Different Cryptos

Most Popular Cryptos

ICO

ICO (Initial Coin Offering) is a brand new way to raise funds, instead of IPO for the traditional markets, cryptocurrency projects use ICO to raise funds. Investors are given coins for their investment instead of stocks. Almost every crypto project had a ICO

Bitcoin (BTC)

The first ever cryptocurrency, Bitcoin is considered the most secure cryptocurrency, because the amount of computing power and number of nodes providing the protection is the largest. It has implemented a software update allowing something called SegWit2x which will increase the size of the blocks (the pages in the banking analogy) from 1 to 2MB and allows the creation of “side chains” which free up room on the main blockchain and can add extra functionality such as instant atomic swap between cryptocurrencies and smart contracts.

ICO

There is no ICO for Bitcoin, Satoshi Nakamoto mined the first blocks to get the Bitcoin blockchain started, then other crypto enthusiast joined in after

Supporting Organizations and Partnerships

There is no official supporting company or partnership, although many organizations are working to improve Bitcoin blockchain such as Blockstream, Twitter and many others

Consensus Method PoW (Proof of Work)

Programming Language: Mostly in C++

Use Case: Currency and Store of Value

Advantages

  • First mover advantage
  • Largest network effects

Disadvantages

  • Disagreements between miners may cause instability
  • Government may enforce regulations
  • The transaction backlog has been growing

Ethereum (ETH)

Ethereum’s rise came about because of the hype of Smart Contracts. It had a very large amount of ICOs on its platform and a lot of interest from the developer community. It aims to be a platform on top of which Dapps and Smart Contracts can be written. It uses its own programming language, Solidity.

ICO

ICO in 2013, raise $15.5 million, had other tokens sales after 2013

Supporting Organizations and Partnerships

Ethereum Foundation, Consys, Enterprise Ethereum Alliance (consists of over 500 organizations)

Consensus Method Currently PoW (Proof of Work), plans to change to PoS (Proof of Stake)

Programming Language: Solidity

Use Case: Smart contracts, Dapps, ICO platform

Advantages

  • Largest following amongst blockchain developers
  • The best developer tools
  • Large corporate support through the Ethereum Enterprise Alliance (EEA)
  • Concise programming language

Disadvantages

  • DAO hack can occur on other software developed on the platform
  • Uncertainty surrounding PoS shift

Ripple (XRP)

The first cryptocurrency created for the banks. It has a very specific use case: providing liquidity in cross border transactions between banks

ICO

Arguably Ripple didn't have a ICO, Ripple Labs raised money through traditional investment method for startups

Supporting Organizations and Partnerships

Ripple Labs, XRPL Labs, Xpring, Ripplenet (consist of over 300 financial institutions)

Consensus Method: Ripple Consensus Protocol

Ripple Consensus Protocol Algorithm (RCPA) consists trusted nodes run by banks and other organizations

Programming Language: The core of the ripple system is written in C++, with various interfaces / libraries written in Javascript

Use Case: Cross border payments

Advantages

  • Specific use case
  • Working product
  • Legal compliance

Disadvantages

  • Perceived as a centralized cryptocurrency

LiteCoin (LTC)

Litecoin is the Silver to Bitcoin’s Gold, faster transaction time. Litecoin is a fork of Bitcoin core

ICO

Charlie Lee the creator of Litecoin claims Litecoin wasn't an ICO

Supporting Organizations and Partnerships

Litecoin Foundation. The Litecoin Foundation the nonprofit organization acquired 9.9% of Germany's WEG bank in 2019, then the Foundation increased its investment to almost 30% of the bank's equity

Consensus Method PoW (Proof of Work)

Programming Language: C++ for Litecoin core and Java for Apps

Use Case: Currency

Advantages

  • Confirmation time are 4 times faster than Bitcoin
  • Codes that run on Bitcoin can be almost completely copied and run on Litecoin, saves developing time

Disadvantages

  • No differentiation from Bitcoin, most of the time changes are tested on Litecoin blockchain before they are implemented on the Bitcoin blockchain

IOTA (IOTA)

IOTA is uses a “Tangle Network” instead of a blockchain, allows instant, free transactions with the intention of creating a “Machine Economy”. It aims to be the cryptocurrecny that can be used in machine communications

ICO

IOTA Foundation raised $434,000 USD during their ICO which started on November 24th 2015 until December 20th 2015. Comparatively it is a very small amount to other ICOs, but at the time it was an impressive accomplishment

Supporting Organizations and Partnerships

IOTA Foundation, Microsoft, Tesla (information not officially confirmed), Porsche, BOSCH, Fujitsu

Consensus Method PoW (Proof of Work)

Consensus Tangle Network

Programming Language: IOTA development map mentions several programming languages: Rust, Go, Javascript, Java and C++

Use Case: Machine economy

Advantages

  • Instant, free transactions
  • Specialized technology "Tangle Network"
  • Large potential market in the Machine Economy
  • Strong partnerships

Disadvantages

  • "Tangle Network" is a brand new technology and has many unknowns

OmiseGo (OMG)

OmiseGo is a DApp built on the Ethereum blockchain. It is part of the parent company Omise which is payment gateway provider in the South East Asian market. OmiseGo aims to solve payment problems in South East Asian where the majority of the population have no access to traditional banking services and all have cellphones

ICO

OmiseGo raised $25 million in its ICO in 2017

Supporting Organizations and Partnerships

Omise, Credit Saison, Mizuho Financial Group, McDonald’s Thailand, TrueMoney, PaysBuy, Bank of Ayudhya (Krungsri), Sumitomo Mitsui Banking Corp (SMBC), Sinar Mas Digital Ventures (SMDV), GreyLock Partners

Consensus Method PoW (Proof of Work)

Consensus Based on the Ethereum blockchain

Programming Language

Based on Ethereum

Intended Use Case: payment gateway for people without traditional banking access

Advantages

  • Uniquely positioned in East Asia with access to Korean and Japanese markets.
  • High profile advisers including Vitalik Vuterin, Joseph Poon and Julian Zawistowski
  • Backed by parent company Omise

Disadvantages

  • Not proven, a lot of work needs to be done

EOS (EOS)

EOS aims to be the “operating system” on which other blockchains can more easily be built. EOS is geared towards Dapps and games. EOS allows Dapps to be made easily and interoperate. The ICO which ran for 1 year raised $4 Billion

ICO

Block.one raised $4 billion in a year long ICO for the EOS project in 2018

Supporting Organizations and Partnerships

Block.one, Tapatalk, Wanchain, Galaxy Digital, EOS Global, FinLab, SVK Crypto and many others

Consensus Method dPoS (Delegated Proof-of-Stake)

Programming Language: C++ is the main programming language of EOS preferred to run extensive applications on top of the blockchain. EOS also supports any language that compiles into WebAssembly (WASM)

Use Case: Blockchain games, Dapps, smart contract and an “operating system” for blockchains

Advantages

  • 1.5s confirmation time

Disadvantages

  • Block producer collusion

Disclaimer

We do not offer any financial advice. We recommend that you consult with your financial advisor for all your financial decisions. We are not responsible for any of your possible loss. Cryptocurrency is a very speculative asset. Please do your own research and due diligence. The information provided may not be 100% accurate or up to date as cryptocurrency space is changing by the second.