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The most important new digital currency alternative to Bitcoin


The cryptocurrency is a virtual or digital money, while some cryptocurrencies entered the physical world with credit cards or other projects, the vast majority of them are still completely intangible, and the term “cryptography” in cryptocurrencies refers to the complex encryption that allows creating By processing digital currencies and their transactions via decentralized systems, cryptocurrencies are always designed to be free from manipulation and government control, although they are becoming more and more popular, and they are modeled on Bitcoin collectively called altcoins and have often attempted to present themselves as modified or enhanced versions of Bitcoin.


The most important new digital currency:

Ethereum digital currency:

 It is the first alternative to Bitcoin and it is a decentralized software platform that enables the creation and operation of smart contracts and decentralized applications without any interruption, fraud, control or interference from a third party, and it is currently considered the second largest digital abuse in terms of Ethereum, and it is the second largest in terms of Market Cap After Bitcoin, As of January 2020, Ethereum's market cap is around 1/10 the size of Bitcoin.


Ripple digital coin:

It is a global real-time settlement network that offers instant, predictable and low-cost international payments. Ripple was launched in 2012, so far, Ripple has been successful with its current business model; It remains one of the most enticing digital currencies among traditional financial institutions looking for ways to revolutionize cross-border payments, and it is also the third largest cryptocurrency in the world by total market capitalization.



Litecoin digital currency:

Where Litecoin was launched in 2011, when it was among the first cryptocurrencies to follow in the footsteps of Bitcoin, it was created by Charlie Lee, a graduate of MIT and a former engineer at Google. Litecoin is based on a global, open-source payment network and is not controlled by Litecoin. Any central authority, Litecoin is similar to Bitcoin in many ways.


Libra digital currency:

It is considered one of the most popular cryptocurrencies, as of January 2020, it has not yet been launched, but by mid-2018, rumors spread that Facebook was developing its own digital currency and due to Facebook's amazing global reach and the possibility of massive amounts of exchange across its platform, The cryptocurrency scientist had long speculated that Facebook might release its own digital token. The rumors were officially confirmed on June 18, 2019, when Facebook released its Libra coin.


Monero digital currency:

It is considered a safe, private and untraceable currency, this open source cryptocurrency was launched in April 2014 and quickly aroused great interest among the crypto community.



EOS digital currency:

Apart from his work Libra, EOS is one of the latest digital currencies to be included in our list and EOS was launched in June of 2018, and it was created by pioneer Larimer and before his work on EOS, Larimer founded the digital currency exchange Bitshares in addition to The blockchain-based social media platform Steemit and EOS are built after Ethereum, so it provides a platform through which developers can build decentralized applications, however, EOS is noteworthy for several other reasons.


Bitcoin SV:

It is a crossroads for the original Bitcoin network, the planned update of the network for November of 2018 led to a protracted debate between the mining factions, which led to the creation of BSV, and Bitcoin SV developers suggest that this cryptocurrency returns the original protocol of Bitcoin developer Satoshi with the suite with new developments to increase Stability and allowing scalability, nakamot, Bitcoin SV developers also prioritize security and fast transaction processing times.


    Coin:

Binance was founded in 2017 and quickly rose to become the largest exchange of its kind in the world in terms of total trading volume. The Binance Coin token allows Binance users to efficiently trade in dozens of different cryptocurrencies on the Binance platform, and BNB is also used to facilitate exchange transaction fees and can also be used. To pay for certain goods and services, including travel fees and more.

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