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Types of Bitcoin

Dash
Dash

What Is Dash? Dash (DASH) is a next-generation digital currency based on the Bitcoin software. Dash has solved many of the problems inherent in Bitcoin by speeding up transactions, offering enhanced financial privacy, and developing a decentralized governance and funding system.

Ethereum (ETH)
Ethereum (ETH)

Ethereum rewards miners based on its proof-of-work algorithm called Ethash, with 5 ether given for each block. Ethash is a memory hard hashing algorithm, which encourages decentralized mining by individuals, rather than the use of more centralized ASICs as with Bitcoin.

Litecoin
Litecoin

Just like bitcoin, litecoin is a crytocurrency that is generated by mining. Litecoin was created in October 2011 by former Google engineer Charles Lee. The motivation behind its creation was to improve upon bitcoin.

source: coindesk.com
image: coindesk.com
Monero (XMR)
Monero (XMR)

Monero (XMR) is best for long-term investment than Bitcoin (BTC). Adding to its perfect security, personal computers as well as ordinary laptops can aid in mining Monero, unlike Bitcoin which requires a special Application Specific Integrated Circuit (ASIC). Seclusion. With Bitcoin, all the information about the sender and the receiver are visible which is not the case with Monero that has the highest anonymity.

Ripple (XRP)
Ripple (XRP)

XRP is a token used for representing transfer of value across the Ripple Network. Different to bitcoin, where new coins are created (up the a capped level) as rewards for participants offering computing power to maintain the blockchain network, Ripple created 100 billion XRP coins at its inception.

source: forbes.com
The Bottom Line
The Bottom Line

If bitcoin goes to zero, you can lose 100% of your money. That's a lot. But it's also all you can lose. If bitcoin goes up another 10X, or 100X, or 1000X, meanwhile, you can make 10X, 100X, or 1000X your money.

image: youtube.com
Zcash (ZEC)
Zcash (ZEC)

Bitcoin and most cryptocurrencies expose your entire payment history to the public. Zcash is the first open, permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography.

source: z.cash