Comparison of cryptocurrencies: Difference between revisions

From Bitcoin Wiki
Jump to navigation Jump to search
← Older edit
Lunokhod (talk | contribs)
Editors
55 edits
→‎Top 10 by market cap: Removed tonal bitcoin. This is not an alt-coin, it has no market cap and can not be traded, no one accepts TBC, and as far as I can tell, it is not a coin at all (just a representation of BTC using tonal number system).
Furunodo (talk | contribs)
Editors
451 edits
removing links to scamcoins
 
(326 intermediate revisions by 17 users not shown)
Line 1: Line 1:
This article aims to list relevant cryptocurrencies, and [[:Bitcoin:About#Alternative cryptocurrencies|is the only article allowed to discuss altcoins specifically]]. These coins are ordered according to [http://coinmarketcap.com/ market cap].
The cryptocurrency market is explosive which currently serves hundreds of currencies. Almost all of them are obvious scams—including many which purport to have a large market cap. This article aims to list only the most relevant cryptocurrencies in terms of novel technological advancements or strong engineering teams, or due to widespread awareness thereof. Direct, low-level scams should not be listed here.


== Top 10 by market cap ==
{| class="wikitable sortable"
=== Bitcoin (BTC) ===
! style="width: 100px;" | Cryptocurrency
* http://bitcoin.org/
! Exchange symbol
* blocks every '''10 min'''
! Launched
* coin supply* '''21 million''' coins will be available
! Anonymity
* difficulty adjustment* '''2016 blocks'''
! Max supply
* hashing algorithm '''SHA256d'''
! Algorithm
* Initial Reward '''50 '''coins per block
! Proof Type
* Launch Date: January 3rd, 2009
! Notes
 
! Website
=== Litecoin (LTC) ===
|-
* http://litecoin.org/
! {{rh}} | [[File:Bitcoin.png|16px|link=]] [[Bitcoin]]
* blocks every '''2.5 min'''
| BTC
* coin supply* '''84 million''' coins will be available
| 2009-01-03
* difficulty adjustment '''2016 blocks'''
| {{no|Low}}
* hashing algorithm '''scrypt '''
| style="text-align: right" | ~21,000,000
* Initial Reward '''50''' coins per block
| SHA256
* Launch Date: October 2011
| PoW
 
| First blockchain.
=== Peercoin (PPC) ===
| [https://bitcoin.org/ bitcoin.org]
* http://ppcoin.org/
|-
* https://bitcointalk.org/index.php?topic=101820.0
! {{rh}} | [[File:Bitcoin.png|16px|link=]] [[Tonal Bitcoin]]
* blocks every '''10 min'''
| TBC
* Coin supply* '''non-deterministic ''' coins will be available
| 2011-01-02
* difficulty adjustment '''each block'''
| {{no|Low}}
* hashing algorithm '''SHA-256'''
| style="text-align: right" | ~21,000,000
* Reward '''varies on difficulty''' coins per block
| SHA256
* Mining: Incorporates [[Proof of Stake]] coin Generation, contains central checksums to kickstart the protocol
| PoW
* Launch Date: approx August 19th, 2012  (date of its [http://ppcoin.org/static/ppcoin-paper.pdf whitepaper])
| First on-chain alternative.
** The public design phase of this coin was very brief.
| -
 
|-
=== Nxt (NXT) ===
! {{rh}} | [[File:Bitcoin_Cash.png|16px|link=]] BCash
* http://nextcoin.org
| BCH
* Pronounced as "Next"
| 2017-08-01
* Blocks every '''1 min'''
| {{no|Low}}
* Designed as 100% PoS ([[Proof of Stake|Proof-of-Stake]]) system
| style="text-align: right" | ~21,000,000
* Coin supply* '''1 billion''' coins exist from the start distributed by 74 founding stake holders
| SHA256
* Launch Date: September, 29, 2013
| PoW
 
