MonaCoin vs Stellar vs TransferCoin
What problem does this service solve?
MonaCoin is the first Japanese cryptocurrency. | Stellar is an open-source protocol that uses blockchain technology to enable decentralized, cross-border money transfers with very low fees. | TransferCoin does not appear to have any significant benefits over other digital currencies. |
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. | Stellar is a decentralized protocol for sending and receiving money, in any pair of currencies, directly on the internet. Stellar enables users to transfer money on their network directly, without banks, and without fees. It was originally created by Jed McCaleb, the founder of Mt. Gox and co-founder of Ripple. | 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. |