TransferCoin

by TransferCoin

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Bitcoin Diamond

by Bitcoin Diamond Foundation

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BurstCoin

by Burst

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TransferCoin

by TransferCoin

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Bitcoin Diamond

by Bitcoin Diamond Foundation

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BurstCoin

by Burst

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What problem does this service solve?

TransferCoin does not appear to have any significant benefits over other digital currencies.Bitcoin Diamond aims to increase transaction speeds.Burst's unique Tangle-based architecture is designed to improve exchanges of value.

Token Stats

Company Description

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.

Bitcoin Diamond is a hardfork of Bitcoin that was created in 2017. Although the network's code preserves much of Bitcoin's original features, it aims to improve transaction speeds by implementing the Lightning network and increasing the storage capabilities of each block. The Lightning Network is a second layer payment protocol that works on the Bitcoin blockchain and is designed to place a large portion of the transaction data outside of the blockchain.

BurstCoin is a cryptocurrency with a Proof-of-Capacity (PoC) consensus algorithm. Unlike most other cryptocurrencies, Burst's architecture uses a Tangle (similar to IOTA) instead of relying on a blockchain. It also utilizes ring signatures and other features, in what is called the Dymaxion. The Dymaxion implements layers of tangle-based lightning networks on top of the Burst blockchain. Each of these payment channels is opened in the form of a standalone colored tangle. Burst is also developing atomic cross-chain transactions (ACCT), that will allow for full decentralized trading between two cryptocurrencies.

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