IOTA refers to itself as “A permissionless distributed ledger for a new economy.” It is a 3rd generation cryptocurrency with a particular focus on system speed and scalability. IOTA aims to capitalise on the growing trend towards the “Internet of Things.” But what makes IOTA so unique is that it does not actually use a Blockchain, instead it has its own unique system which has allowed to become transaction free and extremely scalable.
It is hard to dispute the importance of research and academic rigour. For several projects, including Cardano, proper scholastic methodology has helped to pave the way for success. It is refreshing to see a modern cryptocurrency, utilising the latest in blockchain technology alongside peer-reviewed academic research to create a smart-contract platform built to last!
EOS, sometimes called Ethereum Killer, aims to serve as a platform for Decentralised Applications, Dapps. These Dapps would operate on a single, global network through EOS’ Blockchain, thus ensuring the privacy we have come to expect from cryptocurrencies such as BitCoin. EOS’ main competitor is Ethereum, the 2nd highest ranking cryptocurrency, and EOS is making some very bold moves that just might give it the edge it needs.
Cryptocurrencies, by and large, all aim to eventually replace conventional fiat money. With so many currencies around, what makes Dash stand out from the rest of the competition? One of Dash’s most ambitious goals is to create a digital currency with the same liquidity of paper money. It is also taking some of the technical issues which BitCoin faces, such as privacy concerns, scalability and transaction fees.
While technology has seen an explosive growth in recent years, most notably with regards to blockchain technology, our approach to money is archaic by comparison. Transferring money is still a rather laborious process, even more so when done across countries. Stellar promises a cheap way to transfer money with the same ease as sending an email!
Anyone who has displayed an interest in Ethereum will no doubt have heard of Ethereum Classic. Some confusion is natural, but main thing to keep in mind is that Ethereum Classic (ETC) and Ethereum (ETH) are two different and distinct cryptocurrencies. As a result these two cryptocurrencies are distinct from one another, although they share a common ancestry. While they share a similar functionality and core ideas, the difference lies in how the Ethereum community handled the DAO (Decentralized Autonomous Organisation) hack and the resulting fork.
With the steady increase of interest in cryptocurrencies, it was only a matter of time until something like the Binance Coin (BNB) came along! BNB isn’t just another cryptocurrency, it powers the whole Binance Exchange; a revolutionary (and profitable) means of trading different cryptocurrencies. Incidentally, it is the largest cryptocurrency exchange to-date, and with good reason too!
Expecting NEO to be “the one” to be bring peace to our current economic crises might be a tad naive, but that doesn’t mean that NEO has nothing to offer to the world of cryptocurrencies. Nothing could be further from the truth! NEO, often called China’s Ethereum, boasts considerable improvements over its Western counterpart, from technological advances to developments with regards to Smart Contract systems, all of which help earmark NEO as an up-and-coming cryptocurrency.
While Tron won’t have us stuck inside a mainframe or whizzing through our software on a Light Cycle, it does promise a very bright future for the entertainment industry! By combining Blockchain with distributed storage technology, Tron hopes to cut out the middleman and give power back to creators and their patrons.
While most cryptocurrencies are attempting to break away from banks and pre-established institutions, Ripple is in the unique position of bringing the two of them together in order to create a fast, frictionless and cheap means of transferring money globally. As Ripple grows it seeks to incorporate more and more banking institutions until it effectively replaces the outdated SWIFT system.