Scope of Crypto Market

The best-known cryptocurrency is Bitcoin and then a group of alternative cryptocurrencies, better known as “Altcoins.” Altcoins are

all coins that are an alternative to Bitcoin. In short, there are two types of Altcoins:

Altcoins that are built using Bitcoin’s original open-source

protocol, an example of such an Altcoin is Litecoin.

Altcoins that are not based on Bitcoin’s open-source

protocol, but that have their own protocol and distributed

ledger, such as Ethereum and Ripple.

  • Bitcoin (BTC)

    Bitcoin (BTC) is usually described as a virtual, decentralized and (at first glance) anonymous currency that is not government-backed or backed by any other legal entity, and that can not be exchanged into gold or any other commodity.

  • Ripple

    Ripple is an open-source, P2P decentralized digital payment platform, launched in 2012 by the private company Ripple (Labs), Inc. Following Ripple’s establishment, Ripple’s inventors launched the cryptocurrency XRP. XRP was built to become a bridge currency to allow financial institutions to settle cross-border payments a lot faster and cheaper than they can use the global payment networks that are in place today.

  • Stellar

    Stellar is an open-source, distributed payments infrastructure. Stellar was created in 2014 by one of Ripple’s founding fathers. Its goal is to connect people to low-cost financial services to fight poverty and develop individual potential.

  • IOTA

    IOTA, launched in 2016, is an open-source eco-system where people and machines can transfer value (i.e. money) or and data without any transaction fees in a trustless, permissionless, and decentralized environment.

  • Ethereum

    Ethereum, launched in July 2015, is a decentralized platform that runs so-called “smart contracts”, meaning the blockchain is never down, it is always running. Ethereum has a capability that goes far beyond that of a pure P2P digital cash equivalent like Bitcoin.

    In simple terms, it is much like a smartphone operating system on top of which software applications can be built.

  • Litecoin (LTC)

    Litecoin (LTC) is an open-source, decentralized P2P cryptocurrency. It was launched in October 2011.

    Litecoin is often described as the ‘silver’ to Bitcoin’s gold. It is different from Bitcoin in two ways:

    1. Litecoin offers a much faster transaction speed than Bitcoin.

    2. The total supply limit of Litecoin is with 84 million coins, much higher than the 21 million supply limit of Bitcoin.

  • Cardano

    Cardano is designed and being further developed as a platform on top of which smart contracts and decentralized applications (so-called “Dapps”) can be run. The Cardano project began in 2015 and was officially released to the public in September 2017.

  • Bitcoin Cash (BCH)

    Bitcoin Cash (BCH) is decentralized P2P digital cash. Bitcoin Cash is what is known in the crypto-community as a “hard fork” of the Bitcoin Blockchain. The direct result of the "hard fork", is that anyone who held Bitcoin at the time Bitcoin Cash was created, August 2017, also became the owner of the same amount of Bitcoin Cash.

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