Top Altcoin's Uniqueness: Difference to Bitcoin

[Kyoshiro]

Ethereum
Bitcoin is just a digital currency, but Ethereum has more to offer in addition to that. Ethereum provides a platform to the developer on which they can build blockchain-based smart contracts and decentralized apps. Ethereum was the first cryptocurrency to introduce smart contracts, which are now considered as the next big thing.Ethereum is also the most preferred platform for launching Initial Coin Offerings (ICOs).

Litecoin
Litecoin has made considerable improvement in Bitcoin’s technology to increase the speed of transactions. The reason that it is called Litecoin is because it is 4 times faster than Bitcoin. A Bitcoin transaction takes about 10 minutes to complete but a Litecoin transaction is completed in 2.5 minutes. This makes Litecoin more scalable than Bitcoin as it can complete more transactions per second. Litecoin has been built on Bitcoin’s technology itself and is considered as the closest rival of Bitcoin. More so because both of them serve the same purpose: offering an alternative to fiat currencies like USD, EUR, CAD etc.

NEO
Like Ethereum, NEO also offers a platform for the development of smart contracts and Dapps. On the other hand, Bitcoin is just a digital currency which offers no such platform. NEO offers many technological advantages over Ethereum. NEO can handle about 10,000 transactions per second whereas the Ethereum blockchain currently supports around 15 transactions per second.

Cardano
Cardano not only offers many technological improvements over Bitcoin but also over Ethereum. While Bitcoin is just a digital currency, Cardano is a dapp-building platform with its own native currency — ADA. Cardano has been designed to solve three of the most pressing issues faced by 1st and 2nd generation blockchain projects — scalability, interoperability and sustainability. Not only that, Cardano also aims to address problems of international payment transfer, which often take a lot of time and money. It is focussed on taking down the transaction time of international payments from a few days to a few seconds.

EOS
Bitcoin is just a digital currency whereas EOS is both a digital currency and a blockchain platform for DApps and smart contracts. So, it would be more appropriate to compare EOS with Ethereum. EOS will use a mechanism called Delegated Proof-of-Stake (DPoS) against Ethereum’s Proof-of-Work (PoW). This makes EOS much more scalable than Ethereum. Another advantage that EOS has over Ethereum is its compatible programming languages. Ethereum only supports one language, called ‘Solidity’, whereas EOS supports multiple languages, including C++. This is a very attractive feature if you are developer.

Dash
Dash has made significant improvements in the technology and offers better privacy and a higher transaction speed than Bitcoin. Unlike Bitcoin in which the public address of sender and receiver is known to the whole world, Dash keeps the addresses hidden. So, Dash’s transactions cannot be traced back to origin, while Bitcoin transactions are traceable. Dash also has a unique self-funding mechanism wherein 10% of all the mining reward goes back to the Dash. This fund is used to further improve and grow Dash.

References:
https://bitdegree.org

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Indeed, all Altcoins have some uniqueness and their own characteristics. And Altcoins are indeed very different from Bitcoin today. I think all the coins in Altcoin are still low, but there are big hopes from them like ETH, Litecoin and others to be able to surpass the current Bitcoin.

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Altcoin is a coin that perfects the bitcoin deficiency. There are many altcoins that are unique and have good performance so that they have the potential to fight bitcoin someday.

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Very good difference, bro. A good explanation from you bro about the difference between Coins in Altcoin and Bitcoin at the moment bro. I think if many users read this they will find a good Reference to choose which coin they are worth investing in.