Bitcoin was one of the oldest cryptocurrency forms but then, it wasn’t the only one. Very soon, we saw a good number of alternatives. Many of those failed to stay strong and thus, newer ones kept coming. What was once about 98% of the cryptocurrency market share for Bitcoin, now has gone down to around 65% and that is all thanks to the number of Altcoins, i.e. alternatives to bitcoin.
We won’t suggest you start with something else if you have made up your mind and are wanting to try out Bitcoin first. But then, each of us does look at some alternatives to see how things are working with different levels of investments. Here are some of the best cryptocurrency options (digital currency options) for you to consider apart from bitcoin.
Litecoin – Created in 2011, the digital currency unit called itself as the silver to Bitcoin’s gold. It was made to equalize the way people benefit even though the computer hardware isn’t the best of all.
Namecoin – Even this was made in 2012. Namecoin was something like the peer-to-peer, decentralized domain name system for dot-bit domains.
Peercoin – This type of cryptocurrency was introduced in 2012 and it was claimed to be using less energy while mining and the rate of inflation was said to be about one percent.
Primecoin – The primecoin was introduced in 2013 and with it, the users had to find Cunningham chains, which are sequences of prime numbers.
Quarkcoin – Introduced in 2013, the Quark coin used about nine rounds of encryption and that ensured not just security but also anonymity whenever a transaction was done. It was also possible to mine this coin with regular computer processing powers.
Stablecoin – The Stablecoin was made in 2013 and the prime feature of it was the built-in coin mixing service. That was to ensure encrypted and untraceable transactions.
Novacoin – Brought into the scene in 2013, the coin is similar in structuring when compared to Peercoin and thus, the POW/POS system is used even in this.
Feathercoin – Taking its idea from the Litecoin, the Feathercoin was brought into the market in 2013 and it has features like Advanced Checkpointing, and it also has a better adjustment of the mining difficulty when compared to Litecoin.
Digitalcoin – Another derivate of the Litecoin, the Digitalcoin was made official in 2013. It was put out with the stability in the major focus and it was one of the well-accepted altcoins because a lot of vendors started accepting it.
Auroracoin – Created in 2014, the Auroracoin is based on Litecoin and it was majorly introduced in Iceland. It was 50% pre-mined.
Dogecoin – Though it might seem funny, Dogecoin was rather something that grew at a good pace because it combined Bitcoin with Doge meme and even with the low price of $.0011, it was able to get a market cap of $59.3 million.
There are over 700 Altcoins available and digital currency is not a small word now, but here are some of the notable ones if you are looking for more than what is listed above.
- Swiftcoin
- Gridcoin
- Emercoin
- Ripple
- Vertcoin
- Blackcoin
- Burstcoin
- Mazacoin
- Etherium
- Potcoin
- Titcoin
- Sexcoin
- Digitalnote
