Jason Genge Views On Cryptocurrency

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Jason Genge View On Cryptocurrency : Jason Simeon Genge AKA JS Genge a bitcoin lover and he is also launching his bitcoin wallet very soon.For More Read PPTs by Jason Genge.- fllow Jason Genge -https://plus.google.com/u/0/115846886431062163876

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Slide1:

Cryptocurrency Jason Simeon Genge

Bitcoin - BTC:

Bitcoin - BTC Peer–to-Peer technology and no central authority or banks o Transaction fees are lower Managing transactions and issuing of bitcoins is carried out collectively by the network Open-Source, design is public, nobody owns of controls Bitcoin 21 million Bitcoins to be issued Currently the dominant cryptocurrency by far Market cap - $12 billion Jason Simeon Genge

Bitcoin anonymity:

Bitcoin anonymity Bitcoin is pseudonymous, not anonymous, and bitcoins cant just disappear It works because every transaction is public and visible to each and every other person using bitcoin network A person is only as anonymous as their link to their wallet Jason Simeon Genge

Major Crypto-currencies – :

Major Crypto-currencies – Bitcoin Litecoin Peercoin Namecoin Megacoin Quarkcoin Protoshares Worldcoin Primecoin Feathercoin Nxt Novacoin Freicoin Anoncoin Terracoin CryptogenicBullion Infinitecoin Zetacoin BBQCoin 20 . Stableco i n Jason Simeon Genge

Differentation:

Differentation

Litecoin:

Litecoin Based on Bitcoin protocol Can be efficiently mined on consumer grade hardware Faster transaction confirmations (2.5min on average) Proof-of-stake in addition to proof-of-work Scheduled to produce 84 million currency units Current market cap - $867 million Jason Simeon Genge

Peercoin:

Peercoin Increased security via Proof-of-work + proof-of-stake hybrid algorithm Energy efficiency - generating proof-of-stake blocks Current market cap - $116 million Jason Simeon Genge

Namecoin - NMC:

Namecoin - NMC Key/Value registration and transfer system Based on Bitcoin technology Allows you to: Securely register and transfer arbitrary names (keys) Attach value (data) to the names Trade and transact namecoins Use cases: Timestamping Bonds, shares Voting / Web of Trust Market cap - $62 million Jason Simeon Genge

WorldCoin:

WorldCoin Faster transaction time – 30 sec (over 20 x faster that Bitcoin) 1% reward reduction weekly , encouraging quicker adoption 1 hour, maximum 10% difficulty retargeting to prevent pool abuse Market cap - $24.5 million

Other major cryptocurrencies- Jason Genge:

Other major cryptocurrencies - Jason Genge Quark Uses nine rounds of secure hashing from six different algorithms Extra secure Market cap - $30 million Primecoin Cryptocurrency with Prime Number Proof-Of-Work First currency to have non- hashcash proof-of-work Market cap - $16.9 million Feathercoin Market Cap - $15.9 million Megacoin Restricted to 42 million Market cap - $26 million

Tumbling:

Tumbling A couple of reddit users realised that the sheer size of the heist makes “tumbling” the coins - the normal method of laundering bitcoins - impossible, as long as they kept on their toes. Someone with bitcoin can send some to a tumbler like bitcoinfog, where it will be split into smaller subdivisions and mixed with other bitcoins from other places, recombining and splitting again several times over until the whole amount eventually comes out the other end, theoretically in such a way that it’s impossible to track. Silk Road’s in-built tumbler successfully foiled the FBI, allegedly. Jason Simeon Genge

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