There are many cryptocurrencies and you can even create one yourself in minutes. Of all these cryptocurrencies, there are many that come with the "Bitcoin" label which you will think is associated with Bitcoin.
Summarythese are forksThey take advantage of Bitcoin's reputationSome of them are scamsThe Top 101. Bitcoin (BTC)2. Bitcoin Cash (BCH)3. Bitcoin Gold (BTG)4. Bitcoin Diamond (BTD)5. Private Bitcoin (BTCP)6. BitcoinDark (BTCD)7. Bitcoin Atom (BCA)8. Green Bitcoin (BITG)9. Bitcoin Plus (XBC)10. BitcoinZ (BTCZ)The restHow many forks can there be?Do you think you have mastered the Bitcoin market? Here's a quick test:How many of them are real Bitcoin variant names?
The answer is at the end of this article. If you have them all, congratulations – I hope your obsession with cryptocurrency isn't damaging your social life. If not, you're probably wondering why there are so many cryptocurrencies called "Bitcoin Something", and there are several answers.
The original, created in 2009 by Satoshi Nakamoto.
A legitimate and active fork of Bitcoin, created in an attempt to fix the slow speeds and high transaction fees that Bitcoin is subject to when its network is under stress.
Although many have viewed this cryptocurrency with suspicion, it has managed to rank among the most popular coins. It was designed to make Bitcoin more decentralized by making mining easier for individuals.
Although the name sounds like a Pokemon game or something you'll have to sell a lot of dodgy health supplements for, it's actually a cryptocurrency. Although marketed as a more private alternative to traditional Bitcoin, it was initially branded as a scam and hasn't completely lost that vibe.
Although it took the name Bitcoin, Bitcoin Private is also derived from another cryptocurrency called Zcash, which focuses on private transactions. It's legit, but in the words of Ethereum founder Vitalik Buterin, "Why not just use Zcash?" »
Although its name sounds like something you would use to buy less than legal goods and services on a dark net market, BitcoinDark's goal is actually "financial inclusion for everyone." He still has some value, but there is very little activity around him, as he seems to have been somewhat absorbed by a larger project called "Komodo".
Atom is one of the few Bitcoin forks to add value and gain generally positive reception. It offers "atomic swap" capabilities, which means it allows you to trade different assets (like other cryptocurrencies) without going through a centralized exchange. This translates, among other things, into cheaper transactions.
Bitcoin uses a lot of electricity, especially for mining. Bitcoin Green aims to change that by using a different algorithm that is much more energy efficient, and they seem serious about it.
It says it hides your IP address using Tor, but opinions are divided on this piece. Either way, there's not much information out there, so be careful - don't end up with Bitcoin less .
No, not a cryptocurrency for zombies – although there probably will be one eventually. BitcoinZ is another "Bitcoin + Zcash" merger, so it's privacy-focused, with the added goal of being as decentralized as possible.
As of May 2018, there were twenty-four coins on CoinMarketCap with “Bitcoin” in their name. Here are the final fourteen.
In practice, there is no limit. Anyone who wants to learn more about blockchains and clone Bitcoin code can do so, whether you are a computer scientist or a Korean high school student. Making a valuable and functional product is not that easy, but even low value coins can still be significantly inflated in an environment where most investors are unfamiliar with the product. Given the speed at which these coins are coming out, however, the biggest future challenge may be finding a new word to put after Bitcoin.
Answers :2, 3, 5, 6, 7, 9
Image credit:Bitcoin Forks
