Topic: Crypto Review - Cryptocurrency Analysis - page 6. (Read 21511 times)

NXT is still missing from here...

Namecoin (Merge mineable SHA256 coin that acts a decentralized DNS) and United Scrypt Coin (the first merge mineable Scrypt coin) have both been added.

I'm still looking into other coins to add and have a couple in mind that I may add soon... I am trying to be picky when adding coins. I only want coins on this list that actually innovate. I am thinking of adding Anoncoin for being the first cryptocoin that has a fully integrated client in i2p/TOR.

Possible future additions to the list (please convince me to add these coins.. I'm on the fence):
Nxt - https://bitcointalksearch.org/topic/ann-nxt-descendant-of-bitcoin-303898
Protoshares - https://bitcointalksearch.org/topic/bitshares-pts-formerly-protoshares-mandatory-upgrade-snapshot-announcement-325261
Bitshares - https://bitcointalksearch.org/topic/bitshares-a-peer-to-peer-polymorphic-digital-asset-exchange-p2ppdae-313873
My problem with the above coins: It seems they're not really developed yet, although they did raise a lot of money. Since MasterCoin was the first to do this, I added them to the list. I'd like to see a little more development on the newer ones that were "crowd funded" before adding them. Otherwise, anyone could open fundraising and get added to this list... I want it to be a list of the most innovative. Please correct me if you think I'm wrong, show me what has actually been developed on the above coins.

YAC - https://bitcointalksearch.org/topic/annyac-yacoin-yet-another-altcoin-start-is-now-196196
Quark - https://bitcointalksearch.org/topic/ann-qrk-quark-core-010-upgrade-260031
Secure Coin - https://bitcointalksearch.org/topic/annsrc-securecoin-a-fast-and-secure-version-of-bitcoin-2013-270852
My problem with the above coins:  I'm still on the fence about the coins that are changing the hashing alogrithms to make them CPU/GPU only. I'm afraid I will determine them "innovative" and then next week someone release a GPU miner for them... it's happened before with many coins that claim to be "CPU/GPU only". Which one of these three is the most GPU/ASIC resistant? Or is there a different one that is more GPU/ASIC resistant than these three?

Datacoin - https://bitcointalk.org/index.php?topic=325735.0;all

That's bullshit. (and no, YAC txt take far longer than 20sec to be save)

For bigger transactions it's usually irelevant if it takes 1hour or one day as long as it's safe. On most smaller payments and some bigger ones centralization works more efficient since no distributed sytem can ever be faster than a fast centralized one.

Requireing an ultrafast, ultrasecure and not centralized crypto is requiring a singe solution to problems that can be better solved with more than one solution. Requiering a farm animal to lay eggs, give milk and tasting like bacon is pointless since noone really needs it with farm animals aviable today. Even if it would exist people would still choose the best egg laying animal for eggs and the best tasting for bacon. It's impossible to be the best on all areas against specialized competition.

I discovered NXT recently and wow... it is a huge stuff.

@Tranz:  Sorry, I didn't know about it.  Brand new.  Seems to be based on Freicoin with some extra features.

Well check again. Globe.....

Datacoin allows data to be stored in the block chain.  Time will tell if it grows or not, but it is innovative.

Freicoin introduced demurrage, and no other coin has copied it.  It has a high circulation rate as a consequence.

Gridcoin (and maybe Curecoin) rewards you for BOINC processing.  Something completely different, and a real use for the processing power of the miners.

Crafttcoin, Gamecoin and Huntercoin are aimed at games - they actually do something.

Thanks for updating the list!

It is very informative and save us time.

Keep on doing it frequently (monthly at least)! 

Cheers!

I added Peercoin for their work on PoS. I will add the first merge mined Scrypt coin USC & Namecoin as well.

It is up to me who makes it on the list and who doesn't, but thank you all for your suggestions. I will look into them when I have time. I'm on the fence whether to add coins that just change the hashing algorithms on the list.. this includes YAC, Quark, SecureCoin, et al. PrimeCoin also did this, but its PoW solves real life math problems to contribute something to society. If you want one of these added, please explain to me how it was innovative. I honestly haven't had much time to compare them.

Sorry if I take a long time adding a coin to the list.. just because I don't add it now, doesn't mean I won't add it later. I might reassess it at a later date, or perhaps I just don't have time to look it through. To help me in that regards, please post a description of the coin you're proposing, links to its thread/website, etc... it will help me out a lot. If you have any other links for coins already in the OP, please share them and I will add them (or tell me if a link is broken).

How fast is the maximum transaction time? Everything above 20 seconds for a secure transaction is not a currency, since it has no chance to replace Visa/Paypal.

Candidate for the list: UnitedScryptCoin [USC]  First merged minable scryptcoin! Proved!
Due the merged mining a realy secure thing. Could easyly become something like LTC's own "Namecoin" if ever adopted.

Blocks 2.5 minutes with reward of 50 USC  (dont get confused with USCoin, this has nothing to do with it)


Dont know why nobody invented this before but i guess its more profitable to create Pump and Dump coins...

YAC is definitively missing here although it's real innovations are harder to spot than in other innovative cryptos.

Increasing memory requirement for mining over time and the PoS/PoW hybrid makes this the first crypto with properties more of a currency than a commodity.

Yes, that is the point. No problem!


I've been thinking about adding Peer Coin. I agree PoS was innovative, I wish more new coins would implement it and save some electricity!

I don't mean for this list to be the "end all be all" list of innovative alt coins.. I hardly have time to update it as is. Feel free to make suggestions, or even write up a small description of the coin you suggest to make my job easier.

PPCoin POS is innovative since the past to present and future

This list is really useful in filtering out useless clones. Thanks!

I just noticed Max Keiser tweeted about ZeroCoin the other day.

ZeroCoin's Twitter: https://twitter.com/ZerocoinProject

Also, ZeroCoin in the Baltimore Sun: http://www.baltimoresun.com/news/opinion/readersrespond/bs-ed-bitcoin-letter-20131204,0,3966705.story

I updated all coins in the OP just now. I will be adding some new coins tonight as well.

Cheers,

Ch

EDIT: I updated the update

It seems the mini-block chain project is still going along, there is a bounty thread here: https://bitcointalksearch.org/topic/bounty-mini-blockchain-implementation-286536

Sure, sounds good. I'm excited to see what you came up with!

Got a bunch of new never seen features I'm going to announce for eMunie in the next day or so, they've been through beta testing already and will be included in the launch.

I'll give you a heads up when I post about them if you like