When it comes to cryptocurrency, the Bitcoin has become the leader. But besides bitcoins, there also exists a number of other types of digital money. Do you know any other important cryptocurrencies other than bitcoin?
Bitcoin has not only been the leader in ushering in a wave of cryptocurrencies built on decentralized peer-to-peer networks, it has also become the standard for all cryptocurrencies.
It has inspired an ever-growing group of followers and creators who understand the power of newer, safer, harder, fairer and faster money.
There are currently over 3000 cryptocurrencies that have a purpose-built function to address the security, storage and distribution challenges of data well beyond just the financial aspects of Blockchain technology.
What are AltCoins?
Before we take a closer look at some of these alternatives to Bitcoin, let’s step back and briefly examine what we mean by the terms cryptocurrencies and altcoins.
Firstly, a cryptocurrency is broadly defined as virtual or digital money that takes the form of tokens or “coins.”
There is only one Bitcoin cryptocurrency and every other coin alternative to Bitcoin is referred to as an Altcoin.
The field of cryptocurrencies is consistently growing, and the next big digital token may be released tomorrow.
While Bitcoin is a pioneer in the era of cryptocurrencies, experts adopt many ways of evaluating tokens or coins.
Analysts, commentators and investors alike assign a great deal of importance to the ranking of coins relative to one another in terms of their fiscal value within the crypto market. Here’s some of the list of some popular altcoins bought to you by the team.
Binance Coin (BNB)
Shiba Inu (SHIB)