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.
Like Tesla, WeWork said that it would be showing crypto on its balance sheet. The company added that it would pay landlords and third-party partners with crypto.
Crowny’s platform makes use of the Ethereum blockchain and will subsequently use Solana for its fast transactions and low fees.
With this new partnership with DAO Maker, TRON has added another incubator project to its already growing ecosystem.
With Brian Brooks, Binance.US will seek to topple its numbers which have grown over the years with registered users growing by four times and its daily trading volume to $1.4 billion in Q1 2021.
In the press release, Venmo said that all crypto transactions are managed in the Venmo app.
The Mercury Beta Mainnet launch was crucial for the Internet Computer’s broader proposed overhaul in both website infrastructures and today’s growing data economy.
The partnership between Deutsche Telekom and Celo is going to be beneficial for both companies.
What sets Decentraland apart from other virtual worlds is its ability to provide lucrative investment opportunities.
Dogecoin market cap has overtaken that of well-established companies like Barclays, Credit Agricole and ING despite the 15% pullback.
Currently, Diem Association is in talks with the Swiss financial regulators to secure a payment license.
PayPal has revealed its plans to set up a local wallet for cross-border payments in China. The company said it would not be competing with the dominant players in the country.
Uniswap and Chainlink are the first two coins to be added to the eToro platform this year.
Bitcoin declined 15% over the weekend. As BTC plunged, altcoins like Ethereum (ETH) also fell in value.
PwC noted the Bahamas as a leader in the CBDC race in its recently published 1st edition of “PwC CBDC global index.”
Unlike regular savings accounts, Crypterium’s solution provides a high APY that involves no work and no risk.