Cryptocurrency Blog

Sure, Bitcoin is a cryptocurrency. The blockchain was invented for Bitcoin, But bitcoin ISN’T the only cryptocurrency out there. As I write, there are over 8,000 different types of cryptocurrency in existence – some are variants of Bitcoin, while others are completely new, stand-alone cryptocurrencies. Bitcoin is, of course, the granddaddy of them all, and it's fair to say that there wouldn't be any cryptocurrencies at all without Bitcoin. However, because Bitcoin is open source, ANYBODY (even YOU) can take the technology and start their own cryptocurrency. At this point I need to make clear that there are two different types of cryptocurrency you can create. One is a coin, the other is a token. There are some pretty big differences between them, so listen up. A coin (like Bitcoin, Litecoin, Dogecoin etc.) operates on its own blockchain. These cryptocurrencies have been started from scratch and are completely independent of each other. They act as money, and you can buy stuff w...

Imitation is the sincerest form of flattery. Since the success of bitcoin, other cryptocurrencies have emerged. In 2014, these were the big contenders in the cryptocurrency world – PeerCoin aka PPCoin, Litecoin, Freicoin, and Dogecoin. At the end of 2017, these are the top five contenders, according to one source. 1. Litecoin (LTC). Launched 2011. 2. Ethereum (ETH). Launched 2015. 3. Zcash (ZEC). Launched 2016. 4. Dash (used to be Darkcoin). Launched 2014. 5. Ripple (XRP). Launched 2012. Looking at what these currencies are worth in November 2017, these are the current prices in US dollars: Litecoin – $69.31 Ethereum – $346.04 Zcash – $297.68 Dash – $453.65 Ripple – 23 cents Peercoin – $1.62 Freicoin – 0.005 cents Dogecoin – 0.001 cents There are other ways to rank cryptocurrencies. The point of this article to show how many altcoins are out there. An altcoin is an alternative to bitcoin. It depends on which source you turn to for your information. There is something impor...