Bitcoin is the first ever cryptocurrency invented in 2009 that followed blockchain and cryptography technique. All the other coins followed the base set by Bitcoin. Bitcoin is an experimental, decentralized digital currency that enables instant payments to anyone, anywhere in the world. Now it has become more worthy than an ounce of gold.

 SHA-256d enabled.

 Block time of Bitcoin is 600 seconds and reward, coins per block: 50.

 The total number of coins limited is 21000000.

 Using Proof of Work, Halfing reward cycle, blocks: 210240; Difficulty cycle, blocks: 2016; Txs Confirm: 6; Coin maturity confirm, blocks: 120.

 Bitcoin makes mobile payments easier and offers you to work or transact from anywhere in the world.

 Provides full security and control over money as well as lower fees.


Ripple is a fundamental infrastructure that improves the payment process. It was launched in 2011. It is a neutral Internet-based protocol for communicating banks and payment systems. Banks can use it as a general ledger to clear and settle transactions in real-time at the lowest-possible cost.

 Total number of coins limited is 100000000000

 It follows pathfinding algorithm.

 Consensus confirms transactions in an atomic fashion.

3. NXT Technology

NXT was launched in 2013. It is a radically enhanced cryptocurrency built from scratch, to deliver an exclusive and decentralized financial platform. It revealed new ways to use digital cash as well as share transfers. it also points out some drawbacks of other cryptocurrencies and offers improvements through its features.

 The total number of coins limited is 1000000000.

 Prefers Proof of Proof-of-Stake (PoS)

 Fully reliable and protected services.

 Offers asset exchange, data storage, multi-signature and phased transactions facilities.

 Nxt enables alias system, voting system as well as a monetary system.


It is a decentralized software platform that allows Smart Contracts and Distributed Applications (ĐApps) to be created and work without any fail, hoax, limitation or interruption coming from a third party. The mining process of Ethereum completely depends upon Geth. It is a program that connects with Ethereum network and works as a switch between the server’s hardware and remaining Ethereum Network servers so if a block is being mined by another server, Geth will take it and transfer the information to your CPU/GPU mining.

 Using Ethereum, complex applications involving digital assets, are directly controlled by a piece of code implementing arbitrary rules (“smart contracts”).

 It enables blockchain-based “decentralized autonomous organizations” (DAOs).

 Uses GHOST block trees instead of a traditional blockchain for PoW data propagation.

 Uses Patricia trees in block data structures.

 In Ethereum, transactions that contain loop-enabled programmable instructions for the creation of novel derivatives and functions within the block tree, are called as deemed contracts.

5. Rilcoin

Rilcoin is a cutting-edge crypto technology-based, fully decentralized crypto-currency, which actually has all the benefits of fiat currency as well the freedom and anonymity of a crypto-currency. Rilcoin is a part of an Asset Management System (AMS).

Using Rilcoin, Investors can buy or sell assets through the asset management system (AMS), which facilitates ownership of a single asset to be owned by several investors at the same time. The world is changing and technology works as a catalyst in this process. All most all business segments are getting modified as a result. The way businesses operate today will not happen in the near future. To name a few, Agriculture, Energy, Technology (IoT), Manufacturing & Logistics, Real Estate and much more will evolve with time. Our vision is to take this opportunity and create a platform to distribute it across the globe. The assets all over the world can be owned by the people without any social or geographical barriers and design a payment system so flawless and robust to support the infrastructure based upon block-chain technology.

With Rilcoin, a revolutionary improvement in blockchain technology and cryptography now enables common people to use their smartphones, smart TVs, Smart IoT devices for becoming a part of the new type of blockchain a.k.a Tron-chain.

Latest bitcoin rilcoin cryptocurrency blog & analysis | Rilcoin Blog

Specifications of Cryptocurrency Technology


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