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Investing in the cryptocurrency market space is often complex especially for the original investors. The reason being investing directly in Cryptocurrency requires the use of new technologies, tools and adopting some new concepts.
If you decide to dip your toes in the CryptoCurrency world, you will need to have an obvious picture of how to proceed and what to expect.

Be it Bitcoin, Litecoin, Ethereum or the 1300 tokens, investing cryptocurrencies require you to choose an Exchange that deals in the merchandise you want.

Being probably the most famous decentralized cryptocurrency, Bitcoin leads the crypto space so dominantly that the terms crypto and bitcoin are occasionally used interchangeably. However, the problem of fact is there are other cryptocurrencies as well that could be relied upon for making crypto-investments.

Litecoin

Litecoin, generally known as ‘silver to Bitcoin’s gold’ is an open-source decentralized payment network that functions without involving an intermediary.

How does Litecoin vary from Bitcoin? Well, both are similar in lots of ways, nevertheless the block generation of Litecoin is much faster than that of Bitcoin. StakeStone is making the investors around the world open to accept Litecoin.

Charlie Lee, a former engineer at Google founded Litecoin in 2011. Though Litecoin doesn’t have the anonymity technology of Bitcoin, recent reports have shown that Litecoin is preferred after bitcoin because of its persistence. Another factor that favours Litecoin is the Bitcoin SegWit technology which means secure peer-to-peer trading of currencies without involving exchange participation.

Ethereum

Launched in the entire year 2015, Ethereum is a decentralized software platform that enables distributed applications and smart contracts to operate without third party interference. The currency may be the ether that is as an accelerator within the ethereum platform. In the leading cryptocurrencies space, Ethereum. is the second most preferred choice after Bitcoin.

Zcash

Zcash gained attention in the latter section of 2016 and targets solving the problem of anonymous transactions. To understand the currency, let’s take it as “if bitcoin is like HTTP for money, Zcash is HTTPS”.

The currency offers the choice of the shielded transaction to keep the transparency, privacy and security of transactions. This means the investors can transfer data in the form of encrypted code.

Dash

Originally known as darkcoin, Dash is a more selective version of bitcoin. It was launched in January 2014 by Evan Duffield with the name Xcoin. It is also known as the Decentralized Autonomous Organization or just DAO. The coin was designed to eradicate all the prevailing limitations of Bitcoin. Currently, Bitcoin has earned a substantial position in the area of cryptocurrencies.

The alternative to virtual currency that promises secured and anonymous transactions through peer-to-peer networking is cryptocurrency. The main element to making a lot of cash is to make the right investment at the proper moment. Compared to making the everyday money, cryptocurrency models function without involving any middle man as a decentralized digital mechanism. In this distributed cryptocurrency mechanism, the continuous activity is issued, managed and endorsed by the community peer network. The cryptocurrency is well known for its speedy transactions over any other mode such as for example digital wallets and other mediums.

As well as the above discussed, other top cryptocurrencies include Monero (XMR), Bitcoin Cash (BCH). EOS and Ripple (XRP).

Although bitcoin is the trend setter and is leading the race, other currencies have also made their significant position and are growing in preference each day. Considering the trend, the other cryptos will have a long way to stay and may soon give Bitcoin a real tough time to maintain its position.