MERIT FEATURE COMPARISON

Merit has a razor-sharp focus on usability and making digital currency approachable to all users, whether they are technical or not. Even on day one, Merit has a considerable number of innovative features that few, if any, other digital currencies possess.

Feature

Bitcoin

Ethereum

Merit

Ripple

Litecoin

Iota

Basic Transactions

Basic digital currency transactions, allowing to securely send to an address.

Send to Anyone

The ability to send money to users who are not yet in the network, storing their money on the blockchain such that they can redeem it later.

Send via Email, SMS, WhatsApp, Telegram, etc.

The ability to send a URL with money in it via any written form of digital communication.

Mineable without a Computer

Ability to earn mining rewards without having a personal computer or specialized/advancing mining hardware.

Invite-Only

Promotes a healthy community by requiring each new user be invited and screened by an existing user.

Alias System

Sendable via an alias such as @Meritlover for convenience.

Indestructible

A fail-safe mechanism to ensure that Money can never be sent to an unrecoverable address.

Cancellable Transactions

The ability for the sender of a transaction to cancel it after it has been sent, but before it has been accepted.

Growth Mining

Rewarding those who grow the community through a mining reward.

Decentralized Vaults

A blockchain-based vault that enables users to protect their assets through whitlelists, rate-limits, and additional forms of authentication.

No ICO, Presale or Venture funding

Instead of selling the token before the system works in production, built a working system that grows organically.

Security Mining

Rewarding those who secure the network through a mining reward.

Proof-of-Growth

Mining nodes achieve consensus in each block by agreeing on a fixed number of ambassadors that have grown the network with active users.

N/A

N/A

N/A

N/A

N/A

Proof-of-Work

Mining nodes achieve consensus each block by agreeing on the winner of a difficult computational excercise that any one node has a low probability of solving.

Memory-Bound Proofs

Proofs that use an algorithm that is memory-bound, thereby reducing power consumption and heat dissapation.

N/A

N/A

Decentralized Account Recovery

The ability to rely on multiple peers to recover a Vault in the case of a lost or stolen private key.

In progress.

Smart Contracts

The ability to store 'state' on the blockchain, empowering the creation of destributed applications or intelligent contracts.

Limited; based on OP Codes.

In progress.

TRANSACTION CONFIRMATION TIME

TRANSACTION CONFIRMATION TIME

Merit is fast. Blocks are issued every minute, which means fast confirmations and the ability to engage in multiple transactions in quick succession. This creates a robust foundation for the easy sharing and growth mining that Merit enables.

Ripple

1 min

Merit

2 min

Ethereum

3 min

Litecoin

5 min

Bitcoin

60 min

MAXIMUM TRANSACTION THROUGHPUT

Merit manages to add a lot of usability and innovation to the protocol without sacrificing throughput.

Core to creating a digital currency that is more convenient than classic banking solutions is ensuring that users are not stuck waiting hours for transactions to flow through the system. Merit, on day one, has a maximum throughput that is 50 times greater than Bitcoin's. This is particularly exciting when one takes into account how many additional features Merit possesses. Further, Merit's roadmap has a lot of potential to improve speed and throughput.

READY TO USE MERIT?

Start sending Merit from your computer or mobile device!

X

(Fastest to get started. Can sync to a downloaded app later.)

- or -

Download one of our desktop wallets

(Takes longer to set up; enables mining.)