Various types of Cryptocurrencies you can Invest Apart from Bitcoin on your own Risk
Bitcoin is by far the most popular cryptocurrency in today’s world created in 2009. However you can still invest in other cryptocurrencies called Altcoin which are basically inspired by Bitcoin. Some of these are present greater risk to your investment while other will offers lesser liquidity.
There are various Altcoin that will be worth a read.
1) Litecoin (LTC)
Litecoin was launched in 2011, Litecoin is a peer-to-peer cryptocurrency. If bitcoin are gold in our current economy then litecoins are considered as silver in the crytonoics and is the second famous among differed type of cryptocurrencies. Litecoin created by an MIT graduate Charlie Lee also a former Google employee. It is basically scripted on the open source global payment network which is never controlled centrally by any authority and uses a “scrypt” as a proof of ledger, which can be decrypted through a CPU of consumer grade. Litcoin has a faster block generation rate as compared to Bitcoin and thus offers a much faster transaction validation.
Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale that took place between July and August 2014The system went live on 30 July 2015, with 11.9 million coins “premined” for the crowdsale. Digital decentralized autonomous organization, this was split into Etheruem Classic (ETC) and Etherium (ETH). Interestingly ETH now has a market cap of $41.4 Billion second only after the Bitcoins.
3) Zcash (ZEC)
Zcash payments are published on a public blockchain, but users are able to use an optional privacy feature to conceal the sender, recipient, and amount being transacted. 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. Zcash is set to launch on the 28th of October 2016 and has a hefty heavy weight team working on it and backing it.
4) Dash (Darkcoin)
Launched in 2014, DASH aka Darkcoins is also a more secured form of the Bitcoins offering more anonymity drives its transactions intractability from a decentralised mastercode.