While
Bitcoin was one of the first currencies to hit the global network, it certainly
isn’t the only one. Most of the digital currencies out there use some of the
code found in Bitcoin, and nearly all of them use the blockchain. It’s simply
too good of an invention not to take advantage of. But each currency has
something unique to offer to its users. Some try to focus on even greater
security, while others prioritize transfer speeds. No matter what your priorities
are, we are certain there is a cryptocurrency out there for you. Let’s take a
look at some of the major
cryptocurrency out there and see what they
have to offer.
This cryptocurrency is one of the first ones to hit the market
after the launch of Bitcoin. Technically, it is nearly identical to Bitcoin,
but with one major difference. Instead of using SHA-256d as its hash algorithm,
Litecoin uses Scrypt, created by Colin Percival and designed to make it
extremely expensive to initiate large scale hardware attacks because of the
amount of memory that is needed to decrypt a single key. Litecoin was released
in 2011 and was founded by Charles Lee.
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