Could someone please put together a list of the "different" types of crypto currencies, for example we have POS, POW etc. Im confused to what each mean and how many there are, please provide a few examples of what coin falls into which category.
Thank You
Coin Generation / Securing the Blockchain:PoW (Proof-of-Work): Mining entails peforming a hashing algorithm on data until it meets specific criteria. This requires using computational power (work).
Examples: Bitcoin (original implementation of PoW), Litecoin, Dogecoin
PoS (Proof-of-Stake): Staking (sometimes called "minting") entails having coins that haven't been spent for a certain amount of time (this time is called "coin age"). When staking, you actually send coins to yourself, thereby reducing the coin age to zero, proving your "stake."
Examples: Peercoin (original implementation of PoS), Cinnicoin, Mintcoin
If you have another type of coin that needs clarifying, I'll just update this post so it can all be linked to conveniently.