Altcoiner
Bitcoin is the first and most well-known cryptocurrency, but it is not the only one. Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin was the first cryptocurrency, but there are now many different types, including Litecoin, Ripple, and Ethereum.
Bitcoin is the original cryptocurrency and still the most popular. It was created in 2009 by an anonymous person or group of people known as Satoshi Nakamoto. Bitcoin is a digital asset and a payment system, and its underlying technology is blockchain. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Litecoin is a cryptocurrency that was created in 2011 by Charlie Lee. This altcoin is based on the Bitcoin protocol but differs in terms of the hashing algorithm used, the average number of coins created per block, and the size of the blocks. Litecoin is also intended to be used as a medium of exchange.
Ripple is a real-time gross settlement system, currency exchange, and remittance network. It was created in 2012 by Ryan Fugger, Chris Larsen, and Jed McCaleb. Ripple uses a consensus ledger to allow for secure, instant, and low-cost international payments.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum was created in 2015 by Vitalik Buterin. Ethereum is unique in that it uses a Turing-complete programming language to allow for more complex applications.
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