Comparing Altcoins Part 2





Contrasting five more cryptocurrencies:



PEERCOIN

Created in 2012; One of the oldest altcoins

The first implementation of Proof-of-Stake

Highly energy efficient minting process

A 1% annual reward for coins held longer than 30 days



DASH

Keep your payments private so nobody can track you

Instant payments through transaction locking with InstantX

Changed name from Darkcoin in 2015

Uses a proof-of-work hashing algorithm called X11



GRIDCOIN

Gridcoin users are helping to advance scientific research

Distributed by Proof-of-Research to contributers on BOINC projects

The Gridcoin client has an inbuilt decentralized voting system.

Pioneered the BOINC project whitelist, to secure the network



ZOOZ

Used to pay for transportation on the ridesharing network, La’Zooz

Distributed to participants via Proof-of-Travel

A token distributed on both the Counterparty and Omni Protocols

The La’Zooz team won the 2014 Mastercoin Hackathon



ETHER

Used to build & purchase services on the Ethereum platform

An alpha release of Ethereum, called Frontier, was launched in 2015

Uses a mining algorithm called EtHash

Used to raise over $18m via crowd sale in 2014



