ILCoin vs MOL Blockchain vs Flash Coin
What problem does this service solve?
ILCoin's goal is to create a blockchain with faster transactions that will also enable users to create smart contracts. | MOL aims to enable fast, and fee-less, micropayment transactions. | Flash Coin aims to create a decentralized currency that will be fast enough to enable everyday use. |
Token Stats
Company Description
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. | MOL is developing a blockchain platform for micro-payments. MOL's architecture will be based on the block lattice design used in Nano, and will have a Delegated Proof-of-Stake (dPoS) consensus mechanism that incorporates elements from Directed Acyclic Graphs (DAG). The MOL network is currently powered by the Ethereum-based MOL token. | Flash Coin is a cryptocurrency designed to be used for everyday transactions. Flash's blokchain has a delegate-based consensus model that depends on elected delegates to verify transactions. These delegates elect 25 Miners who create new blocks on the blockchain. Each miner is given a specific time where they can mine a block. The Flash Coin algorithm also introduces a concept called Consensus Height, which refers to the moment when more than half of elected miners have created a block on top of another block in the chain. |