A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies. A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
Bitcoin is the first digital currency introduced by a group (pseudonym Satoshi Nakamoto) in the year 2009. Nowadays many people are dealing with Bitcoin since it has become a more popular form of cryptocurrency. It is a digital currency created electronically. This currency is not printed like normal currencies. However, Bitcoin is produced by People and businesses that are running computers utilizing the mathematical problem-solving software.
Dashcoin is formerly known as Darkcoin. In March of 2015, Darkcoin was rebranded as Dashcoin. Dashcoin is a cryptocurrency based on the X11 algorithm. Notable features include fast, secure, anonymous transactions from anywhere in the world. Dashcoin is mined using the X11 algorithm - CPU mining and GPU mining is possible on Windows, Linux and OSX using ccminer, sgminer and other mining software. NVIDIA and AMD video cards are used for GPU mining and Dashcoin ASICs are coming soon. Bitcoin shows all the transection to the blockchain which makes the user uncomfortable to use it. Due to blockchain on the internet, it can become the leakage of bitcoin software but Dash doesn't show such a transaction even to the blockchain. Dash uses a two-tier network to improve its efficiency. Henceforth, the Transection done by Dash is just like a cash delivery. It works in a real time all over the world.
Ethereum (ETH) is a platform to make your contract system smart. This provides your online and offline mode contract policy between you and your shareholders. It never goes down according to the network. Hence, it removes the third parties between your contract systems. Here you directly communicate with your shareholder. So there will not be any chance of fraud.This is a decentralized system. So you can in distributed manner complete your work freely and submit your work. Therefore, all the things are very sharply preserved and make your contract system transparent. It follows the rule of bootstrap. That means it suits for your any size of your project. In today’s smart culture this is the best place to generate your market. Therefore, on your innovative idea or project, you can directly meet with your shareholder and increase your business.
Ethereum classic is an independent platform where exertion of any types of project is possible. It provides a platform to the businessman, consumer, and employee to develop the product and create a market virtually. However, Ethereum classic is the type of immutable, decentralized and unstoppable. It never goes down for working. It provides the decentralized system by which you can easily operate the business, work, market form any place even from your home. This Cryptocurrency also secures you from the third party brochure. Here you can directly meet with your client and easily communicate with them. Due to its decentralized system, you escape from corruption, nepotism, stagnation, and unaccountability.
LiteCoin is a peer to peer digital currency and it operates globally. It operates through a secure, transparent, decentralized network without any central authority monitoring. However, this open source network operates with instant almost zero cost payment all across the world, where users can control their own finances. This currency is a proven solution for online transactions like trade volume, liquidity, industry support. Therefore, this digital currency works as a complementary currency of BitCoin. The introduction of Litecoin version 0.8.5.1 has come into place in November 2013; however, during 2014 the second version of this digital currency was released.
Monero is a type of online currency. This monero currency is private, secure and untraceable. Monero platform provide user a open source and is available to for all type of user. When you use Monero you simply think that you are your own bank. You can everything manage it only by yourself. And the fund transaction, security, privatization is only became your responsibility. You will able to all the things which is by your bank for you.With the help of you will get three basic and most important things. Which are: Secure - Because it is used in online mode so for batter security it uses Distributes peer to peer network. This network is completely make secure with the latest high version of cryptography. And you data is locks in several layer so that it become impossible to crack by the hacker and others. And if stolen then any type of account file not be retrieves form thieves. Untraceable - The funds you transfer or spend here and there is not traceable for the any outer person. The Ring Signature scheme is used for this purpose. It creates too much ambiguity on your each transaction so that it became untraceable. Private - Due to digital signature it became private. Only you can open your account file. No one can open your file without your remission.
Ripple is a networking type website. It is made for making the transaction of money in real time throughout the world. The service provided by ripple is instant, low-cost, certain international payments. Now a busy and technology growing age every consumer aspect that very fast like in real time our working can be done. In this manner to make the financial consumer reliable ripple come into existence. Ripple directly works with banks to transfer the finance from one place to another in real time. This is really a very good step in our growing economy. It really utilizes the role of internet in our fast life. In simple word ripple is a type of distributed financial technology, which enables the banks to send the payment in real-time in international standards across the existing network.
Zcash is a decentralized &open source cryptocurrency. Therefore, it was developed by the Zerocoin Electric Coin Company. Hence, it offers privacy and selective transparency of transactions. The coin's protocol was develop in 2014 through collaboration of Zerocoin researches at John Hopkins University and a group of cryptographers at the Massachusetts Institute of Technolgy. Zcash uses a zero knowledge proof construction called Zk-SNARK. These ZK-SNARKS. Therefore, helpful in proving that nobody is cheating or stealing as the transaction metadata encryptes. The cryptocurrency is integrating arbitrage trading into web interface for coin holders in order to trade across various exchanges they integrate.