| BCash is an altcoin based on an old snapshot of Bitcoin's blockchain (2017 Aug 1) with replay protection and an increased block size limit of 8MB. An unusual emergency difficulty adjustment algorithm causes significant periods of hyperinflation. Significant miner centralization; often a very low hashrate. Major proponents deliberately attempt to confuse new users into thinking BCash is actually Bitcoin, especially by using the name "Bitcoin Cash". On 15 November 2018, an airdrop of BCash occurred between two rival factions now called BCash (BCH) and CraigCoin (BSV).
=== Dogecoin (Doge) ===
| [https://www.bitcoincash.org/ bitcoincash.org]
* http://www.Dogecoin.com/
|-
* blocks every '''1 min'''
! {{rh}} | [[File:Bitcoin.png|16px|link=]] CraigCoin
* coin supply* '''99 Billion''' coins will be available and 5 Billion added every year.
| BSV
* hashing algorithm '''scrypt '''
| 2018-11-15
* Initial Reward '''1,000,000 - 0 (Random)''' coins per block
| {{no|Low}}
* Launch Date: December 2013
| style="text-align: right" | ~21,000,000
 
| SHA256
=== Namecoin (NMC) ===
| PoW
* https://en.bitcoin.it/wiki/Namecoin
| On 15 November 2018, a hard fork chain split of BCash occurred between two rival factions called BCH and BSV. Mostly based around a cult following of the fraudster Craig Wright who claims to be Satoshi (hence SV = Satoshi's Vision).
* (merged mined with BTC)
| https://bitcoinsv.io/
* https://github.com/vinced/namecoin
|-
* http://namecoin.info/
! {{rh}} | [[File:Namecoin.png|16px|link=]] Namecoin
* blocks every '''10 min'''
| NMC
* coin supply* '''21 million''' coins will be available
| 2011-04-18
* difficulty adjustment '''2016 blocks'''
| {{no|Low}}
* hashing algorithm '''SHA256d'''
| style="text-align: right" | ~21,000,000
* Initial Reward '''50 '''coins per block
| SHA256 Merged
* Launch Date: April 18, 2011
| PoW
 
| First cryptocurrency that implemented Satoshi's BitDNS idea. Essentially the first real altcoin. Still under active development. First merged-mined altcoin.
==Top 100==
| [https://namecoin.info/ namecoin.info]
 
|-
=== Anoncoin (ANC) ===
! {{rh}} | [[File:Dash.png|16px|link=]] Dash
* [https://anoncoin.net/ Anoncoin website]
| DASH
* [https://wiki.anoncoin.net Anoncoin wiki]
| 2014-01-18
* Built in support of I2P and Tor
| {{no|Low}}
* 4.2 million total coins
| style="text-align: right" | 22,000,000
* Block reward 5 ANC, halved every 306k blocks
| X11
* Block target 3.4 minutes, difficulty changes every block
| PoW/PoS
* Launched: June 2, 2013
| Introduced the X11 algorithm, which is just a composite function of multiple hashing algorithms. Had a significant failure mode in the beginning which equated to a majority premine by a small number of Amazon EC2 customers. This means their Master Node algorithm has been in a failure mode from the beginning.
 
| [https://dash.org/ dash.org]
The goal of Anoncoin is to provide a truly anonymous cryptocurrency. The location of the user is concealed by providing built-in support of the I2P darknet and Tor. [[Zerocoin]] will be implemented in an upcoming release, making it impossible to trace transactions in the blockchain.
|-
 
