Author

Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 235. (Read 941382 times)

sr. member
Activity: 330
Merit: 250
So, what's planned for the next major (1.5) release?

1.5 should include the Voting and Phasing systems



Cool, u guys seem to be doing quite some progress with your dev efforts.
I can imagine voting system (living in a democracy, it's not that hard).
But what's Phasing systems?
legendary
Activity: 1918
Merit: 1001
NXT will prevail..... Grin
hero member
Activity: 515
Merit: 502
So, what's planned for the next major (1.5) release?

1.5 should include the Voting and Phasing systems

legendary
Activity: 1092
Merit: 1010
Well, I only know about Ripple and Bitcoin in more detail...

From top to bottom:
Bitcoin: "Worst case time" is 100 blocks, not 120 (I guess you mean coinbase transactions) - the core client used (maybe still uses?) an additional stop on transaction for 20 more blocks but you can validly spend coinbase transaction outputs after 100 block already.
Unfortunately there are no good public numbers for Ripple transactions per second (well, you can of course parse the numbers yourself), I would guess the current load is about 1 TPS, other numbers seem to be maximum numbers(?). The maximum number for Bitcoin is by the way ~10 TPS (https://en.bitcoin.it/wiki/Maximum_transaction_rate) and since P2SH  is getting more popular, 7 TPS is already not longer an average number any more.
"Anonymous Transactions" - what exactly constitutes this? E.g. you could launder/mix BTC but you'll still see publicly the inputs and outputs.
Bitcoin transactions have variable fees, they are not fixed. Maybe you should write "average" or "minimal" TX fees?
Ripple is not totally free network security wise, you'll at least have to host a server relatively securely. Maybe "no further costs apart from hosting a server"?
Using advanced output scripts, a few of your use cases might be possible with BTC too (e.g. "dividends", depending on what you mean with that) Mastercoin and Counterparty are better designed for that use case though I guess.
"Market Pegged Assets" - More explanation needed
Bitcoin inflation is NOT 10% (well, currently it might be...), it is algorithmic and pre-determined.
User Issued Assets - Depending on your definition of "assets", IOUs on Ripple would also fall into this category
User Registered Accounts - (?)
Encrypted Messaging - Ripple supports a "memo" field, that could be used for this (and other stuff) but it is not exposed in the official client.
Monetary system - (?!)
Alias: DDNS - (?)
Asset Exchange - Again, depending on definitions, Ripple would fit this quite well.
Decentralization - REALLY needs more background and a clear definition what needs to be fulfilled to be considered "decentralized" (e.g. all of these systems are based on central databases that need to be globally consistent)
Marketplace - Difference to "Asset Exchange"?
Transparent Forging - (?)
Cross chain trading support - There are schemes published for Bitcoin already for years. They are not implemented in the reference client though.
Smart leasing - (something like lending on Bitfinex?)
Multisig - In the works for Ripple (https://ripplelabs.atlassian.net/browse/RIPD-182)
Account Control - (?)
Automated Transactions - Please define this further - e.g. a certain transaction can be initiated without anyone signing a transaction (either offline or online), similar to margin calls.
DAC - Buzzword, no definition
Smart Contracts - Ripple Labs is developing https://github.com/codius/codius/, it is running independent from Ripple though, so it could also enforce Bitcoin transactions.
Blockchain Pruning - Ripple's ledger is fully pruned, you can get up and running within minutes at most. History is much larger than on other platforms though. Bitcoin also of course can be pruned and there are patches to do this already available.

All in all - Thanks for this work, it is quite well done. It would really help to have a bit more general and better defined "features" instead of mostly NXT marketing speak that most others of course won't be 100% able to fit into. Also please seperate the native asset/currency from the platform itself. NXT-coins do not have an Asset Exchange, NXT-platform does for example.


Hey, thank you for this!

I will point the people who worked on the chart to look into it and where needed update-correct is.

As to the "marketing-speak", we need to try to minimise that in this chart to a the minimum. In fact, I commissioned it, and one of the points I stressed was that it should not be biased towards Nxt.
It being posted on a Nxt thread makes that difficult enough in itself, of course.

