Looking for a Bitcoin Alternative? Here are 6 Coins to Consider

5 stars based on 63 reviews

The rise of Bitcoin - as bubble or bona fina currency of the future - is the subject of fierce debate. But there has been much less attention turned to the value and potential of alternative cryptocurrencies, the most high-profile of which are Ripple and Ethereum. In addition, some bitcoin alternative currencies are developing their own national cryptocurrencies, with Dubai launching its first official cryptocurrency - Emcash - last year, and the Chinese central bank also reportedly developing its own digital currency after having banned the trading of Bitcoin.

All these digital currencies are relying on blockchain technology - a method of recording data on a digital ledger of transactions, agreements and contracts. The big difference is that, for security, the ledger isn't stored in one place but rather distributed across hundreds or bitcoin alternative currencies thousands of computers around the world. The rapid rise of Ripple has attracted attention in recent weeks: In contrast, Ripple is controlled by a San Francisco-based company.

It creates the currency and releases new batches periodically. This frees Ripple from some of the recent criticism of Bitcoinwhich pointed to the enormous amount of energy used during the mining process. Ripple says it has licensed its blockchain technology to more than banks to date. Ethereum is a close rival to Ripple, with both competing to be the second biggest cryptocurrency after Bitcoin.

Ethereum also lets apps run on its networksallowing for smart contracts, written in code, which can be automatically verified and enforced. That in turn allows for the creation of decentralized apps bitcoin alternative currencies even decentralized companies, involving no other parties outside of the Ethereum network.

It has also won the backing of some big multinationals, with almost companies, including JP Morgan and Microsoft, signing up as members of The Enterprise Ethereum Alliance. The Alliance aims to bitcoin alternative currencies with issues for businesses who want to use Ethereum, such as governance and accountability.

Bitcoin has considerable first-mover advantage, and already has a base of bitcoin alternative currencies users as well as the greatest liquidity and the greatest overall value.

Some of the newer cryptocurrencies, however, are easier to mine and have already won the backing of big business, giving them significant credence. Briony HarrisFormative Content. The views expressed in bitcoin alternative currencies article are those of the author alone and not the World Economic Forum. We are using cookies to give you the best experience on our site. By continuing to use our site, you are agreeing to our use of cookies.

It is the rapid rise of Ripple that has attracted most attention amongst the Altcoins in recent weeks. Briony Harris Formative Content. Is this the solution to the wealth gap between generations? Bitcoin alternative currencies on the agenda. Cleaning up battery supply chains Our Impact.

Explore the latest strategic trends, research and analysis. The rapid rise of Bitcoin has led some people to fear that it is a bubble.

Ethereum is signing up companies to create governance and accountability. The hottest cryptocurrency in China is not Bitcoin What is Bitcoin? Written by Briony HarrisFormative Content. How secure is blockchain? Blockchain can solve some of the world's most pressing challenges. Blockchain is facing a backlash. Jem Bitcoin alternative currencies 12 Apr

Neosurf bitcoin exchange

  • Robot ceramic salt and pepper mill mechanisms

    How to set up bitcoin mining farm

  • Shift cardbitcoin debit card

    Charles lee litecoin price

Primecoin cpu chart comparison

Zerocash decentralized anonymous payments from bitcoin extended version

  • Hyper ledger vs ethereum phasespear

    Cryptocurrency exchange paypal to skrill

  • Cgminer cpu litecoin

    Makerbot replicator 2 desktop 3d printer review

  • Emercoin bitcointalk cryptsy

    Gallia ar 1er age selles liquides

Flat 128 bitcoin atm austin texas

13 comments $ltclitecoin updatetradingview

Binary profit system review binary profit system trading robot review binary profit system software

This is a list of cryptocurrencies. From Wikipedia, the free encyclopedia. Cryptocurrency with the most famous, popular, notable and highest market capitalization. First block chain to support currency creation by interest paid on debt. Solidus Bond proto smart-contract. One of the first digital coins patented in the US.

First block chain to support encrypted mail with attachments. Not based on bitcoin. It is commonly used to convert other cryptocurrencies to USD. Retrieved December 31, A Brief Thematic Review. Economics of Networks Journal. Date accessed August 28, Retrieved January 24, Retrieved January 14, A guide to some other crypto currencies". Association for Computing Machinery. Retrieved July 24, Accessed December 28, Retrieved December 14, Archived from the original on Retrieved November 14, Retrieved April 9, Retrieved April 11, Using the Blockchain for Good".

Retrieved January 20, Retrieved January 18, Mining Crypto currency with a Purpose". Retrieved January 15, Archived from the original on February 3, Retrieved December 21, The Wall Street Journal. Retrieved October 13, Retrieved November 13, Retrieved June 18, Retrieved November 18, Grayscale launches digital-currency fund backed by Silver Lake's co-founder Hutchins".

Retrieved April 27, Retrieved December 27, Retrieved October 20, Retrieved September 14, February 10, — via GitHub. Retrieved January 11, Retrieved January 13, Proof-of-authority Proof-of-space Proof-of-stake proof-of-work. Dogecoin Gulden Litecoin PotCoin. Dash Decred Primecoin Auroracoin. IO Gridcoin Nxt Waves. Anonymous Internet banking Bitcoin network Complementary currency Crypto-anarchism Cryptocurrency exchange Digital currency Double-spending Electronic money Initial coin offering Airdrop Virtual currency.

Retrieved from " https: Wikipedia indefinitely semi-protected pages Use mdy dates from January Articles containing potentially dated statements from April All articles containing potentially dated statements.

Views Read View source View history. This page was last edited on 7 May , at By using this site, you agree to the Terms of Use and Privacy Policy. Satoshi Nakamoto [nt 1]. SHA-2 56d [6] [7]. The first decentralized ledger currency. The first cryptocurrency to use Scrypt as a hashing algorithm.

Vincent Durham [11] [12]. Also acts as an alternative, decentralized DNS. First digital coin with theoretical value based on the work required to produce electricity. First cryptocurrency based on the CryptoNote algorithm. Focused on user privacy through impassive and anonymous transactions. Sunny King pseudonym [15]. Trusted storage for any small data: The first cryptocurrency linked to citizen science through the Berkeley Open Infrastructure for Network Computing [28] [29].

Uses the finding of prime chains composed of Cunningham chains and bi-twin chains for proof-of-work, which can lead to useful byproducts.

Ripple [32] [33] [34]. Designed for peer to peer debt transfer. Specifically designed as a flexible platform to build applications and financial services around its protocol.

Baldur Odinsson pseudonym [40]. Used American hip hop artist Kanye West as its mascot, abandoned after trademark lawsuit. A bitcoin -based currency featuring instant transactions, decentralized governance and budgeting, and private transactions. Privacy-centric coin using the CryptoNote protocol with improvements for scalability and decentralization.

Scala , Java [52]. The first cryptocurrency to be nominated for a major adult industry award. Open-source, decentralized global financial network. Supports Turing-complete smart contracts. Jan Ludovicus van der Velde [68]. Scala , JavaScript [73]. Open blockchain platform, featuring token creation, distributed exchange and fast, high volume, transactions designed for ease of use [74] and mass adoption.

Feeless Smart contract platform for decentralized applications and decentralized autonomous corporations with a block time of ms. KodakCoin is a "photographer-centric" blockchain cryptocurrency used for payments for licensing photographs. First cryptocurrency backed by Venezuela 's reserves of oil.