1. Crypto Coins

Key Differences between Cryptocurrencies

The main difference between crytocurrencies is how they are produced. In general, a distinction is made between Proof-of-work (PoW) and Proof-of Stake (PoS). Proof-of-Work is based on crypto coin production by Miners. A prominent example of this is Bitcoin. Proof-of-Stake crypto coins are generated by delegators.

Within Proof-of-Stake, a differentiation is made between Delegated Proof of Stake (DPoS) and Liquid Proof of Stake (LPoS). LPoS is the latest development hereby. One crypto coin using DPoS is Tron. Tezos is using the newest LPoS so-called consensus mechanism.