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 A cryptocurrency is a digital or virtual currency that


uses cryptography for security. A cryptocurrency is
difficult to counterfeit because of this security feature.
Many cryptocurrencies are decentralized systems
based on blockchain technology, a distributed ledger
enforced by a disparate network of computers. A
defining feature of a cryptocurrency, and arguably its
biggest allure, is its organic nature; it is not issued by
any central authority, rendering it theoretically
immune to government interference or manipulation.
 Bitcoin is a cryptocurrency, a form of electronic cash. It
is a decentralized digital currency without a central
bank or single administrator that can be sent from user
to user on the peer-to-peer bitcoin network without
the need for intermediaries.
 Litecoin, launched in 2011, was among the initial
cryptocurrencies following bitcoin and has often been
referred to as “silver to bitcoin’s gold.”
 It was created by Charlie Lee, an MIT graduate, and
former Google engineer.
 Vitalik Buterin, a 19 years old programmer created
Etherium.
 Launched in 2015, Ethereum is a decentralized
software platform that enables Smart Contracts and
Distributed Applications (DApps) to be built and run
without any downtime, fraud, control or interference
from a third party.
 Originally released in 2012 as a subsequent iteration of
Ripplepay, Ripple is a real-time gross settlement system (RTGS),
currency exchange and remittance network. Using a common
ledger that is managed by a network of independently validating
servers that constantly compare transaction records, Ripple
doesn't rely on the energy and computing intensive proof-of-
work used by Bitcoin. Ripple is based on a shared public
database that makes use of a consensus process between those
validating servers to ensure integrity. Those validating servers
can belong to anyone, from individuals to banks.
 The Ripple protocol (token represented as XRP) is meant to
enable the near instant and direct transfer of money between
two parties. Any type of currency can be exchanged, from fiat
currency to gold to even airline miles. They claim to avoid the
fees and wait times of traditional banking and even
cryptocurrency transactions through exchanges.
 Launched in 2014, Dash was originally known as Darkcoin and
was designed to ensure user privacy and anonymity. In fact, the
cryptocurrency’s whitepaper, co-authored by Evan Duffield and
Daniel Diaz, describes it as “the first privacy-centric
cryptographic currency” based on Nakamoto’s work.
 While it still features strong encryption features, Dash has since
recast its ambitions. The cryptocurrency now aims to become a
medium for daily transactions. “Dash is Digital Cash you can
spend anywhere,” its website boldly proclaims.
 The shift in Dash’s vision has served it well. As of this writing, it
is the world’s 12thmost valuable cryptocurrency. In 2017, its price
jumped by more than 8,000% amid a sea of rising valuations for
cryptocurrencies.
 The transparency of blockchains is a great thing for some.
Businesses enjoy no customer chargebacks, users fancy not
being overcharged for goods and services. However, some
people and enterprises do not want to have others looking
into their balances and transaction histories. This is exactly
where coins like Zcash step in.
 Zcash offers immensely improved privacy if compared to
other cryptocurrencies. A scientific protocol called
Zerocoin was used in Zcash development along with zero-
knowledge proofs. These mechanisms allow Zcash to
protect the privacy of each transaction. With this
technology in use, the clients can choose the privacy
feature and hide details they would not like to share.
 Launched in 2014, Monero (XMR) is an open-source, privacy-
oriented cryptocurrency that is built and operates on
the blockchain concept. These blockchains, which form the
underlying technology behind digital currencies, are public
ledgers of participants' activities that show all the transactions
on the network.
 Monero's blockchain is intentionally configured to be opaque.
It makes transaction details – like the identity of senders and
recipients, and the amount of every transaction - anonymous by
disguising the addresses used by participants.
 Along with anonymity, the mining process for monero is based
on an egalitarian concept - the principle that all people are equal
and deserve equal opportunities. When launching monero, its
developers did not keep any stake for themselves, and banked on
contributions and community support to further develop the
virtual currency.
 Bitcoin Cash (BCH) is an altcoin version of the
popular Bitcoin cryptocurrency. Bitcoin Cash is the
result of a hard fork in blockchain technology. One of
the most significant changes from Bitcoin to Bitcoin
Cash is the size of the coin. Previously, Bitcoin’s
1MB limitation caused transaction delays, so Bitcoin
Cash increased the potential block size to enable a
greater number of transactions and help the
cryptocurrency scale as it grew and competed with
more traditional cryptocurrency platforms.
 Neo began life in 2014 and was known back then as Antshares. It was
founded by Da Hongfei and Erik Zhang and has been referred to as
‘China’s first blockchain platform’. Its popularity really only kicked off
in 2016, supposedly in response to growing interest in the space and a
need for blockchain solutions that meet the requirements of both
government regulators and private companies.
 In 2017, AntShares was rebranded as Neo. NEO is seen as an iteration of
the Ethereum’s smart contracts concept along with a unique blockchain
algorithm that improves upon Ethereum’s model.
 While the basics still apply, it also supports decentralized commerce,
identification and digitization of several assets. NEO also closes
loopholes that have caused some Ether contracts to be vulnerable to
hackers. Apart from the NEO cryptocurrency, NEO has one more
crypto-token called GAS (formerly know as ANC-Antcoins).
 Cardano is home to the Ada cryptocurrency, which can be used
to send and receive digital funds. This digital cash represents the
future of money, making possible fast, direct transfers that are
guaranteed to be secure through the use of cryptography.
 Cardano is more than just a cryptocurrency, however, it is a
technological platform that will be capable of running financial
applications currently used every day by individuals,
organisations and governments all around the world. The
platform is being constructed in layers, which gives the system
the flexibility to be more easily maintained and allow for
upgrades by way of soft forks. After the settlement layer that will
run Ada is complete, a separate computing layer will be built to
handle smart contracts, the digital legal agreements that will
underpin future commerce and business. Cardano will also run
decentralised applications, or dapps, services not controlled by
any single party but instead operate on a blockchain.
 Calling itself the most powerful infrastructure for
decentralized applications, EOS is a blockchain-based,
decentralized system that enables the development,
hosting, and execution of commercial-scale decentralized
applications (dApps) on its platform.
 No official full form exists for EOS, and the creators have
decided not to formally define it themselves. EOS supports
all of the required core functionality to allow businesses
and individuals to create blockchain-based applications in
a way similar to the web-based applications, like providing
secure access and authentication, permissioning, data
hosting, usage management, and communication between
the dApps and the Internet.
That’s all and
thank you for
listening…..

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