As Litecoin is a P2P currency and actually use both crypto currencies same principle, except that Litecoin says some improvements in the operation of the mining protocol added. How it works Litecoin with faster block rate and the mining basically adjusted. In addition, the total amount of mining Lite Coins (LTC’s often called) with 84 million units four times as large as Bitcoin. Both also use many of the same currency marketplaces (exchanges).
Also Ripple builds on the success of Bitcoin and says like Litecoin faster transactions. In addition, the next trading the home currency (ripples) users also have the option to act in other virtual currency or even its own currency to start. The Ripple project is led by the company OpenCoin, whose founder was also the inventor of Mt. Gox, the most popular place to trade Bitcoins at the moment.
By anonymous persons established SolidCoin existed since August 21, 2011, but was immediately already in the early days to a big hack making the system became corrupt and the creators were forced service a month later to close. End of 2011 was version 2. 0 online. This new version is said that it can withstand a decline in mining, in which Bitcoin can provide a reduced level of security and thus susceptibility to hacking attacks.
The last well with similar Bitcoin crypto-currency that we want to mention is PPCoin, which stands for Peer-2-Peer Coin. Also PPCoin is claimed that a number of improvements to the original Bitcoin protocol have been implemented to a more manageable currency to be. The most striking difference is that PPCoin goes much further than previously mentioned alternatives in the money supply and the maximum amount of virtual coins (PPCs) is limited to 2 billion units, although this limit may not necessarily be maintained.
5. Facebook Likes
A very different way of virtual pay is the use of Facebook Likes to gain access to sites and services or discounts on such products. With a Like would you as a visitor to the ‘like’ object to appreciate and imagine your public information available to the company to ask the Like. You can buy Likes to get more attention for your (company) page on Facebook to generate, possibly even on Facebook itself. The social network gives more or less guarantee Likes when the company an amount in hard cash about. It is watch out, because scammers earn big money Likes and try a variety of ways to seduce thumb-up.
Flattr is inspired by the idea of Facebook Likes, but combines all in advance money to the value of a product or service. It works like this: Users register on the site and set a monthly budget that their Flattrs distributed will be. If you’re in that month eg 10 pages one Flattr and gives a total budget of EUR 10 is determined, making the service the owners of those 10 pages each 1 euro. In this way it hopes Flattr focus is to ensure that good voluntary initiatives on the internet in hard cash reward.
7. Linden dollar
Long before the appearance of Bitcoin was already another virtual currency Heaven registered. When the 3D virtual world of Second Life was launched in 2003, the makers figured that as residents also should be able to earn money and buy virtual goods or services. So an entire virtual economy rigged floating on Linden dollars. At the peak in December 2006, nine million U. S. dollars in the world. At this moment you can for 1 euro 287 Linden dollars (L $) buy.
8. Microsoft Points
Unlike a company like Apple, which users their apps and music just in euros or dollars late payment, late owners of Microsoft Xbox their games and other digital gadgets at one’s own Microsoft Points payment unit checkout. Microsoft Points to a Live account linked and are available on the Xbox itself, on the Xbox Microsoft site and as a prepaid card. The rate of the Microsoft Point has long been fixed. So you get 10 dollars or 10 euros 800 Points.
The currency Ven was developed in 2007 for social collaboration network Hub Culture and started more or less as a joke to enable users to have something to give as a token of appreciation. In 2008, the joke seriously and Ven was linked to the price of the U. S. dollar. Later that year Ven expanded and became the virtual currency outside the social network negotiable. The value of a Ven is now determined by a basket of different currencies, commodities and futures.
10. Air Miles
Air Miles, although not through an official marketplace negotiable, but are virtual and can be exchanged for real goods, such as airline tickets. As a consumer you Air Miles save the organization affiliated shops and businesses and organizations connected to the same exchange. Air Miles have been around since 1988 and inspired as Texaco stations (Rocks), BP (Freebees) and Total (PowerPoints) to develop similar programs. 1 Air Mile is approximately 1 cents worth, also is the currency for some years also managed via apps for iOS, Android and BlackBerry.