Blockchain and cryptocurrency Bitcoin.

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The vast majority of the population associates Blockchain with cryptocurrency Bitcoin; however, there are many other uses of blockchain; such as Litecoin, Ether, and other currencies. In this discussion, please describe at least two cryptocurrencies with applicable examples. Discuss some similarities and differences. Lastly, discuss if you have any experience using any cryptocurrencies.
A substantive post will do at least TWO of the following:
Ask an interesting, thoughtful question pertaining to the topic
Answer a question (in detail) posted by another student or the instructor
Provide extensive additional information on the topic
Explain, define, or analyze the topic in detail
Share an applicable personal experience
Provide an outside source () that applies to the topic, along with additional information about the topic or the source (please cite properly in APA)
Make an argument concerning the topic.
At least one scholarly source should be used in the initial discussion thread. Use proper citations and references in your post.
Also provide pros and cons in a different paragraph

Sample Solution

xus portal to establish a communication network. ICON’s intent is to have the respective blockchains to be independently govern. The ICON system would be used when collaboration across blockchains is needed. This would allow of intermediaries to be cut out of the exchange or collaboration process creating a more interconnected world.

Ethereum Classic

Ethereum and Ethereum Classic used to be the same blockchain platform. In June 2016, after a hacker stole close to $50 million dollars from their funding, the organizations split between Ethereum and Ethereum Classic. Both ETC and ETH run on the same protocol and have similar functions, but they have some specific differences. Ethereum Classic maintained the same blockchain and values of Ethereum before the hacking occurred, while Ethereum built a brand new blockchain, bringing most of users and miners with them. Ethereum Classic is a more conservative version of Ethereum that facilitates running smart contracts by offering the benefit of decentralized governance.

Verge

Verge is a cryptocurrency that focuses on privacy and untraceability. It is an entirely open source project that is community led. For instance, no company or organization behind Verge, its creators used their usernames to preserve their anonymity. While Bitcoin was successful at creating a decentralized currency, they are also focused on transparency. Verge uses highly advanced blockchain technology to keep all of its transactions anonymous and untraceable.

Even though all transactions are anonymous, Verge has a public blockchain that allows users to see coin distribution, number os users and other statistics while keeping all transactional data anonymous. Verge also plans to be the first privacy-focused cryptocurrency with smart contracts functionability.

EXTRAS:

Digibyte

DigiByte is one of the oldest open-source blockchains, coming into existence in January 2014, f

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