2016-02-24 Wed

Many alt-coins among bitcoins are pre-mined which are not legitimate. Also, they don’t have an adoption rate to offer any sort of liquidity or security. Alt-coins keep appearing in the market even then and many experts fear that it is easy to create a crypto-currency these days.

The three largest cryptocurrencies that have remained steady from the years 2013-2015, are, Bitcoin, Ethereum, Ripple and Litecoin, respectively.

2. Ethereum

Ethereum has had an appreciable price increase YTD perhaps because of the block size limit in Bitcoin. The currency raised nearly $20 million in order to kick-start the project and many people believe that Ethereum can become more popular in the market than Bitcoins.

3. Ripple

Ripple is different than Litecoin and Bitcoin as it’s pre-mined. That’s the reason why it is not considered as a favourable option and has lost more than 90% of its market cap over the past two years. The Ripple Protocol is a distributed open-source protocol with its own currency, called XRP or ripples. Ripple has shifted its focus from crypto-currency to banking market which has kept some American bankers excited.

4. Litecoin

The peer-to-peer internet currency Litecoin is very much like Bitcoin with a fully-decentralized model offering mathematically secured transactions. It is designed by Charles Lee who is now the Director of Engineering at Coinbase. Experiences shared by users reveal that Litecoin offers faster transaction times than Bitcoin. Through his proof-of-work, Charlie Lee studied that Bitcoin network could not handle itself as a transaction network after a certain volume, and believed Litecoin could become the popular alternative.