CryptoCurrencies

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This is an overview of the commonly used and known Cryptocurrencies. If you think there should be a coin added to the list, just let us know. Also check out the Top 5 Crypto Currencies

bitcoinBitcoin 

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

Supply: 21 Million coins
Hashing Algorithm: SHA256D
Market Capitalization: $8.7 Billion
Launch Date: Jan 3rd 2009

www.bitcoin.org/en/

dogecoinDogecoin

is a Litecoid derived cryptocurrency that features the Shiba Inu from the “Doge” Internet meme on its logo. Dogecoin has a fast initial coin production schedule, compared with other cryptocurrencies. While there are currently few commercial applications for Dogecoin, the currency is gaining traction as an Internet tipping system, in which social media users grant Dogecoin tips to other users for providing interesting or noteworthy content.  Dogecoins are associated with the motto “To the moon”.

Supply: 100 Billion , end 2014
Hashing Algorithm: SCRYPT
Market Capitalization: $70 Million
Launch Date: Dec 8th 2013

www.dogecoin.com

litcoinLitecoin 

Litecoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world. It is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware. Litecoin provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have. The Litecoin network is scheduled to produce 84 million currency units. One of the aims of Litecoin was to provide a mining algorithm that could run at the same time, on the same hardware used to mine bitcoins. With the rise of specialized ASICs for Bitcoin, Litecoin continues to satisfy these goals. It is unlikely for ASIC mining to be developed for Litecoin until the currency is widely used.

Supply: 84 Million coins
Hashing Algorithm: SCRYPT
Market Capitalization: $525 Million
Launch Date: Oct 7th 2011

www.litecoin.org

namecoinNamecoin

Namecoin is an open source decentralized key/value registration and transfer system based on Bitcoin technology ,a decentralized cryptocurrency. Namecoin uses modified Bitcoin software, each Namecoin is divisible down to 8 decimal places. It allows you to, securely register and transfer arbitrary names (keys), attach values (data) to the names (currently up to 520 bytes, will be extended), and much more. Namecoin acts as an alternative, decentralized DNS, which would avoid domain name censorship by making a new top level domain outside of ICANN control, and in turn, make internet censorship much more difficult, as well as reduce outages.To register a name, you must own some namecoins (NMC, the internal cryptocurrency used by the software).

Supply: 21 Million
Hashing Algorithm: SHA256D
Market Capitalization: $97 Million
Launch Date: Apr 18th 2011

www.namecoin.info

nextcoinNxt 

Nxt is considered a second-generation cryptocurrency. With all the altcoins coming out that only change things such as hashing mechanism, time between blocks, starting difficulty, and so on, Nxt brings much much more to the table and was designed this way from the ground up. Nxt is not an altcoin such as litecoin, peercoin, and others who have their code based on Bitcoin’s source code are. It is brand new from scratch with its own code. Nxt utilizes a 100% proof of stake (PoS) mechanism versus the proof of work (PoW) mechanism other coins are based on. This effectively removes a security risk inherent in other coins, as the issue of a 51% attack and other vulnerabilities inherent to PoW coins become non-issues. Another plus here is how “green” it’s protocol is (not a reference to colored coins, that will come later) in power consumption, since 100% PoS mechanisms don’t require massive amounts of hashing power like Bitcoin and altcoins do. Visit their website for more information

Supply: 1 Billion
Hashing Algorithm: SHA1
Market Capitalization: $45 Million
Launch Date: Sep 29th 2013

www.nxtcrypto.org 

peercoinPeercoin

Peercoin’s original innovation is the proof-of-stake/proof-of-work hybrid system. Like other cryptocurrencies, initial coins can be mined, but the core network is maintained by coin holders, rather than the fastest pool. Increased Security, with maintaining the network through the hybrid proof-of-work/proof-of-stake algorithm reduces the risk of the Selfish-Miner Flaw, 51% attacks, and the block bloating that have been used to exploit other currencies. Energy and Cost Efficiency, with maintaining the network requires far less energy than generating hardware-intensive proof-of-work hashes. Proof-of-stake also does away with the ~$1 billion “tax” on the Bitcoin network through proof-of-work blocks.

