Bitcoin is the world’s first digital asset, and there are many people believe that it has forever changed finance as a result. Of course, there are plenty of cryptocurrencies besides Bitcoin that have garnered attention, and with good reason. There are many different cryptocurrency projects with various use cases and utilities, and some of these “altcoins” have grown tremendously in terms of market capitalization.
Litecoin (LTC), launched in 2011, is often considered “silver” to Bitcoin’s “gold”. It offers a faster transaction confirmation, and many believe that it has a tremendous amount of potential.
Ethereum (ETH) is a decentralized software platform launched in 2015. One of the reasons that many people believe that Ethereum has a tremendous amount of potential is because it can support decentralized apps (dApps).
Zcash (ZEC) was launched in 2016 and offers users the option of “shielded” transactions. One of the reasons that Zcash has potential is because it offers more privacy and security than fiat currency and other cryptocurrencies.
DASH (DASH) was originally known as darkcoin, and it is considered a more “secretive” version of Bitcoin. DASH can be mined, and it operates on a decentralized master code network that makes transactions “almost” untraceable. DASH was launched in 2014.
Ripple (XRP) was launched in 2012, and one of the reasons why it is a top cryptocurrency project is because it has already formed partnerships with powerful and influential financial institutions. Ripple is a real-time global settlement network that doesn’t require mining, and many believe that it will revolutionize the remittance sector.
Monero (XMR) is an open-source cryptocurrency launched in 2014 and it enables complete privacy. The cryptocurrency is not only untraceable, but the development of the project is largely community-driven.
Bitcoin Cash (BCH) is actually a successful hard fork of Bitcoin, which means that there was a disagreement between developers and miners. One of the advantages of Bitcoin Cash is that it offers for faster transaction times.
NEO (NEO) is often considered a Chinese version of Ethereum, and is one of the most well-known cryptocurrencies to emerge from the country. One of the reasons that people believe that NEO has potential is because of its Chinese government connections.
Cardano (ADA) was launched in 2017 by Charles Hoskinson, one of the co-founders of Ethereum. Cardano aims to tackle the international payments sector, and offers a platform for smart contracts and dApps.
EOS (EOS) was created by Dan Larimer, a pioneer in the cryptocurrency world. EOS had one of the most profitable initial coin offerings (ICOs) in history, raking in $4 billion. EOS also has certain features that ensure that it is more democratic and decentralized than other cryptocurrencies out there.