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 sale will begin as noted on March 26th at 9 am (UTC) and will run through April 2, 2021.
Bitcoin price dipped approximately 6.6% in the past 24-hours according to metrics provided by CoinGecko.
Skrill digital wallet users in the selected states can now purchase Bitcoin, Ethereum, Bitcoin Cash, and Litecoin through Coinbase.
THETA, the blockchain network’s native token, took a nosedive when the scheduled postponement was revealed.
Dfinity has launched its Internet Computer network to create an open internet system and drive a diversion from Big Tech and closed infrastructure.
The entire Chocoswap ecosystem will be a decentralized network that will be powered by its native Vanilla (VNLA) token.
The official fan token from McLaren will be functional on the Bitci blockchain network and will give certain voting rights to the owners in team decisions.
Blockchain.com funding was led by DST Global, Lightspeed Venture Partners and VY Capital.
A law firm slammed BitClout with a Cease-and-Desist letter for using Brandon Curtis’s identity without consent.
In a Reddit ask-me-anything session, Brian disclosed that any digital asset can find its way on their exchange as long as the listing standard is met.
The cryptocurrency exchange will start trading these crypto after 9AM Pacific Time (PT) Thursday, March 25, if liquidity conditions are met.
Though debuting as an invite-only platform, for now, the Crypto.com NFT Marketplace will notably onboard more creators in the near future according to Joe Conyers III who has been appointed to lead the new outfit.
The whole idea is to provide a lazy or easy way for people to go about their NFTs.
The Uniswap Version 3 will introduce major changes in terms of giving better control to LPs over their money as well as setting up a dynamic fee structure for different pools.
Convergence protocol is set to offer users the ability to tokenize real-world assets.