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.
Loan-to-value (LTV) simply means how much cryptocurrency you will need to put up as collateral before you get a loan.
The ongoing rally in the BitTorrent (BTT) ecosystem may be linked to heightened interest in the protocol following the announcement of key upgrades including the increase in the BitTorrent File Sharing (BTFS) network decentralization.
The Central Bank of Japan has confirmed the phase 1 testing of its CBDC. This will see the Bank experiment with the environment and basic functions of the CBDC.
In his latest interview, Snoop Dogg revealed his views on Bitcoin and crypto and explained why he’s a strong believer in this technology. He also talked about his love for non-fungible tokens (NFTs).
The couple prepared a smart contract for their Judish ceremony. They will keep it in their crypto wallets. To leverage the uniqueness of the crypto asset issued by their contract, the spouses created their tokens on Etherscan.
Having introduced and developed the necessary infrastructure, DSLA protocol has put in place such an aspect that makes the project key in the future growth prospects of various industries.
JPMorgan highlighted that Bitcoin is becoming more appealing to institutional investors who are seeking low-correlation assets to diversify their investment portfolios.
The Bank of Thailand has a harsh stance against the use of stablecoins in the country, and in March, the monetary authority issued a stern warning that it will begin penalizing the usage of any Thai Baht-backed stablecoins.
Ethereum price is now up 1365% in the past year and over 33% in the past one month according to CoinGecko.
With its use as the primary cryptocurrency powering the fast-rising Binance Smart Chain network, now being tagged as an Ethereum killer thanks to its advantages, the Binance Coin has received a remarkable boost.
The overall crypto market has hit a new all-time high. While Bitcoin has shown some strength, the altcoin space has overwhelmed Bitcoin performance over the last week.
Circle was quick to release a statement, ensuring that there would be full cooperation with IRS, and assuring their clients of the safety of their assets.
Bitcoin has been seeing constant gains over the past months while reaching new highs. Now it is trading at almost $60,000.
Through the JUST NFT Fund, Sun has now acquired notable digital artworks including one from Beeple.
Bitcoin price has not reacted majorly on the Fools’ Day pranks as it was trading around $59,289.26 according to CoinMarketCap.