The World of Cryptocurrencies

Every time you hear the term cryptocurrency the first word that comes to your mind is Bitcoin. Naturally, being the pioneer of Digital currencies globally, Bitcoin has gained massive attention and popularity. However, the crypto-world is has a number of members which often are left out of one's acknowledgement.

Apart from the Leading cryptocurrency - Bitcoin, the other virtual currencies in the global financial market are Altcoins i.e. alternate coins. These digital currencies are inspired from Bitcoin and are usually underpinned by the very efficient Blockchain technology. However, each of them has some unique and unusual features to offer the crytocurrency holders and each come with their own goods and bads.

Let us have a look quick look at the other crytocurrencies that are slowly and steadily emerging as a winner and giving a tough competition to Bitcoin.

1) Litecoin (LTC)

Litecoin was introduced in the crypto-space merely 2 years after Bitcoin in the year 2011. It was founded by Charlie Lee and is often referred to as the 'silver to Bitcoin's gold.'
Litecoin functions on the scrypt algorithm and provides one of the fastest generation rates and transaction speeds. One factor that sets Litecoin apart is that it's overall supply market capitalisation limit is set at 84 millions. The process of mining Litecoins is simple, easy and can be solved sans any particular mining equipment.

3) Ethereum (ETH)

Ethereum was initially released in the crypto-space in the year 2015. Ethereum was co-founded by a Russian-Candian Programmer, Vitalik Buterin in 2013.
Ethereum is an open software platform based on the cutting-edge Block-chain Technology that allows developers to build and utilise decentralised applications.
Ethereum blockchain has exceptional abilities. It allows one to build smart contracts. It is a contract that self-executes and the contract handles the enforcement, the management, performance and payment.
Unlike the other cryptocurrencies, Ethereum permits developers to create whatever operations they want. Simply, it implies that developers can build thousands of different applications that follows way beyond anything we have witnessed previously.

3) Money Trade Coin

Money Trade Coin was introduced in the financial market system September 2017 by the Money Trade Coin Group steered by Dr. Amit Lankhanpal. MT Coin is a virtual currency built on the efficient block-chain technology; offering safe, secure and transparent system to cryptocurrency holders for all their financial transactions.
Money Trade Coin is a unique cryptocurrency that enhances the cross-border money transfer procedure. It transfers encrypted money across borders with SWIFT( wire transfer) and also become Secured Alternate Local Currency . It is a partially pre-mined coin using JavaScript APIs, with the focus of making money transfer a hassle free decentralized process. With MT Coin you can easily transfer pre-mined cryptocurrency to any person.
What sets Money Trade Coin apart is that it offers Know Your Customer (KYC) and Anti Money Laundering services to safeguard all the transaction, thereby providing a high-end transparency.