I see alot of people excited about different alt coins everyday. I also see people making calls for different coins to spike or drop or go to the moon. This is all fantastic… although i’ve noticed a lack of description for coins, so i wanted to create a resource where people can get a quick Idea about what a certain coin is, the platform, and what exectly the project is all about. This will be expanded in time.
I’ve also included links to the whitepapers for the coins, so you can get an even more indepth understanding if you so choose.
BitCoin (BTC) - BlockChain Ecomony
BitCoin was the first blockchain based currency. It is often misdescribed as digital currency but it is actually the original decentralized economy. BitCoin transactions are confirmed through mined Proof of Work/Mining.
Ethereum (ETC) Smart Contract Based BlockChain Economy
Ethereum was the first BlockChain economy (like Bitcoin) to introduce smart contracts. Ethereum is a decentralized platform for DevApps utulizing trustful automized smart contracts. Ethereum transactions are confirmed through Proof of Work/Mining
LiteCoin (LTC) - BlockChain Economy
LiteCoin is a BlockChain based coin that has looked to improve on the longer transaction times of BitCoin. While transfers are not “instant” they are among the fastest to transfer among tethered coins. LiteCoin transactions are proof of work/mined.
Dash (DASH) - BlockChain Economy
Dash is a BlockChain bases decentralized economy similar to BitCoin that focuses on giving bigger rewards to hosted “master nodes” which help ensure fast confirmations of transactions on the block chain. Dash also puts a heavy focus on marketing and education people about crypto currency. Dash is a Proof of Work/Mined for transactions.
NEO (NEO) - Smart Economy/Smart Contract Base BlockChain Economy
OmiseGo (OMG) - Decentralized Payment Platform
OmiseGo is an alt coin platform built on the Ethereum blockchain. They look to solve the problem with paying for transactions in the real world using crypto currency while not introducing a centralized authority. OmiseGO usses “eWallets” and eventually physical cards to allow users to isntantly transfer payments to merchants using their crypto currencies.
TenX (PAY) - Decentralied Payment Platform/Debit Card
TenX is a BlockChain based “isntant pay” token that utilizes debit cards to be able to spend your TenX tokens in the real world. They utilize their “COMIT” protocol to gaurantee safe and secure transactions oftheir tokens.
TokenCard (TKN) - Decentralied Payment Platform/Debit Card
TokenCard is a payment platform based on the Ethereum blockchain that utilizes a debit card to fund, pay, and withdraw via ATM ERC20 tokens. They have introduced a “Cash and Burn” system where users can destroy their tokens to earn a prorated portion of licesning fees.
Monaco (MCO) - Decentralied Payment Platform/Debit Card
Monaco is a payment platform based on the ehtereym blockchain that utilizes a debit card to pay for merchant services in real work applications. Monaco utilizes a form of dividend/profit sharing for those that funded their initial coin offering.
Monero (XMR) - Anonymous BlockChain
While users on most/all blockchains are anonymous, Monero looks to improve on the privacy and security of BitCoin by making all users completely anonymous and all transfers untraceable back to any one individual.
AdEx (ADEX) - Advertising Platform
Adex is a decentralized ad network that looks to provide transparency among costs an fees among networks of advertising agencies. Beyond its use of the BlockChain, Adex looks to grab a hold of the market developing Video On Demand ads and subscription based web browsing ad platforms.
Edgeless (EDG) - Online Casino/Smart Contract Betting
Edgeless is a 0% house edge online casino that utilizes smart contracts for betting to maintain complete trust between the house and the gamblers as well as provide 100% transparent earnings to stakeholders. Edgeless pays out dividends to its stake holders by issuing a free lottery of 40% of their earning every month.
Ripple (XRP) - Financial Transaction Platform
Ripple is a decentralized blockchain platform geared towards financial institutions allowing them to process their customers’ payments anywhere in the world instantly, reliably and cost-effectively. Banks and payment providers can use the digital asset/ripple token to further reduce their costs and access new markets.
Syscoin (SYS) - Online Marketplace/BlockChain DNS
Syscoin is a blockchain based online marketplace similar to ebay or amazon. Syscoin’s platform creates a DNS type platform linking wallet addresses to usernames to allow users to advertise, trade, and sell products.
Please let me know if I have any inaccuracies.
**** MORE TO COME ***