5 Popular Cryptocurrencies Other Than Bitcoin and Ethereum

Although many digital currencies may have very impressive features that Bitcoin and Ethereum do not have, it is still difficult to match the level of security of Bitcoin’s networks. Nevertheless, many altcoins are still very important and popular, and you should definitely consider them.

1. Stellar (XLM)

Stellar is an open blockchain network designed to connect financial institutions for the handling of large transactions. Huge transactions between banks and investment firms that typically would take several days, a number of intermediaries, and cost massive transaction fees, can now be done nearly instantaneously with no intermediaries and with very little cost.

2. Chainlink (LINK)

Chainlink is a decentralized oracle network that bridges the gap between smart contracts and data outside of it. Blockchains themselves do not have the ability to connect to outside applications in a trusted manner. Chainlink’s decentralized nature allows smart contracts to communicate with outside data so that the contracts can be executed based on data that Ethereum itself cannot connect to.

3. Binance Coin (BNB)

Binance Coin is a utility cryptocurrency that operates as a payment method for the fees associated with trading on the Binance Exchange. Those who use the token as a means of payment for the exchange can receive discounts on trading fees. Binance Coin’s blockchain is also the platform that Binance’s decentralized exchange operates on.

4. Tether (USDT)

Tether is one of the first and most popular of a group of so-called stablecoins, cryptocurrencies that aim to peg their market value to a currency. Because most digital currencies (including Bitcoin) have experienced frequent periods of dramatic volatility, Tether and other stablecoins attempt to reduce price fluctuations by allowing users to more easily make transfers from other cryptocurrencies back to US dollars in a more timely manner than actually converting to normal currency.

5. Monero (XMR)

Monero is a secure, private, and untraceable currency. This open-source cryptocurrency was launched in April of 2014 and soon garnered great interest among the cryptography community. The development of this cryptocurrency is completely donation-based and community-driven. Monero was launched with a strong focus on decentralization, scalability, and privacy, and is a popular choice among true fans of cryptocurrency.

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