Bitcoin is great. However, relying on a single cryptocurrency in trading is not something you should do. Instead, you should try out some other cryptocurrencies as well. However each day there are so many companies that launch fake coins. Hence trusting them would land you to a huge loss. That is why just to help you out we have handpicked a couple of Bitcoin alternatives.
Top 10 Best Bitcoin Alternatives Worth Investing In 2020:
So let’s just head into the topic without wasting much of the time:
Litecoin or LTC was launched in the year of 2011. It was one of the initial cryptocurrencies that launched after the bitcoin. Also, it is known as the Silver of Bitcoin and considered as the second best crypto coin after BTC.
The crypto coin was created by Charlie Lee who is an MIT graduate and former Google engineer. Litecoin is basically open source global payment network which is not control by any central authority and uses the “scrypt” as a proof of work.
Moreover, Litecoin is pretty much like the Bitcoin in many ways, and the price of it raised quite a lot at the end of 2017.
Ethereum is a decentralized software platform which enables the Smart Contracts and Distributed Applications (ĐApps). It was launched in 2015, and it is one of the best bitcoin alternatives available out there.
The developers launched ETH first in 2014 as a pre-sale for ether, and it received a great response. ETH is also an open source project, public, blockchain-based distributed computing platform and operating system that offers smart contract functionality.
It supports a modified version of Bitcoin. Also during the end of the last year, the coin is kept growing and offered some great ROI. So if you are planning to invest in a crypto coin apart from BTC, then ETH is your call.
Ripple is one crypto coins that recently came into the light as a Bitcoin alternative. Ripple is especially focused on making cross-border payments in real time with an end to end encryption.
The coin was launched in the year of 2012, and it has a market capitalization of $1.26 billion. Also, it is expected that Ripple’s market capitalization will grow more in the near future. Since banks from different locations are going to implement Ripple to make cross-border transactions.
The coin has seen huge growth during the first couple of month of 2020, and it is expected that it will grow rapidly. So make sure you are doing research on this crypto coin as well.
Moenro is one of such coins that was in the trend of 2020. There were many traders who have invested on this crypto coin and got the best ROI.
Furthermore, Monero is a secure, private and untraceable currency. This is an open source cryptocurrency that was launched in April 2014, and soon crypto enthusiast started taking an interest in this coin.
Also, the development of this crypto coin is based on the donation based, and it focuses on decentralization and scalability.
Zcash is another best bitcoin alternatives where you can invest. This crypto coin is also a decentralized and open-source project that was launched in 2016. Zcash defines itself by saying “If Bitcoin is like http for money, Zcash is https,”
Furthermore, the coin provides privacy and selective transparency of transactions also it offers extra security. As a result, the sender and recipients details stay private along with the transaction amount.
Moreover, Zcash also offers its users the choice of ‘shielded’ transactions. This allows the users to choose the information to be encrypted by advanced cryptographic technique or a zero-knowledge proof construction called a zk-SNARK developed by Zcash.
DASH stands for Darkcoin it is a secretive version of the Bitcoin also one of the best Bitcoins alternatives out there. It offers more anonymity thanks to it’s decentralized master code network which makes the transactions untraceable.
The crypto coin was launched in January 2014, and it received a huge fan following within a short period of time. Also over the last few years, the coin has seen huge growth, and it is expected that it will give the best ROI in the near future.
Stellar is one of the bitcoin alternatives that has gained huge popularity in late 2017. It is one of the genuine crypto coins out there.
The best part of this coin is that it is extremely fast. As a result, it can validate a transaction in a matter of seconds. However, some people may not find this speed really impressive. But if you compare this with the bank transfer, it is really fast.
Also as of now, the coin is being used in IBM blockchain project and at a dozen major banks in the South Pacific.
If you know about Binace then we are sure you do know about Binace Coin. If you do not then let us mention that Binace is one of the largest crypto trading and the biggest crypto trading platform in China and around the world.
And they do have their own crypto which is the Binace coin. This one is also considered as one of the best bitcoin alternatives.
It is a newly launched coin that made a huge hit in 2018. Almost all the Binance users have purchased Binance coin and trading using it. Also, it has a great potential of growth in the near future. So you better do your research on the coin.
So those were a couple of best bitcoin alternatives available out there. However, before you go and put your money on any of these coins. Do make sure you have done proper research on the coin. Since there is no stability in crypto trading, so the research matters a lot.
Anyway, that was all for the article. If you have any more questions to ask. Then feel free to leave a comment below, and we will surely help you out.