While bitcoin has always been the trendsetter in the world of cryptocurrencies, there have been few of the cryptocurrencies like Ducatus coin that have made their own space with some unbelievable growth over the past few years.
Speaking of the term ‘ cryptocurrency’ the whole purpose for creating them was to make a virtual currency that was away from the strict government regulations and control. It is something that can be controlled over without one having to visit the bank or financial institution personally.
Over the past few years, there have been certain cryptocurrencies like Ducatus coin or Ducatus cryptocurrency, that have further allowed people to make other transactions like buying groceries, accessories, having coffee, and so on. That said, let's take a look at the most trending cryptocurrencies other than bitcoin.
1.Ethereum
If there’s one cryptocurrency that has come up as the best alternative to bitcoin, it has to be Ethereum. It is decentralized software that facilitates smart contracts and decentralized applications to be run and built without any kind of fraud, downtime, or any interference from the third party.
All the applications on Ethereum run on its platform bound cryptographic token that is named Ether. Launched in the year 2015, it currently stands as the second-largest digital currency in terms of the market cap after the Bitcoin.
2.Ripple
One of the biggest reasons behind the increasing popularity of Ripple was that it enables the banks to settle the cross-border payments in real-time with really low rates. Launched in the year 2012, ‘Ripple’ acts as a global settlement network that provides instant international payment at really low costs.
There is no mining involved in Ripple and all the Ripple XRP tokens are pre-minded and managed according to the guidelines of the network in the market. As Ripple’s mechanism doesn’t require mining,it eliminates the requirement of computing power and other sources like in the case of Bitcoin.
3.Litecoin
Launched in the year 2011, Litecoin made its space as the second-best cryptocurrency after the Bitcoin and often bene termed as ‘ silver to Bitcoin’s gold’.The cryptocurrency is based on the open-source global payment network that is beyond the control of any third party institution.
Even though it throws certain similarity to Bitcoin in many aspects, it comes with a faster block generation rate and faster transaction confirmation time.
4.Tether
‘Tether’ used to be a part of one of the most popular’ Stable coins’ that were created with a purpose to match the physical currencies or other volatile legal tenders. Launched in the year 2014, Tether is a blockchain-enabled platform that is carefully designed to support the usage of fiat currencies in a digital manner.
5.Ducatus coin
Within the first 4 years of its launch, Ducatus coin has attained some tremendous growth in terms of its value and a global network of investors. While it functions upon the highly secured blockchain system, Ducatsu cryptocurrency also allows its users to shop online for their favorite stuff like groceries, wardrobe accessories, and so on.