MonaCoin vs TransferCoin vs Qtum
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. | Qtum is a smart contracts platform and currency protocol that combines attributes of Bitcoin and Ethereum. |
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. | Qtum has been described as a hybrid between Ethereum and Bitcoin. Qtum is a smart contracts platform that places a strong focus on value transfers as well as decentralized apps. Qtum enables users to create smart contracts on the platform and conduct cryptocurrency transactions. |