3 Must Have Cryptocurrencies Beside Bitcoin

1. Litecoin

As you know, Litecoin is a cryptocurrency that emerged as a fork of Bitcoin. This currency got very popular in a very short time and impressed investors who tried to diversify their currency portfolio. Because of its advantages, Litecoin is able to generate a block in less than 3 minutes and make a faster transaction compared to Bitcoin. This is very important for the miners because they use hardware to mine on the Bitcoin network so it is very hard to switch to Litecoin. This is good because there won’t be large groups forming and mining Litecoin so it will be easier to keep Litecoin decentralized.

2. Ripple

Ripple is great for all the financial institutions that like to replace the old SWIFT system they currently use, mostly banks. They want faster transactions and of course, cheaper ones. Ripple makes this possible. Ripple enables fast transactions with far lower fees than the existing SWIFT system. A lot of partnerships have been made with Ripple over the past year such as with American Express, MoneyGram and many other banks around the world. Also, you can use Ripple’s XRP token with the American Express card for even faster payments later on. In Japan, there is currently being developed a payment system that you can use with your phone using QR scan codes.

3. Cardano

Cardano is one of the top 10 most valuable cryptocurrencies taking the number 5 spot by market cap. Just like Bitcoin and Ethereum, Cardano is a blockchain-based platform which allows individuals and financial institutions to make transactions privately without the need for a third party. The reason why Cardano is expected to rise and have a great future ahead is that it is the right mix of regulation and privacy so is the most attractive to all the potential users.