Exploring the Options for the Perfect Cryptocurrency Options Now

Most cryptocurrency investors have followed an identical path. They first heard about Bitcoin, and decided to buy their first stashes.They then quickly found that there were hundreds of “altcoins” (other crypto-currencies “alternative” to Bitcoin): Ether, Ripple, Litcoin, and Cash in the market of Alternative Cryptocurrencies.

These altcoins also apparent them on blockchain technology – but seek other goals and come with other features, other validation protocols. But what are these altcoins really? What do these different alternative crypto-currencies bring to Bitcoin? How to get information on these – and how to buy them?

What are altcoins and what are they for?

Ethereum Room

The term “Altcoin” is an abbreviation for “alternative bitcoin”. Therefore concerned all crypto-currencies with the exception of Bitcoin.

These are alternatives to Bitcoin insofar as they are also digital assets, which rely on blockchain technology.

There are now several hundred altcoins (there were 1469 in the writing of this guide).

You can imagine: a majority of them have no interest. Macron Coin, LePenCoin, FAILCoin, FraudCoin .. Hundreds of digital currencies will strictly provide any new functionality, and have been designed with the goal of attracting enough investors to allow their developers to generate income.

Some crumble elsewhere overnight. This was the case, a few weeks ago, the asset, whose leader flew in nature with the funds raised during an ICO (raising funds in cryptocurrency), causing a sharp fall in the price of assets.

Evolution of the price of confide

As everyone can decide to start their own cryptocurrency, new assets are being created every week – and a majority of them will end up being forgotten.

At the same time, some altcoins offer extremely interesting innovations that allow besides their network to be valued at several billion dollars.

Some seek to replace Bitcoin by proposing an “improved” version of this protocol that was imagined in 2008. The Litcoin Charlie Lee is probably the best example: it is a modified version of Bitcoin (with a hashing algorithm and a “block time” different), which aims to offer fresh and reduced transaction times.

Others do not intend to limit themselves to a payment system. This is the case of networks like Ethereum or NEO, offering real ecosystems to raise funds, to deploy distributed applications, to develop “smart” contracts.

Ethereum symbol

One can also quote the anonymous crypto-currencies. Some of them, like Montero, are based on a non-transparent blockchain and thus allow you to perform confidential transactions – privacy not offered Bitcoin, which is a network pseudonym.

Finally, others like Nano can make payments almost instantaneously, without any transaction fees.

Altcoins vs. Bitcoin: the match

Bitcoin and AltcoinsFor “Bitcoin maximalists”, there is only one currency that is worthy of interest: Bitcoin.

They believe that this is the first fully decentralized currency, and indicate that it is the only one to be able to rely on a considerable transaction volume and hashing rate. They also evoke network effects to explain why they swear by Bitcoin.

However, even if it is extremely enthusiastic about Bitcoin and thinks that it should remain the most valued asset of the ecosystem for at least several years, we can consider that altcoins also have a role to play.