Bitcoin's 5 greatest rivals
Bitcoin, the digital currency that has increased its value to 16 times since the beginning of the year, continues to record a record on record.
Bitcoin's unstoppable rise since the beginning of the year has been in everyone's lately.
Bitcoin is likened to balloons in technology stocks in the US in 2000, according to some, a currency that will go down in the near future. According to some, they can even find 40,000 dollars before the end of the year.
Bitcoin is not alone in transforming into such a favorite virtual currency.
Market value of over $ 5 billion, Bitcoin's five rivals:
Ethereum (ETH)
Developed with block-chain technology like Bitcoin, Ethereum was created by Vitalik Buterin in 2014 to further remove the digital currency from decentralization.
Etherum is an open decentralized software platform, used to pay for and transfer money transfer fees. Ethereum, which has a market value of $ 65 billion, is trading at around $ 682.
Ripple (XRP)
Ripple, formerly used by BitCoin developers in California in 2012, is the most likely successor to BitCoin, according to some experts quoted by the New York Times.
It is already being used by many banks as a payment and money transfer system.
Unlike Bitcoin, Ripple is a system where any currency can be transferred or traded. Ripple, which has a market value of $ 30 billion, is trading at around $ 0.8.
IOTA (MIOTA)
IOTA is the new player in the crowded digital currency field.
IOTA, which is not based on the block chain network, is based on an alternative distributor system called Tangle.
This new digital currency, cooperating with Microsoft, Fujitsu and others, defines itself as the first marketplace in the 'internet of objects' field.
IOTA, which has a market value of 10.5 billion dollars, is trading at 3.74 dollars.
Dash (DASH)
Before Dash gained this name, in January 2014, XCoin (XCO), then Darkcoin, and finally 'digital coin' inspired the name Dash.
Dash is separated from his opponents by placing importance on privacy and anonymizing money transfers.
Dash, which has a market value of 7 billion dollars, is trading at 894 dollars.
Litecoin (LTC)
Litecoin, the work of a Google employee, The bitcoin is described as silver compared to the golden color. That's why it's cheaper and more accessible.
It was established in 2011 with a system that performs faster than Bitcoin. Litecoin, which has a market value of $ 15 billion, is trading at $ 274.
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