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First 10 Cryptocurrencies which were launched after Bitcoin.

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Some of the unheard cryptocurrencies launched after Bitcoin.

 

  • Blockchain Technology

Blockchain Technology is undoubtedly revolutionizing the financial world along with other prominent sectors. It’s distributed nature has invested acquired security through its consensus algorithm. The transparency provided by the Blockchain Technology is unmatchable.

 

  • Bitcoin

It is like a feather on the cap of Bitcoin, to be the first cryptocurrency which implemented the Blockchain Technology for its working. The Blockchain Technology got the People’s attention throughout the world due to the in capabilities of the centralized financial authorities and governments, in addition to the disregards and anger that the people had towards them. Bitcoin is the most prominent form of cryptocurrency which is dominating the cryptocurrency market even today but it has some inherent drawbacks with just cannot be overcome. This is the reason why a number of other cryptocurrencies were subsequently developed as the researchers and scientists understood the potential of the Blockchain Technology.

 

Below are some of the cryptocurrencies launched after Bitcoin with aim of filling the gap that Bitcoins had created.

 

1. Litecoin

Founded by a former Google employee, Charlie Lee, in October 2011, Litecoin was originally designed to decrease the transaction time from 10 mins to 2.5 mins. It incorporated the scrypt hashing algorithm rather than the SHA-256. The cryptocurrency coin reached 1 billion market capitalization in November 2013. It is one of the first cryptocurrencies launched after bitcoin.

 

2. Namecoin

Inspired by a discussion on Bitcointalk regarding the BitDNS system, Namecoin was introduced by Vincent Durham in April 2011. The Blockchain was capable of storing information apart from the transactional details. Keeping the Scalability issue in mind with such huge amounts of information on a block, a parallel concept was also proposed simultaneously. The coin was unable to gain popularity among the masses with its concept.  It is one of the first ten cryptocurrencies launched after bitcoin.

 

3. SwiftCoin

The first proprietary cryptocurrency was developed by Daniel Bruno team in 2011. Even it incorporates the proof of work and Blockchain concept. The cryptocurrency allows for a dynamic circulation which keeps the volatility under check. It is worth mentioning that the blockchain of this particular cryptocurrency is not public. It is one of the first ten cryptocurrencies launched after bitcoin.

 

4. Bytecoin

Intended to provide an anonymous cash settlement and privacy, Bytecoin incorporates the Cryptonote algorithm. It allows for instantaneous payments throughout the world where the transactions take about 2 minutes for verification on an average. The transactional enormity is maintained through the obfuscation of the transaction. Bytecoin is one of the first ten cryptocurrencies launched after bitcoin.

 

5. Peercoin

The first cryptocurrency to incorporate both Proofs of Work, as well as Proof of Stake algorithm, doesn’t have a limited market capitalization but the inflation rate is constant which is set at 1% per year. Peercoin is one of the first ten cryptocurrencies launched after bitcoin. Inspired by the concept of Bitcoin, its white paper was released in August 2012, with the authors being Scott Nadal and Sunny King. Its transaction volume is self-regulated as the transaction fees which is obtained is destroyed by the system automatically. 

 

6. Dogecoin

Casually introduced in December 2013, Dogecoin based on the famous internet Meme, featuring Shiba Inu, experience an unexpected mainstream adoption and reached a market capitalization of $16 million by January 2016. The market capitalization was earlier set at 100 billion, but later the founder Jackson Palmer decided to set an unlimited market capitalization. Dogecoin was made to show coins as a joke and is one of the first ten cryptocurrencies launched after bitcoin.

 

7. Feathercoin

In April 2014, a successful Litecoin fork was initiated resulting in the creation of the genesis block of Feathercoin. The community is based in the crypto valley Zug, Switzerland attained a lot of hikes, yet couldn’t gain mainstream adoption. Its algorithm led to a 25% increase in the mining difficulty relative to Bitcoin. Feathercoin is one of the first ten cryptocurrencies launched after bitcoin.

 

8. Gridcoin

The environmental friendly coin aimed at replacing the computations for the creation of Bitcoin, with the same computations done on the Berkeley Open Infrastructure for Network Computing for scientific breakthroughs and rewarding them with Gridcoins. This is known as proof of Research Paradigm. Gridcoin is one of the first ten cryptocurrencies launched after bitcoin.

 

9. Primecoin

Using a unique proof of work concept which searches for a chain of prime numbers. The total supply of the coin is dynamic and is proportional to its adoption by the community members. Primecoin is one of the first ten cryptocurrencies launched after bitcoin.

 

10. Ripple

Ripple, the most popular payment protocol was introduced back in 2013. It provides for a real-time gross settlement system which is effectively being applied by some of the most prominent Centralised financial institutions around the world. It is one of the top cryptocurrencies launched after bitcoin. The protocol is inherently designed to tackle the scalability issues and can confirm 1500 transactions per second and is also eligible to reach up to 50,000 transactions per second which are the same limit as the Visa. Also, a transaction cost of 0.00001 XRP makes it one of the most reliable cryptocurrencies. 

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Altcoins

Best Tools to track Cryptocurrency Markets: CryptoCompare, CoinMarketApp, CoinGecko

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There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these.

