Alternate Cryptocurrencies Guide For Users

Alternate Cryptocurrencies Guide

Bitcoins is the most famous of all cryptocurrencies. There are other alternatives to bitcoins too in the cryptocurrency/kripto para birimleri market. If you are a new investor, who wishes to do investment in any alternative kripto para birimleri other than bitcoins, then this is the right place to know about them. Here are some of the popular alternate cryptocurrencies.

alternate cryptocurrency

  1. Ethereum Classic(ETC)

It is second biggest cryptocurrency next to bitcoin. ETC is a huge opportunity for crypto-miners. It uses PoW model and peer-to-peer based trading.

  1. Feather coin

Feathercoin is an open source peer-to-peer technology operated alternate cryptocurrency. They work on NeoScrypt. They do not require any special hardware and just free software is enough to build the blocks and get new feathercoins as rewards for completing.

  1. Novacoin

It uses Proof of Work and Proof of Stake for generating blocks in computation. Novacoin has its own independent codebase and uses new version of bitcoins.

  1. Primecoin

Primecoin is a digital currency secured by cryptography. It works on the basis of Proof of work prime numbers. Primecoin is considered as innovative in comparison to bitcoin.

  1. Namecoin

Known for security, censorship, privacy and speed, it merges decentralized DNS and mining. It is an experimental open source technology.

  1. Peercoin

Peercoin has Proof of stake to secure the network. Proof of work mining distributes the Peercoin and gets sustainable rewards for completing each block.

  1. Litecoin

Litecoin is open source and peer-to-peer digital currency with no middle man. Transactions are instant and improved storage features. The Litecoin blockchain can handle higher transaction numbers than Bitcoins which is the distinguishing feature about it. Wallet protection is strong and virus attacks checks before transactions are ensured by the user with their private password. Miners get 25 new litecoins for completing one block.

  1. Steem

Just like voting for a social media post, you can reward the other investors. It works on blockchain technology in social media. After 24 hours of voting in the social media, rewards are distributed by the blockchain.

  1. Dash

Dash is an open source, digital currency with instant and private transaction just like money. It has low transaction fees, secure and works on peer-to-peer network. Money transaction is possible from anywhere in the globe.

  1. Safecoin

Safecoins are distributed by algorithms. It is recycled within SAFE networks and ensures there is always a supply to its investors. It works on the self-encryption basis.

With the above list in hand, it is a well known fact that bitcoin is the king of cryptocurren cy. However, it is worth exploring the Crypto-alternatives to try your luck!

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