Bitcoin has not only been a trendsetter, ushering in a wave of cryptocurrencies built on a decentralized peer network—it has also become the de facto standard for cryptocurrencies, inspiring an ever-growing legion of followers and spinoffs.
Because it isn’t the only cryptocurrency available, looking into others and finding out which ones besides Bitcoin are doing well is essential. Here are some alternative cryptocurrencies that have held on throughout the steep price climbs and nosedives.
Key Takeaways
- Bitcoin continues to lead the pack of cryptocurrencies in terms of market capitalization, user base, and popularity.
- Other virtual currencies, such as Ethereum, are helping to create decentralized financial (DeFi) systems.
- Some altcoins have been endorsed as having newer features than Bitcoin, such as the ability to handle more transactions per second or use different consensus algorithms.
What Are Cryptocurrencies?
Before…
