ILCoin vs PRIZM vs TransferCoin
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. | PRIZM is a Russian cryptocurrency project that uses a variation of PoS to drive network participation by users. | TransferCoin does not appear to have any significant benefits over other digital currencies. |
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. | PRIZM is an open-source cryptocurrency based on the NEXT core. The PRIZM architecture is built in JAVA. It has a Proof-of-Stake (PoS) consensus mechanism that varies slightly from other PoS algorithms. It is designed to be more resistant to attacks against the network. PRIZM has developed the concept of paramining, which helps the network achieve consensus and encourages community participation. | 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. |