Comparison of cryptocurrencies

From Bitcoin Wiki
Revision as of 00:44, 22 September 2017 by Midnightmagic (talk | contribs) (significant alterations to content. removing scamcoins. re-adding namecoin for historical significance; anonymity in zcash nor monero is "high". removed links to scams.)
Jump to navigation Jump to search

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 Notes Website
Bitcoin BTC 2009-01-03 Low First blockchain. bitcoin.org
Bitcoin Cash BCH 2017-08-01 Low An altcoin based on Bitcoin's blockchain with replay protection and an increased block size limit of 8MB. An unusual emergency difficulty adjustment algorithm causes significant periods of hyperinflation.
Namecoin NMC 2011-04-18 Low 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 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.
Ethereum ETH 2015-08-07 Low Majority premine sale. Source of the ICO bubble. Multiple client implementations which fail against each other in terms of consensus errors regularly. ethereum.org
Ethereum Classic ETC 2016-07-24 Low An altcoin of Ethereum which split from ETH's blockchain when the DAO was hardforked to refund the Ethereum Foundation's members' money. ethereumclassic.org
Litecoin LTC 2011-10-07 Low 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. litecoin.org
Monero XMR 2014-04-18 Medium The most successful implementation derived from the Cryptonote codedrop. Uses Ring Confidential Transactions. getmonero.org
Zcash ZEC 2016-10-28 Medium First cryptocurrency that implemented the zerocash protocol. z.cash
Zcoin XZC 2016-09-28 Medium 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). zcoin.io
Cryptocurrency Max supply Algorithm Proof Type
Bitcoin ~21,000,000 SHA256 PoW
Bitcoin Cash 21,000,000 SHA256 PoW
Namecoin ~21,000,000 SHA256 Merged(Bitcoin) PoW
Dash 22,000,000 X11 PoW/PoS
Ethereum Infinite Ethash PoW
Ethereum Classic Infinite Ethash PoW
Litecoin ~84,000,000 Scrypt PoW
Monero Not Applicable CryptoNight PoW
Zcash ~21,000,000 Equihash PoW
Zcoin ~21,000,000 Lyra2RE PoW