Cryptocurrency is complicated cryptography which enables a digital token to be generated, stored and transacted anonymously. These cryptocurrencies are generally developed by means of mining. One of the most common types of coins used in cryptocurrency is Bitcoin, but in this article, we are going to be looking at some other important types of cryptocurrencies which is not Bitcoin.
EOS is one of the newest digital currencies which was created by Dan Larimer. He was the person who founded digital currency exchange ‘Bitshares' as well as ‘steemit.’ EOS is designed after ethereum as it allows developers to build decentralized applications.
Cardano was launched in September of 2017; it offers the benefits ethereum offers. It also gives a platform for smart contractors to help use ethereum much better. It aims at solving some of the most prominent problems in the crypto world, which are interoperability and scalability.
NEO was originally called AntShares by the creator Da Hongfei. It is the largest cryptocurrency in the world which originated from China and due to its smart contracts, it is also called ‘Chinese ethereum.’ Due to its relationship with the Chinese government, NEO has experience benefits which were once considered to be harsh.
Bitcoin Cash is one of the most successful coins in history. In the crypto world, due to the results of debates and arguments between the developers and miners, this digital currency split and as the result of this split bitcoin cash can into existence.
A secure, private and untraceable currency is monero and with its launch in 2014, it spiked the interest of the cryptography community. This cryptocurrency is donation based and was launched with a strong focus on decentralization and scalability. Also, it provides complete privacy with its special signatures called ring signatures.
Ripple is a real-time global settlement network which offers low-cost international payments. With its launch, it enabled the banks to settle cross border payment also in real life, with transparency and also at low cost. Ripple does not require mining; it operated by reducing the usage of computing power while minimizing network latency
Also known as Darkcoin, offers anonymity as it offers on a decentralized master code which makes the transactions untraceable. This cryptocurrency was developed by Evan Duffield and can be easily mined with CPU or GPU.
A decentralized and open source cryptocurrency which was launched in 2016 offers privacy and selective transparency. Zcash provides protection by recording the transaction and then publishing it in blockchain while keeping the sender and receiver details private.
A decentralized software platform which allows distributed applications to be built and run without downtime. Ethereum runs on platform-specific cryptography
token called ether.
Litecoin was launched in 2011 with bitcoin and has been referred to as ‘the silver to bitcoins gold.’ The creator of the litecoin Charlie Lee made it an open source payment network where they use scrypt as the proof work which can be decoded with the help of CPU.