Bitcoin is a Peer-to-Peer electronic transfer system that was launched in 2009 following a white paper published by a mysterious person(s) called Satoshi Nakamoto (The true identity is yet to be established). Unlike traditional currencies that are subject to regulations by monetary policies, Bitcoin is operated by a decentralized system making. Bitcoin is ideally the…
Ethereum, a rising star in the tech scene, is an open software platform that is established on the Blockchain technology to enable independent developers to develop and launch decentralized applications. These can be both Smart Contracts and Distributed Application which can run without any downtime, fraud, control or any third party interference. Smart Contracts is…
Bitcoin Cash is a peer-to-peer electronic cash system that is fully decentralized, and requires no trusted third parties to operate. It was created after Bitcoin users disagreeing with how the network should evolve over time. Bitcoin Cash (BCC) was created after the Bitcoin network experienced a fork. A fork is the split of a blockchain…
Ripple was launched in 2012 as a medium of currency exchange and a remittance network. It is a real-time gross settlement scheme which is built upon a distributed open source internet protocol, consensus ledger and native currency. Ripple is both the name of the payment network and the protocol that powers it. Its currency is…
Litecoin is an alternative cryptocurrency launched in 2011, based primarily on the Bitcoin concept. It’s a peer-to-peer electronic currency that was developed to enable near-zero cost payments in an instant and is accessible to anyone around the world. The mathematics behind this inventions allows it end-users to manage their finances on a safe and secure…
Nem is a peer-to-peer electronic money system and blockchain launched in 2015 that introduced new features to the blockchain technology with a wide distribution model than existing cryptocurrencies. Some of the new features NEM introduces is the proof-of-importance algorithm, multi-signature accounts, encrypted messages and an Eigentrust ++ reputable system. This blockchain software is incorporated in…
Ethereum Classic is an open-source blockchain. The network is based on a distributed computing platform characterized by smart contracts. This cryptocurrency was born as a result of a rebellion against Ethereum’s hard fork update. Its main goal was to retrieve funds from the Decentralized Autonomous Organization after it was corrupted and hacked. The Decentralized Autonomous…
Dash, just as Bitcoin, is an open source peer-to-peer electronic currency/cryptocurrency, featuring advanced capabilities and instant transaction, private transaction, and decentralized governance. It is the first privacy-centric cryptocurrency based on the Bitcoin framework. It proposes a series of improvements to the Bitcoin network resulting in the creation of a strongly anonymous cryptocurrency, with tamper-proof transactions….
IOTA is a new transactional settlement and data integrity layer peer-to-peer decentralized cryptocurrency. The design behind this new system is based on a new distribution ledger known as the Tangle, which is design to overcome the challenges and improve on the efficiency of existing blockchains. Under Tangle, every transaction acts as an approval to two…
Monero was launched in April 2014 as an open source cryptocurrency that put emphasis on user privacy, currency decentralization, and block scalability. During the launch, there was no premine and instantmine, and there existed no block rewards sets aside for development. However, since the launch and the rift created when the developers tried to impose…