutes instead of 10 minutes for Bitcoin. This means transactions are confirmed more quickly than those made with BTC because blocks are mined faster. You can also use LTC as a medium of exchange by sending or receiving payments online, just like BTC.
However, LTC works better as an investment vehicle due to its higher liquidity rate than BTC and other altcoins such as Ethereum Classic or Monero. Hence, it tends towards being more exotic assets used primarily as digital cash rather than stores-of-value like fiat currencies such as USD coinage or gold bars kept under lock & key somewhere safe.
Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is a cryptocurrency created by hard forking Bitcoin. It is used as a medium of exchange, like USD or gold. This means that it can be used to buy things and services from other people or to pay for goods and services in stores.
Cardano (ADA)
Cardano is a decentralized public blockchain and cryptocurrency project founded by Charles Hoskinson. It is based on the Haskell programming language, focusing on security and interoperability. Cardano is currently developing its own smart contract platform and plans to implement side chains in future versions of its protocol.
Cardano was founded in 2017 by Charles Hoskinson, one of Ethereum’s founders. He later left Ethereum to pursue other projects, such as IOHK (Input Output Hong Kong), where he currently serves as CEO.
NEO (NEO)
NEO is a non-profit community-based blockchain project that uses blockchain technology. And digital identity to digitize assets, automate digital-ass management using smart contracts, and realize a “smart economy” with a distributed network.
The vision of the NEO ecosystem is to make it easy for everyone to use digital assets, even if they aren’t programmers or developers. Furthermore, it aims at supporting large-scale commercial applications by providing an efficient decentralized platform for value exchange.
EOS (EOS)
EOS uses a different consensus mechanism than Ethereum: delegated proof of stake (DPoS) instead of proof-of-work (PoW). It aims to solve the issue of scalability by processing thousands of transactions per second, as opposed to Ethereum’s 15 transactions per second. EOS also supports tokens and user accounts like Ethereum.
Ethereum Classic (ETC)
The main difference between Ethereum and Ethereum Classic is that ETH has a smart contract platform, while ETC does not. It is the 6th largest cryptocurrency by market cap. It runs on an international network of public nodes that use Proof-of-Work consensus to verify transactions and create new blocks.
Monero (XMR)
Monero is a privacy coin that is not based on Bitcoin but rather Dash. Nicolas van Saberhagen created it as an open-source, decentralized cryptocurrency. Monero uses ring signatures to anonymize transactions, which makes it impossible for third parties to track the sender and receiver of a transaction.
Monero’s blockchain is also very secure. It uses a proof of work hashing algorithm called CryptoNight with no ASICs available yet theoretically making it immune from botnets.
Final Words
Here we have told you about important cryptocurrencies besides BTC and ETH. There are many other cryptocurrencies besides BTC and ETH. We just wanted to highlight some of the ones you may not have heard of yet which are worth considering if you’re looking to invest in crypto.