Los Angeles, CA -- (SBWIRE) -- 06/04/2019 -- Cryptocurrency is an electronic asset designed to work as an exchange medium that uses strong cryptography to verify the transfer of value. Cryptocurrencies use decentralized peer-to-peer nodes as opposed to central banking systems. The decentralization of each cryptocurrency works through a blockchain, that serves as a public financial transaction database. Bitcoin, first released as open-source code in 2009, is generally considered the first decentralized cryptocurrency.

Following are the specs of 5 cryptocurrencies, some decentralized and others not so much, that offer user's no transaction fees. No cost for a user to send or receive funds worldwide. So you ask, how can a network sustain itself without transaction fees? Block rewards. Cryptocurrencies compensate computers that confirm transactions on their network with a block reward. This block reward is paid every time a transaction is confirmed. The block reward amount is then added to the coin's circulating supply. Inflation of sorts, for cryptocurrencies.

Most cryptocurrencies have also added an additional payment layer to further compensate their miner's efforts for solving the high-level math equations that assure no double-spending occurs. This additional fee is paid by the user sending payment, known as a transaction fee. Inefficient hashing algorithms, resulting in very high difficulty, consume more computer resources to confirm every transaction. Networks with higher mining difficulty require more specialized computing power to solve the high-level math equations; confirm a transaction. The higher the mining difficulty, the more likely a transaction fee will be required for the network to survive.

EOS launched in 2017 and confirms transactions extremely fast. EOS confirms more than 1 transaction every second. EOS total market capitalization is currently $6 Billion USD (#5 ranking at Coinmarketcap). EOS is not mineable. Instead, EOS employs 21 centralized miners that confirm all network transactions. Not exactly decentralized. And all EOS users must buy RAM, which is like "gas" on the Ethereum network. Almost like pre-paid transaction fees instead of truly free.

IOTA launched in 2017 and confirms transactions every 1-2 minutes. IOTA has no transaction fees and a market capitalization of $1.15 Billion USD (#15 ranking at Coinmarketcap). IOTA is not mineable, very similar to EOS, with centralized "Coordinators" that confirm transactions. Instead of paying a miner or node to confirm your transaction, your device must confirm two previous IOTA transactions before your own IOTA transaction is validated, for free.

NEO launched in 2017 and confirms transactions every 15-25 seconds. NEO has a total market capitalization of $760 Million USD (#19 ranking at Coinmarketcap). NEO has partially done away with fees by dividing its tokens into two varieties: NEO and GAS. The NEO token is indivisible and is not intended to be used for payments; it is more like a "share" in the NEO platform than it is a cryptocurrency. Meanwhile, the GAS token is required to execute smart contracts on the NEO blockchain. Every execution costs 10 GAS.

NANO launched in 2015 and confirms transactions every few seconds. NANO has a total market capitalization of $227 Million USD (#40 ranking at Coinmarketcap). NANO cannot be mined and has reached its maximum supply. Because the protocol is incredibly lightweight and running a node costs next to nothing, NANO transactions are processed with no fees.

NYC launched in 2014 and confirms transactions every 30 seconds. NYC, which is the ticker for NewYorkCoin, has a total market capitalization of $2 Million USD (#740 ranking at Coinmarketcap). NYC is a scrypt coin which is easily mineable with a very low difficulty of 14,000. As a point of reference, Litecoin has a current mining difficulty of 10,000,000 and Dogecoin has a difficulty of 5,000,000. The NYC network is free.

The ultimate winners in the ongoing alt-coin wars will be fast, free and easily scalable. Why wait an hour or two for your funds when they can be available to you within minutes? And why pay a $3 fee, or even 10 cents, when the exact same service can be provided for free? These 5 cryptocurrencies deserve a closer look. Especially NYC with it's minuscule market cap compared to it's competition.

Media Contact
Charlie Kartchner, Crypto Writer
167 Mott St
New York, NY 10013
718-490-7554
https://newyorkcoin.net

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Los Angeles, CA -- (SBWIRE) -- 05/28/2019 -- Cryptocurrency is an electronic asset designed to work as an exchange medium that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of value. Cryptocurrencies use decentralized peer-to-peer nodes as opposed to central banking systems. The decentralization of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database. Bitcoin, first released as open-source code in 2009, is generally considered the first decentralized cryptocurrency.

Following are the specs of 5 cryptocurrencies, some decentralized and others not so much, that offer user's no transaction fees. No cost for a user to send or receive funds worldwide. So you ask, how can a network sustain itself without transaction fees? The answer being block rewards. Cryptocurrencies compensate computers that confirm transactions on their network with a block reward. This block reward is paid every time a transaction is confirmed. The block reward amount is then added to the coin's circulating supply. Inflation of sorts, for cryptocurrencies.

