Comment: Re:Feathercoin - Bitcoin Alternative (Score 2) 300
There are a number of "alt coins" which appear legitimate, and are used by a wider community. This thread on the Bitcoin forums has a good overview, it also includes the less popular and dead crypto currencies: https://bitcointalk.org/index.php?topic=134179.0
I like the idea of PPcoin very much, being an ecologic alternative to Bitcoin. They still have mining, like Bitcoin and all other alts, and this will consume as much electricity. But when all coins are mined, the power needs will drop significantly. The creators devised a very clever way to record transactions in the block chain without the need to do all the calculations which are done when mining. Website, including the white paper with a detailed explanation: http://www.ppcoin.org/
Probably the oldest alt coin still in use today is Namecoin. It integrates a naming system in the block chain, effectively creating a decentralized alternative to DNS.
The most popular alt coin is Litecoin. By some it's called the silver to Bitcoin gold, as it provides faster transactions and more coins generated.