Decred

by Decred

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TransferCoin

by TransferCoin

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Bitcoin Diamond

by Bitcoin Diamond Foundation

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Decred

by Decred

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TransferCoin

by TransferCoin

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Bitcoin Diamond

by Bitcoin Diamond Foundation

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What problem does this service solve?

Decred is a decentralized currency with a strong emphasis on community participation.TransferCoin does not appear to have any significant benefits over other digital currencies.Bitcoin Diamond aims to increase transaction speeds.

Token Stats

Company Description

Decred (DCR) is a decentralized currency with an emphasis on community based governance. Decred is led by several early adopters of Bitcoin and is designed to implement many of the goals of early Bitcoin idealists. Decred is highly focused on community contribution and governance. Users that contribute to the community can receive compensation for their work and anybody can submit a proposal ti make an improvement to the platform.
Decred has a hybrid Proof-of-Activity (PAC) consensus algorithm that combines the mining of Proof-of-Work (PoW) with the stake verifying model of Proof-of-Stake (PoS). It's designed to incentivize the community to participate and to reward both miners and stake verifiers. When DCR is mined, PoW miners receives 60% of the coins, PoS voters receive 30%, and 10% goes towards the development of the Decred platform.

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TransferCoin is a digital currency with a hybrid PoW and PoS consensus mechanism. TransferCoin uses the X11 encryption algorithm and has a relatively fast block time.

Bitcoin Diamond is a hardfork of Bitcoin that was created in 2017. Although the network's code preserves much of Bitcoin's original features, it aims to improve transaction speeds by implementing the Lightning network and increasing the storage capabilities of each block. The Lightning Network is a second layer payment protocol that works on the Bitcoin blockchain and is designed to place a large portion of the transaction data outside of the blockchain.

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