Definition of Litecoin Litecoin was launched in the year 2011 as an alternative cryptocurrency which is based on the model of the Bitcoin. Like Ethereum, Litecoin is also a system of global payment based on the open source technology and is not controlled by any particular centralized authority. Litecoin differs from Bitcoin on various aspects …
The definition of Ethereum classic Ethereum was created in the year 2013 with an aim to perform all those functions which bitcoin was unable to do. In other words, it was not merely built as a cryptocurrency but also as a hub which can be used by the users to code, operate and execute the …
Definition of Monero Monero is a cryptocurrency based on an open source network. It was created in April in the year 2014. It is one of those rare cryptocurrencies which puts more focus on privacy, decentralization, and fungibility. Monero uses a public ledger which means that anyone is able to broadcast or send the transactions. …
The definition of Dogecoin Dogecoin is another cryptocurrency which was initially introduced as a joke currency. After its launch on December 6th, 2013, the first step it took was to create its own online community. Around January 2014 it quickly reached a capitalization of 60 million us dollars. The schedule of the coin production had …
History of Ripple XRP, previously known as Ripple, was created by the Ripple labs as a system of currency exchange. Ripple is based entirely around a ledger which is shared publicly. It allows people to make payments, remittances and exchanges through a distributed process. The ledger also employs the decentralized cryptocurrency which is known as …
Definition of Ethereum Ethereum is based on the blockchain technology and since it is an open source platform it allows the developers to create and deploy the decentralized applications. It can be considered as a public platform for distributed computing and the operating system which features the smart contract functionality which is known as scripting. …
The definition and history of Tron It is a blockchain network which was launched as the base for an entertainment system which is decentralized. It was developed by a controversial figure, Justin Sun in the year 2017 in Singapore. It was created with an aim to expand the market of the decentralized digital currency by …
The definition and history of Electroneum The Electroneum is an all-new British cryptocurrency founded by Richard Ells and was launched on 14th September. It was developed to be used in online markets of gambling and mobile gaming. It is expected to be the most user-friendly cryptocurrencies in the market because it allows the user to …
The definition of the Dash Dash is a type of a decentralized autonomous organization (DAO) and an open-source cryptocurrency which is operated by a subset of the users called the master nodes. It was forked from the bitcoin protocol as an altcoin. Dash is unlike the other major cryptocurrencies which act more as a development …
Definition of Stellar Stellar is an open source protocol which is decentralized for the digital currency to the fiat currency. It allows for cross-border transactions between all pairs of currencies. The Stellar development foundation which is a non-profit organization supports the Stellar protocol. The network of the Stellar is based on the blockchain technology and …
