08 Jul '13, 3pm
5 Top Bitcoin Alternatives
Bitcoin has generated a ton of buzz the world of cryptocurrencies, but it's not the only option. We've compiled a list of the top alternatives, including open source services, payment systems and digital currencies that can be exchanged for traditional money. SEE ALSO: 7 Ways Companies Are Using the Government's Open Data 1. Litecoin Litecoin is derived from Bitcoin's open source code, but has a faster block rate — two and a half minutes, compared to Bitcoin's 10 minutes. However, the two currencies are very similar structurally. 2. Ripple Ripple is a currency as well as a payment system. It can be used to transfer any kind of currency, so you can use it to move anything from Bitcoins to Yen. It was launched by Chris Larsen's OpenCoin company in 2012, which is now backed by Google Ventures, Andreessen Horowitz , FF Angel LLC, Lightspeed Venture Partners, Vast Ventures and ...