Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale that took place between July and August 2014. The system then went live on 30 July 2015, with 72 million coins “pre-mined”. This accounts for about 68 percent of the total circulating supply in 2019.
Ethereum is an open source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions. Ether is a cryptocurrency generated by the Ethereum platform and used to compensate mining nodes for computations performed.
Each Ethereum account has an ether balance and ether may be transferred from one account to another.
Ethereum provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. The virtual machine’s instruction set, in contrast to others like Bitcoin Script, is thought to be Turing-complete. “Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.
English name: Ethereum
Referred to as: ETH
Developers: Vitalik Buterin
Release date: 2014-05-01 00:00:00
Total Supply: Infinite Supply ; recorded up till 120 Million ETH (Last Update 16th April 2019）
Main features: ERC-20, Including Digital Currency And Smart Contracts And Other Features
Litecoin (shorthand: LTC, L2C, currency symbol: Ł) is a peer-to-peer electronic cryptocurrency and an open source software project under the MIT/X11 license. Litecoin was inspired by Bitcoin (BTC) and technically used the same implementation principle. Litecoin’s creation and transfer was based on an open source encryption protocol and was not managed by any central agency. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.
Litecoin aims to improve Bitcoin, with three significant differences compared to Bitcoin:
First, the Litecoin network can process a block approximately every 2.5 minutes, thus providing faster transaction confirmation.
Secondly, the Litecoin network is expected to produce 84 million Litecoin, which is more than four times the amount of currency issued by the Bitcoin network.
Third, Litecoin used the Scrypt encryption algorithm first proposed by Colin Percival in its workload proof algorithm, which makes it easier to perform Litecoin mining on ordinary computers than Bitcoin (before the birth of the ASIC mining machine). Each Litecoin is divided into 100,000,000 smaller units, defined by eight decimal places
Release Date：October 7th 2011
Number of currencies：84 million
Main features：Trade confirmations can be provided quickly, mining Litecoin on ordinary computers easier.
Litecoin forum link：https://litecointalk.org/
The Digital Asset for Payments
XRP is the digital asset built on the XRP Ledger for enterprise use. The XRP Ledger is a decentralized cryptographic ledger powered by a network of peer-to-peer servers.
XRP, a digital asset designed to bridge the many different currencies in use worldwide. Ripple stewards the development of the XRP Ledger, and advances XRP as a key contribution to the Internet of Value: a world in which money moves the way information does today.
XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments. Hence the main advantage of XRP over the other 1500 altcoins is that it’s actually being used by over 100 companies around the world.
XRP promises expedited transactions and increased stability. As a distributed network, XRP does not depend on a single company to manage and secure the transaction database. Consequently, there is no waiting on block confirmations, and transaction confirmations can go through the network quickly.
Release Date：May 15th 2018
Total Supply：100 million
Main features：the most efficient settlement option for financial institutions and liquidity providers seeking global reach, accessibility and fast settlement finality for interbank flows.
GOLEM (GNT) is a peer-to-peer decentralized marketplace for computing power. The project aims to be an alternative to centralized cloud service providers with its lower price point and open-source community of developers. The Golem network pools global computing power and enables users to access these resources with GNT. Token holders pay resource owners to complete tasks requiring computational resources. The network is composed of the aggregated power of user devices. Golem is reportedly able to compute tasks that run the gamut from CGI rendering to machine learning. Transactions between participants are deemed to be safe because computations take place in sandbox environments that are sequestered from hosts’ systems.
Golem connects computers in a peer-to-peer network, enabling both application owners and individual users (“requestors”) to rent resources of other users’ (“providers”) machines.
Refer to as：GNT
Release Date：Feb 2015
Total supply：1,000,000,000 GNT
Main Features：Any user ranging from a single PC owner to a large data center can share resources through Golem and get paid in GNT (Golem Network Tokens) by requestors.
OmiseGO (OMG) is a Proof-of-Stake ERC-20 token, the first cryptocurrency built on top of Ethereum’s Plasma network, which allows speeds up to 1,000,000 transactions per second (compared to regular Ethereum’s 15 transactions per second) and can run as a child chain on other blockchains as well.
