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Increasing alternative cryptocurrencies: information about creators
While the cryptocurrency market is growing and developing, a new wave of alternative cryptocurrencies has emerged and the popularity of Bitcoin has been questioned. While some of these newcomers can share similarities to their predecessors, other unique features that distinguish them have. In this article we examine the world of alternative encryption guest and reveal the creators behind some of the most important.
Bitcoin and outside: increase of alternative cryptocurrencies
In order to understand why alternative cryptocurrencies get under control, it is necessary to examine the factors that promote their creation. Some of these options aim to improve Bitcoin restrictions, e.g. B. scalable problems or energy consumption. Others strive for new uses, attract a wider user base or even use in a certain market.
Factors for alternative cryptocurrencies
- Feathercoin (FTC) : Jun Kondo and Kenji Takahashi, which started in 2012, is one of the oldest alternative cryptocurrencies. The unique feature is the double reset model, which is available in both BTC/USDT and LTC/USDT store couples.
- ** Fantom (M.Sc. It uses a new consensus salgorithm called capacity certificate.
- Star (XLM) : First day until 2014, Stellar is an open source decentralized mainstream technology that aims to reduce the costs and speed of international transactions. The original cryptocurrency, XLM, has achieved significant attraction in recent years.
- EOS : Joseph Kim launched EOS with the early areas of EOS in 2017, including Defi credit providers and distributed financial platforms (Defi). This platform offers a unique consensus mechanism, which is referred to as the Proof of Stake.
- Ito
**: Mihai Alice, which was introduced in 2016, is a decentralized cryptocurrency on microdata based on the basis for facilitating and storing information.
Who is behind the scenes?
Although some alternative cryptocurrencies have received widespread attention, only a few have aroused as much interest as others. However, we can see some big players:
- Anoncoin (AAOS) : This cryptocurrency was founded in 2016 by the Anoncoin team and focuses on creating a decentralized and open source platform for safe, peer-to-peer events.
- ZCash (ZEC) : ZCash Labs was introduced in 2014, this private, promised cryptocurrency aims to provide faster transaction times and reduce energy consumption compared to conventional cryptocurrencies.
- Monero (XMR) : First day to 2014 Monero is a private Open Source encryption currency for safe online events.
Diploma
While the market is developing, it is clear that alternative cryptocurrency currencies get under control. While some similarities share with their predecessors, other unique qualities and advantages offer. In order to be successful in this state, the authors must be ready to change, to be innovative and to adapt to the change in market conditions. As we still see new options, one thing is certain: the cryptocurrency landscape is only more diverse and more exciting.
Sources:
- Bitcoin.org
- Ethereum.org
- Coinesk.com
- Cryptoslate.com
Note: This article only serves for information purposes and should not be regarded as an investment consultant. Always carry out your own research and contact your financial advisor before making investment decisions.
