If you are a beginner in crypto world and don't know much about the cryptos. Explore here 3 Important cryptocurrencies other than bitcoin for crypto-traders.
2. Ethereum (ETH)
One of the most successful cryptocurrencies in India is Ethereum (ETH). It is ranked
second in the list, after the almighty Bitcoin because of increasing demand and market
share. It is a decentralised software designed for smart contracts and decentralised
applications. In addition, Ethereum software is built to facilitate the elimination of downtime,
fraud, and interference from other parties.
3. Litecoin (LTC)
Incepted in 2011, Litecoin has gained enough fame and is among the limited crypto coins to
follow bitcoin’s mechanism. It is also known as the silver to Bitcoin’s gold. Furthermore,
Litecoin is based on an open-source global payment software that uses PoW. Many traders
have considered LTC as the most preferable digital asset to invest in.
4. Cardano (ADA)
Soon after the launch, Cardano became one of the top cryptocurrencies in India to trade in.
The project was initiated by Charles Heckinsen. He is one of the founders of the Ethereum
network. The Cardano team tried to build a well researched and experimented with the
blockchain network. Today, it is observed that this crypto coin has outstood all PoS peers
and large cryptocurrencies across the globe.
5. And there is more…
Polkadot, Bitcoin Cash, Dogecoin, Shiba Inu, Tether, and Binance coin are some other
cryptocurrencies gaining hype after bitcoin. Due to their popularity and demand, most of the
crypto exchanges are offering all these crypto coins on their platforms. However, not every
exchange is reliable as now there are multiple platforms opened in every nook and corner of
India. Hence, considering reputed ones like Coin DCX, WazirX and Zebpay will be an
optimum choice to make to prevent fraud.