Know What You Own: Understanding Cryptocurrency

Know What You Own

Established 2008
Satoshi Nakamoto - Developer
21 Million Token Cap
19,498,000 Circulating Supply
Proof of Work Consensus
Use Cases: Store of Value, Payments
Pros: First mover advantage, limited supply, name brand, decentralized.
Con: Slow to transact 7 transactions per second (TPS) high transaction costs, from $1.87 to $5 or more. Legacy technology. High electric consumption, 1200 KW for 1 transaction.
Know What you Own: Understanding Cryptocurrency

Established 2012
Jeb McCaleb, Arthur Britto, David Schwartz - Developers
100 Billion Token Cap
53,245,240,000 Circulating Supply
Federated Consensus Mechanism
Use Cases: international cross -border payments, real time payments, global remittance network. SWIFT competitor.
Pros: High TPS, 1500 per second or more, very low transaction fees, 0.00002 XRP. Decentralized nodes globally. Green: XRP (0.0079 kWh) per transaction
Cons: XXX
Know What you Own: Understanding Cryptocurrency

Established 2015
Vitalik Buterin: - Developer plus others
120,233,868 Token Cap
120,233,868 Circulating Supply
Proof of Stake Consensus
Use Cases: Token foundry, many tokens are built on Ethereum, called ERC-20 tokens, Smart Contracts.
Pros: Adopted by many developers, ability to swap to other ERC -20 tokens.
Cons: Gas fees vary by network volume, from .20 cents to several dollars, TPS varies, 27 per second per Google. .03 KW per.
Know What you Own: Understanding Cryptocurrency

Know What You Own