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The top six altcoins for 2022 are listed below.
There are other cryptocurrencies besides Bitcoin. To be fair, the majority of cryptocurrency news is focused on Bitcoin (BTC).
However, thousands of new cryptocurrencies have emerged since the first Bitcoin transaction in 2009, confusing the market for investors.
While some of these alternative currencies have significant technical innovations that set them apart from Bitcoin, others have merely evolved into well-known digital currency brands and memes on social media.
The biggest and most established Bitcoin alternative is ether, and the smart contracts technology that powers decentralized applications, or dApps, was first introduced on ether's blockchain.
Designed to streamline transactions between banks and other financial institutions, Ripple is a global, digital financial transaction network.
Solana has quickly gathered a sizable fan base and is currently the sixth most valuable cryptocurrency in the world with a $31 billion market cap.
2020 saw the release of the Polkadot blockchain by Gavin Wood, a co-founder of Ethereum. The main network blockchain run by Polkadot maintains a permanent record of all transactions.
Thanks in large part to its viral Shiba Inu mascot, the cryptocurrency that was developed in 2013 as a parody of Bitcoin has grown to be one of the most well-known and valuable digital currency brands in the world.
Chainlink is a blockchain abstraction layer created in 2017 that uses a decentralized oracle network to enable blockchains to interact securely with external data feeds, payment methods, and events.
– Ethereum (ETH) – Ripple (XRP) – Solana (SOL) – Polkadot (DOT) – Dogecoin (DOGE) – Chainlink (LINK)