Increase in an alternative cryptocurrency: discovery of the creator
While the cryptocurrency market continues to grow and develop, a new wave of alternative cryptocurrencies has emerged, challenging the domain of bitcoin in popularity. While some of these new arrivals may have similarities with their predecessors, others have unique characteristics that distinguish them. In this article, we will go to the world of alternative cryptocurrencies and discover the creators behind some of the most important.
Bitcoin and beyond: an increase in alternative cryptocurrencies
To understand why alternative cryptocurrencies are getting a traction, it is important to study the factors that guide them. Some of these alternatives aim to improve bitcoin restrictions, such as scalability problems or energy consumption. Others are trying to create new uses, attract a wider users’ base or even use in some markets.
Creators about alternative cryptocurrencies
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Feathercoin (FTC) : the June condominium and Kenji Takahashi began in 2012, FTC is one of the oldest alternative cryptocurrencies. Its unique feature is the double axis model available for couples of BTC/USDT and LTC/USDT trading couples.
2 Use a new unanimous algorithm called proof of the ability.
3
Star (XLM) : start date of 2014, Star is an open source, a common accounting technology designed to reduce the costs and speeds of international transactions. His native XLM cryptocurrency has gained considerable traction in recent years.
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What’s behind the scenes?
While some alternative cryptocurrencies have attracted widespread attention, only a few have attracted the same interest as others. However, we can identify some prominent players:
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Anoncoin (AAON) : the Anoncoin team founded in 2016, this cryptocurrency focuses on the creation of a decentralized and open source platform for safe transactions and peer -to -per.
- Zcash (Zec) : in 2014, the purpose of this private individual was launched by Zcash Labs, without authorization for cryptocurrency aims to guarantee faster transaction times and reduce energy consumption compared to traditional cryptocurrencies.
3
Monero (XMR) : start of 2014, Monero is a private cryptocurrency and open source for safe online transactions.
Conclusion
While the market continues to develop, it is clear that alternative cryptocurrencies are gaining traction. Although some may have similarities with their predecessors, others offer unique characteristics and advantages. To be successful in this space, creators must be prepared to experiment, introduce innovations and adapt to the changing market conditions. While we continue to see new alternatives, one thing is safe: the cryptocurrency panorama will only become more diversified and exciting.
sources:
- Bitcoin.org
- Ethereum.org
- Codessk.com
- Cryptoslate.com
Note: This article is only for information purposes and should not be considered as investment advice. Always do your searches before making any investment decision and consult a financial consultant.
