If you look at the top coins, Peer Coin, Ripple, Bitcoin, Nxt, Litecoin, its clear that most coins with a fundamental innovation on Bitcoin's security model have done very well.
- Bitcoin was the first and introduced Proof of Work
- Litecoin introduced a new hashing function Scrypt
- Ripple introduced a model of relational consensus, which is flawed but innovative. Has a new codebase
- Peer Coin introduced Proof of Stake
- Nxt introduced pure proof of stake. Has a new codebase.
Market Caps
- Bitcoin: 6,211,921,715 billion
- Litecoin: 305,225,627 million
- Ripple: 50,724,870
- Peercoin : 45,461,659 million
- Nxt: 37,706,153 million
qora has a fundamentally new consensus model that is a major advance by itself
- transactions in seconds
- low cost to run network
- having all your Qora in one address does not increase the chance of generating a block
- anything else?
qora when you have time can you explain please a bit more about the New Proof-of-Stake algorithm you created?
(this information was taken from a different post but i think it's relevant here also)
Very interesting concept