PLATINCOIN vs NEM vs TransferCoin
What problem does this service solve?
PLATINCOIN creates a Proof-of-Stake consensus mechanism with a long term commitment from network participants to contribute to managing the network. | NEM is designed to be a blockchain platform with improved scale and speed. NEM's blockchain is permissioned and private. It has some of the best transaction rates of any private ledger in the industry. | TransferCoin does not appear to have any significant benefits over other digital currencies. |
Token Stats
Company Description
PLATINCOIN is a Proof-of-Stake coin that is minted instead of mined. Users participate in managing the network by renting hardware space from the project organizers for a period of 36 months. These computing resources will drive the PoS consensus, and the users that rent the hardware will be rewarded with newly minted PLC coins. | NEM is a cryptocurrency and blockchain platform that allows multiple ledgers on the same blockchain. NEM Smart Assets are used to create mosaics for any asset. Transaction fees are paid with NEM's native currency, XEM. NEM originally began as a community-oriented cryptocurrency that was built from the ground up in the Java programming language. | 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. |