Why Ethereum is my favorite coin
Ethereum is an open-source platform that hosts the cryptocurrency Ether. Its name often comes up after Bitcoin in discussion of cryptocurrencies.
Based on its logo , Ethereum is a modern, futuristic brand with a minimalist touch, as seen in their typography and the use of negative space.
Take note of a few specific details. First, Ethereum also uses a silvery blue as one of their leading colors, just like Bitcoin. Their logo itself employs several different shades.
Second, Ethereum introduces us to the angular and grid-like styles that are coming to dominate cryptocurrency design. Their logo is a geometrist’s dream of triangles, and their header image also creates a triangle with a grid of repeating lines.
Is a P2P protocol and network that is used as cryptocurrency, payment system and merchandise. Its native account unit is called bitcoin; These units are those used to account for and transfer value, so they are classified as digital currency.
Bitcoin is characterized by being decentralized, that is, it is not backed by any government or central bank, and lacks legal security.
Bitcoin, and in general cryptocurrencies, are an innovative project in constant evolution and change. There is a certain consensus on the potential of cryptocurrency or digital money, auguring a future in which these will become a system of universal exchange.
Ripple
Ripple’s logo may be a cryptocurrency wildcard, but a close look at their website looks all too familiar. For starters, we see a prominent blue scheme (similar to Bitcoin and Ethereum) that leans towards minimalism with simple fonts and flat illustrations.
futuristic feel. But they take it to another level by incorporating it into many of the images on its site and using it to explain functionality. They combine the circuitry with hexagons, an angular shape that goes perfectly with the grid trend of cryptocurrency design.
The Litecoin is a decentralized P2P cryptocurrency created by Charlie Lee in October 2011. It was created as an open source project inspired by Bitcoin, so it is virtually identical in most of its technical aspects. In the end, what is involved in both cases is to allow a person to send money to another without intermediaries such as banks and anonymously and safely.
However, there are at least four fundamental differences between Litecoin and Bitcoin: its speed, its number of coins, its market capitalization and changes in the algorithm. They are not big differences, but they are enough to change their philosophy slightly.
To begin with, the first big difference is the speed at which transactions are made. The Litecoin network performs the processing of a block every 2.5 minutes instead of every 10 minutes, which means that it generates the blocks of its chain four times faster than Bitcoin. This serves to confirm the transactions that are carried out at a higher speed.
The number of Litecoins is also finite. But if there will only be 21 million Bitcoins, 84 million Litecoins will be created.
Second is the amount of coins you plan to generate. One of the things that gives Bitcoin more value than conventional currencies is that it generates a fixed amount of new currencies every year, and that its number is finite. Bitcoin will stop creating new units when it reaches 21 million coins, while Litecoin will stop at 84 million.
Then there is the fact that the Litecoin was the first coin that changed the hashing algorithm and used scrypt. The first benefit of this change is that it makes any PC able to dedicate itself to mining, turning its back on professional miners and democratizing a bit the creation of the cryptocurrency. In addition, verifiers are more distributed than with coins based on SHA-256.
And then we have its market capitalization, which is a measure by which its economic dimension is measured. For those of us who do not know economics, this measure can be a bit ambiguous, but you can get an idea if we tell you that the Bitcoin right now is 288,687 million dollars, while the Litecoin is only 17,842 million. Despite that, the Litecoin is now the fourth cryptocurrency with more value in the market, which is not bad either.
Steem's Blockchain is also the basis of other tokens: an asset called Steem dollars that is intended to always have the value of an American dollar and that is used as part of the payment to authors and curators. ... The more Steem power a user has, the more impact their votes have.
Steemit is a social network that combines the creation of content, interaction with users and the use of a cryptocurrency called Steem.
It is the cryptocurrency on which Steemit is based. It is quite similar to Bitcoin, although a big difference is that the rewards are more for authors and curators than for the creators of currency or miners.
Steem's Blockchain is also the basis of other tokens: an asset called Steem dollars that is intended to always have the value of an American dollar and that is used as part of the payment to authors and curators. Steem and dollar steem can be bought and sold in the cryptocurrency market.
Litecoin is a peer-to-peer Internet currencythat enables instant, near-zero cost payments to anyone in the world.
Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances
Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency.
With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.
The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future. As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.
