Ethereum launched in July 2015 and allows for turing-complete programming and decentralized applications to run on its blockchain. It had an ICO in August 2014 that raised 18 million BTC. Ethereum Classic was created in July 2016 as a hard fork from Ethereum to maintain the original blockchain without changes after a theft. Zcash launched in October 2016 and uses zero-knowledge proofs to provide privacy and anonymity for transactions on its blockchain, with no ICO and a limited initial supply.
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1. ETH
Ethereum - “Build unstoppable applications”
“Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as
programmed without any possibility of downtime, censorship, fraud or third party interference.”
Market cap: $825,710,495
August 2014: ICO (18Million in BTC)
July 2015: Launch
? Turing-complete programming
on the blockchain
? Proof-of-work mining like bitcoin
? Announced: p2p messaging, p2p
file storage, proof-of-stake
Development lead by non-profit
ICO-funded “Ethereum
Foundation”
“difficulty bomb” (July 2017)
jelle@gerbrandy.com–2016/11/21–bitcoinmeetuptorino
2. ETC
“Ethereum Classic”
Hard Fork of Ethereum on July 24
2016
(ETC is the part of the network that did
not fork)
Market cap: $ 73,639,889
Value: about 15% of ETH (wrt
price, market cap, hashrate)
“Ethereum Classic is a project to keep the original censorship-resistant Ethereum going”
jelle@gerbrandy.com–2016/11/21–bitcoinmeetuptorino
3. ZCASH (ZEC)
“all coins are created equal”
“Zcash is the first open, permissionless financial system employing zero-knowledge security.”
● extension of bitcoin protocol
● “Zero-knowledge proof” means
(provable) anonymity, real
fungibility
● Launched on October 28, 2016
● No ICO (only 63,684 ZEC exist
today)
● Team: very well funded, lots of
academia
Market cap: $3,606,247
jelle@gerbrandy.com–2016/11/21–bitcoinmeetuptorino