Those cryptocurrencies that branched out from Bitcoin

As we all know, Bitcoin is the first cryptocurrency that ever showed up, but there are some cryptocurrencies forked out of it and developed pretty well. Let’s see how they perform.

According to Bitcoin, Blockchain technology r&d company Nchain declared to purchase majority interest of newly established company Handcash. Handcash is new kind of Bitcoin cash wallet, an SPV client (Simplified Payment Verification, simple Payment Verification, i.e. lightweight wallet client). The wallet is easy to use and can realize near-field communication transactions. Its function kinda like giving someone some cash so called it ‘Handcash’. Anyone can use NFC to pay on site.

Handcash is more likely to pay BCH in a contactless manner without requiring a specific address or QR code. ‘With bitcoin cash growing rapidly, the user interface for applications needs to be better and easier to use. We were impressed by how Handcash simplifies the transaction of bitcoin cash in a non-contact way.’ said by the CEO of Nchain, Jimmy Nguyen.

There have been attempts over the years to encrypt the NFC money wallet, but there has been no real development. For a long time, people have been looking forward to a combined with NFC technology is convenient and time-saving encryption technology trading, BCH supporters hope this partnership to achieve to really push the long-term development of the technology.

And there is one newly born baby forked out of Bitcoin and I don’t think that we have formally met. And that is Bitcoin Scrypt(BTCS). And it has good momentum because, for the last two years, its price has risen 333.33 times. Bitcoin Scrypt is the decentralized alternative to Bitcoin - core, real decentralized, with a focus on distributed mining and development, but it also has the maximum total coin supply (21 million pieces).

As community interests recover, BTCS price has soared since 2016, the biggest increase since then. In December, Bitcoin Scrypt announced a revival. Compared with Bitcoin core, Bitcoin Scrypt is considered to be a much better alternative solution. And the development team announced extra new function to blockchain and wallet which make Bitcoin SCrypt mining and development is more decentralized than Bitcoin core.

Though Bitcoin Cash and Bitcoin Scrypt are forked out of Bitcoin, yet they all show the best of themselves. We shall see what will happen in the future.