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Title: cryptocurrency Post by: hopeAo on December 14, 2017, 12:34:49 AM what are the different types of cryptocurrencies? what are the major differeces? Title: Re: cryptocurrency Post by: tagaylo360 on December 14, 2017, 08:02:51 AM Do you mean other cryptocurrencies besides Bitcoin? Well, here are a few of the most important ones:
1) Litecoin (LTC) 2) Ethereum (ETH) 3) Zcash (ZEC) 4) Dash 5) Ripple (XRP) 6) Monero (XMR) This websites provides you more information about each of them: https://www.investopedia.com/tech/6-most-important-cryptocurrencies-other-bitcoin/ Title: Re: cryptocurrency Post by: Colorblind on December 14, 2017, 09:08:57 AM what are the different types of cryptocurrencies? what are the major differeces? All cryptocurrencies utilize same idea of public bookkeeping (also called blockchain). However different blockchains utilizes different algorithms of consensus (mechanism of achieving transaction validation). Also many blockchains implement different features (Ethereum virtual machine in ethereum for example, scrypt mining algorithm in Litecoin etc.). They all serve similar but slightly different purposes (Bitcoin is good for storing value, LiteCoin offers faster transactions, ETH is good for smart contracts, Zcash gives better anonimity of transactions). Title: Re: cryptocurrency Post by: hopeAo on December 14, 2017, 09:49:11 AM what are the different types of cryptocurrencies? what are the major differeces? All cryptocurrencies utilize same idea of public bookkeeping (also called blockchain). However different blockchains utilizes different algorithms of consensus (mechanism of achieving transaction validation). Also many blockchains implement different features (Ethereum virtual machine in ethereum for example, scrypt mining algorithm in Litecoin etc.). They all serve similar but slightly different purposes (Bitcoin is good for storing value, LiteCoin offers faster transactions, ETH is good for smart contracts, Zcash gives better anonimity of transactions). Thank you Title: Re: cryptocurrency Post by: Colorblind on December 14, 2017, 10:25:42 AM what are the different types of cryptocurrencies? what are the major differeces? All cryptocurrencies utilize same idea of public bookkeeping (also called blockchain). However different blockchains utilizes different algorithms of consensus (mechanism of achieving transaction validation). Also many blockchains implement different features (Ethereum virtual machine in ethereum for example, scrypt mining algorithm in Litecoin etc.). They all serve similar but slightly different purposes (Bitcoin is good for storing value, LiteCoin offers faster transactions, ETH is good for smart contracts, Zcash gives better anonimity of transactions). Thank you np Title: Re: cryptocurrency Post by: omark123 on December 14, 2017, 12:11:57 PM Hi All,
I need some help and assistance i am new to this and , i ve been trying different websites to get into bitcoin trade but every attempt goes futile as most of these websites really donot provide a service that works, coinbase,bitstamp,coinmama gatehub etc etc, they wont even bother to register . is there a better way to buy crypto than these websites??? Title: Re: cryptocurrency Post by: Aishiteru on December 14, 2017, 12:18:47 PM Thank you very much for that information
Title: Re: cryptocurrency Post by: alerdenisov on December 14, 2017, 02:47:16 PM First of all, I suppose you should differ cryptocurrencies based on protocol behind then.
Basically we could to separate protocols by next features: 1) Block validators motivation way based on consensus 2) Transaction and data storing rules One of them give us way to exchange value in a private way (ZCash, Monero, Dash), another provide VM for smart-contracts. Some of them allow anyone to mine cryptocurrency, another require stakes to "forge" coins. I think great way to understand most of them: select some which is most interested for you from list below and we will discuss more about them: Top 100 Cryptocurrencies in few words Code: Name | Sym. | Description Title: Re: cryptocurrency Post by: Clos Belmont ICO on December 15, 2017, 08:47:11 AM https://cointelegraph.com/news/top-10-altcoins-all-you-wanted-to-know-about-bitcoins-contenders
https://en.bitcoin.it/wiki/Comparison_of_cryptocurrencies Maybe here you can find some useful information Title: Re: cryptocurrency Post by: pratik009 on December 15, 2017, 03:20:47 PM There are mnay types of different cryptocurrency into cryptoworld.But the main cryptocurrency is bitcoin and the any other coins are known as the altcoins.There are many types of altcoins like ETH,LTC,BCH,BTG,BCC,XRP etc.you can check all altcoins list at the coinmarketcap.The all cryptocurrency are different from echother beacause they have their own blockchains and own security and own transaction.The price of all cryptocurrency depend on their demands and supply.All cryptocurrency have their own value and it's fluctuate too much.The transaction fees of evry cryptocurrency is different from eachother.As example btc transaction value is too much high than the ETH.
