Altcoins are cryptocurrencies that can be used as an alternative to Bitcoin. Although they are slightly different from Bitcoin, they share the same potential in the market.
One great factor that people love about them is that they can also perform the same purpose as Bitcoin while still being unique. Given that Bitcoin is already known for being the most expensive cryptocurrency, it is no longer surprising that investing in it is harder compared to when it was still new. Now that there are lots of people who also invest in crypto with the help of altcoins, more people experience the ease that it provides in their daily lives.
Betting is one of the activities that accept the use of crypto. On websites like Bitcasino, you will see how BTC is not the only coin recognized as a form of payment. With that, here is a closer look at some altcoins you can use for betting.
The most popular altcoin is Ether, the native coin of the Ethereum network. This altcoin ranks second on the crypto market for being a great alternative to BTC despite having a lower value compared to it. One of the factors that make it popular is how it shares a lot of similarities with the popular coin despite staying unique with its features.
One of the most notable features of ETH is how they use a Proof of Stake (PoS) protocol. This allows them to use smart contracts which ensure that certain conditions are met before the transactions get verified. They also have faster transactions.
Litecoin is one of the earliest altcoins released in 2011. This altcoin is known as an impressive alternative to BTC despite its smaller value that grows at an almost similar rate. They also use an easier algorithm that makes mining easier.
Among its differences with BTC is that it has a faster block approval time of about two and a half minutes compared to BTC’s ten minutes. It also has a larger supply cap of 84 million that surpasses BTC’s 21 million. It is also believed that LTC got its name from the fact that it works as a lighter version of BTC.
Despite having Bitcoin in its name, Bitcoin Cash is different from the crypto it was forked from. This is because the developers of this crypto ensure that they can improve the features of BTC, especially the block size.
Whereas the block size of BTC can only manage 1MB of transactions, BCH can handle up to 8MB. This allows BCH to have faster transactions as it is capable of verifying more transactions at the same time.
These are just some of the popular altcoins that you can use in online casinos like Bitcasino. So, if you are looking for equally great alternatives to BTC, we highly suggest trying these coins to see how you can maximize the potential of cryptocurrencies.
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