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.
Filecoin fundamentals may make it plausible for the digital currency to sustain the 9th largest crypto ranking as the project seeks to offer a highly sustainable and secure decentralized storage system.
NFT Investments believes that there is great potential for the industry to “emerge globally”.
Blockchain domain names make it easy for anyone to receive any form of cryptocurrencies, tokens, and even Non-Fungible Tokens, as most of the service provides are compliant with the ERC-721 standard that aids the minting of NFTs.
Element Finance has assured its protocol will be open, self-sustaining, and community-governed.
OpenSea has said it plans to use Immutable X to get rid of gas fees. The NFT marketplace aims to support the trading of digital collectibles on their gas-free layer-2 protocol built on Ethereum without compromising on security.
The Efinity blockchain has its own native Efinity Token (EFI) and now it will focus on non-fungible tokens (NFTs) for apps, creators, games, and enterprises.
Cryptocurrency market on the last day of March thrilled some investors in the field as Bitcoin dropped nearly $2K in minutes, and all major coins suddenly turned red. Stepping into April I would like to suggest 3 altcoins to watch in April as they have some updates to share.
While Uniswap has been claiming to bring “range orders” as a completely innovative concept, the fact is that it significantly overlaps with HipoSwap’s “Market Pool” feature launched six months back in September 2020.
The Moonbeam Network is an Ethereum-compatible smart contract platform on the Polkadot network designed to allow for interoperability across chains.
Increased volatility in Bitcoin price in the past 24 hours has resulted in total liquidation of approximately $1 billion.
According to the CEO of Dapper Labs, Roham Gharegozlou, the NFT tokens give fans of the sport a new and “exciting way to connect with their favorite teams and players.”
Rumors on PayPal’s Checkout with Crypto began on the 30th of March. Later in the day, PayPal CEO Dan Schulman confirmed this news.
Fish.Pro has a plan to create a customized blockchain crossroads of sorts and break the current pattern that can be spotted in the industry by carrying multiple blockchain derivatives.
Ahead of the official launch, the Bakkt App attracted more than 500,000 users who participated in its Invitation-only Early Access Program. The App is now available on the App Store and Google Play Store.
Wanchain outlined a special consensus arrangement and privacy-protecting techniques that will seamlessly integrate with their present design.