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And while people like Jamie Dimon of J. Morgan and famed value investor Howard Marks have been extremely critical of cryptocurrencies as of late, many other investors are continuing to ride the wave. However, even with the excitement and action that comes with the space, a major problem still exists for the layman: For this reason, we worked with social trading network eToro to come Cryptocurrency charts comparison with an infographic that breaks down the major differences between these coins all in one place.

Bitcoin Bitcoin is the original cryptocurrency, and was released as open-source software in Comparison Cryptocurrency charts central authority or server verifies transactions, and instead the legitimacy of a payment is determined by the decentralized network itself. Bitcoin is the original cryptocurrency with the most liquidity and significant network effects.

It also has brand name recognition around the world, with an eight-year track record. Litecoin Litecoin was launched in as an early alternative to Bitcoin. Around this time, increasingly specialized and expensive hardware was needed to mine bitcoins, making it hard for regular people to get in on the action. Ripple Ripple is considerably different from Bitcoin. Ripple runs on many of the same principles of Bitcoin, but for a different purpose: If it can successfully capture that market, the potential is high.

Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications. In the Ethereum blockchain, instead of mining for bitcoin, miners work to earn ether, a type of crypto token that fuels the network. Beyond a tradeable cryptocurrency, ether is also used by application developers to pay for transaction fees and services on the Ethereum network. Ethereum serves a different purpose than other cryptocurrencies, but it has quickly grown to displace all but Bitcoin in value.

Inthe Ethereum community faced a difficult decision: The minority thought this idea violated the key foundation of immutability that the blockchain was designed around, and kept the original Ethereum blockchain the way it was. As time goes on, Ethereum Classic has been carving out a separate identity from its bigger sibling. With similar capabilities and a different set of principles, Ethereum Classic could still have upside.

Dash is an attempt to improve on Bitcoin in two main areas: The innovations behind Dash are interesting, and could help to make the coin more consumer-friendly than other alternatives. Bitcoin Cash Although not included in the graphic, we also wanted to add a quick word on Bitcoin Cash. Get your mind blown on a daily basis: Given email address is already subscribed, thank you!

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