Hi everyone and welcome to my blog! My aspirations for this site are to be the plain language Wikipedia for cryptocurrencies. In other words, the site will provide a brief explanation and a fair and objective analysis of the wide variety of cryptocurrencies out there. Each post will be about a different cryptocurrency and includes a short introduction, and an explanation of the pros and cons of the coin.
For those of you who don’t care to know about all of the details, feel free to stop there and this may give you a rough idea of the purpose of each coin and its advantages and disadvantages. If on the other hand, you want more information, I’m including a detailed analysis below the pros and cons that describes the validation method, the technical features of the cryptocurrency, its use cases, and much more.
Any and all comments are welcome and I hope this will become a platform for comparing and contrasting the roughly 1500 cryptocurrencies currently in existence. Thanks and please let me know if you have any questions or comments.
INTRODUCTION PART 2
While cryptocurrency and the underlying blockchain technology is an exciting field with vast potential, most message boards and fan sites seem to praise each altcoin and project massive growth without providing a detailed technical or long-term analysis of the coin’s prospects. The goal of this site is to provide explanations of the problems each coin solves, its improvements over existing technologies, and how each coin effectively uses decentralization to further its purpose. This site is meant to provide an objective, detailed analysis of each cryptocurrency, and be an open forum to scrutinize and point out the advantages as well as the disadvantages of several coins.
Cryptocurrencies may be reviewed based on several categories, including: the underlying problem that the coin seeks to solve, the quality of the leadership, how far along the project is in development, the number of users participating in the network, whether the coin uses proof of work, proof of stake, or an alternative validation system, the extent to which the coin is decentralized, etc. Hopefully, readers will walk away from this site with a better understanding of how each altcoin fits into the cryptocurrency field and can get involved in the coins they like most.