1,000 Alternatives to Bitcoin
reports Altcoins to be preferred over Bitcoin and concludes that Bitcoin ” isn’t going anywhere anytime soon”:
- Bitcoin Cash doing away with Bitcoin’s Segregated Witness, which reduces the size of a transaction by removing the signature data, allowing for more transactions per block.
- Litecoin, with block generation time reduced from 10 to 2.5 minutes, and instead of using SHA-256, using scrypt, which is considered by some to be a more efficient hashing algorithm.
- Ethereum, which language is Turing-complete, meaning it can be programmed for just about anything.
- Monero, which has solved Bitcoin’s privacy issue.
- Dash, which has avoided Bitcoin’s logjam by splitting the network into two tiers.
- IOTA, which stands for the Internet of Things Application and just did away with blocks altogether.
- Ripple, which has undertaken to strengthen the banking system by facilitating bank transfers with over 100 major banking institutions signed up to implement it.
There Are Over 1,000 Alternatives to Bitcoin You Have Never Heard Of
There Are Over 1,000 Alternatives to Bitcoin Youâve Never Heard Of
Bitcoin gets all the attention, but many other cryptocurrencies exist, and more are being created at an accelerating rate. One list shows over 1,400 alternatives to Bitcoin, with a combined value climbing towards $1 trillion. If Bitcoin is so amazing, why do these alternatives exist? What makes them different?