Submitted by David Rozas on Tue, 05/05/2015 - 21:15
All current cryptocurrencies require you to buy the coins, either through mining or through exchanges. This gives the advantage to those who already have capital and mining equipment, and can afford risky investments. FairCoin is the first project where the coins are not bought but rather distributed equally between everyone who wants them regardless of their current financial status, and promotes equality.
FairCoin is a crypto currency like Bitcoin.
Ethereum is a next-generation distributed cryptographic ledger that is designed to allow users to encode advanced transaction types, and decentralized applications into the blockchain. As opposed to Bitcoin and other derivative crypto-currencies, Ethereum features an internal Turing-complete scripting language, which a programmer can use to construct any smart contract or transaction type that can be mathematically defined.
Bitcoin is a peer-to-peer payment system and digital currency introduced as open source software in 2009 by pseudonymous developer Satoshi Nakamoto. It is a cryptocurrency, so-called because it uses cryptography to control the creation and transfer of money