Topic: Crypto Review - Cryptocurrency Analysis - page 4. (Read 21542 times)

Good point MarkM. I want this list to be a community effort, thanks for your input! I think I agree with you about Craftcoin.

I think Huntercoin is still innovative though because you can actually mine coins by playing the game. I don't have any other gaming coins on the list atm, but I'm sure there will be more in the near future.

EDIT: On that note, I am taking Fluttercoin off of the proposed list. Although the varied block values and therefore varying supply cap is somewhat different, I decided it's not really different enough to be deemed innovative. Other coins have tried variable block rewards before.

There is nothing about Craftcoin that makes it any more or less usable in games than, for example, bitcoin.

No innovations whatsoever in fact.

It is not even the first actually used in-game.

Bitcoin was in fact already for use in games as well as for many many other uses.

There is nothing innovative about using bitcoin in a game or using litecoin a game or whatever, regardless of whether you scratch out the word "bitcoin" or "litecoin" and write "someothername" in in crayon.

Otherwise you might as well also say it would be innovative for me to scratch out the name "Craftcoin" and put the name "Arsefuckcoin" in its place and call it a coin created for fucking you in the arse.

-MarkM-

I just added 4 coins to the OP, perhaps someone can help me add some of the others?? I'm done for a while.. 

Changelog:

Netcoin (MC2): Updated whitepaper to version 0.05, full time development starts next week.. stay tuned to the MC2 thread an update is coming soon!

Datacoin: Added to the list:

Datacoin
Datacoin was released on November 17, 2013.
Website: http://datacoin.info/
Thread: https://bitcointalksearch.org/topic/anndatacoin-datacoin-blockchain-start-announcement-minor-code-upd-logo-325735
Announcement thread: https://bitcointalksearch.org/topic/ann-dtc-promo-thread-information-is-money-datacoin-implements-these-words-358592
Web applications thread: https://bitcointalksearch.org/topic/anndatacoin-next-step-web-applications-inside-blockchain-demo-405992
Block Explorer: http://www.chainbrowser.com/

- Datacoin is a reliable, censorship-free currency that can be used for transactions and data storage within its sophisticated blockchain.
- Data is stored in the blockchain forever and can be retrieved using a transaction hash as an identifier. Datacoin is a platform that can be used by applications such as torrent trackers, encrypted messaging services, and can be used to store other kinds of small data - all censorship-free!
- Developers can store torrent files, certificates, and with future development, HTML pages and other kinds of meta-information in the Datacoin blockchain.
- You can install the wallet from the right-side menu. Windows users can use a GUI wallet, Linux users should compile datacoind or Datacoin-QT from source (see instructions). - Wallets are in development, and more features are coming soon, but the wallet's current functionality is similar to other coins.

Huntercoin: Added to the list:

Huntercoin
Huntercoin was released on February 1, 2014.
Website: http://huntercoin.org/
Post-release thread: https://bitcointalksearch.org/topic/annhuc-huntercoin-worlds-first-decentralized-gameworld-on-the-blockchain-435170
Pre-release thread: https://bitcointalksearch.org/topic/annhuc-huntercoin-human-mine-able-crypto-currency-gameworld-300538
Twitter: https://twitter.com/ChronoKings
Words to live by: WARNING > DO NOT STAY IN THE SPAWN AREA FOR 30 BLOCKS or YOU WILL DIE.  

- First human-mineable cryptocoin
- 1 minute transaction times
- Human Mine-able – Mine with your mind.
- Machine Mine-able – Dual Algo – SHA256 (like Bitcoin) and Scrypt (like Litecoin)
- Merge Mineable – With Bitcoin (and other SHA256 Coins) and Litecoin (and other Scrypt Coins)
- P2P Decentralized Massively Multiplayer Online Cryptocurrency Game – MMOCG
- Based on Namecoin – The First Altcoin, and still the most innovative. Allowing things like decentralized DNS

Counterparty: Added to the list:

