Ethereum, Bitcoin Cash, Ripple and Litecoin: here are four of Bitcoin's closest rivals

Bitcoin is by far the largest cryptocurrency 

Bitcoin continues to attract enormous attention from investors, who keep driving the price to new records, but it is not the only "cryptocurrency" in existence. As fears grow that Bitcoin will prove to be a bubble, more and more people are starting to consider its rivals. 

There are now hundreds of cryptocurrencies and, while they have significant differences, all are based on “blockchain” technology.

A blockchain is a method of record keeping that uses a network of individual computers to store a record of transactions, and verify new transactions, without the involvement of a central organisation such as a bank.

The top five largest currencies change regularly as prices of individual currencies fluctuate, but these are some of Bitcoin's main rivals. 

Bitcoin's main competitors 

Bitcoin is still the dominant digital currency, but Ethereum and "Bitcoin Cash", an offshoot of Bitcoin, are significant...

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