Currently there are dozens, possibly hundreds of altcoins Altcoins are real cryptocurrency alternatives to Bitcoin. Many of them differ in some way or form from the Bitcoin and are interesting in their own right however some of them are plain copies. Listed on this page are their basic characteristics. List of SHA256 based Alt-coins There are many SHA256 based altcoins. The following list is not exhaustive and only serves to give an impression about other coins available. Some of these coins can also be collected throug Abbreviation Name Algorithm Total Coins Retarget Reward NMC Namecoin SHA256 21,000,000 2,016 50 NMC / Block PPC Peercoin SHA256Read More →

Nobody knows (or is telling), but he, she or they invented the Bitcoin protocol Satoshi Nakamoto was a pseudonymous developer that published a paper describing the Bitcoin protocol in detail via the Cryptography Mailing List in November 2008 and released the first version of the bitcoin software client in 2009. The software was released as open-source and the original paper can be found on the bitcoin.org website here. Shrouded in Mystery Nobody knows if Satoshi Nakamoto was a male, a female or a group of people (or even a government organization) though many theories exist. The last time anybody heard from him was in theRead More →

Payment Freedom, Low cost, Instant Transactions, Full transparency and no central authorities Bitcoin is a zero trust consensus network with many advantages. Payment Freedom — Instant transactions With Bitcoin it is possible to send and receive any amount of money instantly anywhere in the world at any time. No bank holidays. No borders. No imposed limits. Bitcoin allows its users to be in full control of their money. Very low transaction fees Bitcoin payments are currently processed with either no fees or extremely small fees. Users may include fees with transactions to receive priority processing, which results in faster confirmation of transactions by the network.Read More →

A digital currency relying on the principles of cryptography The Wiki describes it well; a cryptocurrency (such as Bitcoin, Litecoin, Feathercoin, etc.) is a peer-to-peer, decentralized, digital currency whose implementation relies on the principles of cryptography to validate the transactions and generation of the currency itself. I don’t get it, in English please Let’s look at the first sentence again and break it down word for word: A cryptocurrency is a peer-to-peer, decentralized, digital currency whose implementation relies on the principles of cryptography to validate the transactions and generation of the currency itself. Peer-to-peer Peer-to-peer refers to each node on the network being able toRead More →

Bitcoin is a zero trust consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. It was introduced as open-source software by pseudonymous developer Satoshi Nakamoto that uses cryptography to control the creation and transfer of money. I don’t get it, in English please As a start, think of Bitcoin as a currency, like the USD, AUD, HKD, CNY or EUR, only digital. They aren’t printed or regulated by central banks like other currencies are. They are produced by millions of computersRead More →