! {{rh}} | [[File:Ethereum_Classic-32x32.png|16px|link=]] Ethereum Classic
=== Bytecoin (BCN) ===
| ETC
* '''BCN''' https://bytecoin.org
| 2015-08-07
* '''CryptoNote''' technology https://cryptonote.org/
| {{no|Low}}
* Algorithm: '''CryptoNight'''
| style="text-align: right" | Infinite
* Started on July 4, 2012
| Ethash
* Block time: '''120 seconds (2 minutes)'''
| PoW
* Difficulty retargets each block
| Majority premine sale. Used to be known as just "Ethereum" and "ETH" until the Ethereum Foundation split off an altcoin using their trademark.
* Block reward decreases each block according to the formula: BaseReward = (MSupply - A)/2^18,  where MSupply = (2^64 - 1) atomic units and 'A' is amount of already generated coins
| [http://www.ethereumclassic.org/ ethereumclassic.org]
* Total 184.46 billion BCN
|-
* '''Forum''' https://bitcointalk.org/index.php?topic=512747.0
! {{rh}} | [[File:Ethereum.png|16px|link=]] Ethereum
* '''Forum''' https://cryptocointalk.com/forum/1362-bytecoin-bcn/
| ETH
* '''Twitter''' https://twitter.com/Bytecoin_BCN
| 2016-07-20
* '''Coin features:'''
| {{no|Low}}
**Difficult to trace payments by use of ring signature
| style="text-align: right" | Infinite
**Only CPU-mining & ASIC-resistant
| Ethash
**POW mechanism is a voting system for users
| PoW
 
| An altcoin of Ethereum Classic which split from ETC's blockchain in order to refund the Ethereum Foundation's members' money when the DAO was exploited. Regular hardforks to bail out larger losses by e.g. ETH foundation. Source of the ICO bubbles. Multiple client implementations which fail against each other in terms of consensus errors regularly. Requires multiple months of time to sync to eth blockchain. Contract-building tools interpret input incompatibly.
=== Devcoin (DEV) ===
|
* https://bitcointalk.org/index.php?topic=34586.0
|-
* (merged mined with BTC)
! {{rh}} | [[File:Litecoin.png|16px|link=]] Litecoin
* blocks every '''10 min'''
| LTC
* coin supply* '''constant generation''' coins will be available (???)
| 2011-10-07
* difficulty adjustment '''2016 blocks'''
| {{no|Low}}
* hashing algorithm '''SHA256d'''
| style="text-align: right" | ~84,000,000
* Reward '''50,000''' coins per block
| Scrypt
* '''EXTRA 90% block subsidy goes to foundation'''
| PoW
 
| Originally meant to be a CPU-friendly "silver" to Bitcoin's "gold", the early SCRYPT parameters, it was discovered later, led directly to GPU, and then ASIC-mining almost from the start.
=== FeatherCoin (FTC) ===
|
* http://feathercoin.com/
|-
* A fork of Litecoin
! {{rh}} | [[File:Monero.png|16px|link=]] Monero
* 243 million total coins
| XMR
 
| 2014-04-18
=== Freicoin (FRC) ===
| {{yes|High}}
* http://freico.in/
| Infinite (has tail emission of 0.6 XMR)
* http://www.freicoin.org/
| [https://github.com/tevador/RandomX RandomX] (formerly [[CryptoNight]])
* blocks every '''10 minutes'''
| PoW
* coin supply* '''100 million''' coins will be available
| The most successful implementation derived from the [[CryptoNote]] codedrop. Uses [https://www.ledgerjournal.org/ojs/index.php/ledger/article/view/34 Ring CT] and its own implementation of [[Confidential transactions]], [[ECDH_address|Stealth Addresses]], [[BIP_0156|Dandelion]]++ to enhance user privacy.
* difficulty adjustment '''2016 blocks'''
| [https://getmonero.org/ getmonero.org]
* hashing algorithm '''SHA-256'''
|-
* [http://www.freicoin.org/freicoin-generation-graph-t41-20.html#p532 Arithmetically decreasing] reward
! {{rh}} | [[File:Zcash-16x16.png|16px|link=]] Zcash
* EXTRA:
| ZEC
**4.89% annual [http://en.wikipedia.org/wiki/Demurrage_currency demurrage]
| 2016-10-28
**80% block subsidy [http://www.freicoin.org/application-developer-best-practices-t87.html#p919 goes to foundation for the first 3 years] (about 500 coins for each of first 161280 blocks, total 80m)
| style="background: lightyellow;text-align: center;" | Medium
 
