What is the difference between decentralized, federated and centralized digital currencies and what are the top examples of all three? Thanks!

2/11/2016 5:21:44 PM,
Christian Duffus replied:

Addressing your questions specifically:

  1. Decentralized digital currency = Bitcoin:  http://bit.ly/1PovAAT
  2. Federated digital currency = Ripple: http://bit.ly/1O4TzRx
  3. Centralized digital currency eCurrency Mint = http://bit.ly/1o2vKo9

My assessment is that while all have their applications (other than currency), I see the centralized model winning out -- similar anonymity benefits as Bitcoin -- as currencies are the domain of sovereign nations that will fight at all costs to prevent any disruption to that. Thanks for asking.

2/11/2016 5:21:44 PM,
Christian Duffus replied:

Addressing your questions specifically:

  1. Decentralized digital currency = Bitcoin:  http://bit.ly/1PovAAT
  2. Federated digital currency = Ripple: http://bit.ly/1O4TzRx
  3. Centralized digital currency eCurrency Mint = http://bit.ly/1o2vKo9

My assessment is that while all have their applications (other than currency), I see the centralized model winning out -- similar anonymity benefits as Bitcoin -- as currencies are the domain of sovereign nations that will fight at all costs to prevent any disruption to that. Thanks for asking.