Here Are Some Top-performing Cryptocurrencies Other Than Bitcoins

Bitcoin has been the top cryptocurrency in the world, with its value surging throughout 2017 and the start of 2018. While it’s great to see hilft Bitcoin dominating the market, it’s also important to diversify your investment portfolio and look into other high-performing cryptocurrencies as well.

Here are some of the most promising alternative cryptocurrencies to Bitcoin that you should consider investing in if you’re looking to expand your portfolio or make new profits from cryptocurrency trading. Read on to know further in detail about these top-performing cryptocurrencies.

Ripple (XRP)

Released in 2012, Ripple aims to provide a fast, global transaction network with low transaction fees. The big draw for Ripple is that it doesn’t use proof of work (in contrast to bitcoin) or proof of stake (as seen in NXT). 

Litecoin (LTC)

Litecoin, a decentralized cryptocurrency that runs on peer-to-peer network was released under MIT/X11 license which makes it free to use for all users and developers. Unlike many other cryptocurrencies, there are no technical differences between Litecoin and Bitcoin.

Cardano (ADA)

Cardano also comes with its own proof of stake consensus mechanism called Ouroboros, which should increase its resistance to centralization. Moreover, Cardano is being developed with the goals of being interoperable with multiple cryptocurrencies through side chains, allowing users to make DAPS (decentralized applications) easily. It is set to launch in October 2017.

Also Read: Bitcoin Exchange Meaning

Ethereum Classic (ETC)

Next comes Ethereum Classic into the list; some Ethereum developers had to create this cryptocurrency due to a mutual disagreement. Ethereum Classic continues on where Ethereum left off; the blockchain remains intact—meaning no rollback as occurred after The DAO hack—and there was no hard fork. What does all of that mean? It means that ETC is operating with something akin to a pure version of Ethereum, unfettered by interference from third parties and free from outside influence.

Stellar Lumens (XLM)

Stellar has lightning speed transactions which just takes only up to 2 to 5 seconds—compared with 10 minutes or more on Bitcoin—and fees are negligible. The network also has mechanisms built in to combat fraud and prevent abuse. These factors make Stellar a perfect tool for financial institutions that want to streamline their cross-border payments operations and gain better control over international transactions. 

Stellar’s cryptocurrency is called Lumens (XLM). It currently sits in 12th place among all cryptocurrencies by market cap ($4 billion) but could rise dramatically if more institutions begin using it for its intended purpose of simplifying cross-border payments.

NEO (NEO)

NEO, formerly known as AntShareswas launched in 2014. It is currently sitting at a $1.9 billion market cap, making it one of China’s most valuable cryptocurrencies. NEO is a smart contracts platform, similar to Ethereum, that has proved attractive to banks and other financial institutions hoping to capitalize on blockchain tech. The fact that it can handle 1000 transactions per second makes it particularly attractive for businesses looking to employ blockchains for practical applications like supply chain management and auditing.

TRON (TRX)

Tron is a blockchain-based protocol that allows content creators to store their data in a decentralized application, earn tokens from users for providing said data and upload that data easily to other media outlets. Tron currently holds a market capital of $2 billion, making it a leader in 15th position in terms of market capital. It has seen significant price increases over the past two months and trades for about $0.04 per token at time of writing.

Monero (XMR)

Launched in 2014, Monero is a privacy coin that touts anonymity and untraceability as its two biggest assets. The platform makes use of ring signatures and stealth addresses to obscure transactions by mixing inputs and outputs. Transactions on its blockchain are confirmed by distributed consensus of nodes, called miners, who make a block after solving a cryptographic puzzle.

Conclusion

The popularity of cryptocurrencies isn’t going anywhere. Because of their widespread use and acceptance, they continue to become more valuable by the day at Bitcoin Era. If you missed out on Bitcoin early on, you still have time to invest in these up-and-coming cryptos (which can also turn a decent profit). And who knows? One or two of them may become more valuable than Bitcoin in just a few years. At least, that’s what we all hope.