Bitcoin

by Bitcoin Foundation

4/5

(5)
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Gulden

by Gulden

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Viacoin

by Viacoin

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Bitcoin

by Bitcoin Foundation

4/5

(5)
Visit Website

Gulden

by Gulden

(0)
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Viacoin

by Viacoin

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What problem does this service solve?

Bitcoin is the first digital currency and the first use case of Blokchain technology. The bitcoin blockchain was the first decentralized, immutable, and transparent ledger.Gulden allows users to make P2P payments. It has gained some adoption in the Netherlands, but it does not appear to have any significant advantages to other coins.Viacoin's fast transaction times enable users to send micropayments for a variety of purposes.

Token Stats

Company Description

Bitcoin is the first digital currency based on blockchain. It solved the double-spending problem and enabled peer-to-peer transactions on a large scale. Bitcoin was designed to work as a trustless digital currency that would function without government oversight or a central bank.
Bitcoin was developed by Satoshi Nakamoto, whose identity has never been confirmed and has become the subject of great intrigue. Bitcoin builds upon on other cryptographic and digital currency projects that came before it, but its use of blockchain made it more viable. Nakamoto originally released his white paper and open-source software on a cryptography forum. He mined the first block of the Bitcoin chain, called the genesis block in January 2009.
Bitcoins are created as a reward for a process known as mining. One of the core innovations of Bitcoin, is its consensus algorithm, which creates an incentive system that rewards miners for confirming transactions.
Hal Finney, who developed the first reusable proof-of-work system (RPOW), several years before, was the first Bitcoin adopter and received the first bitcoin transaction ever recorded on its blockchain.

Gulden is a Dutch cryptocurrency based on a native blockchain with a Proof-of-Work (PoW) consensus mechanism. Gulden has gained traction in the Netherlands, where it can be used to make P2P payments, as well as send funds to an IBAN account. Gulden's marketing efforts emphasize the network's security and faster transaction times. Gulden's PoW² consensus combines aspects of PoS with PoW, and allows witnesses to add transactions to blocks after they have been mined. The network is powered by the NLG coin.

Viacoin is an open source cryptocurrency based on the Bitcoin protocol. Viacoin has a 24 second block time and relatively fast transaction times. It can handle 175 transactions per second without scaling through Segwit or the Lightning Network. The fast transaction times make Viacoin a good option for sending micropayments. The platform also enables users to perform cross-chain atomic swaps between different cryptocurrencies, without a centralized exchange. Viacoin has an Auxiliary Proof-of-Work (AuxPoW) consensus mechanism that allows miners to mine multiple coins, that use the Scrypt algorithms, at the same time. Viacoin's smart contract platform, Rootstock, is compatible with Ethereum smart contracts.

Ratings

Overall

4.5/5 (5)

(0)

(0)

Will this currency still be used in 10 years?

4/5

How scalable is this currency?

4.5/5

How adaptable is this currency to the changing needs of the market?

4/5

How effective is this currency as a medium of exchange?

3.5/5

How effective is this currency as a store of value?

4/5