OTHER COMPETITORS OF BITCOIN

Since August 2008, the now famous ‘White Paper’ of the shadowy genius Satoshi Nakamoto along with the revolutionary Crypto-currency called the BITCOIN, the financial world has been repeatedly rocked by the advent of different other competitors to BITCOIN. Together, they have represented a completely fresh and revolutionary look at the world of international financial transactions. Boundaries and borders of countries have been completely overrun, and bank instructions overruled. Some Crypto-currencies with the highest market cap are as follows:

  • BITCOIN (BTC)
  • BITCOIN CASH (BCH)
  • ETHEREUM (ETH)
  • RIPPLE (XRP)
  • EOS
  • LIGHTCOIN (LTC)
  • BINANCE COIN (BNB)
  • TETHER (USDT)

Bitcoin

These Crypto-currencies are slowly taking over the world of international financing. They come armed with extraordinary features and advantages over Fiat Currency (as Real Money is being increasingly termed). Crypto-currencies all use Blockchain Technology, with each unit or file supported by a complete digital base of previous transactions. While the ID of the last Owner is protected by Crypto Technology, all previous transactions with that unit of Crypto-currency is recorded and displayed to the Transactor. The complex cryptic nature of the files prevents Hacking or Copying. So transactions are decentralized and transparent. At the same time they are completely private and secure against intrusions by Governments, Banks or Cyber Criminals. Since this is the first phase, with Crypto-currencies just beginning to gain traction, acquiring Crypto-currencies is still a bit of a problem. Locating sources for free bitcoin, by paying back with services, is still the best method for acquiring BITCOINS and other Crypto-currencies.