What many people don’t know is that bitcoin is just one of dozens of cryptocurrencies on the Internet. So putting aside bitcoins for now, which are by far terracoin vs bitcoin value most well-known and valuable, here is what you need to know about some of the most popular bitcoin competitors.
Some call litecoin the silver to bitcoin’s gold, and many investors who missed the bitcoin bandwagon are putting money into litecoin, hoping for a similar explosion in value. Mining dogecoin yields the highest reward, as each block contains 526,226 dogecoins. 5574 minutes for a transaction to be confirmed. Quarkcoin also has the distinction of being the most-mined, as 548,325 blocks have been created in just over six months. Peercoin separates itself from other cryptocurrencies by not having a limit on the amount of coins that can be created.
Instead, Peercoin maintains an annual inflation rate of 1 percent in order to increase energy efficiency and allow for greater scalability in the long term. Freicoin is based on the same proof-of-work block chain used by Satoshi Nakamoto used to create bitcoin. The difference is that Freicoin has a demurrage fee that Freicoin holders pay automatically to ensure the coin’s circulation. Namecoin has the distinction of being the most difficult cryptocurrency to mine, besides bitcoin.