Bitcoin is nothing new: here are five alternative currencies that have been in use for centuries

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This is a list of cryptocurrencies. From Wikipedia, the free encyclopedia. Cryptocurrency with the most famous, popular, notable and highest market capitalization.

First block chain to support currency creation by interest paid on debt. Solidus Bond proto smart-contract. One of the first digital coins patented bitcoin alternative currency the Bitcoin alternative currency. First block chain to support encrypted mail with attachments.

Not based on bitcoin. It is commonly used to convert other cryptocurrencies to USD. Retrieved December 31, A Brief Thematic Review. Economics of Networks Journal. Date accessed August 28, Retrieved January 24, Retrieved January 14, A guide to some other crypto currencies".

Association for Computing Machinery. Retrieved July 24, Accessed December 28, Retrieved December 14, Archived from the original on Retrieved November 14, Retrieved April 9, Retrieved April 11, Using the Blockchain for Good". Retrieved January 20, Retrieved January 18, Mining Crypto currency with a Purpose". Retrieved January 15, Archived from the original on February 3, Retrieved December 21, The Wall Street Journal.

Retrieved October 13, Retrieved November 13, Retrieved Bitcoin alternative currency 18, Retrieved November 18, Grayscale launches digital-currency fund backed by Silver Lake's co-founder Hutchins". Retrieved April 27, Retrieved December 27, Retrieved October 20, Retrieved September 14, February 10, — via GitHub. Retrieved January 11, Retrieved January 13, Proof-of-authority Proof-of-space Proof-of-stake proof-of-work. Dogecoin Gulden Litecoin PotCoin.

Dash Decred Primecoin Auroracoin. IO Gridcoin Nxt Waves. Anonymous Internet banking Bitcoin network Complementary currency Crypto-anarchism Cryptocurrency exchange Digital currency Double-spending Electronic money Initial coin offering Airdrop Virtual currency. Retrieved from " https: Wikipedia indefinitely semi-protected pages Use mdy dates from January Articles containing potentially dated statements from April All articles containing potentially dated statements.

Views Read View source View history. This page was last edited on 15 Mayat By using this site, you agree to the Terms of Use and Privacy Policy. Satoshi Nakamoto [nt 1]. SHA-2 56d [6] [7]. The first decentralized ledger currency.

Bitcoin alternative currency first cryptocurrency to use Scrypt as a hashing algorithm. Vincent Durham [11] [12]. Also acts as an alternative, decentralized DNS. First digital coin with theoretical value based on the work required to produce bitcoin alternative currency. First cryptocurrency based on the CryptoNote algorithm. Bitcoin alternative currency on user privacy through impassive and anonymous transactions.

Sunny King pseudonym [15]. Trusted storage for any small data: The first cryptocurrency linked to citizen science through the Berkeley Open Infrastructure for Network Computing [28] [29]. Uses the finding of prime chains composed of Cunningham chains and bi-twin chains for proof-of-work, which can lead to useful byproducts.

Ripple [32] [33] [34]. Designed for peer to peer debt transfer. Specifically designed as a flexible platform to build applications and financial services around its protocol. Baldur Odinsson pseudonym [40]. Used American hip hop artist Kanye West as its mascot, abandoned after trademark lawsuit. A bitcoin -based currency featuring instant transactions, decentralized governance and budgeting, and private transactions. Privacy-centric coin using the CryptoNote protocol with improvements for scalability and decentralization.

ScalaJava [52]. The first cryptocurrency to be nominated for a major adult industry award. Open-source, decentralized global financial network. Supports Turing-complete smart contracts. Jan Ludovicus van der Velde [68]. ScalaBitcoin alternative currency [73].

Open blockchain platform, featuring token creation, distributed bitcoin alternative currency and fast, high volume, transactions designed for ease of use [74] and mass adoption. Feeless Smart contract platform for decentralized applications and decentralized autonomous corporations with a block time of ms.

KodakCoin is a "photographer-centric" blockchain cryptocurrency used bitcoin alternative currency payments for licensing photographs. First cryptocurrency backed by Venezuela 's reserves of oil.

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Though the term emerging markets is a catch-all masking enormous variations in economic development there is no doubt that large numbers of young adults are going to face increasingly uncertain times of political and economic unrest. In these cases, as the national currency became increasingly devalued, either due to government over-printing or large injections of counterfeit bills, citizens have privileged foreign currency in order to maintain the import of goods.

But dollars are hard to come by in legal ways. Aggravated by limited foreign reserves and fixed exchange rates pegging the national currency at artificially high rates to other currencies, black market currency trading has flourished.

Finally, in Nigeria, dealers trading at an exchange rate weaker than the government-sanctioned rate risk running afoul of Nigerian intelligence services.

Not all are suffering from the discordance between the official versus black-market rates. In fact, up till , some benefitted greatly from the spread. Bypassing government control and regulation, accessible via a smartphone and not dependent on a bank account, bitcoin offers one the most viable alternatives to the prized US dollar in countries suffering from an inflationary monetary policy.

Though the government is capable of limiting the supply of foreign currency through its own channels, the only way it could restrict access to bitcoin would be via nationwide internet censorship.

Instead, authorities claimed the energy-intensive operation was hijacking national resources. The Latin-American nation is rocked by frequent and often severe blackouts and as electricity is heavily subsidized by the state and provided virtually free to residents, the charges of electricity theft are not entirely without merit. Some nations have felt the currency itself directly undermines their own economic policy, and have taken steps to outright ban it. With anonymous transactions publicly controlled and validated, it has gained a reputation for being the de facto currency for extralegal, if not illegal activities.

It can be argued that these nefarious beginnings are what allowed it to gain traction in its earliest days. However, the reality is that today, Bitcoin existing independently of a regulating body is what makes it so attractive as an alternative currency. Regulating bodies are known to make mistakes and populations suffering from those mistakes must seek alternative monies regulated by alternative bodies.

Why not, therefore, a currency regulated by the people? But in Bitcoin we hope Bypassing government control and regulation, accessible via a smartphone and not dependent on a bank account, bitcoin offers one the most viable alternatives to the prized US dollar in countries suffering from an inflationary monetary policy.

Bitcoin offers one the most viable alternatives to the prized US dollar in countries suffering from an inflationary monetary policy. Not now for all, but some people need it now. Contactless cards and payments have made life in countries like Australia and the United Kingdom easier — the benefits for customers are obvious.

But why has the United States been lagging behind for so long?