Thanks to Bitcoin, blockchain technology has attracted worldwide attention. Like any new technology, it has its limitations. Many variations of Bitcoin were created to address a particular limitation of Bitcoin. Here, we mention a few of them:
- Bitcoin Cash: This is a hard fork of the Bitcoin chain that was created because a group of Bitcoin core developers wanted to use a different way of addressing the scalability issue.
- Litecoin: This is almost identical to Bitcoin except that the time for adding a new block was reduced from 10 minutes to 2 minutes.
- Zcash: This is based on Bitcoin but offers total payment confidentiality.
- Monero and Zcash: Both altcoins address the privacy issue by making transaction history untraceable, but they ...