Investing in the cryptocurrency market space is frequently complex especially for the traditional investors. Simply because investing directly in Cryptocurrency requires the utilization of new technologies, tools and adopting some new concepts.
If you opt to dip your toes in the CryptoCurrency world, you need to have an obvious picture of what to do and what to expect.
Be it Bitcoin, Litecoin, Ethereum or the 1300 tokens, investing cryptocurrencies need you to choose an Exchange that deals in the merchandise you want.
Being the most famous decentralized cryptocurrency, Bitcoin leads the crypto space so dominantly that the terms crypto and bitcoin are occasionally used interchangeably. However, the matter of fact is there are other cryptocurrencies as well which might be relied upon for making crypto-investments.
Litecoin
Litecoin, also referred to as 'silver to Bitcoin's gold' can be an open-source decentralized payment network that functions without involving an intermediary.
How does Litecoin change from Bitcoin? Well, both are similar in many ways, nevertheless the block generation of Litecoin is much faster than that of Bitcoin. This is making the investors around the globe open to accept Litecoin.
Charlie Lee, a former engineer at Google founded Litecoin in 2011. Though Litecoin doesn't have the anonymity technology of Bitcoin, recent reports have shown that Litecoin is recommended after bitcoin due to its persistence. http://cryptobullsclub.com/ that favours Litecoin is the Bitcoin SegWit technology that means secure peer-to-peer trading of currencies without involving exchange participation.
Ethereum
Launched in the year 2015, Ethereum is a decentralized software platform that enables distributed applications and smart contracts to operate without alternative party interference. The currency is the ether that is as an accelerator within the ethereum platform. In the leading cryptocurrencies space, Ethereum. may be the second most preferred choice after Bitcoin.
Zcash
Zcash gained attention in the latter part of 2016 and focuses on solving the issue of anonymous transactions. To comprehend the currency, let's take it as "if bitcoin is like HTTP for money, Zcash is HTTPS".
The currency offers the choice of the shielded transaction to keep the transparency, privacy and security of transactions. This implies the investors can transfer data in the form of encrypted code.
Dash
Originally referred to as darkcoin, Dash is really a more selective version of bitcoin. It was launched in January 2014 by Evan Duffield with the name Xcoin. Additionally it is referred to as the Decentralized Autonomous Organization or just DAO. The coin was designed to eradicate all of the prevailing limitations of Bitcoin. Currently, Bitcoin has earned a considerable position in the space of cryptocurrencies.
