Bitcoin is a peer to peer decentralized money transfer system which does not rely on a third party to validate or confirm the transactions. Bitcoin was launched by Satoshi Nakamoto in 2008 and since then the price for one bitcoin has moved up. Bitcoin unique proposition led to many companies launching their own bitcoin alternatives. Many investors looking to invest in alternatives to bitcoin as it can give them a good return.
Bitcoin by many investors is considered as a digital open source currency like Gold. Users can make cross border transitions without considering transaction fees. Bitcoin is limited to 21 million which why the price keeps moving up.
Bitcoin by some people is considered to be outdated and does not have the technology to scale it to become an alternative to fiat currency. Bitcoin is limited to 21 million which why the price keeps moving up.
Contents
Bitcoin cash: A bitcoin fork
Transaction fees for transferring Bitcoin were getting very high and that’s when Roger ver and few other crypto enthusiasts decided to fork bitcoin into Bitcoin Cash and Bitcoin SV. Bitcoin cash is used in many places as a point of payment and according to the company bitcoin cash is very reliable to use.
Bitcoin has a block size of 1 MB which can process up to 2 to 7 translation per second while the block size of bitcoin cash is 8Mb which makes it a good alternative to bitcoin. Just like bitcoin, Bitcoin cash uses proof of work to solve the block and mine coins.
Transaction time
1 min to 30 mins
Where to buy Bitcoin Cash?
Bitcoin cash can be purchased at most of the major exchanges like Binance, coinbase, Okex, bittrex and many more.
Price of bitcoin cash
$240 at press time
Market cap of bitcoin cash
$4.4 billion at press time
Website
Key people
My Review on Bitcoin cash
If you are looking for a bitcoin alternative which is not as valuable as bitcoin then bitcoin cash is good. But I would definitely recommend Bitcoin as its value has been growing at a very fast pace.
People from all around the world are looking for bitcoin as an alternatives source of investment. If you are looking for a blockchain-based cryptocurrency the bitcoin cash is very similar to bitcoin.
Ethereum: A smart contract
Ethereum is an open-sourced cryptocurrency where users can not only use it as a source of payment but also can create smart contracts over it. Vitalik Buterin and Gavin Wood founded ethereum to make more uses of blockchain to create decentralized application (dapps)
With the ethereum blockchain, users can create their own smart contacts and create cryptocurrencies.
Ethereum is one of the best bitcoin alternatives with features and uses that are better than bitcoin. Bitcoin is used as only as payment and store of value but Ethereum has many use cases.
The team behind ethereum is constantly working on developing the product which makes it a better alternative to bitcoin.
Transaction time of Ethereum
5 seconds to 15 mins
Where to buy Ethereum?
Ethereum can be purchased in most of the exchanges all over the world so you don’t have to worry about buying and selling ethereum. Decentralised exchanges like local bitcoin and bisq exchange make is a perfect as it has a list if digital currency Make sure its legal to purchase cryptocurrency in your country.
Price of Ethereum
$236 at press time
Market cap of Ethereum
$26 billion at press time
Website
Key people
Vitalik Buterin and Gavin Wood
My review on Ethereum
Ethereum is one of the best bitcoin alternatives which can be used to build smart contracts. Users can create decentralized applications on the Ethereum blockchain. Ethereum blockchain takes the bitcoin blockchain to the next level. Ethereum is one of the best cryptocurrencies for building smart contracts and creating new digital currencies.
Bitcoin SV: A bitcoin fork
Bitcoin SV was created after Bitcoin was hard forked. Bitcoin was hard forked in 2017 and Bitcoin cash and bitcoin SV was created to become a better alternative to bitcoin. Bitcoin SV has been built to reduce transaction time and make it more practical to replace fiat currency.
Bitcoin SV can be used as a payment method and could be a good alternative to bitcoin as the translation time would be quicker.
Transaction time
1 min to 30 mins
Where to buy Bitcoin SV?
Most of the exchanges like binance and Okex have listed Bitcoin SV so you don’t have to worry about buying and selling Bitcoin SV. Many exchanges have also listed for fiat trading so trading becomes easier.
Price of Bitcoin SV
$171 at press time
Market cap of Bitcoin SV
$3.15 billion at press time
Website
www.bitcoinsv.com
My Review on Bitcoin SV
Bitcoin SV almost simpler to Bitcoin cash you if you are looking to buy bitcoin cash then Bitcoin SV is a good alternative to bitcoin cash. The price of bitcoin cash has been volatile just like every other cryptocurrency.
