LiteCoin is a cipher currency that has been developed in the next BitCoin, LiteCoin While BitCoin is gold will be likened to a silver.
Because it is based on the program code of BitCoin, the basic system is the same, except that the algorithm at the time of mining (calculation method) is Scrypt instead of SHA-256(using BitCoin).
Since the transaction authentication time (about 2.5 minutes) is set to be lower than the BitCoin (about 10 minutes), it is a big feature of make a quick deal.
Ethereum is BlockChain APP Platform Not only cryptocurrency.
Refer from Ethereum Home Site
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.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.
This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract)
and many other things that have not been invented yet, all without a middle man or counterparty risk.
The project was bootstraped via an ether pre-sale during August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss nonprofit, with contributions from great minds across the globe.
Smart money, smart wallet
The Ethereum Wallet is a gateway to decentralized applications on the Ethereum blockchain. It allows you to hold and secure ether and other crypto-assets built on Ethereum, as well as write, deploy and use smart contracts.
What’s different of BitCoin and Ripple ?
Bitcoin is in kind of virtual coin themselves. Coin is in the hand, reaching the after remittance opponent. If the coin is in wallet to save the private key at hand in the form of a paper cormorant toilet, located on your original, nor anyone of those.
The person who owns the bit coin is, what above all, would prefer this kind feeling. In some countries, it is not also depends on the bank, BitCoin of as an absolute value. It is why can not help attract Block Chain
Ripple is quite different. There is no spot in the ripple. The ripple network, but it is possible to transfer the currency such as the USD and JPY, this time, do not you’re actually sending the USD and JPY. You can not transfer the cash in the ripple.
What is possible in the ripple, but only settlement and replacement of borrowing and lending. You can not transfer the Ripple. Just as if seem to remittance.
BitCoin Whereas a-kind, Ripple provides the settlement function and replacement of the loan.
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