Top 6 Alternatives to Bitcoin in 2019

Anisa Batabyal
| 06 May, 2020 | 2 min

Honestly, there ain’t any cryptocurrency, which can outperform or overshadow Bitcoin, as it remains the king of the crypto land. Bitcoin is such a currency which is considered as a payment system and store of value at the same time. But for all kind of investors, considering the alternatives can prove fruitful. As we are aware of the volatile nature of the cryptocurrencies, investing in cryptocurrencies in itself is a risky business. Bitcoin, in itself, creates an adrenaline rush for the enthusiasts. It has certain interesting features like decentralization, anonymity, transparent, quick, and a successful payment system.

Let us have a look at the top cryptocurrency list which are alternatives to Bitcoin:

#1 Ethereum (ETH)

Ethereum is the second-largest cryptocurrency in the world with one of the largest market capitalization in the world. Ethereum is the first token that has introduced smart contracts in the crypto world. It's one of the safe cryptos to invest so when it comes to an alternative to Bitcoin, Ethereum would be one of the viable options.

Ethereum also got enough popularity from its users, and the rate of adoption kept on growing every year. It is about to undergo its 8th fork- Ethereum Istanbul and is considered as one of the best cryptocurrencies 2019.

Click here to buy Ethereum

#2 Litecoin (LTC)

Litecoin is one of the older forks of Bitcoin, which is known as the digital silver, wherein Bitcoin is known as the digital gold. It is one of the top 5 cryptocurrencies in the world where the speed of the transaction confirmation is 4X faster than that of Bitcoin. The best part is that the maximum limit of Litecoin is 84 million, which is again four times more than that of Bitcoin.

Very recently, Litecoin went through its second halving process, which created a state of frenzy amongst the crypto enthusiasts, especially Litecoin investors.

Click here to buy Litecoin

#3 Ripple (XRP)

Ripple is the name of the organization, and XRP is the token, which is unique in the aspect that it need not be mined, as it is pre-mined. Ripple provides one of the best payment networks enabled by its global network, RippleNet. It enables payment to be settled in less than 5 seconds. Ripple’s network can handle around 1500 transactions per second as compared to Bitcoin, which handles seven transactions per second.

Recently, Ripple partnered with Moneygram, and after this, XRP soared high up, and the market was favoring Ripple.

Click here to buy Ripple

#4 Tron (TRX) 

Tron has a large user community, with the founder Justin Sun being very active on social media. Tron has been created to decentralize the content and entertainment industry. It gives a platform where you can get paid for sharing your content. It builds both the creators and the readers on the same platform; in this way, the creators get the exposure they need.

Tron has been successfully upholding its integration with BitTorrent (BTT), which became popular overnight. Some days back, Justin Sun tweeted about some upcoming updates.

Click here to buy Tron

#5 Monero (XMR)

Monero is one of the famous privacy coins, that became popular in such a short span as it enables the holders to receive funds without the amount, origin, or the destination being visible to others. Monero is fungible and scalable, unlike Bitcoin, which is not fungible. Monero’s own CryptoNight mining algorithm is designed to suit mining by general CPUs and GPUs.

Monero has recently been considered as one of the top cryptocurrencies other than Bitcoin. Even the community behind it is one of the most active ones.

Click here to buy Monero

#6 Bitcoin Cash (BCH)

Bitcoin Cash is one of the earliest forks of Bitcoin, which is one of the top five cryptocurrencies as per the market capitalization. This offers 8 MB block size as compared to 1 MB of Bitcoin’s block size. Bitcoin Cash in itself further forked into two, Bitcoin Cash SV and Bitcoin Cash ABC.

Bitcoin Cash is one of the best-performed cryptocurrencies, which has gone through many criticisms, but it has never failed to prove itself, as the community members are pretty strong.

Click here to buy Bitcoin Cash

Frequently Asked Questions (FAQ)

  1. How many different types of cryptocurrencies are there?

As of August 21, 2019, there are 2467 cryptocurrencies as per coinmarketcap.

  1. Which is the best cryptocurrency apart from Bitcoin?

There are many options which have been mentioned above. Every one of them has its own pros and cons.

  1. Which cryptocurrency is growing the fastest?

As of August 21, 2019, Zilla has increased by around 79%. You can buy Zilla here.

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