5 Cryptocurrency Alternatives To Bitcoin

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5 Cryptocurrency Alternatives To Bitcoin

Post#1 » Wed Jan 18, 2017 3:50 am

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Move over, Bitcoin. The world of virtual currencies is getting crowded with altcoins.

These days, there are about 20 types of cryptocurrency that sell for more than $1, according to CoinMarketCap.com. Even more are in penny-stock range.

Here are 12 cryptocurrency alternatives to Bitcoin. Prices and market capitalization of altcoins are based on data from CoinMarketCap.com on Feb. 28, 2014, and not all are in the top 10 by either measure.

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Litecoin
Market cap: $353.3 million

Price: $13.53

Year created: 2011

Litecoin sets itself up as the "silver to Bitcoin's gold." Confirmations of transactions are purportedly processed more quickly with Litecoin than Bitcoin. The way it's mined also eliminates some of the advantage for miners with specialized computer hardware.

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Peercoin
Market cap: $71.3 million

Price: $3.37

Year created: 2012

Peercoin markets itself as using less energy and being more environmentally sustainable than some of the other coins on the market. It says it is designed to have a 1 percent rate of inflation.

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Primecoin
Market cap: $7.1 million

Price: $1.55

Year created: 2013

With this coin, miners have to use their computers to find Cunningham chains, which are sequences of prime numbers. Primecoin touts the mining of such prime numbers as "providing potential scientific value in addition to minting and security for the network."


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Namecoin
Market cap: $26.9 million

Price: $3.30

Year created: 2011

Namecoin was created to explore the record-keeping side of the cryptocurrency technology. It acts as a peer-to-peer, decentralized domain name system for dot-bit domains. People can purchase dot-bit domains with Namecoin, and then Namecoin tracks the transaction in the "block chain," or public ledger.

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Ripple
Market cap: $1.4 billion

Price: $0.014

Year created: 2013

Ripple has already attracted millions in venture capital, including from Google Ventures. In contrast to Bitcoin, there is no mining of Ripples. Ripple also is set up as a payment network, not only for Ripple, but for other currencies, and as an automated system for currency trades.

phunter
Posts: 55

Re: 5 Cryptocurrency Alternatives To Bitcoin

Post#2 » Fri Jan 27, 2017 5:18 pm

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Move over, Bitcoin. The world of virtual currencies is getting crowded with altcoins.

These days, there are about 20 types of cryptocurrency that sell for more than $1, according to CoinMarketCap.com. Even more are in penny-stock range.

james
Posts: 55

Re: 5 Cryptocurrency Alternatives To Bitcoin

Post#3 » Fri Jan 27, 2017 5:19 pm

Auroracoin was created after a purported Icelandic entrepreneur came up with the idea of distributing cryptocurrency to everyone in his country. Auroracoin is based on the Litecoin and is 50 percent pre-mined. The pre-mined coins will be distributed to the entire population of Iceland beginning at midnight March 25.

sberry
Posts: 55

Re: 5 Cryptocurrency Alternatives To Bitcoin

Post#4 » Fri Jan 27, 2017 5:19 pm

yeah. If everyone is rich in money or gold then money and gold will be useless you should produce your own food and water. Go to the farm and start planting your own foods because money and gold are everywhere and it has no value from now on.

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