Coin Rules Everything Around Me
February 5, 2014 6:19 AM Subscribe
In 2014, Bitcoin (BTC) has become established as increasingly "real" money with government regulatory interest, law enforcement, and growing acceptance in commerce, but also as the reserve cryptocurrency for hundreds of "altcoins," making them also convertible to legacy money. Foremost among these is Litecoin (LTC), which introduced the scrypt hashing algorithm to cryptocurrency, democratizing coin mining by being best suited to common GPUs rather than Bitcoin's dedicated mining equipment. Recently donated LTC paid for a forest in Madagascar. Peercoin (PPC), next in prominence, introduces "proof of stake" where less energy is spent mining and existing coins pay interest. Dogecoin (DOGE), a fork of Litecoin (previously covered on Metafilter), continues heading to the moon, with more transactions than all other coins combined, thriving markets in digital goods, tipbots, an upcoming party in NYC's Bitcoin Center on Wall Street, much charity, and the recent announcement that new Dogecoins will be generated indefinitely. A selection of other foremost and interesting cryptocurrencies is within.
- NXT, uncommonly not based on Bitcoin's code/protocol, is a 100% proof of stake coin aiming for "next generation" features.
- Mastercoin attempts to supplement Bitcoin with "next generation" features.
- Quark uses multiple hashing rounds and CPU mining.
- Primecoin searches for prime numbers.
- FedoraCoin is a loser crypto which recently announced it plans to add anonymity, also a goal of Anoncoin.
- LottoCoin has occasional super-high-value mining rewards.
- DataCoin can store files in the blockchain.
- 42Coin will only ever have 42 coins, with about 1 mined so far.
- PotCoin will have 420 million coins at 420 coins per block.
- Coinye got sued, caused drama.
- NameCoin is a key value store including a DNS replacement.
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