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What are some emerging alternatives to bitcoin?

What are some emerging alternatives to bitcoin?

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Asked by H.Donna, Last updated: Jul 05, 2020

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P. Halah

P. Halah

Answered Oct 15, 2019

Bitcoin is not just the best as far as a digital currency is concerned; it is also a great payment system. There are other cryptocurrencies that are still functioning just because they are using the same standard as bitcoin. Before I list other top alternatives to bitcoin, it is important to note that cryptocurrencies are just digital currencies in the form of coins. All cryptocurrencies offer you the opportunity to store and invest your money in a way that you have total control over your money.

Cryptocurrencies are not controlled by banks or agencies. This means your money is safe, and you don't have to be disturbed by different charges and penalties from banks. So, other alternatives to bitcoin are; Ethereum, Litecoin, Dash, Zcash, Bitcoin Cash, Ripple, Cardano, NEO, EOS, etc. You can also store and invest your money in any of these because they are equally dependable just like bitcoin, and they can be easily mined compared to bitcoin.

 

h. George

Government employee and a part-time content writer.

H. George, Copywriter, MA in English, California

Answered Feb 26, 2018

Some merchants are starting to accept Litecoin as a crytptocurrency. Litecoin is the most well known cryptocurrency after Bitcoin. The third largest is Dogecoin. A newer cryptocurrency is Ethereum, which is known for its smart contracts. Zcash is another new cryptocurrency, launched in 2016. Dash, or Darkcoin, allows for more anonymous transactions. Other options include Ripple, Monero, Peercoin, Starcoin, NXT, and Casinocoin.

New cryptocurrencies are being launched every day now that Bitcoin is gaining in popularity and acceptance. If you are looking to invest, it would be wise to watch the value of the cryptocurrency over time and invest in the most stable one you can find.

 

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