Photo: Marco Bello (Reuters)
Photo: Marco Bello (Reuters)
Photo: Jose Cabezas (Reuters)
Bitcoin Cash was created in 2017 after the Bitcoin “hard fork.” A hard fork is a phenomenon in the blockchain world that happens when the community makes major changes to the blockchain network and changes the rules.
A
few
years
after
Bitcoin’s
birth,
Bitcoin
miners
and
developers
were
concerned
about
the
top
cryptocurrency’s
future
and
its
ability
to
scale
effectively.
As
a
result,
Bitcoin
was
hard
forked
—
resulting
in
Bitcoin
Cash,
which
featured
faster
transaction
speeds.
With its history tied to Bitcoin, Bitcoin Cash’s price often fluctuates with the top cryptocurrency. The upcoming halving event makes it a must-watch for crypto investors.
Bitcoin Cash was trading at $485 on Thursday, a 265% increase in the last year.
Illustration: Dado Ruvic (Reuters)
Some
say
if
Bitcoin
is
gold,
then
Ether
is
silver.
The
Ethereum
blockchain
network
has
features
that
Bitcoin’s
blockchain
network
lacks,
causing
Ether’s
status
sometimes
to
surpass
Bitcoin.
The
usability
of
the
Ethereum
blockchain
network
is
popular
because
it
hosts
thousands
of
decentralized
apps,
or
dApps.
Ether,
the
native
token
of
the
Ethereum
blockchain
network
and
the
second-largest
cryptocurrency
by
market
capitalization,
often
fluctuates
with
Bitcoin.
It
is
an
important
bellwether
for
the
health
of
the
crypto
market.
Ether was trading at about $3,000, up 46% over the last year.
Illustration: Dado Ruvic (Reuters)
If there’s a cryptocurrency rivaling Ether, it’s Solana. The Solana blockchain network hosts different decentralized apps, or dApps, much like the Ethereum blockchain network, but claims to be faster and cheaper than Ethereum.
The native Solana token has been among the top 10 cryptocurrencies for years and often jumps when the price of Bitcoin rises.
Solana
was
hovering
around
$140
on
Thursday,
up
462%
in
a
year.
Illustration: Dado Ruvic (Reuters)
Litecoin
is
a
cryptocurrency
that
was
introduced
after
the
creation
of
Bitcoin,
and
is
considered
one
of
the
earliest
digital
currencies
in
existence.
Charles
“Charlie”
Lee,
a
former
Google
engineer,
created
Litecoin
in
2011
and
called
it
a
“silver
to
Bitcoin’s
gold.”
Litecoin
has
survived
all
the
ups
and
downs
of
the
crypto
sphere
and
continues
to
rank
among
the
top
20
cryptocurrencies.
Both Bitcoin and Litecoin share a crucial similarity as they use a Proof-of-Work (PoW) validation system. That means the process of mining or creating both cryptocurrencies and adding them to a public ledger or blockchain is the same. Due to its close proximity to Bitcoin, its fluctuations are often matched.
Litecoin was hovering around $80, up 20% over the last year.
Illustration: Dado Ruvic (Reuters)
When
it
comes
to
cryptocurrency
market
volatility
and
fluctuations
in
Bitcoin’s
price,
Dogecoin
is
an
indispensable
name.
The
top
meme
coin
has
received
support
from
Tesla
CEO
Elon
Musk
and
other
celebrities
for
years.
Despite
starting
as
a
joke,
Doge
has
maintained
its
position
among
the
major
cryptocurrencies
for
a
long
time.
Dogecoin was hovering around $0.15 on Thursday, a 58% increase from last year.
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