Dec 31, 2018 00:39 UTC
Dec 31, 2018 at 06:14 UTC
If you have read our article on the best altcoins to invest in 2018, you are already familiar with the tricks of the trade, but for those of you who don’t, altcoins are basically cryptocurrencies that were developed as various alternatives to Bitcoin.
Though they are built along the basic principles of Bitcoins altcoins seek to improve a wide variety of areas are aimed towards various goals.
For example when Bitcoin Cash tries to enhance scalability, Bitcoin Gold aims to create a decentralized cryptocurrency.
Many of these altcoins are basically forks of Bitcoin, developed on its open source code. It can be a difficult task to choose the best altcoins, as there are thousands of options out there.
Best Altcoins to Invest in 2019
Litecoin is one of the oldest altcoins, was created in 2011 by an ex-Google employee, Charlie Lee. Like Bitcoin, Litecoin is also just a digital currency but with certain improvements. Litecoin provides very many developments from that of Bitcoins, especially its remedy of bitcoin’s slow transaction speed.
Like Ethereum, it is fairly easy to purchase Litecoin as it is offered by most of the top cryptocurrency exchanges. You can buy Litecoin from Kraken, Coinbase, Coinmama or Bitsquare.
You May Also Read: A Beginner’s Guide To Litecoin
NEO, which was originally dubbed AntShares, was created in 2014 by Da Hongfei in China. It is the biggest cryptocurrency which has its origins in China. NEO, like Ethereum, is a platform designed for developing decentralized applications (Dapps), Smart contracts and ICOs.
Because of this close resemblance to Ethereum, NEO is often referred to as the “Chinese Ethereum”.
You May Also Read: A Beginner’s Guide to NEO Coin
Cardano, which truly is one of its kinds only offers many technological improvements over Bitcoin but also over Ethereum. While Bitcoin is just a digital currency, Cardano is a dApp-building platform with its own native currency — ADA.
Cardano solves three of the most pressing issues faced by 1st and 2nd generation blockchain projects — scalability, interoperability, and sustainability.
Cardano also aims to address the problems of foreign transfer, which otherwise often take a lot of time and money. It is focussed on taking down the transaction time of international payments from a few days to a few seconds.
You May Also Read: A Beginner’s Guide to Cardano
EOS, a relatively new altcoin this whose house Initial Coin Offering (ICO) was launched in June 2017.
EOS was created by Dan Larimer, who has also been credited for founding cryptocurrency exchange Bitshares and blockchain-based blogging site Steemit. EOS, also provides a platform for developers to build decentralized applications. Its technology differs, though, as we’ll soon see.
You May Also Read: A Beginner’s Guide to EOS Cryptocurrency
Dash is a digital currency launched in 2014 by Evan Duffield. At the time of launch, it was called Xcoin and was the then renamed to Darkcoin. It was in 2015 that it was finally rebranded to Dash.
Dash has been forked from Litecoin, which is itself built on Bitcoin’s technology. Dash has gained popularity because it offers significant advantages over Bitcoin.
You May Also Read: A Beginner’s Guide to DASH
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