What is a cryptocurrency network?

What is a cryptocurrency network?

Each cryptocurrency has its own payment network, within which the cryptocurrency can either be mined, meaning the creation of new units of the currency, or used for payments, i.e., transferring the currency from one address, created for this purpose, to another...
NEO

NEO

The cryptocurrency NEO is often nicknamed the “Chinese Ethereum.” Like Ethereum, NEO is also a fully decentralized network with open-source code. NEO is a cryptocurrency and application platform based on blockchain technology, which enables the operation...
Ripple (XRP)

Ripple (XRP)

Ripple refers to the digital currency (XRP) and the global payment network in which this currency is used. The Ripple network was created in 2012 with the goal of freeing internet payments from exchange fees, transaction processing costs, and significant delays...
Litecoin (LTC)

Litecoin (LTC)

Litecoin is an alternative digital currency and a decentralized P2P payment network that is based on Bitcoin technology. To achieve decentralized consensus about its state, Litecoin uses proof-of-work with the memory-intensive hashing function scrypt. The abbreviation...