They can therefore be to buy objects, but often they have been used as an investment or speculation. The most famous is Bitcoin, but others have sprung up.
While if you want to invest you can do it through this portal, you do not need to have large figures, even a few tens of euros are enough, which over time have been revalued by 10 thousand percent.
Litecoin.
It is the most popular cryptocurrency after Bitcoin. Compared to the latter, however, it has a higher maximum number of coins that can be minted: 84 million coins. A second advantage offered is the request for lower hardware requirements for the mining., A feature that allows you to generate Litecoin and Bitcoin at the same time on the same device. Its popularity also comes from the update time of the blockchains, 2.5 minutes against Bitcoin's 10 minutes, which accelerates the speed of issuing coins.
Dogecoin.It derives from Litecoin and is also based on Scrypt algorithms Developed by Billy Markus and Jackson Palmer, two engineers from IBM, it was designed to offer a currency with higher expansion potential than Bitcoin. For this reason, its algorithms are optimized to work on not too complex hardware configurations. The maximum production ceiling was set at 1 billion coins. The name of the cryptocurrency derives from Doge, a dog that has become a catchphrase among social networkers.
Novacoin.
It combines proof-of-worK and proof-of-stake systems to ensure maximum security and flexibility in coin generation, both alone and in groups. Its most promising feature is the maximum production ceiling, set at 2 billion. In the world, however, some look at this currency with suspicion, above all due to the habit of its authors of selling coins already minted to make cash. For this reason, it is advisable not to accumulate large quantities of Novacoin, to reduce the damage of a possible rapid devaluation.
non-coin. Anoncoin is the only currency that supports the I2P Darknet network. The acronym I2P stands for Invisible Internet Project, a network that allows applications to perform operations in total security and anonymity. Compared to Bitcoin, Anoncoin offers a rather short single block processing time (3.42 minutes), speeding up transactions. As there is considerable competition in coin generation, it is generally recommended that you avoid minting them yourself. Better to rely on a pool server.Feathercoin.
Feathercoin is a decentralized and cryptographic currency that had been able to gain some popularity until last year, then dropped due to the greater interest in younger coins, therefore more generous in terms of mining. However, Feathercoin remains a strong currency and is well supported by its community. Furthermore, it can count on a group of developers constantly engaged in its management, a factor that fosters trust on the part of the market, so much so that some small businesses accept it as a form of payment for their services.
Megacoin.
Megacoin is a fairly young currency that came onto the market early last year. Despite this, it boasts some popularity among users. The New Zealand origin and the suffix "Mega" have increased the rumor that it was made by Kim Dotcom, although he officially denied it. Structurally, the coin looks like yet another Litecoin clone, without offering obvious news. Like the Novacoins, the less than crystalline behavior of its creators suggests not accumulating large quantities of the currency, converting it into safer currencies as soon as possible.
Darkcoin.It was designed to create a currency capable of allowing cryptographic and completely anonymous exchanges. To achieve this, it relies on DarkSend, a network designed to hide the transactions of its users. For this reason, it is attracting the interest of hackers who see it as a future replacement for Bitcoin. DarkCoin also boasts algorithms designed to avoid the abuses of mining specialists, not offering particular advantages when using ASIC systems. For its issue, you can use programs that exploit the CPU or the graphics card, available for Windows, OS X, and Linux operating systems.
Auroracoin.
Born from the idea of programmer Baldur Friggjar Odinsson to offer his fellow Icelandic citizens a cryptocurrency to help them get out of the economic crisis. For this reason, it has decided to mint 10.6 million coins and distribute them equally to all Icelanders, who can use their ID number to collect them. Although the pre-issue of the coins is normally viewed with suspicion by users, their democratic distribution has convinced the honesty of its author's intentions. Auroracoin has a high exchange rate given its young age, which makes its creation very profitable.
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