Virtual currencies are getting more popular every day. Recently, prices for some virtual currencies such as Bitcoin and Litecoin have been increasing steadily. The growth of these digital coins hasn't just attracted investors but also hackers and cybercriminals. Many people fall victim to computer viruses and online scams which target their cryptocurrencies wallets and accounts.
There is a range of other virtual currencies that are less known to the public. The following list contains some of these alternative digital coins that are currently growing at a steady rate.
Ripple (XRP) is unlike Bitcoin which was developed in 2009, Ripple's code was developed in 2004 by Ryan Fugger, and released in 2012. Although this currency had to overcome many obstacles, including financial regulations, it is now gaining popularity.
Another virtual currency which has been around for longer than the two mentioned above is Dogecoin. Created in 2013 by Jackson Palmer and Billy Markus, Dogecoin was initially made as a joke after learning about the popular internet meme 'Doge'. While some may laugh at the name of this currency, Dogecoin has proven itself by being one of the top digital coins when it comes to transaction volume.
Monero is a virtual currency which has been highly appreciated by the online community due to its anonymity and security. While many cryptocurrencies make it possible to monitor all transactions, Monero's network uses a special technology which makes it impossible for third parties to identify who sent or received the currency.
Apart from staying away from scams, users should also focus on protecting their cryptocurrencies wallets and accounts to avoid falling victim to hackers. This can be done by using two-factor authentication and avoiding malware programs.