7 months ago by cryptoasia
The competition is fierce. Over 800 cryptocurrencies boast a market capitalization of more than one million dollars. Only time will tell which one of them will earn the greatest worldwide adoption. As it stands today, Bitcoin is king of the hill.
To help guide you with the alternatives, CryptoAsia has prepared a brief analysis of the top altcoins on the market today (October 2018). We've already devoted articles to Bitcoin, Ethereum and Bitcoin Cash. Now, we present 10 more of the biggest digital currencies, ordered by market cap.
Today, XRP is the third largest cryptocurrency in the market and they are working closely with many large banks. However, Ripple Labs has been criticized because they control more than 60 percent of all XRP.
According to their website, the EOS project has implemented the best features of Bitcoin and Ethereum. At the same time, they claim to have solved the problems of speed, scalability, and flexibility that plague many major cryptocurrencies.
Stellar was originally based on Ripple's XRP protocol and there are many similarities. In a way, Stellar is a more open source and decentralized version of Ripple.
Bitcoin is often viewed as "digital gold" and a store of value for the long-term. Litecoin was created to be "digital silver," a payment method with cheaper and faster transactions for regular use.
21 million Bitcoin will ever exist. The time the network takes to update blocks (confirm transactions) is around 10 minutes. Compare this to Litecoin, where 84 million coins will exist with an average time of 2.5 minutes to update blocks.
Today there are more than 2,8 billion USDT in circulation. The cryptocurrency is one of the most frequently traded on most crypto exchanges.
The cryptocurrency improves transaction scalability by employing a layered architecture. Many people claim that this innovation makes Cardano a better platform then Ethereum for smart contracts.
The name Monero comes from the international language Esperanto and means coin. The cryptocurrency gained a lot of traction in 2016 after being used on the darknet market AlphaBay.
The Dash altcoin offers you fast transactions with the option of making them 100 percent untraceable. Dash accomplishes this by using Masternodes, mixing, and innovative encryption algorithms.
Customers are often rewarded with BNB for using the Binance trading platform. Additionally, BNB trading pairs have discounted fees. Plus, Binance has declared that they will buy back the cryptocurrency with profits from their exchange.
NEO uses a cryptocurrency called Gas to pay for transaction fees. Gas is earned simply by holding NEO in a blockchain wallet. Small sums of Gas automatically get credited to your wallet regularly. Here you can calculate how much gas you will make by holding your NEO.
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