LETS START

Investing in the cryptocurrency market space is often complex especially for the traditional investors. For the reason that investing directly in Cryptocurrency requires the use of new technologies, tools and adopting some new concepts.
If you decide to dip your toes in the CryptoCurrency world, you need to have a clear picture of how to proceed and what to expect.

Be it Bitcoin, Litecoin, Ethereum or any of the 1300 tokens, buying and selling cryptocurrencies require you to choose an Exchange that deals in the merchandise you want.

Being probably the most famous decentralized cryptocurrency, Bitcoin leads the crypto space so dominantly that the terms crypto and bitcoin are sometimes used interchangeably. However, the matter of fact is that there are other cryptocurrencies as well that can be relied upon to make crypto-investments.

Litecoin

Litecoin, generally known as ‘silver to Bitcoin’s gold’ is an open-source decentralized payment network that functions without involving an intermediary.

How does Litecoin change from Bitcoin? Well, both are similar in many ways, however the block generation of Litecoin is a lot faster than that of Bitcoin. That is making the investors around the globe open to accept Litecoin.

Charlie Lee, a former engineer at Google founded Litecoin in 2011. Though Litecoin doesn’t have the anonymity technology of Bitcoin, recent reports show that Litecoin is recommended after bitcoin due to the persistence. Another factor that favours Litecoin may be the Bitcoin SegWit technology which means secure peer-to-peer trading of currencies without involving exchange participation.

Ethereum

Launched in the year 2015, Ethereum is really a decentralized software platform that allows distributed applications and smart contracts to function without alternative party interference. The currency is the ether that is as an accelerator within the ethereum platform. In the best cryptocurrencies space, Ethereum. is the second most preferred choice after Bitcoin.

Zcash

Zcash gained attention in the latter part of 2016 and targets solving the issue of anonymous transactions. To comprehend the currency, let’s take it as “if bitcoin is similar to HTTP for the money, Zcash is HTTPS”.

The currency offers the choice of the shielded transaction to keep up the transparency, privacy and security of transactions. This implies the investors can transfer data by means of encrypted code.

Dash

Originally referred to as darkcoin, Dash is a more selective version of bitcoin. It had been launched in January 2014 by Evan Duffield with the name Xcoin. Additionally it is referred to as the Decentralized Autonomous Organization or just DAO. The coin was meant to eradicate all of the prevailing limitations of Bitcoin. Currently, Bitcoin has earned a substantial position in the area of cryptocurrencies.

The choice to virtual currency that promises secured and anonymous transactions through peer-to-peer networking is cryptocurrency. The key to making a lot of cash is to make the right investment at the proper moment. Compared to making the everyday money, cryptocurrency models function without involving any middle man as a decentralized digital mechanism. In this distributed cryptocurrency mechanism, the continuous activity is issued, managed and endorsed by the city peer network. The cryptocurrency is well known because of its speedy transactions over any other mode such as for example digital wallets along with other mediums.

In StakeStone to the above discussed, other top cryptocurrencies include Monero (XMR), Bitcoin Cash (BCH). EOS and Ripple (XRP).

Although bitcoin may be the trend setter and is leading the race, other currencies also have made their significant position and are growing in preference every day. Considering the trend, the other cryptos will have a long way to stay and might soon give Bitcoin a real tough time to maintain its position.