The cryptocurrency market includes the prices and market capitalizations of different Cryptocurrencies like Bitcoin, Ethereum, Stellar and many others. Currently, there are thousands of cryptocurrencies, markets are 16084 and market capitalization is about $124,123,711,224.

 

There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these:

 

CryptoCompare.com

Known for its high-end API and real-time tick data, CryptoCompare has been serving the cryptocurrency space from 2014.

Founders: Charles Hayter & Vlad Cealicu

CryptoCompare shows real-time data for more than 5300 Coins and 240k trading pairs, enough for an entire overview of the market. Users can see live Order books, historical data, reports, social data and reviews on all cryptocurrencies. The website is very easy to use and is free for everyone.

 

CoinGecko.com

We love CoinGecko because it focuses on tracking community growth, events hosted by teams and open-source code development apart from the usual price tracking, market capitalization and volume traded. It was also founded in 2014.

Founders: TM Lee, Bobby Ong & others

CoinGecko’s team is very dynamic and is very active on social media like Twitter, Telegram & Facebook. They cover more than 260 exchanges with live data and have more than 3300 cryptocurrencies. They are free for everyone to use.

 

CoinMarketApp (Mobile Application)

When it comes to easily track the live prices and your portfolio on your mobile, CoinMarketApp is the preferred choice for most. With live alerts on more than 1400 Cryptocurrencies, the app saves your time and alerts you on every move.

Download on Android

Download on iOS

Apart from cryptocurrency prices, the app lets you manage your portfolio, mining pools, new contracts and the latest news from the crypto industry.

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Altcoins

Cryptocurrency Market Updates: Bitcoin May fall further

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The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400.

The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400. Yesterday the price of bitcoin fell up to $4190. Ethereum is still trading at a year and a half low of $125. Apart from ethereum, most altcoins are showing small corrections. Bitcoin Cash moved 3% upwards while Monero has moved 4% upwards in the last 24 hours. Bitcoin Gold and Bitcoin Diamond have had good gains for the day with 8% and 16% rise. IOTA is trading at around $0.32 which shows a 6% improvement from yesterday’s price. NEO is up by 5%. However, the small gains are nothing in front of the massive downtrend these altcoins went through in the past couple of days.

 

Cryptocurrency Market Capitalization Improved

The total cryptocurrency market cap yesterday came down up to $136 billion which was the lowest of 2018. In the last 24 hours, cryptocurrency market has managed to add $4 billion in the market capitalization adding to $140 billion. Over the last week, the cryptocurrency market had lost over $40 billion and over the last month, around $70 billion have been erased from the cryptocurrency market capitalization which is yet to be recovered.

 

Bearish predictions for bitcoin

While the market cap is trying to recover the price predictions for bitcoin still remain bearish as many cryptocurrency analysts have predicted that the only support after the current significant support of $4000 is at $3000. So if the price drops below $4000, it will definitely reach down to $3000 after which the price is expected to recover.

 

The overall situation of the market is still harsh as there is no major recovery from the massive losses that occurred in the past few days. What do you think about the bitcoin predictions being made by crypto analysts? Tell us in the comments section below.

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#Bitcoin

Bitcoin Cash Hard fork screwed the whole cryptocurrency market

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Whole cryptocurrency market is suffering because of the continues wars going on between ABC and SV which has created a bad reputation of the crypto space.

The original Bitcoin Cash split into Bitcoin ABC and Bitcoin SV during the hard fork but no one is sure to weather BCHSV or BCHABC will survive in the market as the hash wars still continue. The hard fork has lead to an uncertain future of Bitcoin Cash and also screwed the whole cryptocurrency market. The Price of both the new coins is on a continues decrease where Bitcoin Cash ABC values at around $226 and Bitcoin Cash SV values at around $76.

 

Cryptocurrency Market Crash

The whole cryptocurrency market is suffering because of the continues wars going on between the two teams which have created a bad reputation of the crypto space to the newbies. At this time when more and more institutional investors were entering into the cryptocurrency space, the hard fork has created a feeling of Fear, Uncertainty and Doubt amongst them.

 

BTCUSD yearly chart

BTCUSD yearly chart

 

As the hard fork started, the entire cryptocurrency market faced a downfall where all major cryptos are on a 6 month low with bitcoin trading around $5200 that is a yearly low for the most dominant cryptocurrency. The decline is the price has created fear in the minds of investors who are now talking about capitulation.

 

Should Craig Wright be blamed?

Craig Wright who claims to be the real Satoshi Nakamoto and the founder of the original bitcoin has been funding his side of the war using BTC. Cryptocurrency enthusiasts around the world are criticizing Craig Wright and also calling him a lier.

 

 

The local media’s role

The real reason behind the rise of cryptocurrency and blockchain was the mass adoption by people who heard about it through local media. At that time, the local media described bitcoin and other cryptocurrencies as the future of money explaining the decentralized nature of such currencies, but now due to the wars within the cryptocurrency ecosystem, the local media has started to criticize cryptos and people have started to lose faith in the crypto market.

If the amount of money being used in such hash wars would have instead been used for the development of the crypto ecosystem with advancements such as lightning network, the market could still be flourishing rather than being on the verge of getting sunk.

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