The Rise of Digital Currencies: Exploring the World of Bitcoin and Altcoins

The most popular altcoins include Ethereum, Litecoin, and Monero. These altcoins may offer a range of features or use various algorithms, but all follow the same basic principles as Bitcoin.
Ethereum: Ethereum is a open-source, decentralized blockchain platform which runs smart contracts which are software that runs precisely as they are programmed, without chance of delay, censorship or fraud, or interference from third parties. Ethereum is the second largest cryptocurrency in terms of market capitalization following Bitcoin.
The Litecoin currency is a peer-to-peer currency that is built on Bitcoin. It is based on Bitcoin protocol, however with some distinct differences like a higher block generation rate , and a different algorithm for hashing. Litecoin was developed in order to make it more effective and less difficult to mine than Bitcoin.
Monero: Monero is a security-conscious cryptocurrency that makes use of the ring signature and stealth address to hide identities of sender, recipient and the amount of transaction. Monero is well-known for its security features, and is gaining popularity with those who appreciate privacy.
Ripple: Ripple is a real-time gross settlement system as well as a currency exchange and remittance system founded on an open source distributed protocol. Ripple was designed to make swift and affordable cross-border transactions and has agreements with a variety of important financial institutions.