Litecoin
Litecoin is one of the oldest cryptocurrency in the list after bitcoin. Litecoin the bitcoin alternative and altcoin was stared in 2011. Litecoin processes a block every 2.5 mins and translation time is very fast.
After adopting the lightning network users can transfer litecoins in one second making it one of the fastest in this list of best bitcoin alternatives.
The price of litecoin has not been very volatile like other cryptocurrencies. Litecoin was also created after bitcoin was forked.
Transaction time
1 second to 10 seconds
Where to buy Litecoin?
Most of the exchanges have listed litecoin for buying and selling in fiat currency. Many exchanges also use litecoin for trading. If you are looking to buy cryptocurrency then you dont need to worry BitMEX is loaded with features where you can buy, sell and trade litecoin and other cryptocurrency
Price of litecoin
$42.67 at press time
Market cap of litecoin
$2.7 billion at press time
Website
www.litecoin.org
My Review on Litecoin
Litecoin is one of the oldest alternatives to bitcoin from this list and since its inception, the price of litecoin has moved up in value to even touch the $300 mark.
Tron
Tron was built on the ethereum blockchain in 2017 and moved to its own peer to peer blockchain in 2018. The company raised $70 million from its IPO in 2017.
Torn can perform over 2000 seconds making it one of the fastest in this list of best bitcoin alternatives. Justin Sun is the founder of Tron and currently has a market cap of $1.04 billion.
Tron also purchased the popular free movie download site BitTorrent in 2019 and since its foundation, Tron is known to have purchased many companies.
Transaction time
1 to 10 seconds
Where to buy Tron?
Tron is a very popular cryptocurrency and is available for trading in fiat and other cryptocurrencies.
Price of Tron
$0.00015 at press time
Market cap of Tron
$1.04 billion at press time
Website
www.tron.network
Key people
Justin Sun
My Review on Tron
Tron is a very popular cryptocurrency but I would choose other cryptocurrencies in this list if I’m looking for an alternative to bitcoin in terms of investment. Torn is very popular for cross border transactions. The translation time for Tron is very quick as is has its own proof of work blockchain network
Ripple XRP
Ripple is mainly used for cross border payment and has tied up with over 100 banks from all over the world to make crypto payments easy to use. Ripple is not like the other digital currencies in this list but one of the best alternatives to bitcoin in terms of investment.
Many cryptocurrency enthusiasts have argued that Ripple is not a decentralized cryptocurrency like bitcoin. Ripple is a good alternative to SWIFT which is a payment processer for fiat currency for international transactions.
Transaction time
2 seconds to 30 seconds
Where to buy ripple?
All of the major cryptocurrency exchanges and list Ripple for trading and fiat exchange since its been there since 2012. I would recommend exchanges like coin base, Binance, Bitmex, Okex for buying selling and trading ripple.
Price of Ripple
$0.29 at press time
Marketcap of Ripple
$13.3 billion at press time
Website
Key People
Arthur Britto, David Schwartz, Ryan Fugger
My review on Ripple XRP
If You are looking for blockchain-enabled payment platform for international payment then ripple is a good choice as it has tied up with several banks. If you are looking for anonymous payment of cryptocurrency the bitcoin, bitcoin cash, and ethereum are a perfect choice.
EOS
EOS is a digital currency that claims to not have any translation fees which can be a good chunk on the money. Bitcoin transaction fees are determined by the miners. EOS also claims to process millions of transactions per second which is more than any other digital currency listed on this list.
EOS white paper was first released in 2017 and in 2018 it received massive investment during its ICO and has been on the top 10 list in coinmarketcap for a long time
Transaction time
Few seconds
Where to buy EOS?
Most of the top exchanges have supported EOS for fiat transactions as well as crypto to crypto transactions. If you have invested in EOS then there are many exchanges that would help you sell them.
Price of EOS
$3.1 at press time
Market cap of EOS
$2.8 billion
Website
www.eos.io
Key People
Brendan Blumer and Dan Larimer
My Review on EOS
If you are looking to save money on transaction fees the EOS is has built a good blockchain smart contract to eliminate fees. As an investment point of view, it not as good as Bitcoin or Ethereum.
Final words
In this article of cryptocurrencies like bitcoin which are blockchain-based I would definitely go with Ethereum eth as an investment choice. Enterrum has well-known features and which makes it to the top in the cryptocurrencies list. Etheruem is also open source which is another feature I love to use.
