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.
The crypto industry has enjoyed new levels of adoption from big traditional firms like Morgan Stanley, Tesla, Meitu, Goldman Sachs, and a host of others that are now opening their platforms for digital assets.
By combining its core network technology with Filecoin IPFS (InterPlanetary File System), VideoCoin aims to build a next-generation video NFT trading platform.
While there are increased expectations that the 1inch token will be used for greater utility in the broader network as been envisaged, the token has seen organic growth this year amid the ongoing DeFi boom.
Since the announcement, there has been a mixed price reaction. While some like Filecoin, Bancor, and Yearn Finance have gained by as much as 10%. Others like Cardano have barely moved, recording a marginal move of less than 1%.
WWE has partnered with crypto wallet provider Bitski to facilitate the Undertaker NFTs auction.
Moreover, Robinhood said that its team had expanded more than three times since 2021 began.
The LCMS platform takes advantage of blockchain’s tracking capability and can provide information about the product’s history.
Explaining their reason for adding more Bitcoin to its holdings, Meitu revealed that their decision was influenced by the utility of Bitcoin and the ability of blockchain technology to take over from the financial and the technology industry.
Christie’s auction house is selling nine CryptoPunk non-fungible tokens (NFTs). The auction house announced this on Thursday, further confirming these will star in the 21st century evening sale in New York this May.
Coinbase has already made considerable investments in some of the decentralized financial projects including Dharma.
Kava stands out among other DeFi solutions thanks to its focus on cross-chain liquidity involving major assets such as Bitcoin and BNB.
If you’ve got Gold Coin trading friends, you can refer them to the P2PB2B platform in various ways to earn more.
Since entering the market, Soteria has been committed to protecting the safety of BSC projects, while constantly stimulating the ecological construction of BSC.
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Brian Armstrong has announced he will be releasing a collection of electronic music created in collaboration with DJ DAVI. He further confirmed that this will be released as NFTs, his announcement comes as the industry continues to capture major attention.