Official

Update: New Currency Profiles for Ethereum, NEM, and Dash

Smith + Crown is in the process of improving our currency profiles. Currency profiles will be a first-stop, comprehensive resource for the most important information about top blockchain projects. Each profile will include a summary, an overview of the asset’s unique features and history, as well as an easy-to-read list of vital technical specifications.

Currency profiles can be found in two ways:

First, from the Smith + Crown Markets page, click on the name of any asset to view detailed market information. At the bottom of the drop down window, click on “View Currency Profile”. 

Second, from the home pagehover over “Research” on the top menu bar and click on “Currency Profile. You will be directed to an alphabetical list of available profiles. Click on the one you wish to view.

Ethereum

Ethereum was the first cryptocurrency which featured a Turing-complete programming language to execute smart contracts on a blockchain. It is one of the most ambitious ‘Bitcoin 2.0’ technologies. The ethereum team introduced several new technologies to blockchain tech that have made it one of the most successful projects out there. Most significantly, the programming language Solidity allows developers to write code for complex transactions that aren’t supported by the Bitcoin protocol. Ethereum also uses a custom hashing algorithm called Ethash that is ASIC resistant. Due in a large part to their smart contract technology, ethereum has become a popular platform to build Dapps, DAOs and launch meta-tokens.

New Economy Movement

NEM is a Java-based cryptocurrency announced in 2014 and launched in 2015. It introduced a new consensus mechanism called Proof of Importance (PoI), designed to reward users’ contribution to the NEM community. It is roughly based on proof-of-stake, but it also reflects how active a user is in transacting with other users. NEM also implemented a method of guarding against potentially colluding nodes. Finally, NEM uses a Supernode system that rewards high performing nodes that pass a variety of tests. The founders have also said that one of NEM’s goals is to address wealth inequality, a feature of both existing cryptocurrencies and the “old economy.” NEM is the New Economy Movement.

Dash

Dash is a Scrypt-based fork of LiteCoin. It was originally released as XCoin, then rebranded as Darkcoin before being rebranded again as Dash. Dash developers created several novel blockchain technologies, including a unique hashing algorithm that resists ASIC Mining. It is a privacy-centric cryptocurrency with native transaction mixing capabilities. Users can decide which transactions they want to make untraceable by sending them through the mixing protocol. All other transactions are pseudo anonymous, but still encrypted using the relative security of a blockchain hashing algorithm.  Dash also features a two-tier hierarchy of nodes that enables instant transaction confirmation.

Suggestions welcome

If there is any information missing that you’d like to see, or if you have any suggestions, please let us know.

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