Nimiq

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PRIZM

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TransferCoin

by TransferCoin

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Nimiq

by Nimiq

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PRIZM

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TransferCoin

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What problem does this service solve?

Nimiq's goal is to provide an easy to use censorship resistant payment network.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.

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Company Description

Nimiq is a censorship-resistant cryptocurrency that is designed to run in the user's browser. Nimiq's focus is on usability and the browser first approach allows coin holders to participate in their payment network more easily. Nimiq uses a Merkle-based accumulator to store accounts and balances, and has a Non-Interactive Proofs of Proof-of-Work consensus mechanism.

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.

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