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.
To start with, BNY Mellon will offer custodian services to its clients, then move forward to what its clients demand most.
Like Microsoft, Jigstack is looking to provide appealing and user-centric services, albeit in a decentralized manner.
The Airdrop of BTCU implies crediting newly issued coins in a 1:1 ratio to the wallets of BTC users at the moment of the fork, and the team will send the coins to those wallets which platforms say they support the BTCU fork.
Mogul has also made the process of revenue accounting and profits distribution regularly to the appropriate parties more easy and effective with the appointment of a Collection Account Manager (CAM).
The entire innovation being churned out by the XSL Labs is based on a decentralized system and the protocol will be deploying its DApp is called ONE. ONE will help enhance the interoperability of all services that will use SDI.
Polkamarkets will enable participants to find yield through decentralized exchange, lending, farming and providing liquidity for others to use.
Popular venture capitalist Nic Carter thinks that Dogecoin doesn’t have any real value apart from being a fun cryptocurrency. Carter doesn’t agree with Musk’s suggestion of HODLing Dogecoin.
Roubini thinks the crypto industry might collapse if Tether and Bitfinex are indicted later this year.
Major cryptocurrencies including Bitcoin and Ethereum were able to rebound after yesterday’s sell-off before the FED statement.
The Ethereum has been correcting for two days already, but for now, this has little significance: the market remains unmistakably positive. On Thursday, February 11th, the ETH is trading at $1,726 USD.
The game players would be able to acquire NFTs that they can use to unlock new levels and quest in the Minecraft game server.
As Andy Jassy will soon replace Bezos as a new Amazon CEO, it can be expected that he may explore crypto payments for the company.
Dogecoin price has significantly surged particularly thanks to Musk’s recent tweets endorsing the coin.
It is not yet clear which currencies the payments giant will add to its network. By now, Mastercard bets on stablecoins.
Deutsche Telekom has over the years focused on providing complex infrastructure providing the internet. For this reason, it is not far from its goal to provide infrastructure support to the recipients.