Top 5 cryptocurrencies other than Bitcoin that are ruling the crypto world

 

While bitcoin has always been the trendsetter in cryptocurrencies, few of the cryptocurrencies like Ducatus coin have made their own space with some incredible growth over the past few years.

 

Speaking of the term ‘ cryptocurrency’ the whole purpose for creating them was to make a virtual currency that was away from the strict government regulations and control. It can be controlled over without one having to visit the bank or financial institution personally.

 

Over the past few years, there have been certain cryptocurrency cheap coins like Ducatus coin or Ducatus cryptocurrency, that have further allowed people to make other transactions like buying groceries, accessories, having coffee, and so on. That said, let's take a look at the most trending cryptocurrencies other than bitcoin.

 

1.Ethereum

 

If there’s one cryptocurrency that has come up as the best alternative to bitcoin, it has to be Ethereum. It is a decentralized software that facilitates smart contracts and decentralized applications to be run and built without any fraud, downtime, or interference from the third party.

All the applications on Ethereum run on its platform bound cryptographic token that is named Ether. Launched in the year 2015, it currently stands as the second-largest digital currency in terms of the market cap after the Bitcoin.

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2.Ripple

 

One of Ripple's biggest reasons for being one of the best cheap cryptocurrency to invest in 2020 was that it enables the banks to settle the cross-border payments in real-time with meager rates. Launched in 2012, ‘Ripple’ acts as a global settlement network that provides instant international payment at really low costs.

 

There is no mining involved in Ripple and all the Ripple XRP tokens are pre-mined and managed according to the network's guidelines in the market. As Ripple’s mechanism doesn’t require mining, it eliminates the requirement of computing power and other sources like in the case of other cheap crypto coins.

 

3.Litecoin

 

Launched in the year 2011, Litecoin made its space as the second-best cryptocurrency after the Bitcoin and often bene termed as ‘ silver to Bitcoin’s gold’.The cryptocurrency is based on the open-source global payment network that is beyond the control of any third party institution.

 

Even though it throws certain similarity to Bitcoin in many aspects, it comes with a faster block generation rate and faster transaction confirmation time.

 

4.Tether

 

‘Tether’ used to be a part of one of the most popular’ Stable coins’ that were created with a purpose to match the physical currencies or other volatile legal tenders. Launched in the year 2014, Tether is a blockchain-enabled platform that is carefully designed to support the usage of fiat currencies digitally.

 

5. Ducatus coin

 

Within the first 4 years of its launch, Ducatus coin has attained tremendous growth in terms of its value and a global network of investors. While it functions upon the highly secured blockchain system, Ducatsu cryptocurrency also allows its users to shop online for their favorite stuff like groceries, wardrobe accessories, etc.