Counterparty
Counterparty was launched on January 2, 2014.
Website: http://counterparty.co/
FAQ: http://counterparty.co/faqs
Wiki: http://counterparty.co/wiki/main
Thread: https://bitcointalksearch.org/topic/annxcp-counterparty-pioneering-peer-to-peer-finance-official-thread-395761
Forums: http://forums.counterparty.co/

Counterparty is a distributed financial system built on top of the Bitcoin blockchain. Counterparty’s focus is on enabling the creation and use of financial instruments (such as company stock and other asset issuance, betting, derivatives/hedging, distributed asset exchange, and more) to occur on top of Bitcoin. As Counterparty transactions are encapsulated within valid Bitcoin transactions, they inherit the scalability and security of Bitcoin itself.

Why build your crypto-financial application on top of Counterparty?
- The core Counterparty features are available for use today, and are indeed in use.
- The Counterparty protocol and rules are defined and straightforward, which makes implementation quicker and less error prone.
- Counterparty’s launch utilized proof of burn, with no funding advantage given even to the core developers. It was arguably one of the fairest cryptocurrency launches to date.
- Similar to Bitcoin, Counterparty has a fully functional reference client (counterpartyd) with a well-defined JSON-RPC API. This allows for rapid application development on top of the Counterparty protocol.
- Counterparty is not dependent on one individual or one group of people. It operates as a decentralized effort, leveraging the full power and ability of the community at large, with a well defined set of principles and social contract between the community and the core development team.

YACoin: Added to the list:

YACoin
YACoin was launched on May 7, 2013.
Website: http://www.yacoin.org/
Original thread: https://bitcointalksearch.org/topic/annyac-yacoin-yet-another-altcoin-start-is-now-196196
New thread: https://bitcointalksearch.org/topic/annyac-yacoin-ongoing-development-206577

YACoin was created in May of 2013 and was the first to introduce the N parameter of Scrypt. Check out the Technical Info page for more details. We recently passed out 420,000 block, and are soon approaching 500,000! Many coins come and go well before then. We've just got started! Think YACoin has a small community because we don't have the promotional and marketing juggernauts of some other coins?

Thanks for the update.

EDIT: Nevermind I am dumb, you are developing Netcoin AKA. MC2.... not Decrits. I'm getting my second generation cryptos mixed up.  

We're still around, fulltime development starts this week.

I would add the following decentralized storage solutions:
- maidsafe (maidsafe.net) launching in april http://blog.maidsafe.net/2014/02/18/token-on-maidsafe-network/
- jstor (talk to super3 on freenode if you want to learn more); winner of the texas bitcoin conference hackathon. launching soon.

I added a list of cryptocoins I am going to add to the list and also a new section for discussion topics for the thread. If you support one of the listed cryptocoins I'd like to add to the list, then you can help me out by writing a short description of the coin and listing some important links for the coin if you're so inclined. Similar to how you see it in the OP please, that would be great!!!

I added this to the OP, but it bears repeating: This is not investment advice, it is mainly for academic purposes. I see this as being a list of improvements and changes to Bitcoin and/or brand new cryptocoins not based on Bitcoin. In a few years we can look over this list and pretty much have a road map for a ground breaking second generation currency that encompasses the best features from all innovative coins. I feel like having a list of innovative developments in regards to cryptocoins will help developers make second generation coins. This can be a resource for them to do research about different innovative ALT coins that have come before them and what they did right and what they did wrong.

Added the following to the OP:

To Be Added At A Later Date:
You can help me by writing a short description for any of the following coins, so it allows me to add it to the list quicker. I admit I have been pretty busy and am having trouble finding time to update this list. Any help would be much appreciated!
- Quarkcoin (The first to implement multiple hashing functions)
- Ethereum (Ethereum is a platform and a programming language that makes it possible for any developer to build and publish next-generation decentralized applications.)
- Megacoin (Kimotos Gravity Well)
- Devcoin (Use of receiver files, and first crypto made to support open source programmers and writers)
- Freicoin (introduced demurrage)
- Gridcoin (and maybe Curecoin) rewards you for BOINC processing.

