- \n
- Proof of Work<\/strong><\/li>\n
- Decentralised<\/strong><\/li>\n<\/ul>\n
Bitcoin was the first cryptocurrency created and aims to create a decentralised digital currency which can remove the need for third parties to facilitate transactions.<\/p>\n
It is the biggest in the world and is the most widely-adopted by exchanges.<\/p>\n
![\"Bitcoin\"](\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2015\/12\/Bitcoin.jpg\")
<\/a><\/p>\n
\nEthereum<\/h3>\n
- \n
- Proof of Work<\/strong><\/li>\n
- Decentralised<\/strong><\/li>\n<\/ul>\n
Ethereum is a decentralised virtual computer which allows developers to build applications on its blockchain. These applications are open source and run autonomously.<\/p>\n
Development is lead by the Ethereum Foundation, which has outlined a roadmap to implement Proof of Stake and new scaling solutions.<\/p>\n
![\"Ethereum](\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2017\/12\/Ethereum-logo-plain.jpg\")
<\/a><\/p>\n
\nRipple<\/h3>\n
- \n
- Validator consensus<\/strong><\/li>\n
- Semi-centralised<\/strong><\/li>\n<\/ul>\n
Ripple is a payment protocol which runs on a permissioned blockchain and aims to support instant, cheap transactions.<\/p>\n
The protocol has been adopted by financial institutions and it plans to increase its focus on decentralisation by increasing its number of validator nodes to 55.<\/p>\n
![\"Ripple](\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2017\/09\/Ripple-Logo.jpg\")
<\/a><\/p>\n
\nBitcoin Cash<\/h3>\n
- \n
- Proof of Work<\/strong><\/li>\n
- Decentralised<\/strong><\/li>\n<\/ul>\n
Bitcoin Cash is the product of a Bitcoin hard fork, with the new currency featuring bigger block sizes. This resulted in lower transaction fees and increased usability as a transactional currency.<\/p>\n
Many Bitcoin Cash developers view the currency as the “true Bitcoin”.<\/p>\n
![\"Bitcoin](\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2018\/01\/Bitcoin-Cash-logo.jpg\")
<\/a><\/p>\n
\nCardano<\/h3>\n
- \n
- Proof of Stake<\/strong><\/li>\n
- Decentralised<\/strong><\/li>\n<\/ul>\n
Cardano aims to create a decentralised smart contract platform similar to Ethereum, but it plans to support a number of advanced features.<\/p>\n
The cryptocurrency is a work-in-progress, and its “Ouroboros” proof-of-stake consensus mechanism has not been finished.<\/p>\n
![\"Cardano](\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2018\/01\/Cardano-Logo.jpg\")
<\/a><\/p>\n
\nLitecoin<\/h3>\n
- \n
- Proof of Work<\/strong><\/li>\n
- Decentralised<\/strong><\/li>\n<\/ul>\n
Litecoin is a decentralised cryptocurrency which is similar to Bitcoin in technical framework.<\/p>\n
It aims to serve as a transactional cryptocurrency, boasting lower block times and lower fees than Bitcoin.<\/p>\n
![\"Litecoin](\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2018\/01\/Litecoin-logo.jpg\")
<\/a><\/p>\n
\nNEM<\/h3>\n
- \n
- Proof of Importance<\/strong><\/li>\n
- Decentralised<\/strong><\/li>\n<\/ul>\n
NEM is a decentralised blockchain with support for multisignature accounts, encrypted messaging, and a reputation system.<\/p>\n
The architecture supports private and public blockchains and uses a unique proof-of-importance consensus mechanism, which weights validation voting power depending on account balance and activity.<\/p>\n
![\"NEM](\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2018\/01\/NEM-logo.jpg\")
<\/a><\/p>\n
\nStellar<\/h3>\n
- \n
- Stellar Consensus Protocol<\/strong><\/li>\n
- Decentralised<\/strong><\/li>\n<\/ul>\n
Stellar is a fork of Ripple which has implemented its own consensus mechanism called the Stellar Consensus Protocol.<\/p>\n
Stellar aims to provide a global transaction protocol running on a decentralised network of validator servers, although users are required to trust its “anchors” to comply with verified transactions.<\/p>\n
![\"Stellar](\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2018\/01\/Stellar-logo.jpg\")
<\/a><\/p>\n
\nIOTA<\/h3>\n
- \n
- Tangle validation<\/strong><\/li>\n
- Centralised<\/strong><\/li>\n<\/ul>\n
IOTA is a cryptocurrency which is built on a directed acyclic graph instead of a traditional blockchain, and aims to deliver unlimited, fee-less transactions for the Internet of Things.<\/p>\n
The cryptocurrency’s vision is to implement a trustless consensus protocol built on user validation, but it currently relies on a single administrator node called the Coordinator to periodically verify the network.<\/p>\n
![\"IOTA](\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2018\/01\/IOTA-logo.jpg\")
<\/a><\/p>\n
\nDash<\/h3>\n
- \n
- Proof of Work<\/strong><\/li>\n
- Decentralised<\/strong><\/li>\n<\/ul>\n
Dash began as a fork of Litecoin and aims to provide a decentralised transaction system with enhanced features.<\/p>\n
The cryptocurrency allows for standard transactions in addition to instant and private transfers via Masternodes.<\/p>\n
![\"Dash](\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2018\/01\/Dash-logo.jpg\")
<\/a><\/p>\n
\nNow read:\u00a0What happens to a company\u2019s share price when it gets into crypto<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"
We detail the top 10 cryptocurrencies in the world, according to their market cap.<\/p>\n","protected":false},"author":341028,"featured_media":228735,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44696],"tags":[187,48238,191,42124,41578,35,41006],"class_list":["post-244514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-bitcoin","tag-cardano","tag-cryptocurrency","tag-ethereum","tag-explained","tag-headline","tag-ripple"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/244514"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341028"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=244514"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/244514\/revisions"}],"predecessor-version":[{"id":244647,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/244514\/revisions\/244647"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/228735"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=244514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=244514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=244514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- Decentralised<\/strong><\/li>\n<\/ul>\n
- Centralised<\/strong><\/li>\n<\/ul>\n
- Decentralised<\/strong><\/li>\n<\/ul>\n
- Decentralised<\/strong><\/li>\n<\/ul>\n
- Decentralised<\/strong><\/li>\n<\/ul>\n
- Decentralised<\/strong><\/li>\n<\/ul>\n
- Decentralised<\/strong><\/li>\n<\/ul>\n
- Semi-centralised<\/strong><\/li>\n<\/ul>\n
- Decentralised<\/strong><\/li>\n<\/ul>\n
- Decentralised<\/strong><\/li>\n<\/ul>\n