Bitcoin Cash vs ILCoin vs Telcoin
What problem does this service solve?
Bitcoin Cash is a cryptocurrency that was created as a result of a hard fork of the Bitcoin blockchain on August 1st, 2017. Anyone who had bitcoin at that time became the owner of the same number of Bitcoin Cash. | ILCoin's goal is to create a blockchain with faster transactions that will also enable users to create smart contracts. | Telcoin wants to create a blockchain-based payment system operated by telecom providers. |
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Bitcoin Cash is a cryptocurrency that was created as a result of a hard fork of the original Bitcoin blockchain that took place in 2017. Due to the open source nature of the Bitcoin protocol, and the lack of a central governing body to resolve disputes, the Bitcoin community became extremely divided about what to do about rising fees and slow transaction times. As the platform's transaction volume increased, and the associated fees to confirm them also increased dramatically, many people began advocating for a larger block size. | ILCoin is a PoW cryptocurrency. Their goal is to become the first cryptocurrency that uses the SHA-256 encryption algorithm to be able to execute smart contracts. The ILCoin is traded on several exchanges under the symbol ILC. | Telcoin is an Ethereum-based cryptocurrency that will be distributed by mobile network operators. Telcoin (TEL) plans on working with national telecom operators to distribute their currency. They hope that this distribution model will provide greater financial inclusion to un-banked communities, and will encourage cryptocurrency adoption. This is a similar strategy as MPesa, the mobile payment network created by SafariCom, that uses the telecom's provider's existing infrastructure to allow users to easily make payments with their mobile phones. Telecoin sees their platform as a complement to existing mobile money systems that will help drive cryptocurrency adoption. |