Bitcoin cash

What is Bitcoin Cash? Bitcoin Cash (BCH) is a relatively recent hard fork of Bitcoin that was brought about in 2017 by a group of developers including Roger Ver, who felt like Bitcoin had become more of a digital investment rather than a transactional currency. They’ve increased the block size from 1MB to 32MB which allowed more transactions to be processed at a lower cost. What is a hard fork?

Dash

What is DASH? Dash (short for Digital Cash) is a fork of Bitcoin centered around anonymity and transaction speed. It was launched as Xcoin by Evan Duffield in 2014, later named Darkcoin, and finally rebranded to Dash in 2015. Mining & Masternodes Dash mining works similar to other cryptocurrencies where the foundation is a blockchain with a built-in Proof-of-Work (PoW) protocol and a decentralized public ledger. Governance of Dash is done through a form of decentralized autonomous organization (DAO), in which a number of “masternodes” perform standard hosting a copy of the blockchain, relaying messages, and validating transactions on the network.

Zec

What is ZCash? Zcash is a decentralized cryptocurrency that was started as a fork of Bitcoin by Zooko Wilcox and his team in 2016. It is based on the Zerocash protocol developed by American and Israeli scientists and aims to provide enhanced privacy for its users compared to other cryptocurrencies such as Bitcoin. Strong Privacy Features There are two types of addresses that can be used to make transactions: a “t-address”, which is “transparent” and similar to a Bitcoin address, and a “z-address”, that is fully private and allows its users to shield a transaction from being visible to third parties in the blockchain.

Tezos

What is Tezos? Tezos is a self-amending smart contract platform that is the brainchild of Arthur and Kathleen Breitman. The Whitepaper was released in 2014, and three years later Tezos went on to have the biggest initial coin offering (ICO) by amount raised at the time. The project is now up and running, with its native cryptocurrency Tez or Tezzie (XTZ) having gained significant market capitalization. Baking & Governance From the start, Tezos was intended to be an evolving network, so token holders are allowed votes on pending protocol developments, for which there is a rigorous mathematical basis.

Komodo

What is the Komodo Platform? Komodo is a global, interoperable blockchain ecosystem that provides some of the most innovative end-to-end blockchain technology solutions in the world. Founded by the anonymous James “jl777” Lee in 2016, Komodo began as a hard fork of ZCash, and in 2018, the entire BitcoinDark team joined the project, taking their user base along to Komodo’s native cryptocurrency. Security first There are four main technologies that drive the platform, and each is described in arguably the most in-depth whitepaper in the crypto world.

Ethereum

What is Ethereum? Ethereum is a distributed public blockchain network and a platform that enables developers to build and deploy decentralized applications such as smart contracts. Its whitepaper was written in 2013 by Vitalik Buterin, a Russian-Canadian programmer, and then it was subsequently released by him, Gavin Wood and Joseph Lubin in 2015. Ether & gas Ethereum has a Proof-of-Work (PoW) blockchain technology similar to that of Bitcoin. Miners work to earn Ethers (ETH), a type of crypto that is utilized for paying for transaction fees and services on the Ethereum network.

Litecoin

What is Litecoin? Litecoin (LTC) is an early hard fork of Bitcoin that was intended to have cheaper transactions and easier mining than the original. It was released by Charlee Lee, a Google employee, in 2011. The project had quickly become one of the most popular cryptocurrencies in the world. What is a hard fork? A hard fork is a code modification that creates a duplicate version of a cryptocurrency without backward compatibility, and it is usually done to bring radical changes that are otherwise impossible to make, which was the case with Litecoin.

Bitcoin

What is Bitcoin? BTC is the world’s first peer-to-peer digital currency with the largest market capitalization. Its enigmatic creator, Satoshi Nakamoto, published the bitcoin whitepaper in late 2008, and mined the first block (aka the genesis block) in 2009. What is a blockchain? It is a distributed public ledger that provides a mechanism for the transaction data to be stored in a chain of interconnected blocks, each one containing a hash of the previous block, along with other information.