Investing in the cryptocurrency market space is often complex, especially for traditional investors. This is because investing directly in Cryptocurrencies requires the use of new technologies, tools and the adoption of some new concepts.

If you decide to dive into the world of cryptocurrencies, you will need to have a clear idea of ​​what to do and what to expect.

Whether it’s Bitcoin, Litecoin, Ethereum, or any of the 1,300 tokens, buying and selling cryptocurrencies requires you to choose an exchange that trades the commodities you want.

Being the most famous decentralized cryptocurrency, Bitcoin leads the crypto space so dominantly that the terms crypto and bitcoin are sometimes used interchangeably. However, the fact is that there are also other cryptocurrencies that can be relied upon for cryptocurrency investments.

litecoin

Litecoin, also known as “the silver of Bitcoin gold”, is an open source decentralized payment network that works without the involvement of an intermediary.

How is Litecoin different from Bitcoin? Well, they are both similar in many ways, however Litecoin block generation is much faster than Bitcoin. This is making investors around the world open to accepting Litecoin.

Charlie Lee, a former Google engineer, founded Litecoin in 2011. Although Litecoin does not have Bitcoin’s anonymity technology, recent reports have shown that Litecoin is preferred over Bitcoin due to its persistence. Another factor that favors Litecoin is the Bitcoin SegWit technology which means secure peer-to-peer currency trading without involving participation in the exchange.

Ethereal

Launched in the year 2015, Ethereum is a decentralized software platform that allows distributed applications and smart contracts to function without third-party interference. The currency is ether which is like an accelerator within the ethereum platform. In the leading cryptocurrency space, Ethereum. it is the second preferred option after Bitcoin.

zcash

Zcash gained attention in late 2016 and is focused on solving the problem of anonymous transactions. To understand the currency, let’s take it as “if bitcoin is like HTTP for money, Zcash is HTTPS”.

The coin offers the option of the protected transaction to maintain the transparency, privacy and security of the transactions. This means that investors can transfer data in the form of encrypted code.

Dash

Originally known as darkcoin, Dash is a more selective version of bitcoin. It was launched in January 2014 by Evan Duffield under the name Xcoin. It is also known as Decentralized Autonomous Organism or simply DAO. The coin was meant to eradicate all of Bitcoin’s prevailing limitations. Currently, Bitcoin has gained a substantial foothold in the cryptocurrency space.

The alternative to virtual currency that promises safe and anonymous transactions through peer-to-peer networks is cryptocurrency. The key to making a lot of money is making the right investment at the right time.. Compared to making money every day, cryptocurrency models work without the involvement of any middleman as a decentralized digital mechanism. In this distributed cryptocurrency mechanism, ongoing activity is issued, managed, and supported by the community’s network of peers. Cryptocurrency is known for its fast transactions in every other mode like digital wallets and other means.

In addition to the above, other top cryptocurrencies include Monero (XMR), Bitcoin Cash (BCH). EOS and Ripple (XRP).

Although bitcoin is the trendsetter and is leading the race, other coins have also achieved significant position and are growing in preference every day. Considering the trend, the other cryptocurrencies will have a long way to go and could soon give Bitcoin a really tough time to hold its ground.

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