After the success
Bitcoin currency has enjoyed since it was released in 2009, many smaller
currencies appeared to rival the more powerful original and fill the gaps of a
blossoming new economy. While Bitcoins might be everyone’s first choice, there
are quite a few reasons why you should look out for smaller crypto currencies
out there. First of all Bitcoins reach some high prices over time and you might
want to invest in a currency that isn’t as inflated yet, so that you can make
money as the currency grows. It is simply smart to invest in something that is
certain to increase in value and almost perfectly safe from losing any value.
Namecoin is the first small crypto currency we’ll talk about. Namecoin is an
amazing decentralized DNS based currency system. No single country or bank can
control it and the limited number of Namecoins which can be produced will keep
the currency from inflating. There can only be 21 million Namecoins and the
rate they are creates drops every 4 years.
Terracoin is one of those very popular small crypto currencies out there at the
time. It seriously launched during 2012, making it quite a young coin to use.
Yet nonetheless over 150000 transactions have been made with 1.6 million
Terracoins. One can give some of their computer capacity to the Terracoin
system for the network transaction validation process, actively helping the
coin rise in worth. Over 10 exchanges per minute are made, showing how
promising a currency Terracoin is.
Ppcoin is the first crypto currency that uses a combined
proof-of-stake/proof-of-work system, giving this coin its popularity. You might
know this small crypto currency by its other name: Peercoin, yet whatever name
you call it by the fact remains that is has been largely successful as of date
in releasing economic exchanges from the shackles of bank and country
economies.
What is new and
exciting about Feathercoin, which
boasts to be similar to Bitcoin and Litecoin, is that four times as many coins
will be released, promising an increased longevity and showing confidence in
the growing crypto currency market. Since crypto currency is doing so well so
far, Feathercoin seems to be having the right idea increasing the amount of the
coins available in comparison to other crypto currencies, yet still keeping a
limit to prevent inflation.