What are the best bitcoin alternatives in 2017?

3 answers

• Phomanan EamFeb 08, 2022 · 3 years ago
  In 2017, there were several alternative cryptocurrencies that gained popularity alongside bitcoin. One of the most notable alternatives was Ethereum (ETH). Ethereum is a decentralized platform that enables developers to build and deploy smart contracts. It has its own cryptocurrency called Ether, which is the second-largest cryptocurrency by market capitalization. Another popular alternative in 2017 was Ripple (XRP). Ripple is both a digital payment protocol and a cryptocurrency. It aims to enable fast, low-cost international money transfers. Other notable alternatives in 2017 included Litecoin (LTC), Dash (DASH), and Monero (XMR). These cryptocurrencies offered different features and use cases compared to bitcoin, attracting investors and users looking for diversification in their cryptocurrency portfolios.
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• gameSep 19, 2020 · 5 years ago
  2017 was an exciting year for alternative cryptocurrencies. While bitcoin remained the dominant player, several other cryptocurrencies gained attention. One of the most talked-about alternatives was Ethereum. Ethereum's blockchain technology allows for the creation of decentralized applications and smart contracts. It quickly became a favorite among developers and investors. Another notable alternative was Ripple, which focused on facilitating fast and low-cost international transactions. Litecoin, often referred to as the silver to bitcoin's gold, also had a strong showing in 2017. Its faster block generation time and different mining algorithm made it an attractive option for some users. Dash and Monero were also popular alternatives, offering enhanced privacy features compared to bitcoin. Overall, 2017 saw a growing interest in alternative cryptocurrencies as people explored different investment opportunities and use cases.
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• psyclobeAug 01, 2024 · a year ago
  In 2017, the cryptocurrency market experienced significant growth and diversification. While bitcoin remained the dominant player, several alternative cryptocurrencies emerged as potential alternatives. Ethereum, with its smart contract capabilities, became a favorite among developers and investors. Ripple, on the other hand, focused on revolutionizing the global payment system with its fast and low-cost transactions. Litecoin, often considered the silver to bitcoin's gold, gained traction due to its faster block generation time and lower transaction fees. Dash and Monero, known for their privacy features, also attracted attention. These alternative cryptocurrencies offered unique features and use cases, providing users with more options in the evolving cryptocurrency landscape. It's important to note that the cryptocurrency market is highly volatile, and thorough research is necessary before investing in any alternative to bitcoin.
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