Bitcoin Gold vs MonaCoin vs ZClassic
What problem does this service solve?
Bitcoin Gold reduces the competitive advantage of professional miners and adds greater decentralization to the Bitcoin protocol. | MonaCoin is the first Japanese cryptocurrency. | ZClassic is a fork of ZCash. The key differences are that ZClassic doesn't charge miners a fee and there are no limitations to create artificial scarcity in the coin supply. |
Token Stats
Company Description
Bitcoin Gold (BTG) is a cryptocurrency that began in 2017 as a hard fork of the Bitcoin blockchain. BTG was created to reduce the monopolizing power of dedicated ASIC mining operations within the original Bitcoin network. Bitcoin Gold mining can be done by anyone with a standard computer and provides greater decentralization to the system. The hard fork that created BTG was meant to combat the disproportionate influence and competitive advantage of professional miners. | MonaCoin is the first alternative cryptocurrency developed in Japan. It is based on the popular Japanese character, Mona. MonaCoin has a Proof-of-Work (PoW) consensus mechanism and uses a version of the Lyra2RE mining algorithm that was first used by Vertcoin. | ZClassic is a privacy focused crytpocurrency that is a fork of ZCash. ZClassic enables a high degree of privacy and anonymity of transactions.The key differences between ZClassic and ZCash are the elimination of the 20% mining fee that are allocated as a "founders' reward" and the removal of ZCash's block limit, that was intended to create scarcity. |