Is there any safe alternative to Bitcoin...

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Mary Nowlin

| Posted on December 27, 2019 | Education

Is there any safe alternative to Bitcoin?

1 Answers
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Tina Lopes

@tinalopes8144 | Posted on December 28, 2019

Yes, there are. I know it can be hard to trust “lesser” cryptocurrencies when it seems that hundreds of blockchain startups are being created and going bankrupt every month. However, while some cryptocurrencies do appear doomed to fail from the moment they are created, there are others that have proven themselves to be solid Bitcoin alternatives.
You should know that every cryptocurrency that isn’t Bitcoin is referred to as an “altcoin”. Some altcoins have been around for years and control a sizable amount of the crypto market. The two major altcoins are:
1 - Litecoin. This currency was designed by a former Google engineer with the explicit goal of being “the silver to Bitcoin’s gold”. Transactions with Litecoin are faster and new coins are easier to mine.
2 - Ethereum. Launched in 2015, this altcoin was launched as part of a decentralized software platform to facilitate web development and crypto transactions. Today it’s one of the major players in this market.
You can learn more about all this over at VanillaCrypto.

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