This article will bring you to the list of Bitcoin alternatives: cryptocurrencies you should know. Insider Monkey has recently published an interesting article about it giving you some advice. Since the first cryptocurrency, Bitcoin was launched, they have gained more and more role in the electronic world. If Bitcoin is so popular and successful, why should there be alternatives? Professionals argue that it should be the only one, nevertheless it continues its growth, although there will only 21 million Bitcoins be mined. But, new altcoins are much more innovative and flexible.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked three of Bitcoin alternatives: cryptocurrencies you should know from their list.
The first one is Qtum. Singapore-based Qtum Foundation aimed to build Qtum as a combination of Bitcoin and Ethereum blockchains. Qtum represents a platform for smart contracts that can be used by businesses for automating supply chain management and transactions. The project was backed by many major companies that aside from financial support provided their networks to help accelerate the development of technology and infrastructure around Qtum. Qtum currently has a market cap of $1.08 billion. The next cryptocurrency on our list now should be NEO. NEO is one of the largest Bitcoin alternatives based on its market capitalization that amounts to $2.55 billion. NEO is the first decentralized, open-source blockchain platform and cryptocurrency in China. It is similar to Ethereum in a way that it allows to run smart contracts and the NEO smart contract platform allows using any mainstream programming language, as compared to Ethereum, which requires developers to learn Solidity, the language used to code for Ethereum Virtual Machine. At last, but not least we are mentioning Dash. Dash (portmanteau for Digital Cash) is the name of the cryptocurrency that was known as Darkcoin until 2015 and XCoin before then. It was originally released in 2014 and it aims to be more user-friendly than Bitcoin. In addition to traditional Bitcoin features, where miners are required to approve transactions, Dash also offers instant and private transactions, which are performed by “masternodes”. Dash has a total market capitalization of $4,84 billion and there are 7.71 million coins in circulation, which represent around 40% of the total supply.
For any further useful information, read Insider Monkey’s article about Bitcoin alternatives: 11 cryptocurrencies you should know.