Telcoin vs Ravencoin vs TransferCoin
What problem does this service solve?
Telcoin wants to create a blockchain-based payment system operated by telecom providers. | Ravencoin wants to create a blockchain that will improve the tracking of digital asset ownership. | TransferCoin does not appear to have any significant benefits over other digital currencies. |
Token Stats
Company Description
Telcoin is an Ethereum-based cryptocurrency that will be distributed by mobile network operators. Telcoin (TEL) plans on working with national telecom operators to distribute their currency. They hope that this distribution model will provide greater financial inclusion to un-banked communities, and will encourage cryptocurrency adoption. This is a similar strategy as MPesa, the mobile payment network created by SafariCom, that uses the telecom's provider's existing infrastructure to allow users to easily make payments with their mobile phones. Telecoin sees their platform as a complement to existing mobile money systems that will help drive cryptocurrency adoption. | Ravencoin is a blockchain created by the owner of Overstock.com. It is a use case specific blockchain for the declaration of ownership of digital assets. Ravecoin is a fork of Bitcoin, and was originally funded by Medici Ventures, a blockchain investment fund owned by Overstock.com. | 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. |