Top 7 Most Rated Crypto currencies After Bitcoin- infoexposure
Bitcoin for trading is a decentralized digital currency built on peer-to-peer network of super computers. It’s an acceptable currency for payment and a means of securing online transaction. Bitcoin was invented by a Japanese software developer name “Satohi Nkomoto”. Who made an open remark in 2008 introducing Bitcoin as new form of digital currency designed to be used without the need of any central bank.
Today Bitcoin trade on almost all trading platform around the world and remains one of the most famous crypto currency ever created with the highest exchange value. 1 BTC currently exchanged at $13000 (as of the time of writing this piece) with a mining difficulty of over 3 trillion.
As a trendsetter, Bitcoin open the door to the rise of more than a hundred new crypto currencies you could also refer to as “Altcoin”. These Altcoin inspired by Bitcoin are easier to mine with lesser difficulty high exchange value and appreciable acceptance rate; you should see my top 7 most rated crypto currencies after Bitcoin selectively picked from among the others in no specific order of hierarchy.
1. Ethereum (ETH)
Ethereum is apparently the second most famous crypto currency after Bitcoin. According to its architecture, Ethereum is built on an open-source platform base on Blockchain technology similar to Bitcoin. Ethereum is a decentralized program that execute smart contracts, allowing applications to be built and run without any downtimes, fraud or third-party interference ie it eliminate any kind of middleman in its transactions. Currently ethereum has a market capitalization of $93.2 billion to remain as the second most rated crypto currency in the world. Ethereum can be mined with both CPU and GPU of any computer.
Launched in January 2014, Dash stand as a more secure cryptonote for online transactions with a high level of anonymity for its user. Just like Bitcoin, Dash is an open-source peer-to-peer crypto currency built on blockchain. Dash was formerly referred to as Darkcoin developed by Evan Duffield. It operates on decentralized mastercode network that make its transactions completely anonymous with a market capitalization of $5.7 billion. It’s currently been mine with ASIC (Application specific integrated circuits), CPU and GPU.
3. Zcash (ZEC)
Zcash is young but fast evolving cryptonote after Bitcoin. It was introduce in October 2016 to serve as a more secure alternative to Bitcoin and its users, using a cryptographic technique called ZKSnarks. It’s also an open-source crypto currency with a market capitalization of $1.5 billion by total supply.
4. Litecoin (LTC)
Litecoin is another open-source peer-to-peer crypto currency with a near zero cost of online payment, fully decentralized and a fast transaction confirmation time. Litecoin was introduced early in 2011 by Charlie Lee a former Google engineer. Litecoin has fast block generation rate making it highly profitable for crypto enthusiast. Litecoin market capitalization seats at $12.42 billion presume to appreciate in the nearest future.
5. Ripple (XRP)
Launched in 2012, Ripple is a remittance network, currency exchange and a real time global settlement system, it was built on a distributed open source internet protocol base on the principle of blockchain. Ripple enables secure, instant and free online transactions of any size across the globe for entrepreneurs and banks. Ripple’s payment settlement in 4 seconds that extremely fast you would say. The market capitalization of Ripple seat gallantly at $106.9 billion
6. Monero (XMR)
Monero, a decentralized and open-source crypto currency that use a special technology called ring signature that enables shuffling of its user’s public key to keep every transaction safe, secure and untraceable. Thee monero cryptonote came into existence in April 2014 and its currently topping the chart with a market capitalization of $5.5 billion, since 2014 monero has consistently gain popularity and wide usage from the community of cryptocoin enthusiast. Monero can be minned with both CPU and GPU, check here to see the best GPUs and CPUs to mine monero.
7. Bitcoin Gold
Developed for Bitcoin enthusiast, Bitcoin gold is an hard forked free open-source software built on decentralization that gives ordinary users fair opportunity to mine using ubiquitous GPUs unlike Bitcoin itself that require special machines to mine. Bitcoin Gold uses a replay protection system and unique wallet address to protect users and their coins. Current market capitalization of Bitcoin Gold by total supply of this currency is at $2.2 billion as of the time of writing this post. check here for current exchange rate…
For the past 9 years the introduction of crypto currency has totally transformed our financial market with Bitcoin leading this pack based on popularity, market capitalization and usage. Altcoin like Ethereum, Litecoin and Ripple are also gradually climbing up the popularity ladder, though with a future yet unpredictable we believe crypto currency could be a boost to economic stability of nations if well managed.