Ethereum

by Ethereum Foundation

4/5

(1)
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DigiByte

by Digibyte

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FREE Coin

by FREE Coin

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Ethereum

by Ethereum Foundation

4/5

(1)
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DigiByte

by Digibyte

(0)
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FREE Coin

by FREE Coin

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What problem does this service solve?

Ethereum is a general purpose blockchain with a smart contract functionality that can be implemented to automatically execute certain functions. The Ethereum blockchain and its native currency Ether, are a central components of the entire blockchain ecosystem. A large number of other tokens are built upon its platform, and Ether currently represents around 15% of the total market capitalization of all digital currencies.DigiByte is focused on enabling faster and more secure blockchain transactions.FreeCoin claims to be a more inclusive cryptocurrency but their marketing materials do not show any unique offerings.

Token Stats

Company Description

Ethereum is a blockchain-based computing platform and operating system whose core innovation is enabling smart contracts. Ethereum's smart contract functionality, and versatile scripting language, have made it the most popular network for creating decentralized applications. What makes Ethereum different from Bitcoin is that its primary purpose is to serve as a general purpose blockchain for creating DApps, and not as a payment network. Ethereum was created by Vitalik Buterin. It was launched in July 2015 and has become one of the most important blockchain platforms in the industry. Ether is the native currency of the Ethereum blockchain and can can be used as a transfer of value, as well as a form of compensation for mining. The Ethereum Virtual Machine (EVM) executes scripts using a network of public nodes. "Gas" is used as an internal transaction pricing mechanism that decides how resources are used on the network.

DigiByte is a a blockchain platform that places an emphasis on security and block speed. DigiByte has one of the fastest block speeds of any public blockchain and uses an innovative consensus protocol with 5 mining algorithms. This prevents mining centralization and also minimizes the chances of security breaches. DigiByte transactions are limited in size and scope to increase speed, efficiency, and throughput.
DigiByte hopes that these innovations will provide the ideal blockchain infrastructure for a range of applications within the IoT and AI fields, that require a high degree of security and fast block speeds.

FREE Coin is an Ethereum-based token with a focus on being inclusive and encouraging cryptocurrency adoption. Their goal is for the token's price to increase in value, until its price is close to the USD. FREE Coin's site does not provide any details about their development plan or what specific advantages their network will provide.

Ratings

Overall

4/5 (1)

(0)

(0)

Will this currency still be used in 10 years?

4/5

How scalable is this currency?

4/5

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

4/5

How effective is this currency as a medium of exchange?

5/5

How effective is this currency as a store of value?

4/5