Bitcoin’s popularity has resulted in dozens of other similar crypto-coins (currencies). CoinMarketCap, a website that tracks these crypto-currencies lists some 43 of them at the moment, new ones are regularly added.
Bitcoin’s price has surged from just $17 earlier this year to over $1100 at the moment, all just within the span of 12 months. This confidence in bitcoin as the possible boundary-less currency for the future, has also affected the prices of other crypto-currencies. Most of them has seen a double digit growth in their prices for the past few months (if you don’t take into account the daily high volatility that they experience).
While it’s relatively easy to buy bitcoins now from sites like mtgox, btc-e and VirWox etc (here is a full list), it’s not very straightforward to buy the less established coins like litecoin, which has the 2nd largest market capitalization at the moment. Litecoin is being likened to “silver” by its supporters, while they consider bitcoin as “gold”. full details »