To Bitcoin, right now it's Litecoin with Monero potentially being 3rd. The only reason I mention Monero though is because they a feature that makes their blockchain and technology truly anonymous. I suppose Dash should fit in there but I don't know enough about them.What do you think, which cryptocurrency can be considered a direct competitor to BTC and ETH, why?
Panharith just repeated what I said and included a spammy link. Probably a bot.Really!
CVopy paste? or are you Brian Booker? https://99bitcoins.com/bitcoin-alternative-6-coins/Litecoin is one of the older alternative digital currencies out there, having emerged in 2011. Like bitcoin, there is no central authority, new coins are created through solving algorithms, and over time these algorithms are becoming more difficult to solve.
There are many important differences, however. Litecoin’s overall cap limit is set at 84 million, compared to bitcoin’s 21 million. The algorithms themselves are much easier to solve and can still be solved without special mining equipment. Further, litecoin blocks are created every 2.5 minutes, compared to bitcoin’s 10 minutes, making it possible to support far more transactions.
Currently, Litecoin is the world’s fourth largest digital currency, by market cap, weighing in at about $175 million.