Discussion Topics:
- Technical: What is the most ASIC/GPU resistant cryptocoin to date? MY guess is it is one of the more memory hard Scrypt coins.. possibly one with a dynamic N factor. There are a lot of them now and I'm not sure which implementation is the best. There's quark, YACcoin, vertcoin, securecoin, etc... Maybe one of these CPU mined coins: https://bitcointalksearch.org/topic/list-of-cpu-friendly-altcoins-379601

Agreed. The subject is clearly 'innovative alternative crypto currencies'. True 'innovation' is thinking outside the box, like all of the ones listed, not reorganizing what's already there.
If you want POW, bitcoin is doing pretty darn well and minor changes aren't going to swing the thoughts of the masses.

huntercoin

https://bitcointalksearch.org/topic/annhuc-huntercoin-worlds-first-decentralized-gameworld-on-the-blockchain-435170

one of a kind

This is a topic for innovative cryptocurrencies. Proof-of Work (mining) is obsolete and it doesn't matter if you mix algo together.

Have you Guys looked at MedCoin?

https://bitcointalksearch.org/topic/ann-sha256cpu-mediterraneancoin-med-reuse-your-erupter-397831

I find this one very interesting, it's a HybridScryptHash256 Algorithm, That uses Scrypt and Hash256 in a chain that allows the reuse of ASIC miners but limits their Hashingrates based on CPU power. You could hang a 30G/hs Blade on a i3 Processor and it would hash at about 10 or so G/hs the same on an i7 would do about 19G/hs. This means the  Whales couldn't just  come in and take over without investing in some serious CPU power. White Paper : http://www.mediterraneancoin.org/hybridscrypthash256.pdf

I've been mining this and I find it to be pretty good, especially if you aren't a Mega-Miner with a Farm at your disposal.. The DEVs had a nice soft launch and have been working quite hard to fine tune the Mining Software. There's not really any Marketing Plan (that I've seen) to speak of, but the Algorithm is very promising.

Another one I've found interesting is Cryptographicanomaly.

https://bitcointalk.org/index.php?topic=437950.0;topicseen

This coin also has a very innovative Algorithm with KGW and a unique Block Reward system.
Quote from DEV:
The block reward is (almost) always 0 (yes Zero), the only way that a Cryptographic Anomaly is born is if the remainder of the block number divided by the difficulty falls between 1 and 0. So as the difficulty increases the rarity of the coin increases. After block 15,000 the MAX rate that anomalies can be generated will be 1 out of 3 blocks (1/3). This rule will apply only when the difficulty is below 3. After block 15,000 and the diff rises past 3 the normal rules will apply, the probability of an anomaly being generated will be 1/diff.

The inital stages of the launch were a bit Chaotic as there were some unexpected problems with the Algorithms, Wallets and Blockchain playing together. This Coin has built a GREAT community arround it who worked literally Day and Night to make everything behave.

I find these 2 coins pretty innovative...we'll see where they go...

xcp https://bitcointalk.org/index.php?topic=395761.1920;topicseen

https://www.youtube.com/watch?v=vb8si58DW9Y

https://www.youtube.com/watch?v=qe4Myh5Rw9M

You are right, I added "with a few exceptions".

Well that's not true.... All of them??

How to choose a good crypto to invest in? Comment are welcome. This is how I judge potential cryptos.
http://razorsforex.blogspot.com/2014/02/which-cryptocurrency-should-you-invest.html

I doubt name alone helps, what only matters is number of people using the coin

Where it belongs, in garbage.

Where is Betacoin?

Currencies don't need to be innovative, they just need to work.

What is innovative about the USD compared to the British Pound or compared to any other currency, it's just a medium of exchange.

People falling for 100% premined coins wrapped up as a next generation currency are being duped, but kudos to the developers, they making themselves a lot of money on
2nd gen start ups.

There is only 1 coin that can compete with bitcoin just on it's name alone, a coin that everyone can relate too and very few have even noticed it yet.