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Topic: cryptocurrency - page 2. (Read 392 times)

jr. member
Activity: 63
Merit: 1
December 14, 2017, 07:18:47 AM
#7
Thank you very much for that information
newbie
Activity: 1
Merit: 0
December 14, 2017, 07:11:57 AM
#6
Hi All,

I need some help and assistance i am new to this and , i ve been trying different websites to get into bitcoin trade but every attempt goes futile as most of these websites really donot provide a service that works, coinbase,bitstamp,coinmama gatehub etc etc, they wont even bother to register . is there a better way to buy crypto than these websites???
member
Activity: 392
Merit: 41
This text is irrelevant
December 14, 2017, 05:25:42 AM
#5

what are the different types of cryptocurrencies?

what are the major differeces?

All cryptocurrencies utilize same idea of public bookkeeping (also called blockchain). However different blockchains utilizes different algorithms of consensus (mechanism of achieving transaction validation). Also many blockchains implement different features (Ethereum virtual machine in ethereum for example, scrypt mining algorithm in Litecoin etc.). They all serve similar but slightly different purposes (Bitcoin is good for storing value, LiteCoin offers faster transactions, ETH is good for smart contracts, Zcash gives better anonimity of transactions). 

Thank you

np
jr. member
Activity: 42
Merit: 2
December 14, 2017, 04:49:11 AM
#4

what are the different types of cryptocurrencies?

what are the major differeces?

All cryptocurrencies utilize same idea of public bookkeeping (also called blockchain). However different blockchains utilizes different algorithms of consensus (mechanism of achieving transaction validation). Also many blockchains implement different features (Ethereum virtual machine in ethereum for example, scrypt mining algorithm in Litecoin etc.). They all serve similar but slightly different purposes (Bitcoin is good for storing value, LiteCoin offers faster transactions, ETH is good for smart contracts, Zcash gives better anonimity of transactions). 

Thank you
member
Activity: 392
Merit: 41
This text is irrelevant
December 14, 2017, 04:08:57 AM
#3

what are the different types of cryptocurrencies?

what are the major differeces?

All cryptocurrencies utilize same idea of public bookkeeping (also called blockchain). However different blockchains utilizes different algorithms of consensus (mechanism of achieving transaction validation). Also many blockchains implement different features (Ethereum virtual machine in ethereum for example, scrypt mining algorithm in Litecoin etc.). They all serve similar but slightly different purposes (Bitcoin is good for storing value, LiteCoin offers faster transactions, ETH is good for smart contracts, Zcash gives better anonimity of transactions). 
newbie
Activity: 26
Merit: 0
December 14, 2017, 03:02:51 AM
#2
Do you mean other cryptocurrencies besides Bitcoin? Well, here are a few of the most important ones:

1) Litecoin (LTC)
2) Ethereum (ETH)
3) Zcash (ZEC)
4) Dash
5) Ripple (XRP)
6) Monero (XMR)

This websites provides you more information about each of them: https://www.investopedia.com/tech/6-most-important-cryptocurrencies-other-bitcoin/

jr. member
Activity: 42
Merit: 2
December 13, 2017, 07:34:49 PM
#1

what are the different types of cryptocurrencies?

what are the major differeces?
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