Crypto currencies are digital currencies that use encryption (cryptography) to generate money and to approve transactions.
New Coins are created by mining, review the list of currencies we believe you should know about.
Vertcoin is similar to bitcoin, but with improvements and added features – like ASIC resistant Proof-of-work (PoW) function and Stealth Address technology.
Unlike bitcoin, Vertcoin is against centralized mining and promises to stay that way. Vertcoin, which has skyrocketed 187.47% higher in the past year.
PIVX, which stands for Private Instant Verified Transactions, is a cryptocurrency managed by a global community. Based on bitcoin, PIVX uses an energy-efficient Proof of Stake protocol – as well as a 2nd tier Masternode network.
This blockchain technology ensures its sustainability via a self-funding treasury system.
This coin has jumped 4,458.30% in the past year. Decred was crafted by some of the original Bitcoin developers, who had a vision of a decentralized cryptocurrency network that gives all miners and users the same amount of influence.
Even a new developer can propose a new implementation, and Decred encourages members to make the system better.
When IOTA coins first became available on Bitfinex, it had a record-breaking launch – and its market cap soared to $1.5 billion in one day.
The team behind IOTA worked on it for two years before the launch and invented full Proof of Stake through Nxt which was the first Blockchain 2.0 too.
5. NEM (XEM)
Standing for “New Economic Movement,” NEM is powered by its cryptocurrency called Nemcoin.
The idea behind the inception of this digital currency was not so much to beat Bitcoin, but rather to develop (from scratch) a new economy based on principles of decentralization, equality, freedom, and solidarity – out of the realm of the current global power brokers.