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Learning Bitcoin by Richard Caetano

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Chapter 8. Exploring Alternative Coins

 

"Cryptology represents the future of privacy [and] by implication [it] also represents the future of money, and the future of banking and finance."

 
 --Orlin Grabbe, Economist, Prolific Writer

Bitcoin's success has led to the experimentation and adaptation of its underlying protocols and mechanisms. Since its release, there have been over five hundred alternative coins launched. Each coin assumes the liberty to borrow from and modify Bitcoin to implement its own variations on the original design.

In this chapter, we'll look at four innovative alternate coins (Litecoin, Namecoin, Peercoin, and Primecoin) to see how they have leveraged the blockchain technology to implement various concepts and systems in a decentralized ...

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