Explaining Cryptocurrencies

This week we talk about cryptocurrencies such as Siacoin, Bytecoin, Factom, and Zilliga.

Siacoin:

Siacoin is a decentralized storage platform aimed at providing reliable, private storage for a fraction of the cost you would pay at major cloud hosting providers. Storage providers can sell their free hard drive space on Siacoin’s marketplace, and shoppers can look for the best available deal. Once a price is agreed upon, the storage provider and shopper enter into a contract to determine the level of uptime and reliability guarantee, for a predetermined amount of time. The storage provider most stake a large amount of Siacoin as collateral, to prove they will take this contract seriously.

Zilliga:

Zilliqa is a payment processing and decentralized application (DApp) platform using blockchain technology. What makes Zilliqa different from all the others in this space is that they have implemented a technology called sharding (think of broken glass shards as pieces of a whole pane). Sharding technology is the latest major solution for scaling blockchain services, and is under consideration to be adopted by Ethereum, but Zilliqa already has it.

Bytecoin: 

Factom is a data integrity protocol that first launched in 2015. With the power of distributed ledger technology, Factom aimed at helping enterprises integrate documents and resources into immutable data.

Factom:

Factom is a data integrity protocol that first launched in 2015. With the power of distributed ledger technology, Factom aimed at helping enterprises integrate documents and resources into immutable data.

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