1. What kind of currency is sfch? There is no such currency as sfch. Now there is a currency like sfc on the market.
Solarflarecoin, also called SFC coin, is a proof-of-work cryptocurrency based on the Scrypt hashing algorithm. It has an 18% advance as a development fund.
The total issuance of Solarflarecoin (SFC currency) is 14,083,450 SFC. It is currently listed on 2 trading platforms: C Network-Cryptopia and CoinExchange.
2. Mainstream Cryptocurrencies 1. BitCoin The founder of Bitcoin cryptocurrency/virtual currency, Mr. Satoshi Nakamoto, whose identity is still unknown, published the Bitcoin white paper in November 2008. Bitcoin and later in January 2009
Officially launched in March, it has become the world’s first and most successful cryptocurrency.
The upper limit is 21 million. All Bitcoins will be mined in 2140, and no new Bitcoins will appear after that.
Many other cryptocurrencies are forked from the Bitcoin blockchain, such as LiteCoin and BitCoin Cash.
2. Ether Ethereum was proposed by Vitalik Buterin in 2013 and is currently the second-largest cryptocurrency by market value.
Vitalik wants to build a platform based on a decentralized blockchain to run Smart Contracts. This platform is called Ethereum.
Ether is a media that pays fees when running programs on the Ethereum platform. It is very different from BitCoin's positioning of becoming a currency for daily use. Several other major differences include: the circulation of Ether is unlimited, and Ether uses
PoS (Proof-of-Stake), while BitCoin uses PoW (Proof-of-Work).
3. LiteCoin Litecoin was forked from BitCoin’s Blockchain by former Google employee Charlie Lee in July 2011. It is different from BitCoin in only two points: 1. BitCoin generates the next block every 10 minutes, while LiteCoin only takes 2.5 minutes. 2.
BitCoin uses SHA256 as the Hash function, and LiteCoin uses Scrypt (a Memory hard function). The purpose is to allow ordinary people to use home computers to participate in mining and make profits, breaking the current monopoly of BitCoin by ASIC/FPGA.
4. Monero Monero is a cryptocurrency created entirely for privacy, pushing the anonymity of Bitcoin to the extreme. Even the transaction amount and destination address are not disclosed to the Internet.
There is no upper limit in theory. In fact, after the 18.3 millionth Monero was mined, there were only 0.3 new Moneros per minute.
In 2017, the WannaCry virus attacked Windows users on a large scale, locking all computer files and extorting users' BitCoin. Later, an investigation found that the hackers later exchanged the BitCoin for Monero, and thereafter the money could not be followed.
5. Tether (USDT) Tether is different from all other cryptocurrencies. The value of USDT is linked to the US dollar. 1USDT should be exactly equal to 1USD, although in reality there is often a gap of several percent.
Only Kraken exchange can convert USDT into USD. According to the Tether white paper, every USDT is backed by a USD, and this large amount of US cash is deposited in a Hong Kong company, Tether Limited. There are several advantages to using USDT instead of USD: Savings
Handling fees for remittances to major cryptocurrency exchanges; saving time on deposits into exchanges, etc.
6. DogeCoin Dogecoin was originally a cryptocurrency created just for fun. It uses Scrypt like Litecoin, but there is no upper limit on the quantity.
The main use of Dogecoin is charity fundraising. For example, during the 2014 Winter Olympics, a Jamaican bobsleigh team qualified for the Winter Olympics but had no funds to compete. The Dogecoin community represented the team.
US$50,000 was raised to sponsor them to compete in Sochi, Russia.