MonaCoin vs TransferCoin vs Decred
What problem does this service solve?
MonaCoin is the first Japanese cryptocurrency. | TransferCoin does not appear to have any significant benefits over other digital currencies. | Decred is a decentralized currency with a strong emphasis on community participation. |
Token Stats
Company Description
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. | 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. | 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. . |