| style="text-align: right" | ~21,000,000
=== GoldCoin (GLD) ===
| Equihash
* http://gldcoin.com/
| PoW
* https://www.gldtalk.org/
| First cryptocurrency that implemented the zerocash protocol. Large "Founder's Reward" which is paid out over the first few years of mining to people including Roger Ver.
* https://bitcointalk.org/index.php?topic=317568.0
| [https://z.cash/ z.cash]
* blocks every '''2 minutes'''
|-
* coin supply* '''123 million''' coins will be available
! {{rh}} | [[File:Zcoin-800x800.png|16px|link=]] Zcoin
* difficulty adjustment* '''60 blocks'''
| XZC
* hashing algorithm '''Scrypt'''
| 2016-09-28
* reward '''45''' coins per block
| style="background: lightyellow;text-align: center;" | Medium
 
| style="text-align: right" | ~21,000,000
=== IxCoin (IXC) ===
| Lyra2RE
* https://bitcointalk.org/index.php?topic=36701.0
| PoW
* (merged mined with BTC)
| First cryptocurrency that implemented the zerocoin protocol which also makes it the first useful Zero-knowledge proof based anonymous cryptocurrency. First that implements Merkle Tree Proof of Work (MTP).
* blocks every '''10 min'''
|
* Coin supply* '''21 million''' coins will be available
|-}
* difficulty adjustment '''2016 blocks'''
* hashing algorithm '''SHA1'''
* Reward '''96 '''coins per block
 
=== Mastercoin (MSC) ===
* http://www.mastercoin.org
* Coin supply: 619478.59338440 MSC
* Launch Date: September 1, 2013
* Blockchain: Uses Bitcoin for transport, storage and security, inherits Bitcoin Protocol properties
* Extended Properties: Distributed Exchange, Savings & Guardian Addresses, Contracts for Difference, Smart Properties, User Currencies
* Protocol: Master Protocol
* Spec Github Repo: https://github.com/mastercoin-MSC/spec
 
=== Megacoin (MΣC) ===
* http://www.megacoin.co.nz/
* https://forum.megacoin.co.nz
* Block Target is 2.5 minutes
* Block reward halved every every 420,000 blocks
* 25 coins per block
* 42 Million total coins
* Difficulty changes every block
 
The implentation of the Kimoto Gravity well retargets difficulty every block. This keeps mining fair and secure for all miners and users of the coin, and prevents the rampant multipool abuse that was (and still is) common with most all other altcoins out on the market today.  
 
=== Netcoin (NET) ===
* Main - http://netcoin.org.uk/
* Forums - http://forum.netcoinfoundation.org/
* blocks every '''1 min'''
* coin supply* '''320.6 million''' coins will be available
* difficulty adjustment* '''60 blocks'''
* hashing algorithm '''Scrypt'''
* Initial Reward '''1024 '''coins per block
* Reward Halves '''Every 3 months or 129,600 Blocks'''
* Market Cap: approx. $200,000 (Dec 4th, 2013)
* Launch Date: Sept 2nd, 2013
 
=== Terracoin (TRC) ===
* http://terracoin.org/
* blocks every '''2 minutes'''
* coin supply* '''42 million''' coins will be available
* difficulty adjustment '''30 blocks'''
* hashing algorithm '''SHA-256'''
* Reward '''20''' coins per block
 
==See Also==
* [http://bitcointalk.org/index.php?topic=134179.0 List of all cryptocoins] curated list on BitcoinTalk forum.


[[Category:Alternative cryptocurrencies]]
[[Category:Alternative cryptocurrencies]]

Latest revision as of 13:10, 28 July 2020

The cryptocurrency market is explosive which currently serves hundreds of currencies. Almost all of them are obvious scams—including many which purport to have a large market cap. This article aims to list only the most relevant cryptocurrencies in terms of novel technological advancements or strong engineering teams, or due to widespread awareness thereof. Direct, low-level scams should not be listed here.

