The cryptocurrency market is proliferating, with new coins and tokens being created every day. Many of these currencies are pretty well-known, such as Bitcoin and Ethereum. However, there are a number of lesser-known currencies that are worth taking a look at. In this blog post, we will explore cryptocurrencies that you may not have heard of before. These coins range from the weird and wacky to the downright bizarre! So if you’re curious about the strange world of online currencies, read on for more information.
Different Kinds of Cryptocurrencies That You Should Read About
- Feathercoin is a strong open kudx kind of source digital currency with financial properties linked to Bitcoin, Litecoin, and countless other digital coins, but under the hood is very different. Feathercoin is a highly upgraded and customized piece of software compared to its contemporaries. In addition, we’ve launched our own original mining algorithm called NeoScrypt, which cannot be found anywhere else.
- Mincoin is a lite version of Bitcoin using the script as a proof-of-work algorithm. Mincoin improves upon Bitcoin by increasing the total number of coins, speeding up transaction confirmations (only 30 seconds!), and decreasing the transaction fees.
- Primecoin is an innovative cryptocurrency, a form of digital currency secured by cryptography and issued through a decentralized mining market. Primecoin introduces a unique form of proof-of-work based on prime numbers. The innovative proof-of-work in Primecoin helps secure the network and creates a search for prime chains – a particular form of prime number with interesting scientific applications.
- Ripple is known as the real-based gross settlement system, also known as RTGS, as an exchange currency, and remittance-based network by a company. Also called the Ripple-based Transaction Protocol (RTXP) or Protocol Ripple, it is made upon a scattered open source system Internet protocol, consensus kind of ledger, and native cryptocurrency called XRP (ripples).
- Stellar is a distributed hybrid blockchain platform that connects banks, payment systems, and people. Stellar brings together the best of blockchains and traditional databases to provide a novel way to handle data needs while still maintaining security, decentralization, and low costs.
- Dogecoin is a digital crypto-based currency that represents the similarity of the Asian-based dog from the Internet-based meme, which became viral. It was also believed to be a funny currency in the years of 2013 in December. It quickly ended up with its own online-based community and nearly skyrocketed to a value of sixty million dollars in January 2014; as of December 2017, it has a capitalization of US$308 million.
- Worldcoin is a digital currency similar to Bitcoin. It allows for near-instantaneous transactions and has meager transaction fees (0.01%). Worldcoin’s block time is 60 seconds as opposed to Bitcoin’s ten minutes, which means that merchants can confirm payments much faster with Worldcoin than with Bitcoin.
- Namecoin is an open source decentralized key/value store that uses the blockchain to store data in a secure way that is resistant to censorship. Namecoin was the first fork of Bitcoin and still is one of the most innovative altcoins. It was created to explore the possibility of blockchain-based DNS and has many other potential applications.
Conclusion
These are just some of the many types of cryptocurrencies that exist in the online world. With new ones being created all the time, who knows what the future holds for this fascinating and ever-evolving industry?
