Bitcoin is one name which is not unknown for anyone and one who would like to get profit in the world of cryptocurrency would definitely have knowledge for same. Cryptocurencies are actually regionalized and unspecified peer to peer digital currencies that contrivance cryptography as the central security features. Coins of cryptocurrency are mined with using computer which would actually solve the difficult mathematical equations known as hashes.
Bitcoin is very successful and that become the reason for development of many other cryptocurrencies. Many of these altcoins offer their own take on the bitcoin protocol and have interest in their own right. So is the reason in fact these are cheap and much easier when one is planning to buy or mine. Some of them came with guarantee but some altcoins have no guarantee to be successful or value same or more compared to bitcoin. The list of these coins is here so that you can make easy comparison and plan accordingly.
Litecoin- This was introduced in October 2011 and price is around $13.78 and the way to make description of same is that if bitcoin is gold then it is silver. As most of the altcoins are based on bitcoin protocol but this one is prepared in a way that mining would be much cheaper and becomes more independent likened to bitcoin. A way to achieves litecoin is by making use of different cryptography protocol which can be decoded effectively by making use of consumer- grade GPUs.
Peercoin- This was introduced in August 2012 and price unit for same is $2.09. This altcoin is based on bitcoin but have separate way of mining process. In place of exclusively trusting on the proof of work that actually needed miners for solving hashes, peercoin eventually implement a proof of stake system. That system means more coins you have the more chances you would have for mining of more coins. There is no upper fixed limit of coins and that is the reason which makes it an inflationary currency.
Onecoin- Onecoin is created and managed successfully by Dr. Ruja Ignatova and this is one from the innovative and new virtual currency. In terms of popularity it has replaced bitcoin, which was best known for the digital currency having capitalization of over 7 billion dollars. It is doing good and providing more profits to miners and it is believed that soon a special exchange can be launched.
Namecoin- This was introduced in April 2011 and price for same is $2.69. Actually this is not designed as a currency. The main motive of the same is to keeping control over an alternative Domain Name system. For escape from censorship, it actually exist outside the control of the Internet Corporation for Assisted Names as well Numbers and DNS is governed for all other domains.
Quarkcoin- This was introduced in July 2013 and price is $0.069. People who always worry about the safety and security when mining in Digital Currency should opt this as alternate currency. It outfits nine rounds of hashing and chooses from six different hashing methods. Most cryptocurrencies make use of one hash and that is the reason it gets full mark when concern is security. It uses CPU mining and does not have hard cap on the total number of QRK.
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