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 Bank of Thailand will penalize users for illegal use of stablecoins backed by the Thai Baht without actually taking formal approval from the central bank.
Greg Waisman, the co-founder and COO of the fintech company Mercuryo, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) weekly price movements.
In addition to helping creators better monetize their content and access the 1 trillion+ USD locked up in cryptocurrency, CoinDogg will also enhance the ability for creators to leverage their audiences across channels.
Trace Network plans to issue a white label stablecoin backed by its native token, which can be used for settlements and accounts based on the on-chain transactions.
If you’re tired of Ethereum fees, there are many options available that let users accomplish similar transactions at lower rates.
Splyt enables affiliate partners to imbed the item product API into their own e-commerce store or social media channel, making the promotional process easy and effective.
The final bid for Dorsey’s first tweet posted 15 years ago in 2006 has been sold for $2.9 million, the proceeds of which shall go for charity.
The Bridge Oracle will function with the help of its native token dubbed the BRG token, issued back in August 2020.
As larger blockchain platforms begin to buckle under the strain, TRON has stepped up as an alternative that lets users execute the same type of transactions at a lower cost.
NFTs not only bring a lot of money to holders, investors and artists, but also open up new opportunities for the gaming and art industries.
Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) daily price movements.
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According to OpenSea, the NFT marketplace they manage has no items belonging to the company.
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CoinBurp has partnered with leading NFT markets including OpenSea to enable seamless DeFi and NFT integration.