Comparing Altcoins

Comparing Altcoins

What features make each altcoin different?

LITECOIN

The first altcoin, Created in 2011 by Charlie Lee

It is largely considered to be SILVER to Bitcoins GOLD.

Uses a different mining algorithm than Bitcoin called Scrypt.

Has a market cap of 150m, second only to Bitcoin.

DOGECOIN

Originally a joke coin based on the Doge internet meme

Has a highly charitable userbase

Transactions confirm 10x faster than Bitcoin

100B coins will be generated in total

OMNI

Allows users to create their own digital tokens

Originally named Mastercoin, but rebranded in 2015

Built on top of the pre-existing Bitcoin blockchain

Capable of fully decentralized exchange.

BLACKCOIN

Uses Proof-of-Stake for distribution instead of mining.

Participants receive 1% yearly interest on the coins they hold.

Has its own Smart Contract suite called BlackHalo.

Confirms transactions in seconds rather than minutes.

TETHER

Tether is backed by real world currency.

It is a safe coin for storage because of its lack of volatility.

Fiat currency reserves are stored transparently.

Tether is an asset of the Omni layer.

Original article and pictures take holytransaction.com site