Supply: No Hard Limit
Hashing Algorithm: SHA256
Market Capitalization: $111 Million
Launch Date: Aug 12th 2012

www.peercoin.net

primecoinPrimecoin 

Primecoin is an innovative cryptocurrency, a form of digital currency secured by cryptography and issued through a decentralized mining market. Derived from Satoshi Nakamoto’s Bitcoin, Primecoin introduces an unique form of proof-of-work based on prime numbers, and is the first cryptocurrency in the world designed with scientific computing as its work. The innovative prime proof-of-work in Primecoin not only provides security and minting to the network, but also generates a special form of prime number chains of interest to mathematical research. Thus primecoin network is energy-multiuse, compared to bitcoin network. Primecoin is designed to sustain a prosperous mining market and high level of security, while maintaining good scarcity property like gold. Primecoin also processes payment transactions 10x faster than bitcoin network.

Supply: No hard Limit
Hashing Algorithm: 6 Hashing Functions
Market Capitalization: $35 Million
Launch Date: July 21st 2013

www.primecoin.io

quark coinQuark  

Quark is a medium of exchange and a store of value. It is a digital currency with the power to profoundly influence the non-digital world. However, it is more than a currency, it is an ideology which adheres to the belief that the control of money should not be in the hands of the few, but in the hands of the many. Quark has the power to revolutionize the lives of individuals, regenerate the lifeblood of communities and alter the paths of nations. As Quark is not encumbered by financial institutions, broken governments or crooked markets, it is free to breathe money-power into all communities without punitive interference. Quark is in the ownership of anyone who owns a part of a Quark coin. No one should have the exclusive right to centralise this currency under any nation state, corporation, community or individual. It is a global medium of exchange joining together all peoples no matter where they reside. It is a untethered currency for an untethered generation and a lighthouse of hope in an uncertain financial future. It is a currency beyond borders. Its home is the whole Earth.

Supply: 247 Million
Hashing Algorithm: 6 Hashing Functions
Market Capitalization: $35 Million
Launch Date: July 21st 2013

www.qrk.cc

rippleRipple

Ripple is powered by mathematical algorithms, Math-Based, and XRP obeys fixed rules that can never be changed. That’s what makes it so secure and reliable. Because no person or organization controls XRP, it cannot be created, falsified, or duplicated. XRP payments are direct and peer-to-peer. XRP can be used without any third-parties, intermediaries, or other institutions. XRP transactions are automatically processed by a global network of computers running the Ripple transaction protocol. No counterparty risk = no chargebacks, frozen accounts, or processing delays. Paying with XRP is as direct and easy as paying with cash. XRP can be sent directly between any Ripple account without any transaction, network, or operator fees. (The only exception is the XRP security cost, see below.) XRP plays an important security service within the Ripple network. Every Ripple transaction destroys a tiny amount of XRP. This XRP security cost is insignificant to any normal Ripple user — even extremely high-volume users will lose, at most, the equivalent of a few pennies. However abusive users who attempt to spam the network with excessive transactions will soon run out of XRP and be forced to stop.

Supply: 100 Billion
Hashing Algorithm: SHA512
Market Capitalization: $1,8 Billion
Launch Date: July 21st 2013

www.ripple.com

vertcoinVertcoin 

Vertcoin is cryptograpihic currency, similar to BTC and LTC, with one major difference. As the forerunner of the digital currency movement, the original Bitcoin developers were unable to perceive all potential threats that would arise to challenge its mission as a decentralized currency. Millions of dollars were spent by various companies to build application specific integrated circuit ( ACIC) computers in an attempt to monopolize mining. These devices  made it so GPUs and CPUs were o longer useful in the mining process. As a result, the vast majority of Bitcoin mining and transactions would now be processed by large data centers that required hundreds of thousands, or millions of dollars in investment.

Supply: 84 Million
Hashing Algorithm: SCRYPT
Market Capitalization: $111 Million
Launch Date: 

www.vertcoin.org


see Top 5 CryptoCurrencies 

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