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Major Altcoins to look at in 2021

Altcoins or Alternate coins have started gaining a lot of popularity in recent times. Bitcoin was the first cryptocurrency to establish itself in the financial market but slowly many more such cryptocurrencies were introduced to tackle the flaws that Bitcoin has. This next generation of cryptocurrencies were termed Altcoins.

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Major Altcoins to look at in 2021

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  1. Major Altcoins to look at in 2021

  2. Altcoins or Alternate coins have started gaining a lot of popularity in recent times. Bitcoin was the first cryptocurrency to establish itself in the financial market but slowly many more such cryptocurrencies were introduced to tackle the flaws that Bitcoin has. This next generation of cryptocurrencies were termed Altcoins.

  3. Ethereum for Smart Contracts Smart contracts make it possible to encode the conditions under which money can move from one user to the other without the need for an intermediate party. Smart contracts work like any traditional contract and will enforce penalties automatically if any party does not comply. For a traditional contract, you ideally need a lawyer to set the terms and conditions between two parties before a contract is enforced but a smart contract eliminates that middleman factor. You can use smart contracts for all sorts of situations that range from financial derivatives to insurance premiums, breach contracts, property law, credit enforcement, financial services, legal processes, and crowdfunding agreements. Ethereum for transaction speed

  4. Ethereum has majorly been adopted due to its ability to perform much quicker transactions than Bitcoin. For example, if a bitcoin transaction will show up in about 40 minutes, it takes Ether about 5 minutes to complete the same transaction. Bitcoin is predominantly slower as it was developed using the programming language C++ and is restricted to only 70 specific commands.

  5. Another coin to look out for: Litecoin Litecoin is another major alternate coin which originated in 2011. Its main goal was to tackle the slow transaction speeds showcased by Bitcoin. Upon successfully doing so, it grew in popularity. According to some recent data, the Bitcoin network’s average transaction confirmation time (the time it takes for a block to be verified and added to the block chain) is currently just under nine minutes per transaction, however, the equivalent figure for Litecoin is only 2.5 minutes.

  6. This difference in confirmation time could make Litecoin more attractive for merchants and other vendors as a merchant selling a product in exchange for Bitcoin would need to wait nearly four times as long to confirm the payment as if that same product were sold in exchange for Litecoin.

  7. What to do next? If you are now asking yourself how to buy Litecoin in Canada, then all you need to do is log on to the Netcoins website and follow these steps to get started. First, you need to provide your personal information to open an account. Secondly, you need to get your details verified and after this is done, you can transfer money into the wallet and begin trading. SOURCE CREDIT: https://netcoins.tumblr.com/post/656030747664236544/major-altcoins-to-look-at-in-2021

  8. THANK YOU FOR WATCHING

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