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@ -108,14 +108,14 @@ Here are some of the key financial and market metrics to consider:
* What is the total market capitalization of alt coin?
* How many estimated users/wallets does the alt coin have?
* How many merchants accept the alt coin?
* How many transactions (volume) are executed on the alt coin?
* How many daily transactions (volume) are executed on the alt coin?
* How much value is transacted daily?
In this chapter we will concentrate primarily on the technical characteristics and innovation potential of alt-coins, focusing on the first set of questions.
In this chapter, we will concentrate primarily on the technical characteristics and innovation potential of alt coins represented by the first set of questions.
==== Monetary Parameter Alternatives: Litecoin, Dogecoin, Freicoin
((("alt-coins","monetary parameter alternatives")))((("currencies, alternative","monetary parameter alternatives")))((("monetary parameter alternatives")))Bitcoin has a few monetary parameters that give it distinctive characteristics of a deflationary fixed-issuance currency. It is limited to 21 million major currency units (or 21 quadrillion minor units), has a geometrically declining issuance rate and a 10-minute block "heartbeat," which controls the speed of transaction confirmation and currency generation. Many alt-coins have tweaked the primary parameters to achieve different monetary policies. Among the hundreds of alt-coins, some of the most notable examples include the following.
((("alt coins","monetary parameter alternatives")))((("currencies, alternative","monetary parameter alternatives")))((("monetary parameter alternatives")))Bitcoin has a few monetary parameters that give it distinctive characteristics of a deflationary fixed-issuance currency. It is limited to 21 million major currency units (or 21 quadrillion minor units), it has a geometrically declining issuance rate, and it has a 10-minute block "heartbeat," which controls the speed of transaction confirmation and currency generation. Many alt coins have tweaked the primary parameters to achieve different monetary policies. Among the hundreds of alt coins, some of the most notable examples include the following.
*Litecoin*