Decentralized systems

A cryptocurrency is a type of digital token that relies on cryptography for chaining together digital signatures of token transfers, peer-to-peer networking and decentralization. In some cases a proof-of-work scheme is used to create and manage the currency.

Cryptocurrencies allow electronic money systems to be decentralized.

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Systems include:

  • Bitcoin, the first cryptocurrency, a peer-to-peer electronic monetary system based on cryptography.
  • Ethereum, an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality.
  • Bitcoin Cash, a 2017 fork of bitcoin; main differences from bitcoin are larger blocks, different difficulty adjustment algorithm, and lack of Segregated Witness.
  • IOTA, an open-source distributed ledger and an electronic monetary system designet for the Internet of Things. It uses a directed acyclic graph (DAG) instead of a blockchain.
  • Ripple monetary system, a monetary system based on trust networks.
  • Litecoin, originally based on the bitcoin protocol, intended to improve upon its alleged inefficiencies. Faster block times and different mining algorithm compared to bitcoin.
  • Dash, originally based on the bitcoin protocol, it offers the option of instant and private transactions. It is a Decentralized Autonomous Organization.
  • Hatch, a 2018 fork of Dash.
  • NEM, a peer-to-peer electronic monetary system and a blockchain platform which allows for storing digital assets.
  • NEO, an open-source, public, blockchain-based distributed computing platform featuring smart assets contract functionality.
  • Monero, an open source cryptocurrency created in April 2014 that focuses on privacy, decentralisation and scalability.
  • Zcash, a cryptocurrency that offers privacy and selective transparency of transactions.
  • Dogecoin, a Litecoin-derived system meant by its author to reach broader demographics.
  • NXT, conceived as flexible platform to build applications and financial services around.
  • Zcoin, a privacy centric cryptocurrency that utilized the zerocoin protocol.

bitcoinwiki.org

Decentralized systems
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