Title: Re: cryptocurrency Post by: saycryptohello on December 17, 2017, 01:07:34 PM If we are talking about anonymity, have a look this one https://coincodex.com/article/66/top-5-cryptocurrencies-for-anonymity/
Title: Re: cryptocurrency Post by: hopeAo on December 23, 2017, 02:02:45 PM First of all, I suppose you should differ cryptocurrencies based on protocol behind then. Basically we could to separate protocols by next features: 1) Block validators motivation way based on consensus 2) Transaction and data storing rules One of them give us way to exchange value in a private way (ZCash, Monero, Dash), another provide VM for smart-contracts. Some of them allow anyone to mine cryptocurrency, another require stakes to "forge" coins. I think great way to understand most of them: select some which is most interested for you from list below and we will discuss more about them: Top 100 Cryptocurrencies in few words Code: Name | Sym. | Description I will like you to discuss more on bitcoin, bitcoin cash, litecoin and tron. Thanks Title: Re: cryptocurrency Post by: Aurora Castro on January 25, 2018, 03:24:42 AM The main cryptocurrencies and their main characteristics are the following:
- Etherum: is a crypto that complements bitcoin It is an operating system that allows users to create applications based on virtual currencies that can go beyond their simple financial use. -Litecoin: is a cryptocurrency that allows instant payments and almost zero cost anywhere in the world -Ripple: While other cryptocurrencies avoid banks, Ripple was created for the banking system because it allows them to make faster global payments at a lower cost. -Dash: Although Dash can be used for transactions between consumers, it was intended for daily use, to go shopping. We could think of Dash as a substitute for PayPal. -Zcash: is identified as the first cryptocurrency of "zero knowledge" for its ability to protect the identities of all, both the senders and receivers and even the amount of all transactions that we made in your blockchain. -Monero: Monero is another excellent option for those worried about their privacy. This currency was created to give individual users full control over their money. With Monero, you are your own bank. For more information about these cryptos and their characteristics, I leave this link: https://www.economiasimple.net/tipos-de-criptomonedas.html Title: Re: cryptocurrency Post by: Kryptcoin on January 25, 2018, 06:56:19 AM what are the different types of cryptocurrencies? what are the major differeces? Title: Re: cryptocurrency Post by: hugeblack on January 25, 2018, 09:01:13 AM what are the different types of cryptocurrencies? what are the major differeces? Most of Cryptocurrencies is a Modified copies of Bitcoin like litecoin (edit in limited number and confirmed time) Bitcoincash . Bitcoin have some problems which solved in altcoins but to be honest we really not need more than 1000 Cryptocurrencies (personally i don't like coins like 1 dollar = 0.0000001 X coin) Title: Re: cryptocurrency Post by: charcoin on January 25, 2018, 04:42:31 PM what are the different types of cryptocurrencies? what are the major differeces? All cryptocurrencies utilize same idea of public bookkeeping (also called blockchain). However different blockchains utilizes different algorithms of consensus (mechanism of achieving transaction validation). Also many blockchains implement different features (Ethereum virtual machine in ethereum for example, scrypt mining algorithm in Litecoin etc.). They all serve similar but slightly different purposes (Bitcoin is good for storing value, LiteCoin offers faster transactions, ETH is good for smart contracts, Zcash gives better anonimity of transactions). very well said. thanks for a good explanation. Only here that I understand their major differences. Title: Re: cryptocurrency Post by: Stedsm on January 25, 2018, 05:22:36 PM what are the different types of cryptocurrencies? The list isn't too short as there are more than 1k cryptocurrencies, and many popping up daily in the name of tokens through the ICO type. Quote what are the major differeces? There are a lot consisting of, but not limited to: - Their algorithm (SHA256, X11, SCRYPT, etc). - Their total supply - Their features (anonymity level, transaction fees, block size, block times, addresses) These cryptocurrencies probably share the same idea, i.e.; getting the job done under decentralization (without anybody's involvement) whether it is related to Agriculture or Accounting or Telecommunication, even Music. Title: Re: cryptocurrency Post by: motoprose on January 26, 2018, 10:55:19 PM what are the different types of cryptocurrencies? what are the major differeces? They are cleaner and also list just as many coins on there. 2,551 crypto currency listings as of this post. Title: Re: cryptocurrency Post by: Anti-Cen on January 26, 2018, 11:33:35 PM They are cleaner and also list just as many coins on there. 2,551 crypto currency listings as of this post. I wonder how many of them are running on ETH using "Smart Contracts" that are really just bean counters We are ICOed out i think Title: Re: cryptocurrency Post by: MoizAhmed on January 27, 2018, 04:07:11 AM Every coin has their own programming and expertise, it depends on you at which you invest.
Title: Re: cryptocurrency Post by: christabits on January 27, 2018, 10:53:41 PM Bitcoin was created as a peer to peer electronic cash system. It is a decentralized network of computers that stores transactions in a ledger, in the form of a blockchain. Bitcoin was created as an open-source project, which means the code was visible from the first day to the whole world to examine, copy, and modify.
