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.
Unlike other brands that have recently generated huge amounts of money from the release of their NFTs, McDonalds is not selling its digital works.
LABS is the world’s first end-to-end real estate tokenization ecosystem to develop accessible and cost-efficient investment opportunities for all.
The growing adoption of Bitcoin by large institutions is also a factor that affects the expansion of the crypto market.
Coinbase Pro continues to explore new digital assets to add to their platform. On Wednesday, April 7 it announced it is listing a number of tokens that have shown promise to investors and passed their standards.
CZ said he had sold his apartment to buy Bitcoin some years ago. Moreover, he also left his job back then.
QuickX has been working towards wider acceptance of cryptocurrencies through its various crypto-centric products.
Autograph will provide interactive offerings including live auctions, physical product drops, and also in-person experiences.
The Messari study showed that Coinbase listings bring much more returns to investors in comparison to other exchanges like Gemini, Binance, Kraken, FTX, and OKEx.
The $20 million venture capital firm makes its first allocation in FinTech payment platform COTI offering financial solutions to the crypto community.
A Twitter user, however, countered Allaire’s opinion on USDC and PayPal.
The potential launch of a CBDC following the developmental work being carried out by the Riksbank may not be feasible under current banking laws.
The SEC seeks to compel Ripple to register XRP as security or pay a fine for selling it as an unregistered security.
Elrond has partnered with blockchain platform Shopping.io who will bring the facility for users to spend their eGold tokens at some of the world’s most popular eCommerce marketplaces.
This year, companies like Student Coin found a way to help entrepreneurs without too much effort while respecting investors’ needs.
Playboy stated that it would learn, innovate, and support the community as it is entering into the NFT space.