Lumens XLM, managed through Stellar, is considered the successor to bitcoin in terms of
payments. Exchanges are made quickly, publicly, and in real-time. Widely used in financial
payments network.
Dash, which was previously called Darkcoin, is one of the most used cryptocurrencies in
Latin America, for example, with its Master Nodes system. Due to its security system, it is
considered one of the safest cryptocurrencies.
Litecoin is inspired by bitcoin, although it was created as an alternative to this
cryptocurrency, proclaiming itself the silver of the Blockchain, with Bitcoin being gold.
The first cryptocurrency has subtle advantages over cash and quite expected drawbacks. We
tell everything about the main digital coin. Bitcoin celebrates its 11th anniversary in 2020.
Since the release of the genesis block in 2009, the first cryptocurrency has gone from an
unknown coin to the main digital asset with a capitalization of hundreds of millions of
dollars.
Advantages and disadvantages
Pros of cryptocurrencies, thanks to which this area has gained popularity:
absolute anonymity of users;
fast and cheap money transfers that do not depend on the location of the addressee,
even if it is a different country;
transparency of operations, the ability to track all transactions in the blockchain;
lack of pronounced inflation due to the limited release of coins
investment potential.
There are also disadvantages - the reasons why millions of people still do not want to trust
cryptocurrency and consider it to be something fragile or even fraudulent:
a large number of really dishonest projects created by cybercriminals and spoiling the
overall reputation of the industry;
problems with the rule of law in many states;
a small number of blockchain development specialists