Most cryptocurrencies have also added an additional payment layer to further compensate their miner's efforts for solving the high-level math equations that assure no double-spending occurs. This additional fee is paid by the user sending payment, known as a transaction fee. Inefficient hashing algorithms, resulting in very high difficulty, consume more computer resources to confirm every transaction. Networks with higher mining difficulty require more specialized computing power to solve the high-level math equations; confirm a transaction. The higher the mining difficulty, the more likely a transaction fee will be required for the network to survive.

EOS launched in 2017 and confirms transactions extremely fast. EOS confirms more than 1 transaction every second. EOS total market capitalization is currently $6 Billion USD (#5 ranking at Coinmarketcap). EOS is not mineable. Instead, EOS employs 21 centralized miners that confirm all network transactions. Not exactly decentralized. And all EOS users must buy RAM, which is like "gas" on the Ethereum network. Almost like pre-paid transaction fees instead of truly free. More info https://eos.io/

IOTA launched in 2017 and confirms transactions every 1-2 minutes. IOTA has no transaction fees and a market capitalization of $1.15 Billion USD (#15 ranking at Coinmarketcap). IOTA is not mineable, very similar to EOS, with centralized "Coordinators" that confirm transactions. Instead of paying a miner or node to confirm your transaction, your device must confirm two previous IOTA transactions before your own IOTA transaction is validated, for free. More info https://www.iota.org/

NEO launched in 2017 and confirms transactions every 15-25 seconds. NEO has a total market capitalization of $760 Million USD (#19 ranking at Coinmarketcap). NEO has partially done away with fees by dividing its tokens into two varieties: NEO and GAS. The NEO token is indivisible and is not intended to be used for payments; it is more like a "share" in the NEO platform than it is a cryptocurrency. Meanwhile, the GAS token is required to execute smart contracts on the NEO blockchain. Every execution costs 10 GAS. More info https://neo.org/

NANO launched in 2015 and confirms transactions every few seconds. NANO has a total market capitalization of $227 Million USD (#40 ranking at Coinmarketcap). NANO cannot be mined and has reached its maximum supply. Because the protocol is incredibly lightweight and running a node costs next to nothing, NANO transactions are processed with no fees. More info https://nano.org/en

NYC launched in 2014 and confirms transactions every 30 seconds. NYC, which is the ticker for NewYorkCoin, has a total market capitalization of $2 Million USD (#740 ranking at Coinmarketcap). NYC is a scrypt coin which is easily mineable with a very low difficulty of 14,000. As a point of reference, Litecoin has a current mining difficulty of 10,000,000 and Dogecoin has a difficulty of 5,000,000. The NYC network is free. More info https://newyorkcoin.net/

The ultimate winners in the ongoing alt-coin wars will be fast, free and easily scalable. Why wait an hour or two for your funds when they can be available to you within minutes? And why pay a $3 fee, or even 10 cents, when the exact same service can be provided for free? These 5 cryptocurrencies deserve a closer look. Especially NYC with it's minuscule market cap compared to it's competition.

Charlie Kartchner, Crypto Writer
167 Mott St
New York, NY 10013
718-490-7554

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Los Angeles, CA -- (SBWIRE) -- 05/23/2019 -- Cryptocurrency is an electronic asset designed to work as an exchange medium that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of value. Cryptocurrencies use decentralized peer-to-peer nodes as opposed to central banking systems. The decentralization of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database. Bitcoin, first released as open-source code in 2009, is generally considered the first decentralized cryptocurrency.

Following are the specs of 5 cryptocurrencies, some decentralized and others not so much, that offer user's no transaction fees. No cost for a user to send or receive funds worldwide. So you ask, how can a network sustain itself without transaction fees? The answer being block rewards. Cryptocurrencies compensate computers that confirm transactions on their network with a block reward. This block reward is paid every time a transaction is confirmed. The block reward amount is then added to the coin's circulating supply. Inflation of sorts, for cryptocurrencies.

Most cryptocurrencies have also added an additional payment layer to further compensate their miner's efforts for solving the high-level math equations that assure no double-spending occurs. This additional fee is paid by the user sending payment, known as a transaction fee. Inefficient hashing algorithms, resulting in very high difficulty, consume more computer resources to confirm every transaction. Networks with higher mining difficulty require more specialized computing power to solve the high-level math equations; confirm a transaction. The higher the mining difficulty, the more likely a transaction fee will be required for the network to survive.

