Mapping cryptocurrency - A quick analysis of the main cryptocurrency assets
Hi everyone!
I have found this great table analysing the main cryptocurrency assets on one chart. I hope it will be useful to you as it was to me.
| Name | Description | Pros | Cons | Where to buy | Similar to | Category |
|---|---|---|---|---|---|---|
| Bitcoin (BTC) | Bitcoin is a cryptocurrency and a digital payment system | • Most widely used cryptocurrency • Largest developer community |
• Slow transaction time • Not segwit-ready |
Coinbase | Litecoin | Currency |
| Ethereum (ETH) | Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. | • Programmable money • Smart contracts • Huge community - Ethereum Enterprise Alliance consists of companies like Microsoft, Intel, and more |
• Higher inflation than bitcoin • More Transactions/second than bitcoin but slower than NEM |
Coinbase | Waves | Platform |
| Ripple (XRP) | Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network operated by Ripple. | • Math-based currency • Free from DoS attacks • Its settlement infrastructure is used by the banks |
• Founders of Ripple control ~60% of XRP | Bittrex, Poloniex | Stellar | Payment Network |
| NEM (XEM) | NEM has a stated goal of a wide distribution model and has introduced new features to blockchain technology such as its proof-of-importance (POI) algorithm, multisignature accounts, encrypted messaging, and an Eigentrust++ reputation system. | • Its private blockchain, Mijin, is tested by the Japanese banks. • Variety of usecases - can send payments and messages securely globally. • Incredibly scalable - 3000 transactions/sec/ • Low transaction fee - 0.01% fee |
• No private transactions • No mining available • Unclear roadmap • Lack of enterprise features • No substantial development updates recently |
Bittrex, Poloniex | Stellar, Dash, Ripple | Payment Network, Platform |
| Litecoin (LTC) | Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. | • Faster transaction time than bitcoin. • Also can handle more transactions than bitcoin. • Segwit-ready |
• Weak marketing | Coinbase | Bitcoin | Currency |
| Ethereum Classic (ETC) | Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. | • Continuation of the original Ethereum blockchain - the classic version preserving untampered history | • Community of developers vehemently against Ethereum | Bittrex, Poloniex | Ethereum | Currency |
| Dash (DASH) | Dash (formerly known as Darkcoin and XCoin) is an open source peer-to-peer cryptocurrency that offers instant transactions (InstantSend), private transactions (PrivateSend) and token fungibility. | • Instantaneous transaction time about 1.2 seconds • Private transaction possible with privatesend • Low transaction fee |
• Core team is secretive about their roadmaps • Decentralized governance is immature - few masternode owners make the decision |
Bittrex, Poloniex | Stellar, NEM, Ripple | Payment Network |
| Monero (XMR) | Monero (XMR) is a privacy-focused cryptocurrency that is not based on Bitcoin's code. | • Unttraceable payments & Unlinkable transactions • Second most used cryptocurrency in the dark web. • Cryptonote-based |
• Untraceability makes it challenging to go mainstream | Bittrex, Poloniex | Bytecoin, Zcash | Currency |
| Bytecoin (BCN) | Bytecoin allows safe and secure transactions around the globe and offers the convenience of instant fee-free money transactions. | • Free instant international payments. • Unntraceable payment • Cryptonote-based |
• 80%+ were premined prior to public release | Bittrex, Poloniex | Monero, Zcash | Payment Network |
| Stellar Lumens (XLM) | Stellar is a platform that connects banks, payments systems, and people. | • Instant payment (2-5 seconds) • Customizable payment infrastructure |
• No mining available. 90% of Lumens are owned by the founders | Bittrex, Poloniex | Ripple | Payment Network |
| Dogecoin (DOGE) | Dogecoin is a cryptocurrency featuring a likeness of the Shiba Inu dog from the "Doge" Internet meme as its logo. | • Easy to send payments online | • Coin is not taken seriously. • No unique technical feature |
Bittrex, Poloniex | Steem | Currency |
| Golem (GNT) | Golem is a global, open sourced, decentralized supercomputer that anyone can access. It's made up of the combined power of user's machines, from personal laptops to entire datacenters. | • You get rewarded for renting out computing power | • No Mining available | Bittrex, Poloniex | Siacoin | Computing Network |
