CryptoCurrencies : Altcoin (Part 2)

Altcoin means alternatives to Bitcoin, there are thousands of cryptocurrencies in a market which is
base on blockchain technology.There some other CryptoCurrencies which is better than bitcoin in terms of technology.

Ethereum (ETH) 

Bitcoin only used for digital payment but ethereum is more than that because ethereum is token base coin means token can be any asset like Car ,House , Company shares etc. In simple terms

ethereum (ETH) use for any asset transactions.

It uses the Ethash mining algorithm, which is based off the Dagger-Hashimoto algorithm

Bytecoin (BCN)

Bytecoin is the first cryptocurrency created with CryptoNote technology and is not a Bitcoin fork. Bytecoin allows users to make absolutely anonymous money transfers through the CryptoNote algorithm. CryptoNote implements the ring signature technology which allows you to sign a message on behalf of a group. The signature only proves the message was created by someone from the group, but all the possible signers are indistinguishable from each other.

Even if outgoing transactions are untraceable, everyone may still be able to see the payments received and thus determine one's income. By using a variation of the Diffie-Hellman exchange protocol, a receiver has multiple unique one-time addresses derived from his single public key. After funds are sent to these addresses they can only be redeemed by the receiver; and it would be impossible to cross-link these payments.

Bytecoin is CPU-minable and ASIC resistant. Difficulty and max block size readjust automatically based on the system's previous state.

Ripple (XRP)

Ripple connects banks, payment providers, digital asset exchanges and corporate via RippleNet to provide one friction-less experience to send money globally.

Ripple Base on ethereum technology but Ripple can't be mine and It is not Decentralize because it is controlled by one company.

IOTA (IOT)

IOTA is a distributed ledger for the Internet of Things. The first ledger with micro-transactions without fees as well as secure data transfer. Means every device pay for each other work like in the future our most work done by bots (Machine) and Machine paid by IOTA for his work. Biggest threat to encryption is Quantum computer and it is  Quantum proof.

More About Cryptocurincy Please check following posts.

https://dotnetclan.blogspot.in/2018/01/cryptocurrencies-new-chapter-of-digital.html

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