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Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. Litecoin was an early Bitcoin spinoff or altcoin. In technical details, Litecoin is nearly identical to Bitcoin. Initial release: October 2011.
Dash (DASH) is an open source cryptocurrency and is a form of decentralised autonomous organisation (DAO) run by a subset of users, called “masternodes”. It is an altcoin that was forked from the Bitcoin protocol. The currency permits fast transactions that can be untraceable. 45% of mined coins go to miners, 45% to masternodes, and 10% into a fund that the DAO invests. Initial release: January 2014.
NEO (NEO) is a blockchain platform and cryptocurrency designed to build a scalable network of decentralised applications. The base asset of the NEO blockchain is the non divisible NEO token which generates GAS tokens that can be used to pay for transaction fees generated by applications on the network. Initial release: February 2014.
Monero (XMR) is an open-source cryptocurrency that focuses on fungibility, privacy and decentralisation. Monero uses an obfuscated public ledger, meaning anybody can broadcast or send transactions, but no outside observer can tell the source, amount or destination. Monero uses a Proof of Work mechanism to issue new coins and incentivise miners to secure the network and validate transactions. Initial release: April 2014.
Ether (ETH) is a cryptocurrency whose blockchain is generated by the Ethereum platform. Ether can be transferred between accounts and used to compensate participant mining nodes for computations performed. Ethereum provides a decentralised virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Initial release: July 2015.
Zcash (ZEC) is a cryptocurrency aimed at using cryptography to provide enhanced privacy for its users compared to other cryptocurrencies such as Bitcoin. Like Bitcoin, Zcash has a fixed total supply of 21 million units. Transactions can be “transparent” and similar to bitcoin transactions in which case they are controlled by a t-addr, or can be a type of zero-knowledge proof called zk-SNARKs; the transactions are then said to be “shielded” and are controlled by a z-addr. Initial release: October 2016.
Ripple (XRP) is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company. Ripple is built upon a distributed open source internet protocol, and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes. Initial release: October 2012 but stable release 1.0.0 May 2018.
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