Altcoins Roundup or New Coins You Should Look at
by Keith Andre | Oct 30, 2014 | Crypto News
Although support for Bitcoin is probably higher now than it has ever been, many enthusiasts and investors alike are all too aware of its potential problem in sustainability. As anyone who has personally attempted to mine knows, it is extremely energy-consuming and, at this point, almost impossible to produce enough to pay for the energy costs and still make a profit without a decent-sized mining farm. In addition to its sustainability issue, the Bitcoin wallet is a bit lacking in features that many newer altcoins have integrated.
Many new coins have a messenger and block chain viewing features built right into the wallets, and some have even more unique features, like Craigscoin with its built-in classifieds system or Namecoin with its web domain application. Let’s take a closer look at some of the coins that have recently been added to the market.
Munne has a very nice-looking wallet with several features. These include a blockchain explorer, exchange data, along with the ability to buy and sell the coin directly from the wallet, and a news tab that can pull data from several cryptocurrency news sites. Munne uses the X13 algorithm and is a proof-of-stake coin with a 3% annual interest rate, and there is to be a total of 10 million coins. Their announcement page also describes the Munne University which will offer courses and lessons to teach people about Munne, as well as other currencies and the technology behind cryptocurrencies in general.
HTML5 is another new coin, which currently has a relatively simple, yet eloquent wallet. HTML5 uses the X11 algorithm and has a 1-2.8% dynamic proof-of-stake interest rate. The total number of coins available will be 16 million. HTML5 expresses that it is “an ideal solution for real world business use” and “will always act in accordance with anti-money laundering laws.” The coin has a unique I/O name server (IONS) feature that allows you to create a unique username to receive coins.
Another coin, Utilitycoin, looks promising and seems to a have a very strong development team with some serious goals in mind. It is a part of the Blocknet project, which is still in its very early stages, but is supposed to allow integrated coins to render services to one another. Utilitycoin’s development team is also working on a UtilityOS, based on Linux, and UTILnet, an HTTP wallet proxy/VPN with P2P connections. The team has noted that they want their coin to have real world uses, unlike so many other recently developed altcoins.
For fans of gambling and casino games there comes Breakout Coin, a digital currency built specifically for the Breakout Gaming Platform. It features a digital poker room, online casino, and even a fantasy sports section where users can play against each other in their hopes of winning big. While the Breakout gaming page is not up for playing yet, the preview looks very good indeed, and the coin can be bought in advance at their website. The coin uses the new proof of Bergstake concept to prevent some issues that are possible with traditional proof-of-stake coins, such as double mining. Breakout will generate over 200 million total coins, and now it utilizes a nice long two-year proof-of-work phase which will yield 7 million coins.
Spreadcoin aims to improve the decentralization of cryptocurrencies by forcing miners to solo mine directly from the wallet via CPU. While pooled mining is not allowed, it will be unlikely almost certainly to concentrate all the mining power within a few major mining corporations. Moreover, it helps to ensure that 51% attacks and double spending attempts are nearly impossible, making the coin a potentially safer one to produce. Spreadcoin uses the X11 algorithm and offers a 20 million coins total.
So, if you are a cryptocurrency investor or simply an enthusiast for the technology and want to see some new developments in the crypto world, consider taking a look at any of these new coins’ wallets or websites today. You can also check out the Breakout Coin’s website to see a preview of their gaming platform and buy coins in advance. Of course, you might consider mining some of them instead: better now than later – when the difficulty and price have risen.
Are you interested? What other altcoins do you find promising? Share your experiences with us in the comments!
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