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 X-Cash protocol appears well-positioned to continue developing the decentralized Web 3.0 while promoting both privacy and transparency.
Besides the token burn, Gate.io has undertaken the initiative to buy back GT tokens from the secondary market.
Brevan Howard intends to diversify into various digital assets beyond Bitcoin and Ethereum.
Justin Sun, the CEO and founder of Tron and BitTorrent, says that he expects the popularity of the USDT stablecoin to increase.
The new Chainlink architecture proposed decentralized oracle networks that can off-chain computations and reduce the on-chain logic load. Besides, it also talks about the use of hybrid smart contracts.
Rothschild has been acquiring shares in the Grayscale BTC trust since 2017.
According to CZ, numerous reasons contributed to the BNB rally including the increase in the number of projects on the Binance Smart Chain (BSC).
The price of Dogecoin made 84.7% of its surge in the last 24 hours having recorded $0.28 as its highest price point before falling back to its current price point of $0.24.
Ethereum (ETH) for the first time in its history climbed above $2,500 on Thursday. This came in the wake of the network’s latest network upgrade – the Berlin hard fork.
Fight to Fame BMS fund management company received 1.5 billion US dollars investment from Latin American industry giants.
Hours before Coinbase IPO the whole cryptocurrency market went green in anticipation of a giant bullish marathon.
As the zero-fee spot markets join the flagship Digitex futures markets, traders now have the convenience of trading from one universal wallet.
AscendEX is named a top-level crypto-asset exchange according to a report published by the research firm CryptoCompare.
The Crypto Prophecies game launch is set for May 2021 and it is currently offering an initial bonus reward to new players for trying out the game and helping to grow the community.
The Covalent token as the native token for the Covalent network will be used as a governance token.