Jason Genge Views On Cryptocurrency

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Cryptocurrency
Jason Simeon Genge
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Bitcoin - BTC

• Peerto-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
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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
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Major Crypto-currencies

1. Bitcoin
2. Litecoin
3. Peercoin
4. Namecoin
5. Megacoin
6. Quarkcoin
7. Protoshares
8. Worldcoin
9. Primecoin
10. Feathercoin

1. Nxt
2. Novacoin
3. Freicoin
4. Anoncoin
5. Terracoin
6. CryptogenicBullion
7. Infinitecoin
8. Zetacoin
9. BBQCoin 20.Stablecoin

Jason Simeon Genge
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Differentation
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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
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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
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Namecoin - NMC

• Use cases
• Timestamping
• Bonds, shares
• Voting / Web of Trust
• Market cap - 62 million

• 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

Jason Simeon Genge
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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

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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

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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 its impossible
  to track.
• Silk Roads in-built tumbler successfully foiled
  the FBI, allegedly.

Jason Simeon Genge
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