| Augur (REP) | Augur is a fully open-source and decentralized prediction market platform built on Ethereum, a blockchain technology that allows for the execution of smart contracts. | • It allows you to forecast events and be rewarded for predicting the outcome correctly. | • Not much activity in the prediction market | Bittrex, Poloniex | Gnosis | Prediction Market |
| Zcash (ZEC) | Zcash is the first open, permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography. | • Unttraceable payments & Unlinkable transactions | • 20% of block reward goes to the developers. | Bittrex, Poloniex | Bytecoin, Monero | Currency |
| Stratis (STRAT) | Stratis offers full service capabilities for the development, deployment and management of blockchain applications and solutions utilizing C# on the .Net framework. | • Block chain as a service. (Private & public blockchains for corps) • Segwit-ready. • Master nodes provide extra services like making the network transactions more private, enabling instant transactions, etc. • Smart contracts using C# |
• No actual corporate customers as of May 30th 2017 • Smart contracts available only on sidechains |
Bittrex, Poloniex | Lisk | Platform |
| Steem (STEEM) | Steem is a blockchain-based social media platform where anyone can earn rewards. | • Content creators on steemit.com get rewarded when their posts get upvoted | • Vulnerable to voting manipulation via sybil attack | Bittrex, Poloniex | AMP Synereo | Currency |
| Gnosis (GNO) | Based on Ethereum — The next generation blockchain network. Speculate on anything with an easy-to-use prediction market. | • Can create a customizable prediction market app | • No known Gnosis-powered apps | Bittrex, Poloniex | Augur | Platform |
| Waves (WAVES) | Crypto-platform for asset/custom token issuance, transfer and trading on blockchain | • Allows for trading on its decentralized exchange • Straightforward custom token creation process • Fast transactions and future-proof scaling. • Friendly community |
• Many fake coins created as a result of easy creation process | Bittrex | Bitshares, Lykke | Decentralized Exchange |
| Bitshares (BTS) | BitShares offers a stack of financial services including exchange and banking on a blockchain. | • Allows for trading on its decentralized exchange • Extremely fast transaction time - handles tens of thousands/sec • Allows for creation of smartcoins and user-issued assets akin to Waves' custom tokens |
• Declining developer interest. Main developer left to work for Steem | Poloniex | Waves, Lykke | Decentralized Exchange |
| Siacoin (SC) | Sia is a decentralized network of datacenters that, taken together, comprise the world's fastest, cheapest, and most secure cloud storage platform. | • You get rewarded for renting out your computer storage • Files are split across the network & encrypted so no need to worry about privacy |
• Low adoption | Bittrex, Poloniex | Golem, Storj | Storage Network |
| Lykke (LKK) | Next-generation trading platform with zero commission | • You can trade colored coins that are associated with physical assets • 0 trading fees • Each Lykke coin represents a share in the company |
• No mining available • Coin is available only via their mobile app • Not available in the US |
N/A | Bitshares, Waves | Decentralized Exchange |
| Komodo (KMD) | Komodo Platform aims to provide security to third-party blockchains using delayed Proof of Work (dPoW) and zero-proof knowledge based on Zcash | • Allows developers to build independent blockchains • Resistant to parent chain's fee inflation • Zcash-level privacy • Support smart contracts development • Atomic cross-chain swap possible, hence no exchange fee on its DEX. |
• Relatively unknown | Bittrex | Ethereum, Stratis | Platform, Decentralized Exchange |
I would like to stress out the fact that I did not write the content on this table and you can find the original copy on the following links:
Reference: https://github.com/kilimchoi/cryptocurrency
I apologise if you can see only half of the table. Here the google sheets link: https://docs.google.com/spreadsheets/d/1pjOn1R3U06PHZV1G81qRTg6j-CYT6xpprn-Ico3a_kg/edit?usp=sharing
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