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==How it works==
==How it works==
===[[proof-of-work|Proof-of-Work]]===
===[[proof-of-work|Proof-of-Work]]===
In this system, an individual runs a "miner" program which works through complex calculations to eventually generate a large block of seeming gibberish--this block is an alt-coin. This block is saved to the user's "wallet," that is, a place of storage for this cryptocurrency. When the user is ready to spend this currency, it is sent to another user's wallet (using a [[wallet address]]) through a [[peer-to-peer]] system.<br />
In this system, an individual runs a "miner" program which works through complex calculations to eventually generate a large block of seeming gibberish--this block is an alt-coin. This block is saved to the user's "wallet," that is, a place of storage for this cryptocurrency. When the user is ready to spend this currency, it is sent to another user's wallet (using a [[wallet address]]) through a [[peer-to-peer]] system.<ref>https://www.cryptocoinsnews.com/bitcoins-future-proof-of-stake-vs-proof-of-work</ref><ref>https://bitcoinmagazine.com/articles/what-proof-of-stake-is-and-why-it-matters-1377531463</ref><br />
===[[proof-of-stake|Proof-of-Stake]]===
===[[proof-of-stake|Proof-of-Stake]]===
In this system, an individual buys some of this cryptocurrency which has been originally generated. The user then "stakes" some or all of this as an investment. <ref>http://blackcoin.co</ref> As time passes, the individual receives a small amount of interest from the system. [[Blackcoin]] is perhaps the best known [[proof-of-stake]] cryptocurrency. Staking [[Blackcoin]] earns about 1% per year.
In this system, an individual buys some of this cryptocurrency which has been originally generated. The user then "stakes" some or all of this as an investment. <ref>http://blackcoin.co</ref> As time passes, the individual receives a small amount of interest from the system. [[Blackcoin]] is perhaps the best known [[proof-of-stake]] cryptocurrency. Staking [[Blackcoin]] earns about 1% per year.<ref>https://bitcoinmagazine.com/articles/what-proof-of-stake-is-and-why-it-matters-1377531463</ref>
==Cryptocurrencies==
==Cryptocurrencies==
* Opal
* Opal
* [[DigiByte]]
* [[DigiByte]]
* [[Moin]]
* [[Moin]] <ref>https://www.cryptospout.com</ref>
* [[MintChip]]
* [[OpenCoin]] <ref>http://mashable.com/2013/07/08/bitcoin-alternatives/#LIUqa0O6dEq5</ref>
* [[CureCoin]] (awarded for folding proteins for medical research)<ref>https://www.curecoin.net</ref>
...and probably more!
...and probably more!
==References==
{{reflist|2}}