By now, there is a rather high chance that you have heard about the revolutionary cryptocurrency known as Bitcoin that is essentially taking over the world. Since its inception back in 2009, people have been all over it and have done rather wild things to get even a single fraction of a coin.
In other words, it is extremely popular amongst investors and beginner investors alike. However, what people definitely fail to realise is the fact that there are several other forms of cryptocurrencies that are just as good, if not better than Bitcoin that are being pushed aside.
Since Bitcoin made its way onto the scene, many other forms of cryptocurrencies have also entered the scene and while none have gotten to be as popular as Bitcoin is, many are actually coming quite close. Along with all the cryptocurrencies entering the game, there are also many apps and websites that are coming along for the ride such as the Bitcoin Prime app. Three of the most popular cryptocurrencies at the moment are Bitcoin, Ethereum, and Litecoin.
Let’s individually take a look at all of them and determine which one is the best and which one seems to be lacking. Perhaps they will all be good but for different people, but we will only know if we take a look! Let’s get into it.
Bitcoin
At this point, Bitcoin has a market cap of 600 billion US dollars and is said to continue rising. Bitcoin was the first-ever cryptocurrency to officially enter the world and while it has certainly had its fair share of downfalls, it still remains a very popular and high-ranking cryptocurrency. While at first, it saw a rush, it did soon after experience a small downfall. However, many years after, it actually became quite successful and that is when the cryptocurrency boom happened.
Bitcoin doesn’t actually have a centralized authority or bank that controls it, instead, it is its own decentralized form of cryptocurrency. It uses highly intelligent technology known as blockchain to record and verify all transactions and this is all heavily relied on.
Litecoin
Litecoin is certainly one to keep an eye on, simply because it is sometimes said to be better than Bitcoin altogether, or at least easier. Litecoin was designed as a fork off of Bitcoin and is often referred to as Bitcoins little brother or the silver version of Bitcoin. It was made so that people who couldn’t afford Bitcoin buy at least a small piece of cryptocurrency, and so far, it has worked perfectly for those people.
Ethereum
Ethereum is certainly another to keep an eye on because it is very much performing to everyone’s expectations and continues to do so. It is another user of blockchain technology and is as safe and secure as a cryptocurrency can really get, and it also allows the creation of smart contacts. Smart contacts are essentially little bits of code that are written into the actual blockchain with ensures that they are almost impossible to change.
People are becoming more and more obsessed with it over time and questions are also arising about how it may overtake Bitcoin in the future.
