Other Alt Currencies

Aside from Bitcoin (BTC), other alt-currencies that have taken the world by storm are:

Ethereum (ETH)

Ethereum is a cryptocurrency developed and headed by Vitalik Buterin, a baby-faced 23 year old Russian programmer. In very little time Ethereum shot up to $40/$50 USD this past March amid concerns/fears of Bitcoin about to undergo a hard fork, the Winklevoss Twins not getting the SEC to approve Bitcoin as a currency in the United States, and internal squabbling. As of this writing one Ether is over $775 USD.

What’s interesting about Ethereum is that it aims to create intelligent, conditional transactions based on “if/then,” which Bitcoin currently lacks.

Litecoin (LTC)

Litecoin was created with the sole purpose of being a more affordable alternative to Bitcoin. As the website states, “Litecoin is a proven medium of commerce complementary to Bitcoin.”

Monero (XMR)

Monero is another cryptocurrency that benefitted a tremendous deal from Bitcoin’s drop in March, and as of this writing one Monero is over $375.

Dash (DASH)

Dash is another cryptocurrency, though promises faster transactions. Dash has gone up, crashed and then gone back up again. It’s now worth over $100 a Dash as of this post.

Ripple

Ripple “is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple,” a computer software company. At $1.14 a coin now, it doesn’t look so impressive, though bear in mind that Ripple was between 1 and 2 cents until this past year. Famously having tons of coins, Ripple has the third highest market cap, behind Bitcoin and Ethereum.

Neo

Neo is touted as the Ethereum of China. With a country of 1.7 Billion people and a restrictive government, there’s much promise for this cryptocurrency to take hold over at least 1/7th of the world’s population. Very promising.

Golem

Golem is a computer with the intent to use other peer-to-peer user computer processing power to fuel its’ own computer in exchange of Golem coins. This Polish-run project is still in development but is exciting considering how powerful computers have become.

Substratum

Substratum is a decentralized web network which plans to eliminate for the need of a VPN. Users in places where internet access is government-restricted but with some form of internet access can run a simple program on a computer device to allow all programs (including browsers) to access an unfiltered internet. This isn’t limited to places like China: with net neutrality about to take over the US and Canada, substratum can be used to bypass that as well.

For a full list of cryptocurrencies and what their values are, check out coinmarketcap.com.

Beware of Fly-by-Nights

However, beware of cryptocurrencies that are fly-by-night. Take the case of the Kanye West coin, for example.