@patrik.malinsky what is happening Na.... I taught the winner of the contest is to be announced at the expiration of the post.. And we are still yet to hear from you.. Please say something thanks...
Why Ethereum is my favorite coin
Ethereum is an open-source platform that hosts the cryptocurrency Ether. Its name often comes up after Bitcoin in discussion of cryptocurrencies.
Based on its logo , Ethereum is a modern, futuristic brand with a minimalist touch, as seen in their typography and the use of negative space.
Take note of a few specific details. First, Ethereum also uses a silvery blue as one of their leading colors, just like Bitcoin. Their logo itself employs several different shades.
Second, Ethereum introduces us to the angular and grid-like styles that are coming to dominate cryptocurrency design. Their logo is a geometrist’s dream of triangles, and their header image also creates a triangle with a grid of repeating lines.
Ripple
Ripple’s logo may be a cryptocurrency wildcard, but a close look at their website looks all too familiar. For starters, we see a prominent blue scheme (similar to Bitcoin and Ethereum) that leans towards minimalism with simple fonts and flat illustrations.
futuristic feel. But they take it to another level by incorporating it into many of the images on its site and using it to explain functionality. They combine the circuitry with hexagons, an angular shape that goes perfectly with the grid trend of cryptocurrency design.
You got a 6.78% upvote from @dailyupvotes courtesy of @patrik.malinsky!
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Great post!
Thanks for tasting the eden!
The Litecoin is a decentralized P2P cryptocurrency created by Charlie Lee in October 2011. It was created as an open source project inspired by Bitcoin, so it is virtually identical in most of its technical aspects. In the end, what is involved in both cases is to allow a person to send money to another without intermediaries such as banks and anonymously and safely.
However, there are at least four fundamental differences between Litecoin and Bitcoin: its speed, its number of coins, its market capitalization and changes in the algorithm. They are not big differences, but they are enough to change their philosophy slightly.
To begin with, the first big difference is the speed at which transactions are made. The Litecoin network performs the processing of a block every 2.5 minutes instead of every 10 minutes, which means that it generates the blocks of its chain four times faster than Bitcoin. This serves to confirm the transactions that are carried out at a higher speed.
The number of Litecoins is also finite. But if there will only be 21 million Bitcoins, 84 million Litecoins will be created.
Second is the amount of coins you plan to generate. One of the things that gives Bitcoin more value than conventional currencies is that it generates a fixed amount of new currencies every year, and that its number is finite. Bitcoin will stop creating new units when it reaches 21 million coins, while Litecoin will stop at 84 million.
Then there is the fact that the Litecoin was the first coin that changed the hashing algorithm and used scrypt. The first benefit of this change is that it makes any PC able to dedicate itself to mining, turning its back on professional miners and democratizing a bit the creation of the cryptocurrency. In addition, verifiers are more distributed than with coins based on SHA-256.
And then we have its market capitalization, which is a measure by which its economic dimension is measured. For those of us who do not know economics, this measure can be a bit ambiguous, but you can get an idea if we tell you that the Bitcoin right now is 288,687 million dollars, while the Litecoin is only 17,842 million. Despite that, the Litecoin is now the fourth cryptocurrency with more value in the market, which is not bad either.
Steem's Blockchain is also the basis of other tokens: an asset called Steem dollars that is intended to always have the value of an American dollar and that is used as part of the payment to authors and curators. ... The more Steem power a user has, the more impact their votes have.
Steemit is a social network that combines the creation of content, interaction with users and the use of a cryptocurrency called Steem.
It is the cryptocurrency on which Steemit is based. It is quite similar to Bitcoin, although a big difference is that the rewards are more for authors and curators than for the creators of currency or miners.
Steem's Blockchain is also the basis of other tokens: an asset called Steem dollars that is intended to always have the value of an American dollar and that is used as part of the payment to authors and curators. Steem and dollar steem can be bought and sold in the cryptocurrency market.
Thank you
Litecoin is a peer-to-peer Internet currencythat enables instant, near-zero cost payments to anyone in the world.
Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances
Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency.
With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.
The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future. As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.
@patrik.malinsky what is happening Na.... I taught the winner of the contest is to be announced at the expiration of the post.. And we are still yet to hear from you.. Please say something thanks...