Alternative cryptocurrencies DASH, EOS, Monero, NEO, Stellar lumens, Cordano and Tron.

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Dash

Dash is an open source cryptocurrency and altcoin that has been extracted from the Bitcoin protocol. It is designed to execute transactions quickly and have agile management in order to overcome Bitcoin shortages. Slightly yellow from some of the other major currencies that runs on a "decentralized autonomous organization." This means that it is run by a subset of users or "masternodes" who perform all the basic functions including blockchain hosting and transaction validation. Users also retain all important decisions and make a sense as "shareholders". All anonymous transactions on Dash blockchain remain anonymous.

EOS

EOS is a native cryptocurrency, powering the EOS.IO blockchain protocol, which acts as an intelligent contract platform and decentralized operating system. Developers can use EOS.IO to build applications, and having EOS coins is a claim on server resources. The platform's goal is to provide decentralized application hosting, smart contract capabilities, and decentralized storage for enterprise solutions that address the scalability issues of more famous block blocks such as Bitcoin and Ethereum. The operating system itself is run by 'block makers' who, like bitcoin miners, maintain the blockchain and get paid for it in EOS.

While the EOS blockchain is very similar to Ethereum, the focus is on making the interaction between the end user and the blockchain more user-friendly. EOS also differs in that it does not charge transaction fees as it is essentially a service for app developers.

Monero

The main goal of Monero is the confidentiality and undetectability of transactions. Most cryptocurrencies (including Bitcoin) have transparent blockchains, meaning that all transactions, including send and receive addresses, can be tracked and potentially linked to real-world identities. Monero uses cryptography to mask the addresses of the sender and recipient of the transaction, as well as the amount itself.

Monero uses Proof Of Work to mine new currencies and motivate miners to secure the network and validate transactions.

NEO

NEO is an intelligent and cost-effective platform that automates the management of digital assets through smart contracts. The cryptocurrency community referred to NEO as "Chinese Ethereum". NEO is backed by the Chinese government as part of its strategy to become a leader in the blockchain industry.

NEO is a 100% issued (mined) currency, so when NEO is purchased, the buyer gets tokens on the previous issue, making it a centralized system. NEO holders have the right to manage and make network decisions (including maintaining the blockchain base through Proof of Work) and are rewarded by GAS - a cryptocurrency token issued on the NEO platform. NEO holders do not necessarily need to perform any Proof of Work processes to earn GAS. NEO tokens generate GAS tokens for their owners simply for having them.

GAS is needed to take advantage of smart contracts and the NEO platform, which is likely to put pressure on the demand for NEO, raising its price and thus attracting more users.

Stellar lumens

Stellar is a payment network that uses its own tokens - lumens. It acts as an intermediary in international transfer, making cross-border payments more effective. Stellar initially forked out of the waves, but has since introduced its own network, the Stellar Consensus Protocol.

The Stellar payment network is operated by a system of decentralized servers that run a ledger that tracks the network's data and transactions. The person and entities providing these servers are rewarded in lumens.

To make a payment, the payer sends the funds to the "anchor" in the Stellara network, which then emits lumens in the payer's virtual wallet. The payer will be able to send the lumens to the recipient immediately, without having to wait for the bank. If the currencies of both sides are different, Stellar would use the best available exchange rate to convert the Lumens into the currency of the recipient's wallet.

Cardano

Cardano is an ADA cryptocurrency that can be used to send and receive digital funds. This digital currency enables fast and direct transfers that guarantee security thanks to cryptography.

Cardano is developing a smart contract platform that aims to provide more advanced features than anything that has been previously developed. The protocol features a multi-tier blockchain software suite that is flexible, scalable, and developed with academic and commercial software standards at the center of its philosophy. Cardano has a democratic management system that will allow the project to evolve over time and finance itself sustainably.

Tron

Tron is an operating system based on blockchain and a decentralized platform. The main goal of Grupa Tron is to make Internet resources independent of large corporations. The Internet is supposed to be an asset for everyone, not a tool for the enrichment of small groups of people. Tron allows digital content creators to sell their creations directly to audiences, rather than via an "app store," putting control back into the creators' hands.


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