As most cryptocurrency enthusiasts are well aware of, there are different groups of currencies to take into account. The major cryptocurrencies are all offering something seemingly different, whereas the rest are mostly copy-and-paste clones. However, there are some big differences between the major cryptocurrencies, otherwise there would be very little point in distinguishing between them.

6. Dash

One of the main thing that Dash does well is providing its users with additional privacy when completing transactions. The network of Dash Masternodes provides these services, while also incentivizing users to not spend their wallet balance. Additionally, Dash is making quite an impact in the point-of-sale industry, through strategic partnerships. All things considered, Dash provides a valuable service to people looking for those specific traits.

5. Monero

monero logo

When it comes to finding anonymous cryptocurrencies, one has to look well beyond bitcoin and others. Monero is leading the charge in the anonymity race due to some innovative concepts. Monero has also been embraced by darknet markets because it provides privacy and anonymity one cannot find in bitcoin. Other use cases for Monero are somewhat limited, though.

4. Ripple

ripple logo

Although many have quite contrasting opinions regarding Ripple, one cannot ignore the benefits it brings to the table. Unlike other cryptocurrencies, Ripple is not about speculation, but strongly focuses on transactional utility. Dozens of banks around the world are looking at Ripple to improve their transactions and other day-to-day operations moving forward. Over the past few days, Ripple’s XRP token saw its price increase significantly due to a new banking partnership.

3. Ethereum

Over the past year or so, many people have compared Ethereum to bitcoin. That is like comparing apples and oranges, since both ecosystems are nothing alike. Ethereum focuses on the technical side of blockchain development, including native tokens, smart contracts, and decentralized applications. It is possible all of these features will come to bitcoin in the future, but it is good to have some competition among cryptocurrency ecosystems.

2. Litecoin

TheMerkle_Data Breach LitecoinTalk

To a lot of people, litecoin is either a bitcoin clone or one of the first “original” outcomes to gain traction. Litecoin offers a different mining algorithm and faster transactions. Interestingly enough, there are some development similarities between bitcoin and litecoin. Segregated Witness, for example, may very well activate on the litecoin network first before it will go into effect among bitcoin users. Litecoin is accepted as a payment solution in various places, although it is nowhere near bitcoin’s level of acceptance.

1. Bitcoin

bitcoin logo

It is impossible to deny the success bitcoin has had. Even though bitcoin has some problems that need addressing, such as scalability and privacy, it has become the world’s leading cryptocurrency with relative ease. Bitcoin is designed to make global transactions possible and boost financial inclusion. Moreover, thousand of merchants all over the world have started accepting bitcoin payments, both in the online and offline world.

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1 COMMENT

  1. I don’t think the authour knows much about crypto. Because if you do, you wouldn’t put Litecoin as number 2, let alone not even include it in the list at all.

    Litecoin is dead, hasn’t improved over the years and other crypto are going ahead of it. In fact the maker of litecoin decided to stop working on it ages ago. Which was the reason why it lost its appeal.

    Eth is the way forward.

  2. “Even though bitcoin has some problems that need addressing, such as scalability and privacy,” … wtf.. Bitcoin was never meant to be private.. Bitcoin is an open transparent public ledger.. the only thing private about it, is your private key.. really wish these articles were vetted better.. pretty clear the author doesn’t know much about cryptocurrency…

  3. “Monero…because it provides privacy and anonymity one cannot find in bitcoin. Other use cases for Monero are somewhat limited, though.” A true digital cash should be fungible, private and anonymous, like hard cash. Saying Monero has limited use, other than the darknet is just nonsense. Another use case might just be fungible, private and anonymous digital cash for everyone, everywhere – properties lacking in 99% of other cryptos. Other cryptos have their use, but Monero’s perfect use case is digital cash.

    • Monero, does and will never have a transparent block chain and can not be audited, this may not be important to very one (I think most people don’t really get it). So what is needed is to trust the code and developers, that are no extra coins printed secretly.

  4. I am assuming that the list is not listed from high to low ? If it is it’s clearly wrong.

    Anyways you forgot the most important feature of all DASH is the only one with instant transactions, which makes it the only currency that will usable for day to day use.

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