Bitcoin was the first decentralized digital currency and is still by far the largest as measured by market capitalization. But there are other blockchains with a “digital currency” use case. We categorize all of them in Grayscale’s proprietary Currencies Crypto Sector. Today, this crypto market segment includes fifteen assets with a combined market capitalization of $1.6 trillion. Bitcoin is king of the category, with a market share of about 90%.¹ Among the assets that compete directly with Bitcoin, we believe Zcash (ZEC) has the best shot of capturing a higher market share over time. Two main reasons why: Zcash has ... (full story)