The 4 Most Promising Crypto currencies

Here at Bitcoin Examiner, we aim to keep you updated on the cryptocurrency world. So, today, we decided to publish a list of the major players in this new and brave digital financial world. Some are widely known, like our dear Bitcoin or its “relative” Litecoin, while others aren’t as famous. However, from the newest to the oldest, one thing is for sure: they are all important to the world of cryptocurrency.

1. Bitcoin

Born in 2009 thanks to the genius of the anonymous Satoshi Nakamoto, this decentralized digital currency is one of the biggest breakthroughs in the world of technology in the last years. Bitcoin enables instant payments to anyone, anywhere in the world, using peer-to-peer technology to operate without a central authority. Bitcoin was one of the first implementations of the cryptocurrency concept and keeps thriving, four years after its creation.

2. Litecoin

Litecoin is often seen as a member of the Bitcoin family. Much like our favourite digital coin, this peer-to-peer currency also enables instant payments to anyone on the planet. Created in 2011, Litecoin is based on the Bitcoin protocol, but it’s different in some ways, since it can be efficiently mined with consumer-grade hardware. Litecoin’s transaction confirmations are also faster and the cryptocurrency uses “a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have”, the official website explains.

3. Namecoin

Namecoin is another decentralized naming system also based on Bitcoin technology. This alternative distributed Domain Name System (DNS) that expands the original software in order to support transactions for registering, updating, and transferring domains. “Like Bitcoin, Namecoin is a peer-to-peer system, which, assuming an honest majority of participants, cannot be controlled by a single state or a company”, you can read here.

4. PPCoin

PPCoin – also called Peercoin or Peer-to-Peer Coin – was the first known cryptocurrency based on the implementation of a combined proof-of-stake and proof-of-work system. It was introduced in August of 2012 and is considered the third largest virtual currency, along with Namecoin.

adapted from: The 13 most promising cryptocurrencies by Danny Ashton