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Changing Summer 2014 to mid-2014, since seasons have different meanings in different hemispheres
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@ -124,7 +124,7 @@ One of the first alt-coins, released in 2011, Litecoin is the second most succes
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* Block generation time: 2.5 minutes
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* Total currency: 84 million coins by 2140
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* Consensus Algorithm: scrypt Proof-of-Work
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* Market capitalization: $160 million USD in Summer 2014
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* Market capitalization: $160 million USD in mid-2014
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*Dogecoin*
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@ -133,7 +133,7 @@ Dogecoin was released in December of 2013, based on a fork of Litecoin. Dogecoin
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* Block generation time: 60 seconds
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* Total currency: 100,000,000,000 (100 trillion) Doge by 2015
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* Consensus algorithm: scrypt Proof-of-Work
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* Market capitalization: $12 million USD in Summer 2014
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* Market capitalization: $12 million USD in mid-2014
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*Freicoin*
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@ -142,7 +142,7 @@ Freicoin was introduced in July 2012. It is a _demurrage currency_, meaning that
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* Block generation: 10 minutes
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* Total currency: 100 million coins by 2140
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* Consensus algorithm: SHA256 Proof-of-Work
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* Market capitalization: $130,000 USD in Summer 2014
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* Market capitalization: $130,000 USD in mid-2014
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==== Consensus Innovation: Peercoin, Myriad, Blackcoin, Vericoin, NXT
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@ -157,7 +157,7 @@ Peercoin was introduced in August of 2012 and is the first alt-coin to use a hyb
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* Block generation: 10 minutes
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* Total currency: No limit
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* Consensus algorithm: (Hybrid) Proof-of-Stake with initial Proof-of-Work
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* Market capitalization: $14 million USD in Summer 2014
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* Market capitalization: $14 million USD in mid-2014
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*Myriad*
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@ -166,7 +166,7 @@ Myriad was introduced in February 2014 and is notable because it uses five diffe
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* Block generation: 30 second average (2.5 minutes target per mining algorithm)
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* Total currency: 2 billion by 2024
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* Consensus algorithm: Multi-Algorithm Proof-of-Work
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* Market capitalization: $120,000 USD in Summer 2014
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* Market capitalization: $120,000 USD in mid-2014
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*Blackcoin*
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@ -175,7 +175,7 @@ Blackcoin was introduced in February 2014 and uses a Proof-of-Stake consensus al
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* Block generation: 1 minute
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* Total currency: No limit
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* Consensus algorithm: Proof-of-Stake
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* Market capitalization: $3.7 million USD in Summer 2014
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* Market capitalization: $3.7 million USD in mid-2014
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*VeriCoin*
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@ -184,7 +184,7 @@ VeriCoin was launched in May 2014. It uses a Proof-of-Stake consensus algorithm
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* Block generation: 1 minute
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* Total currency: No limit
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* Consensus algorithm: Proof-of-Stake
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* Market capitalization: $1.1 million USD in Summer 2014
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* Market capitalization: $1.1 million USD in mid-2014
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*NXT*
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@ -193,7 +193,7 @@ NXT (pronounced "Next") is a "pure" Proof-of-Stake alt-coin, in that it does not
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* Block generation: 1 minute
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* Total currency: No limit
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* Consensus algorithm: Proof-of-Stake
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* Market capitalization: $30 million USD in Summer 2014
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* Market capitalization: $30 million USD in mid-2014
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==== Dual-Purpose Mining Innovation: Primecoin, Curecoin, Gridcoin
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@ -207,7 +207,7 @@ Primecoin was announced in July 2013. Its Proof-of-Work algorithm searches for p
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* Block generation: 1 minute
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* Total currency: No limit
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* Consensus algorithm: Proof-of-Work with prime number chain discovery
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* Market capitalization: $1.3 million USD in Summer 2014
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* Market capitalization: $1.3 million USD in mid-2014
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*Curecoin*
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@ -216,7 +216,7 @@ Curecoin was announced in May 2013. It combines a SHA256 Proof-of-Work algorithm
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* Block generation: 10 minutes
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* Total currency: No limit
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* Consensus algorithm: Proof-of-Work with protein folding research
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* Market capitalization: $58,000 USD in Summer 2014
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* Market capitalization: $58,000 USD in mid-2014
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*Gridcoin*
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@ -225,7 +225,7 @@ Gridcoin was introduced in October 2013. It supplements scrypt-based Proof-of-Wo
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* Block generation: 150 seconds
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* Total currency: No limit
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* Consensus algorithm: Proof-of-Work with BOINC grid-computing subsidy
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* Market capitalization: $122,000 USD in Summer 2014
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* Market capitalization: $122,000 USD in mid-2014
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==== Anonymity-Focused Alt-Coins: CryptoNote, Bytecoin, Monero, Zerocash/Zerocoin, Darkcoin
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@ -246,7 +246,7 @@ Bytecoin was the first implementation spawned from CryptoNote, offering a viable
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* Block generation: 2 minutes
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* Total currency: 184 billion BCN
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* Consensus algorithm: Cryptonight Proof-of-Work
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* Market capitalization: $3 million USD in Summer 2014
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* Market capitalization: $3 million USD in mid-2014
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*Monero*
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@ -255,7 +255,7 @@ Monero is another implementation of CryptoNote. It has a slightly flatter issuan
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* Block generation: 1 minute
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* Total currency: 18.4 million XMR
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* Consensus algorithm: Cryptonight Proof-of-Work
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* Market capitalization: $5 million USD in Summer 2014
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* Market capitalization: $5 million USD in mid-2014
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*Darkcoin*
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@ -264,7 +264,7 @@ Darkcoin was launched in January of 2014. Darkcoin implements anonymous currency
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* Block generation: 2.5 minutes
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* Total currency: maximum 22 million DRK
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* Consensus algorithm: Multi-algorithm Multi-round Proof-of-Work
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* Market capitalization: $19 million USD in Summer 2014
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* Market capitalization: $19 million USD in mid-2014
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=== Non-currency alt-chains
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@ -281,7 +281,7 @@ Namecoin's basic parameters are the same as bitcoin's:
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* Block generation: 10 minutes
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* Total currency: 21 million NMC by 2140
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* Consensus algorithm: SHA256 Proof-of-Work
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* Market capitalization: $10 million USD in Summer 2014
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* Market capitalization: $10 million USD in mid-2014
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Namecoin's namespaces are not restricted, and anyone can use any namespace in any way. However, certain namespaces have an agreed upon specification so that when it is read from the blockchain, software knows how to read and proceed from there. If it is malformed, then whatever software you used to read from the specific namespace will throw an error. Some of the popular namespaces are:
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