AltCoins – Crypto()Currency – Cryptocurrency

AltCoins

What is Litecoin?

Litecoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world. It differs from its parent Bitcoin in that can be efficiently mined with consumer-grade hardware. Litecoin provides faster confirmations (targeted at every 2.5 minutes on average) and uses memory-hard, scrypt-based mining to target the CPUs and GPUs most people already have. The Litecoin network is scheduled to produce four times as many currency units as Bitcoin.

One of the aims of Litecoin was to provide a mining algorithm that could run at the same time, on the same hardware used to mine bitcoins. With the rise of specialized ASICs for Bitcoin, Litecoin continues to satisify these goals. It is unlikely for FPGA or ASIC mining to take over Litecoin until the currency is widely used.

Namecoin is a peer-to-peer generic name/value datastore system based on Bitcoin technology (a decentralized cryptocurrency). It allows you to:

There are plenty of possible use cases. Read more about Namecoin.

Note: the latest version of this document is at: this github location.

Devcoin is the coin where 90% of the generation goes to open source developers and 10% to the miners.

Read more here:

AltCoins - Crypto()Currency - Cryptocurrency