Title: Re: cryptocurrency Post by: christabits on January 27, 2018, 10:56:05 PM secondly, There is a lot of interest in the idea of ‘blockchain’ or ‘distributed ledger technology’ beyond the Bitcoin blockchain or beyond cryptocurrencies altogether. These proposals have morphed into a complex set of systems especially used in certain financial industry applications. These ‘blockchains’ are private by nature and usually work at an enterprise level
Title: Re: cryptocurrency Post by: etron on January 28, 2018, 01:13:38 PM what are the different types of cryptocurrencies? what are the major differeces? Title: Re: cryptocurrency Post by: markleal on January 30, 2018, 05:23:23 AM First of all, I suppose you should differ cryptocurrencies based on protocol behind then. Basically we could to separate protocols by next features: 1) Block validators motivation way based on consensus 2) Transaction and data storing rules One of them give us way to exchange value in a private way (ZCash, Monero, Dash), another provide VM for smart-contracts. Some of them allow anyone to mine cryptocurrency, another require stakes to "forge" coins. I think great way to understand most of them: select some which is most interested for you from list below and we will discuss more about them: Top 100 Cryptocurrencies in few words Code: Name | Sym. | Description Hi there alerdenisov! Nice post! I wonder if you could have include the programming languages they use in each of those coins and it could be more awesome if the protocols were also be indicated. Anyway, I can't see a table like that so i affirm your good work there. I just don't have enough merit to add it for you. what are the different types of cryptocurrencies? what are the major differeces? I think you could also check this post https://bitcointalk.org/index.php?topic=134179.0 to to gain more further insight with different coins. As of now most of the so called "major coins" are listed by their price and popularity or other are by market cap and traded volume and not by the innovation it brings. Title: Re: cryptocurrency Post by: chimcoin on January 31, 2018, 06:57:55 AM These are some of the deference among this few cryptocurrency :
Bitcoin ,invented in 2009, is the largest cryptocurrency by value. A whitepaper was released by Satoshi Nakamoto, outlining the aim of the project. The original document stated that bitcoin is a "peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution." It runs on a technology known as blockchain, which is a digital ledger of activity that cannot be tampered with. It's decentralized because there is no central authority governing bitcoin. Ethereum, the name of a blockchain company that has created the digital token ether. But Ethereum and ether are now used interchangeably to refer to the cryptocurrency. Ether is backed by a blockchain, much like bitcoin, but the technology is slightly different and aimed at a specific use case: smart contracts. Bitcoin cash, Bitcoin cash was created earlier this year after bitcoin split in what is known as a "hard fork." Ripple, Ripple markets itself as a cross-border payments solution for large financial institutions based on blockchain technology..The Ripple digital currency, known as XRP, can be used by enterprise to get instant liquidity needed in a high-value transaction, without having to pay fees. XRP acts as a bridge between fiat currencies during a transaction. Ripple said transactions in XRP can be settled in four seconds, faster than any major cryptocurrency right now. Litcoin, bitcoin's closest rival in terms of the use case. Founder Charlie Lee has, on numerous occasions, said the cryptocurrency can be used for payments because it's faster than bitcoin. There is a limited supply of 84 million litecoins, compared to 21 million bitcoin. Currently, 54,293,533 litecoin and 16,740,175 bitcoin are in circulation. Title: Re: cryptocurrency Post by: Pei on January 31, 2018, 06:58:31 AM Bitcoin is the first crypto currency in the crypto graphy network all other crypto currencies are the followers of the original crypto currency with additional features in them, all other crypto currencies other than bitcoins are termed as altcoins and currently there are more than 1500 crypto currencies or altcoins in the crypto graphy network, some of the good altcoins are litecoin, peercoin, dash coin , primecoin the differences will be the transaction speed will be higher in the altcoins with low cost of transaction compared to bitcoins.
Title: Re: cryptocurrency Post by: Anti-Cen on January 31, 2018, 01:45:55 PM Block-Chain as one big long snake won't scale if you want all transactions "on-Block" and sooner or later you are going to hit the buffers
regardless of the block size or timing and even with compression of the blocks using something like Segwit Distributed Network Architecture (DNA) has been around for years and the developer of Bitcoin forgot to use it from day one and now they have hit the buffers as would be expected with the database now being something over 200gb of data. Ripple, IOTA, HashGraph, NEO have all solved the problem using various techniques and it's systems like these that will survive in the long term and they have traded off academic arguments against practicability when it comes to centralization which Bitcoin with the lightning network has also been forced to do but they got this wrong also because the banker hubs are not distributed so if the bank goes down and you only have one channel open then your on a bank holiday, like it or not. Block-chain is good but they have a missing link that I am investigating that will allow the BC to scale but it cannot be retrofitted to Bitcoin and is a type if hybrid BC but it requires specialist nodes in a cluster that I call coordinators because one size fits all results in every man/node for himself and this just creates network clutter. |