It is a public Ethereum-based financial technology for use in mainstream digital wallets. OmiseGo enables real-time, peer-to-peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies. Designed to enable financial inclusion and disrupt existing institutions, access will be made available to everyone via the OmiseGo network and digital wallet framework. Omise, which serves business customers in Japan, Thailand and Indonesia, currently operates an ecommerce platform that lets companies take payments from customers online. It has a full-featured white label payment management platform for these businesses. With OmiseGo, and the OMG token, Omise aims to simplify the barriers to payments by removing the need to own a bank account.
OMG also creates payments network which integrates with a decentralized exchange (DEX), where users can transact with any type of asset, whether fiat currencies, cryptocurrencies, or even alternative currencies including AirMiles or gift cards.
The DEX will be held up by its user base, and the P2P setting will allow transactions to take place in near instant time and without significant fees.
Facts and Features
– Providing alternative financial and digital commerce tools for everyone without having to go through traditional banks, institutions and card networks.
– Through the OmiseGo network, anyone can conduct financial transactions such as payments, remittances, payroll deposit, B2B commerce, supply-chain finance, loyalty programs, asset management and trading, and other on-demand services, in a completely decentralized and inexpensive way.
– Token holders will be eligible to earn transaction fees for interchange payments and decentralized exchange.
– OmiseGo is one of two projects that Vitalik Buterin officially advises. OMG is also supported by Ethereum’s Dr. Gavin Wood, Joseph Poon, the co-author of the Lightning network and Plasma network, and Roger Ver.
– OMG’s slogan is “Unbank the Banked”. Instead of talking about banking the unbanked, OmiseGo is focusing on taking the inefficiencies out of the traditional banking system by providing a far superior system. It will help people in third-world countries who don’t have access to financial institutions, but it is also focusing on removing the need to have a bank account in the first place.
English Name: OmiseGo
Total Amount: 140 Million
Official Website: https://omisego.network/
Storj (STJ) hopes to provide decentralised cloud storage to its community. Storj works on the premise that each user is entitled to the same amount of space on the network as they make available to the community. Users can also receive payment for renting their extra disk space. Files are split up into smaller components and dispersed across an array of devices, with users maintaining control of their keys, which grants them access to their files, at all times. As a result, this decentralised cloud storage model creates additional security for users relative to centralized cloud storage providers.
English Name: Storj
Total Amount: 424,999,998 STORJ
Official Website: https://storj.io
0x (ZRX) is a cryptocurrency token and operates on the Ethereum platform. 0x has a current supply of 1,000,000,000 ZRX with 600,933,964 ZRX in circulation. The last known price of 0x is $0.210789 USD and is down 0.67% over the last 24 hours. It is currently trading on 168 active market(s) with $11,193,641 USD traded over the last 24 hours. More information can be found at https://0x.org/.
0x is an open protocol for decentralized exchange on the Ethereum blockchain. It is intended to serve as a basic building block that may be combined with other protocols to drive increasingly sophisticated dApps. 0x uses a publicly accessible system of smart contracts that can act as shared infrastructure for a variety of dApps. In the long run, open technical standards tend to win over closed ones, and as more assets are being tokenized on the blockchain each month, we will see more dApps that require the use of these different tokens. As a result, an open standard for exchange is critical to supporting this open economy.
English Name: 0x
Total Amount: 1,000,000,000 ZRX
Official Website: https://0x.org
WOWX is a centralized crypto to crypto exchange operating on ERC20 platform that accepts Ethereum (ETH) and is paired primarily with Bitcoin (BTC), as base currency for trading other coins. The native currency is called WOWX token (WOWX).
– High Liquidity
Centralized exchanges are more popular with investors and enable faster trading, hence higher trading volume
– Faster Transaction Speed
Off-chain or centralized matching systems help facilitate far greater transaction speed than decentralized/P2P exchanges.
– Easy-to-Use Interface
A user-friendly interface, especially familiar for users of traditional exchanges, lowers barriers to entry and allows easy on-boarding of new traders.
– Better Regulation
Most centralized parties are licensed companies and have to adhere to governmental regulations, lending them greater accountability.
English Name: WOW EXCHANGE
Total Amount: 185,000,000 WOWX
Official Website: https://gowowx.com