EOS launched in 2017 and confirms transactions extremely fast. EOS confirms more than 1 transaction every second. EOS total market capitalization is currently $6 Billion USD (#5 ranking at Coinmarketcap). EOS is not mineable. Instead, EOS employs 21 centralized miners that confirm all network transactions. Not exactly decentralized. And all EOS users must buy RAM, which is like "gas" on the Ethereum network. Almost like pre-paid transaction fees instead of truly free. More info https://eos.io/

IOTA launched in 2017 and confirms transactions every 1-2 minutes. IOTA has no transaction fees and a market capitalization of $1.15 Billion USD (#15 ranking at Coinmarketcap). IOTA is not mineable, very similar to EOS, with centralized "Coordinators" that confirm transactions. Instead of paying a miner or node to confirm your transaction, your device must confirm two previous IOTA transactions before your own IOTA transaction is validated, for free. More info https://www.iota.org/

NEO launched in 2017 and confirms transactions every 15-25 seconds. NEO has a total market capitalization of $760 Million USD (#19 ranking at Coinmarketcap). NEO has partially done away with fees by dividing its tokens into two varieties: NEO and GAS. The NEO token is indivisible and is not intended to be used for payments; it is more like a "share" in the NEO platform than it is a cryptocurrency. Meanwhile, the GAS token is required to execute smart contracts on the NEO blockchain. Every execution costs 10 GAS. More info https://neo.org/

NANO launched in 2015 and confirms transactions every few seconds. NANO has a total market capitalization of $227 Million USD (#40 ranking at Coinmarketcap). NANO cannot be mined and has reached its maximum supply. Because the protocol is incredibly lightweight and running a node costs next to nothing, NANO transactions are processed with no fees. More info https://nano.org/en

NYC launched in 2014 and confirms transactions every 30 seconds. NYC, which is the ticker for NewYorkCoin, has a total market capitalization of $2 Million USD (#740 ranking at Coinmarketcap). NYC is a scrypt coin which is easily mineable with a very low difficulty of 14,000. As a point of reference, Litecoin has a current mining difficulty of 10,000,000 and Dogecoin has a difficulty of 5,000,000. The NYC network is free. More info https://newyorkcoin.net/

The ultimate winners in the ongoing alt-coin wars will be fast, free and easily scalable. Why wait an hour or two for your funds when they can be available to you within minutes? And why pay a $3 fee, or even 10 cents, when the exact same service can be provided for free? These 5 cryptocurrencies deserve a closer look. Especially NYC with it's minuscule market cap compared to it's competition.

Charlie Kartchner, Crypto Writer
167 Mott St
New York, NY 10013
718-490-7554

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Los Angeles, CA -- (SBWIRE) -- 05/21/2019 -- By now you've most likely heard of Bitcoin. The decentralized internet currency that began it's open-ledger blockchain back in 2009. Steadily gaining worldwide popularity, especially among the anti-establishment crowd, and more recently winning over big banks and hedge-funds alike. Bitcoin's revolutionary technology eliminates the need for a central bank or government entity to act as a clearing house. Instead, individual peer-to-peer computers scattered around the globe compete to perform high-level mathematical equations that verify the most recent transaction, confirm no double-spending has occurred and add it to the existing blockchain.

Bitcoin users have mounted a few complaints about the new technology. First of all, Bitcoin is slow. Requiring 6 confirmations in order to be spendable takes the Bitcoin network at least 1 hour to fully confirm each transaction. Every bitcoin confirmation takes 10 minutes. During times of network congestion, this waiting time can increase substantially. Bitcoin users also pay the highest fees of any cryptocurrency to send (spend) their Bitcoin. Newer, faster, "lighter" cryptocurrencies such as Litecoin have significantly reduced transaction confirmation times and fees to send funds. Litecoin confirmations occur every 2 1/2 minutes versus 10 minutes for Bitcoin. And the fees to send payment have been drastically reduced on the Litecoin network. Litecoin's blockchain was launched in 2011, and has succeeded in significantly reducing both transaction time and fees compared to its older brother, Bitcoin.

In 2014, NYC's blockchain launched quietly by an unknown developer (just like Bitcoin) and further improves upon this revolutionary technology. NYC (NewYorkCoin) confirmations have been further reduced to every 30-seconds. Meaning a transaction is now fully confirmed and spendable in just a few minutes (6 confirmations X 30-seconds) instead of having to wait for over an hour when using the Bitcoin network. And the sweetest part is that the NYC network is completely fee free. It costs the user absolutely nothing to send funds worldwide on the NYC network. Block rewards (supply inflation) compensate the computer confirming transactions on the NYC network, just like Bitcoin and Litecoin, with no additional fees required from network users to send/receive funds worldwide. The NYC network is even "lighter" than Litecoin. Allowing NYC network transactions to be confirmed using less powerful computers, requiring far less energy (a more sustainable network) and doing it all at no cost to user. NYC is a lightning-fast, fee-free version of Bitcoin with a proven blockchain since 2014.

