Since the inception of bitcoin in 2009, thousands more have sprung up with each of them having their distinctiveness. Bitcoin is often referred to as the king of cryptocurrency each of the other thousands of cryptocurrencies falls under the class of altcoins; be it Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Monero (XMR), EOS (EOS), TRON (TRX), etc.
All altcoins have their uniqueness in the sense of how they are mined, their nature (whether or centralized or decentralized), underlying technology, speed of transaction, coin distribution mechanism, etc. Although bitcoin is always used as the yardstick when analyzing an altcoin, some altcoins outshine bitcoin in certain specs. Several altcoins are developed on Bitcoin’s framework.
Altcoins are sub-divided into three categories namely; stablecoins, utility tokens, and security tokens. For example, stablecoins such as Tether (USDT), Binance Coin (BNB), Gemini USD (GUSD), USD Coin (USDC), etc. are known to be less volatile than Bitcoin because they are pegged to fiat currencies. However, some altcoins fall under more than one of these categories. You will find more information in altcoin news category.
Altcoins are getting thumbs up from different quarters for playing a significant role in the expansion of boundaries of blockchain adoption and applications. For example, Ethereum is known for its robust blockchain that enables faster transaction time as well as the creation of decentralized applications (dApps). At the time of launch, most altcoins sell themselves as better alternatives to existing ones and usually attempt to improve on the setbacks of known altcoins.
According to CoinMarketCap, there are over five thousand digital currencies in April 2020 although BTC has a staggering 64% dominance in the crypto market. As a crypto investor and enthusiast, stay tuned to coinspeaker.com to get the latest altcoins news around the world to keep you updated and geared up in the crypto space.
Gemini credit cardholders will earn up to 3% back on dining, 2% back on groceries, and 1% back on other purchases.
The to-be-launched Binance NFT platform will offer two major services: Premium events and trading.
Reef Finance is building its blockchain dubbed Reef Chain to enable future decentralized applications.
Apart from JD.com, Chinese video-sharing website BiliBili and transport company Didi have also started working with digital yuan.
Trading and transactions with the Chia coins are expected to be enabled on May 3.
The Warp Finance exploit in question involved taking Dai and trading it in such a volume that it destabilized the price.
After being listed by Coinbase Pro, Tether (USDT) price has experienced sharp growth.
Alternative tokens should not only offer a solution to either the blockchain industry limitations or real-world problems but also have a loyal audience.
Whether you are just interested in blockchain technology and its potential to change the world or looking to make some profits by investing early, it is important to know what projects and trends will impact the industry in 2021.
Polygon could help the Ethereum blockchain to achieve up to 65,535 transactions per block.
While China has not yet announced when it wants to officially launch the e-CNY nationwide, it is set to continue the pilot tests during the 2022 Beijing Winter Olympics.
From a technical point of view, Bitcoin price is still on the rising trend in the long term narrative.
Asian governments are pursuing precautions to combat evolving cryptocurrency scams in this modern crypto-oriented world.
The Binance Stock Tokens are backed by the actual shares held by CM-Equity AG and investors can get benefits from any dividends or incentives applicable.
The NFTs collection consists of Eminem’s original beats explicitly produced for the launch.