This a 20 page ebook made for all persons who have interest on cryptocurrencies. This is a made easy ebook on how to understand the basics of cryptos summarized in the most understandable way it can be so that layman and normal people who have no idea on cryptos can decide if they will invest or not.
The Monero receives high-level of popularity due to its privacy oriented features after it was launched in 2014. The mining process used by Monero is based on Egalitarian concept. 7. IOTA The cryptocurrency IOTA is very much different from majority online currencies its designed for machine but cant be mined. IOTA stands for Internet of Things Application, it addresses the scalability issues of blockchain and the transaction fees at the same time by getting rid of the block and chain. The mechanics is to simply verify two previous transactions, in order to submit it to the IOTA ledger. The total supply of this coins are fixed into 2,779,530,283,277,761 coins. Miners doesnt have to power-up the network and there is no central ledger for this cryptocurrency. 8. Zcash
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Zcashis launched by Roger Ver, Barry Seibert, and the Pantera Capital in October 28 2016.Zcash is a decentralized and open-source cryptocurrency, it uses a special secured network called zk-snark. This special feature allows the network to maintain and secure the ledger without disclosing the amounts in every transaction. 10 9. Stellar Jed McCaleb the co-founder of Ripple is the founder of this Stellar Cryptocurrency, which is also a payment technology. Stellar is almost the same as the other payment technologies a decentralized server runs the network with a distributed ledger the is updated every 2-5 seconds. It does not only depend on miners, instead it uses Federated Byzantine Agreement (FBA) Algorithm, which helps for a faster transaction. 10.
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NEM NEM is launched in March 31,2015 as a peer-to-peer cryptocurrency and blockchain platform, written in Java and C++ programing language. NEM stands for New Economy Movement, unlike most cryptocurrencies NEM have its own consensus algorithm. This can prevent attacks against the network and all the trasnactions made. NEM aims to create a smart asset blockchain, which can perform heavy workloads. 11. NEO NEO is the first decentralized and opensource cryptocurrency in China, which was founded by Da Hongfei. Neo is a cryptocurrency and blockchain platform at the same time, it was launched in 2014 as Antshares and debranbed last June 2017 as NEO. Neo can support 10,000 transactions per second using the Byzantine Fault Tolerance (Dbft) consensus mechanism. 12.
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TRON This cryptocurrency was first introduce in September 9, 2017, and was founded by the TRON Foundation a non-profit organization 11 from Singapore. Tron is also a decentralized open-sourced cryptocurrency, but has a feature of an application. Trons technology is a storage facility that allows users access content in every part of the world, without any assistance from Google Play Store. It also allows content creators to earn from sharing their content. 13. Steem Steem is a blockchain-based social media platform where you can earn rewards. It was launched in July 2016 and currently has 70,000 users, from then Steemit has grown considerably. Steem is very much different than the other cryptocurrencies, it has a built-in inflation of 100% annually without any coin limit. Steem supports online communities and even social media platforms by giving rewards through virtual currency. 12 Chapter 3 Why Growing Numbers People Invest in
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