An active community has formed around NYC including a talented development team which has updated NYC code, nodes and wallets. And increased NYC network hashrate to over 1.5 Terahash by utilizing merged-mining which secures the network from potential 51% attacks. While most usable cryptocurrencies have already achieved market valuations in the Billions USD, the NYC network is still a relative unknown. NYC (NewYorkCoin), as of this writing, has a minuscule market capitalization of only a few million USD. This seems very low for an existing and proven network that delivers free worldwide money transfer. Which is exactly what the NYC network has been delivering since launching in early 2014.

About NYC
NYC is completely open-source code and it's ongoing development can be viewed by the general public at Github open source repository. Once institutional investors realize the benefits of NYC over Bitcoin and other more widely known cryptocurrencies, the intrinsic value of this amazing and proven network will be more accurately reflected in it's market capitalization. At this point in time, NYC can be equated to an undiscovered micro-cap stock. With more usable specs than it's large-cap blue chip predecessor's. NYC definitely has strong potential to exponentially increase in price. And due to its very tight circulating supply, this can happen very quickly. Keep a close eye on NewYorkCoin.

Media Contact
Charlie Kartchner, Crypto Writer
167 Mott St
New York, NY 10013
718-490-7554
https://bitcoin.org

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Los Angeles, CA -- (SBWIRE) -- 05/20/2019 -- By now you've most likely heard of Bitcoin. The decentralized internet currency that began it's open-ledger blockchain back in 2009. Steadily gaining worldwide popularity, especially among the anti-establishment crowd, and more recently winning over big banks and hedge-funds alike. Bitcoin's revolutionary technology eliminates the need for a central bank or government entity to act as a clearing house. Instead, individual peer-to-peer computers scattered around the globe compete to perform high-level mathematical equations that verify the most recent transaction, confirm no double-spending has occurred and add it to the existing blockchain.

Bitcoin users have mounted a few complaints about the new technology. First of all, Bitcoin is slow. Requiring 6 confirmations in order to be spendable takes the Bitcoin network at least 1 hour to fully confirm each transaction. Every bitcoin confirmation takes 10 minutes. During times of network congestion, this waiting time can increase substantially. Bitcoin users also pay the highest fees of any cryptocurrency to send (spend) their Bitcoin. Newer, faster, "lighter" cryptocurrencies such as Litecoin have significantly reduced transaction confirmation times and fees to send funds. Litecoin confirmations occur every 2 1/2 minutes versus 10 minutes for Bitcoin. And the fees to send payment have been drastically reduced on the Litecoin network. Litecoin's blockchain was launched in 2011, and has succeeded in significantly reducing both transaction time and fees compared to its older brother, Bitcoin.

In 2014, NYC's blockchain launched quietly by an unknown developer (just like Bitcoin) and further improves upon this revolutionary technology. NYC (NewYorkCoin) confirmations have been further reduced to every 30-seconds. Meaning a transaction is now fully confirmed and spendable in just a few minutes (6 confirmations X 30-seconds) instead of having to wait for over an hour when using the Bitcoin network. And the sweetest part is that the NYC network is completely fee free. It costs the user absolutely nothing to send funds worldwide on the NYC network. Block rewards (supply inflation) compensate the computer confirming transactions on the NYC network, just like Bitcoin and Litecoin, with no additional fees required from network users to send/receive funds worldwide. The NYC network is even "lighter" than Litecoin. Allowing NYC network transactions to be confirmed using less powerful computers, requiring far less energy (a more sustainable network) and doing it all at no cost to user. NYC is a lightning-fast, fee-free version of Bitcoin with a proven blockchain since 2014.

An active community has formed around NYC including a talented development team which has updated NYC code, nodes and wallets. And increased NYC network hashrate to over 1.5 Terahash by utilizing merged-mining which secures the network from potential 51% attacks. While most usable cryptocurrencies have already achieved market valuations in the Billions USD, the NYC network is still a relative unknown. NYC (NewYorkCoin), as of this writing, has a minuscule market capitalization of only a few million USD. This seems very low for an existing and proven network that delivers free worldwide money transfer. Which is exactly what the NYC network has been delivering since launching in early 2014.

About NYC
NYC is completely open-source code and it's ongoing development can be viewed by the general public at Github open source repository. Once institutional investors realize the benefits of NYC over Bitcoin and other more widely known cryptocurrencies, the intrinsic value of this amazing and proven network will be more accurately reflected in it's market capitalization. At this point in time, NYC can be equated to an undiscovered micro-cap stock. With more usable specs than it's large-cap blue chip predecessor's. NYC definitely has strong potential to exponentially increase in price. And due to its very tight circulating supply, this can happen very quickly. Keep a close eye on NewYorkCoin.

Media Contact
Charlie Kartchner, Crypto Writer
167 Mott St
New York, NY 10013
718-490-7554
https://bitcoin.org

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm