Litecoin is one of the first Bitcoin forks which were launched in late 2011 by former Google and Coinbase engineer Charlie Lee. To create this crypto, Lee copied the Bitcoin codebase, increased the total supply, and increased the speed at which new blocks are added to the blockchain. It was mainly constructed as a lighter alternative of BTC, but a faster and scalable one. Additionally, LTC encryption techniques are used for two critical features:
Monero (XMR)- a fork of Bytecoin is a secure, private, and untraceable digital currency that is built on the Cryptonote protocol using Ring Signatures. Proof of Work (PoW) mechanism called CryptoNight issues new coins that provide incentives to miners for securing the network and validating transactions. Originally launched in April 2014 as BitMonero, Monero aka XM is called a privacy coin because it has inherent privacy features. Unlike most other famous blockchains, Monero’s blockchain is designed as opaque where no one else can see the account’s balance or history of transactions.
Cryptocurrency is now the industry that grows tremendously every day and no one is willing to be indifferent. It’s no longer just digital cash. Instead, it is a huge investment opportunity that attracts the attention of large organizations, investors, and traders worldwide.
The crypto market in India has widened after the Supreme Court of India struck down the banking ban on Cryptocurrencies which was imposed by Reserve Bank of India (RBI). Bitcoins, the high traded cryptocurrency, has surged its prices since the beginning. The crypto market has experienced a boom since it has come. It may seem hard to believe that a decentralized digital currency could be worth in lakhs. Although the lines and codes through which BTC are mined are worthless, the price of one BTC is 8,48,680.48 INR. It has gained a significant place in the investment industry because the transaction costs are much lower than credit cards.
With a 300 percent increase in its value in only one year, Bitcoins could rather be the type of investment you'll be trying to find.