Cryptocurrencies are still going through a major period of development, and the market is far from stable with regards to the diversity of different coins. It’s important to know what the alternatives to Bitcoin that actually make sense are, and know which ones are worth paying attention to. There’s no telling which of these coins will still be around a year or two from now. But some of them are showing significant promise, and should definitely be kept an eye on.

1. Ethereum

Ethereum has been around for a few years already, and it’s managed to establish a solid place for itself on the crypto market. It was designed around the idea of smart contracts, and works on the principle of distributed applications. The implementations of this technology in various fields have been quite diverse so far, and we’ve already seen some interesting ideas arriving to the market based on Ethereum.

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2. Ripple

Ripple is another popular offer based on the idea of instant payments that can work across the globe, and is heavily founded on secure principles. One interesting aspect of the Ripple coin is that it doesn’t require any mining to obtain new currency tokens, making it a very unique offering compared to most other products on the market. Ripple has been favored in low-powered computing environments for this reason.

Also Read: Best Forex Brokers and Exchange Platforms for Ripple (XRP) Trading

3. Litecoin

Another one of the most popular coins on the market, Litecoin was actually one of the first cryptocurrencies to arrive to the field along with Bitcoin. Initially, many people saw it as just an inferior version of Bitcoin and didn’t pay too much attention to it. But over time, Litecoin significantly grew in popularity and managed to become one of the driving currencies on the market, a position which is still holds today.

4. Zcash

Zcash was initially founded on the principles of security and privacy, and allows for transactions that are virtually anonymous. The coin has only been around for a couple of years, but it’s already managed to establish a significant presence for itself on the market, and is now one of the more popular coins among people conscious about their security. While its popularity leaves a little to be desired, it’s still arguably one of the better coins on the market.

5. Nano

Nano was originally created as an attempt to fix some perceived problems with Bitcoin. Whether the coin’s creators have been successful in this regard is arguable, as some claim that they could have done a better job. But one thing is certain at this point – Nano is a popular cryptocurrency with a strong potential, and it will likely be around for a long time. It still uses blockchain in its foundation, similar to Bitcoin, but it utilizes the technology in a different manner that makes it more unique, especially from the perspective of an experienced specialist.

6. Bytecoin

Similarly to Nano, Bytecoin was designed to solve some privacy-related issues around Bitcoin. Some claim that the approach taken by Bytecoin has been more successful than that of Nano, but it’s a heavily debated topic. Getting involved in those discussions is opening a can of worms too, so be careful around people who’re deeply involved in one of the two currencies. Still, the way Bytecoin utilizes proof-of-work to accomplish its tasks and the way it handles transactions make it a very good product easily comparable to other major coins on the market.

7. EOS

EOS is relatively new to the market, but it’s been showing strong promise. It has only been around for a year or so, but it’s already made some great strides on the market and is now one of the better alternative cryptocurrencies. It largely follows the original design of Ethereum in its main principles, and it’s easy to see the inspiration in many aspects of EOS. At the same time, the currency remains unique and individual in many of its aspects. It’s favored by people with a more tech-savvy mindset too, as it predisposes to various tweaks in this regard.

8. Monero

Another cryptocurrency designed around the principles of anonymity and privacy, Monero is an open-source cryptocurrency that’s been on the market for around five years now, and has been a very attractive prospect for many people on the market. It initially launched with a focus on decentralization, and was later developed to be more scalable than the majority of other cryptocurrencies on the market. And while it’s had its ups and downs over the years, it’s currently one of the better currencies available.

Also Read: Top 10 Cryptocurrencies You Should Invest In 2019

9. Safecoin

The unique thing about Safecoin is that it supports self-encryption, something which has previously been proposed in the designs of various other cryptocurrencies but hasn’t been implemented fully until this one. No middle man is involved in the transactions in any way, and the currency also addresses the issue of removing duplicates from the network automatically.

10. Steem

Steem is a mix between a cryptocurrency and a social media platform. Users can earn coins by voting on posts on various social networks with an already established user base. The integration with various platforms has been commended by many, and Steem is currently enjoying a lot of attention among fans of social media who like the idea of earning a little more for their regular activities. Of course, it’s not something that will make anyone rich for just posting on Facebook, but it can still contribute nicely to a person’s budget over time.

Related: Libra: What’s the Fuss About Facebook’s Game-Changing Crypto ?

These are just a few examples of cryptocurrencies that are popular as alternatives to Bitcoin lately. The market offers many other alternatives, and is full of attractive offers for people who want to get involved with cryptocurrencies. From beginners to experts, there is something available for everyone out there. As long as someone wants to get started, all they need to do is pick one of the many different coins popular at the moment, and learn about the way it works and its unique requirements. The rest comes down to persistence and an active approach.

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