Cryptocurrency Exchange symbol Launched Anonymity Max supply Algorithm Proof Type Notes Website
Bitcoin BTC 2009-01-03 Low ~21,000,000 SHA256 PoW First blockchain. bitcoin.org
Tonal Bitcoin TBC 2011-01-02 Low ~21,000,000 SHA256 PoW First on-chain alternative. -
BCash BCH 2017-08-01 Low ~21,000,000 SHA256 PoW BCash is an altcoin based on an old snapshot of Bitcoin's blockchain (2017 Aug 1) with replay protection and an increased block size limit of 8MB. An unusual emergency difficulty adjustment algorithm causes significant periods of hyperinflation. Significant miner centralization; often a very low hashrate. Major proponents deliberately attempt to confuse new users into thinking BCash is actually Bitcoin, especially by using the name "Bitcoin Cash". On 15 November 2018, an airdrop of BCash occurred between two rival factions now called BCash (BCH) and CraigCoin (BSV). bitcoincash.org
CraigCoin BSV 2018-11-15 Low ~21,000,000 SHA256 PoW On 15 November 2018, a hard fork chain split of BCash occurred between two rival factions called BCH and BSV. Mostly based around a cult following of the fraudster Craig Wright who claims to be Satoshi (hence SV = Satoshi's Vision). https://bitcoinsv.io/
Namecoin NMC 2011-04-18 Low ~21,000,000 SHA256 Merged PoW First cryptocurrency that implemented Satoshi's BitDNS idea. Essentially the first real altcoin. Still under active development. First merged-mined altcoin. namecoin.info
Dash DASH 2014-01-18 Low 22,000,000 X11 PoW/PoS Introduced the X11 algorithm, which is just a composite function of multiple hashing algorithms. Had a significant failure mode in the beginning which equated to a majority premine by a small number of Amazon EC2 customers. This means their Master Node algorithm has been in a failure mode from the beginning. dash.org
Ethereum Classic ETC 2015-08-07 Low Infinite Ethash PoW Majority premine sale. Used to be known as just "Ethereum" and "ETH" until the Ethereum Foundation split off an altcoin using their trademark. ethereumclassic.org
Ethereum ETH 2016-07-20 Low Infinite Ethash PoW An altcoin of Ethereum Classic which split from ETC's blockchain in order to refund the Ethereum Foundation's members' money when the DAO was exploited. Regular hardforks to bail out larger losses by e.g. ETH foundation. Source of the ICO bubbles. Multiple client implementations which fail against each other in terms of consensus errors regularly. Requires multiple months of time to sync to eth blockchain. Contract-building tools interpret input incompatibly.
Litecoin LTC 2011-10-07 Low ~84,000,000 Scrypt PoW Originally meant to be a CPU-friendly "silver" to Bitcoin's "gold", the early SCRYPT parameters, it was discovered later, led directly to GPU, and then ASIC-mining almost from the start.
Monero XMR 2014-04-18 High Infinite (has tail emission of 0.6 XMR) RandomX (formerly CryptoNight) PoW The most successful implementation derived from the CryptoNote codedrop. Uses Ring CT and its own implementation of Confidential transactions, Stealth Addresses, Dandelion++ to enhance user privacy. getmonero.org
Zcash ZEC 2016-10-28 Medium ~21,000,000 Equihash PoW First cryptocurrency that implemented the zerocash protocol. Large "Founder's Reward" which is paid out over the first few years of mining to people including Roger Ver. z.cash
Zcoin XZC 2016-09-28 Medium ~21,000,000 Lyra2RE PoW First cryptocurrency that implemented the zerocoin protocol which also makes it the first useful Zero-knowledge proof based anonymous cryptocurrency. First that implements Merkle Tree Proof of Work (MTP).
Retrieved from "https://en.bitcoin.it/w/index.php?title=Comparison_of_cryptocurrencies&oldid=68083"