Widely used in the world for the past seven years Bitcoin actually created a new financial system. In the operation of this system will inevitably detected its shortcomings and mistakes. In order to eradicate these shortcomings and thanks to the open source began to appear a huge number of varieties cryptocurrency, based course is Bitcoin. These different kinds are called forks cryptocurrency Bitcoins, from the English word "be branched". They all have a basis code of its parent, but they are not interchangeable. Each fork is characterized by at least one improvement over Bitcoin. The improvement can be considered and the possible increase in the number of coins, and the reduction of time for a transaction confirmation and more. Also at different encryption algorithms can produce forks and slower hardware, rather than for Bitcoins.
Many creators cryptocurrency want to repeat the success of Bitcoin and create a great many kinds of cryptocurrency. At present, their number is estimated hundreds. Not always the developers aim to significantly improve the most cryptocurrency, and often do so out of mercantile interests in the future to make money on the difference in rates banal. But such a strategy can not justify itself, because it is not known in advance what kind of cryptocurrency is popular and what is not. About once a week there is a new kind of cryptocurrency, and the total capacity of all the computers involved in the mining of all species cryptocurrency exceeds the total capacity of all superkompterov many times.
Let's try to understand what are the cryptocurrency today.
Bitcoin
Core cryptocurrency, which is the ancestor of the other cryptocurrency. By law it is called an e-gold, due to the cost of the coins and limit the maximum number of coins of 21 million pieces. Market capitalization now stands at more than 5 billion. Dollars.
Litecoin
The second most popular cryptocurrency, sometimes called electronic silver. For the price of less than Bitcoin more than 2 orders of magnitude. Founded in 2011, the founder of Charlie Lee comes from Google. Reducing the time of receipt of the same coin is about four times achieved by using special algorithms. The market capitalization of over $ 70 million.
Primecoin
Founder Sonny King invested in this kind of idea cryptocurrency deep processing of Bitcoin and began to exist even without pre-generated blocks before starting.
Peercoin
The main difference from other types of cryptocurrency is no limit on the number of issued coins regulator may only annual inflation at the level of 1%. Also interesting is the time that income is distributed not only among miners, but also among ordinary holders. The market capitalization of more than $ 9 million.
Namecoin
It was founded in 2011 and has the same restrictions as the coins and Bitcoin 21 million pieces. The focus of this type of cryptocurrency this domain industry, and for these coins you can buy domains .bit. The market capitalization of more than $ 6 million.
Feathercoin
Acts as the heir is laytkoina. The creators say that this kind of cryptocurrency have excellent security system, impervious to hacking.
Freicoin
Year 2013. The creators decided to take a tax for this type of simple cryptocurrency one holder of 5%, the committee held during the transfer from one holder to another. The number of coins is limited to 100 million units.
Of course this is not an exhaustive list of all types of cryptocurrency that exist at the moment. To list them all is not possible in this article, and the need is low. After all, every week there are more and more new forks. Anyone interested cryptocurrency, that as far as possible trying to track the emergence of new ones. After all, sometimes there are some really interesting species cryptocurrency, which subsequently can make good money.
If anyone has to accept any new kinds cryptocurrency that you think are significant prospects for earnings, write them here - discuss.
Author: @Anton333
Excellent cheat-sheet for crypto newbies!
A great primer in the early cryptos. This platform goes so far beyond these systems, however. I think this signals a change where it's not just monetary certificates, but any kind of agreement people can dream up. People get excited about the flexibility of platforms like ethereum, but Steem is an example of possible smart contracts you can run on Ethereum. It has been remarkably successful, and the devs @ned and @dantheman are not sitting on their laurels. Steem may not be exceptionally remarkable by standard metrics but it is leveraging human-to-human communication as a means to direct innovation. Within months it is going to leapfrog old school shit, I am quite sure of this. Thanks to the freeform nature of what you can log into the Steem blockchain.
Intresting and simple! Keep writing. Cryptocurrency its future...
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