Identify the fierce rivals of Bitcoin in 2018

in #bitcoin7 years ago
  1. Bitcoin Cash
  • Market capitalization: $ 49.4 billion.
  • Growth rate in 2017: 684%.
  • Founder: Bitcoin Cash was created by a group of people who split the blockchain bitcoin. It is controlled by a lot of independent development teams.
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    Having a larger block size than Bitcoin's "Bitcoin", Bitcoin Cash handles transactions faster with lower costs. However, Bitcoin virtual loyalists argue that the increase in block size destroys the decentralized nature of the coin.
    Perhaps the biggest challenge for Bitcoin Cash is acceptance. It needs to convince businesses to accept Bitcoin and its payment network. In addition, persuading miners to participate in the transaction processing process is also important.
    In circulation there are about 16.8 million Bitcoin Cash out of a maximum of 21 million units
  1. ripple (XRP)
  • Market capitalization: $ 40.5 billion.
  • Growth rate in 2017: 16,988%.
  • Founder: Web developer Ryan Fugger, entrepreneur Chris Larsen and programmer Jed McCaleb.
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    The New York Times described the ripple as "a mix between Western Union and a low-cost virtual currency." Because, ripple is not just a virtual currency but also a system where any currency, including Bitcoin, can be traded on it.
    "Ripple connects banks, payment service providers, digital property floors and businesses through RippleNet to global money transactions," explains Ripple Founder.
    Ripple has licensed their blockchain technology to over 100 banks. And a new hedge fund has just announced that it will charge XRP. At present, the market is about VND 38.7 billion in the total limit of 100 billion units. The most in all virtual currency in this list.

3.Litcoin (LTC)

  • Market capitalization (as of 25/12/2017): $ 15.11 billion.
  • The growth rate in 2017 (as of 25/12/2017): 17,004%.
  • Founder: Charlie Lee - A former Google engineer (now a star in digital pre-digital).
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    Litecoin was created to reduce transaction confirmation time and refine Bitcoin's exploitation methods so that anyone can participate.
    This currency has a limit of 84 million units, compared to Bitcoin's 21 million. About 54 million Litecoin is in circulation, compared to Bitcoin's 16.7 million.

4.Cardano (Ada)

  • Market capitalization: $ 10.17 billion.
  • Growth rate in 2017: 1,528%.
  • Founder: Blockchain Input Output Developer Hong Kong (IOHK).
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    Blockchain Cardano debuted in October of 1974 and exploded in its currency, Ada. In November 2017, it reached the top 10 digital money market value. And now (10/1/2018) it is in 5th place.
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    According to CEO Charles Hoskinson, Cardano can connect to financial systems and is believed to be used by billions of people around the world. Because, it solves the problems of "sustainability, compatibility and scalability".
    Currently, there are 26 billion Ada in circulation, out of a maximum of 45 billion units.

5.Iota (MIOTA)

  • Market capitalization: $ 9.7 billion.
  • Growth rate in 2017: 446%.
  • Founder: A group of entrepreneurs, mathematicians and programmers David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Serguei Popov.
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    What makes MIOTA "fascinating" investors is that the transaction is free of charge and every one who owns it is also a "peach". This is the first digital currency not to use blockchain.
    Instead, Iota is based on a scaled-down distributed docket structure called "The Tangle" - an initiative that allows the coin to reach three important milestones: free transactions, offline transactions and scalability. unlimited.
    The maximum amount of this currency is 2.8 billion units and all of this is circulating in the market.

6.Moreno (XMR)

  • Market capitalization: $ 5.3 billion.
  • Growth rate in 2017: 2,697%.
  • Founder: Like Bitcoin, the creator of Moreno is still a mystery.
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    The special thing of this virtual currency is that every transaction, including the sender, recipient, and value information, is stored on a public ledger but is "not clear" to no one. can query.
    And this has made it a favorite cybercrime. Evidence is that the hackers behind the global WannaCry ransomeware (which took place in the second quarter of 2017) affected 230,000 computers running Microsoft Windows, demanding payment by Monero.
    Currently, about 15.5 million XMR are being circulated. Unlike Bitcoin or Litecoin, Monero has no limit on the number of units.

7.NEO

  • Market capitalization: $ 3.92 billion.
  • Growth rate in 2017: 54,021%.
  • Founder: Da Hongfei - CEO of Onchain and blockchain author in China, along with co-founder Erik Zhang.
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    Dubbed the "Ethereum of China," Neo would boom if China loosened on ICO and Bitcoin. The number of inactive anchors on the market is about 65 million out of a total of 100 million units limited.