Primecoin vs Qtum vs ILCoin
What problem does this service solve?
Primecoin uses prime number generation to improve Bitcoin's PoW protocol. | Qtum is a smart contracts platform and currency protocol that combines attributes of Bitcoin and Ethereum. | ILCoin's goal is to create a blockchain with faster transactions that will also enable users to create smart contracts. |
Token Stats
Company Description
Primecoin is a cryptocurrency based on finding prime numbers. Identifying prime numbers plays a central role in cryptography. Primecoin's unique Proof-of-Work (PoW) consensus mechanism is able to increase transaction speeds and improve energy efficiency. | 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. | ILCoin is a PoW cryptocurrency. Their goal is to become the first cryptocurrency that uses the SHA-256 encryption algorithm to be able to execute smart contracts. The ILCoin is traded on several exchanges under the symbol ILC. |