There just wasn't anything like this, at least to my knowledge.
Please keep sending comments (praise can go to for Fatih87SK and Salsacz who made these two and did all the research for them).  Smiley
I myself would really have all this in one place for a change instead of having to hunt all over the place.
sr. member
Activity: 330
Merit: 250
So, what's planned for the next major (1.5) release?
hero member
Activity: 574
Merit: 500
A comparison chart between known Crypto platforms

Please let us know if you spot any mistakes, so we can correct them!

http://i.cubeupload.com/RGB3wV.jpg

I'm pretty sure Counterparty has multisig and a voting system and is at least working on smart contracts if they aren't already implemented (they ported etheruem's smart contracts over, and the main functionality itself uses a kind of smart contract), and I would think their DEX is an asset exhange isn't it?

No DAC support for Bitshares is a really glaring error, as that's pretty much what Bitshares is all about, and to say Bitshares is working on market pegged assrts but NXT already has them is totally the wrong way around.

Also, Ripple was the first to start publishing code for a smart contracts system, with their Codius project.
sr. member
Activity: 351
Merit: 250
A comparison chart between known Crypto platforms

Please let us know if you spot any mistakes, so we can correct them!



Does Automated Transactions finally goes live on NXT?
It is marked as In Development.
AT is finished as a project and for NXT so far it doesn't considered to be a part of it.
full member
Activity: 226
Merit: 100
Nice chart! Maybe we should present it to users of the other cryptos in that chart so that they can correct things that are wrong.
hero member
Activity: 490
Merit: 504
2) Planned Cryptocurrencies:

EmunieEthereumNEMSimcoin
OperationalbetaNobetaNo
Consensus MechanismSecret Innovative  ConcensusProof-of-knowledge / PoS-PoW hybridProof of ImportanceDistributed (distribution) /
Block Production Timeno blocks, 10 seconds12 seconds1 minuteno blocks
Recommended Confirmation Time60 seconds-10 blocksIn Development
Worst Case for Confirmation Time--360 blocks-
Max. Transaction Load--2 TPS10 TPS
Average Transaction Load---
Number of Accounts--4000234
Transaction Fee Costs$0.01VariableProgressive-
Network Security Coststx fees -tx fees tx fees
InflationDeflationaryInflationary0%0%
Share Supply--8.99 billion1 billion
Average Volume (mil USD)---0
Share Divisibility (precision)5 decimal points8 decimal places6 decimal places-
Blockchain Size----
Brain WalletNoYesIn DevelopmentNo
MultisignatureYesIn DevelopmentYesPlanned
Anonymous TransactionsYesIn DevelopmentIn DevelopmentNo
Instant TransactionsYesIn DevelopmentIn DevelopmentYes
Smart ContractsIn DevelopmentIn DevelopmentIn DevelopmentNo
Automated TransactionsPlannedIn DevelopmentIn DevelopmentNo
Profit Sharing-NonoNo
Decentralised Exchange / Asset ExchangeYesIn DevelopmentIn DevelopmentNo
Market Pegged AssetsNoNoIn DevelopmentNo
MarketplaceYesIn DevelopmentIn DevelopmentNo
Merchant ToolsNoIn DevelopmentIn DevelopmentNo
Order MatchingAutomaticIn DevelopmentIn DevelopmentNo
MessagingYesIn DevelopmentIn DevelopmentNo
Encrypted  MessagingYesIn DevelopmentYesNo
Hardware WalletNoNoIn DevelopmentNo
Mobile WalletNoIn DevelopmentIn DevelopmentNo
Alias SystemYesIn DevelopmentIn DevelopmentNo
Voting SystemPlannedIn DevelopmentIn DevelopmentIn Development
SuperNETNoNoNoNo
hero member
Activity: 490
Merit: 504
and here is my version Smiley
1) Released Cryptocurrencies:
VisaBitcoinRippleLitecoinMastercoinNxtCounterpartyBitsharesBlackcoinQoraCryptiStellar
Operational57 years6 years3 Years3 Years1 Year1 Year1 Year1 Year10 Months7 Months7 Months5 Months
Consensus MechanismConsensusProof of WorkConsensusProof of WorkTimestamp AuthorityImproved Proof of StakeTimestamp AuthorityDelegated Proof of StakePoW (distribution) / PoSPoSPoS: Purchase, Time, IdentityConsensus
Block Production Time-10 minutes10 seconds3,2 minutes10 minutes2 minutes10 minutes10 seconds1 minute1-5 minute1 minute2-5 seconds
Recommended Confirmation Time-6 blocks1 block6 blocks / 15 minutes6 blocks10 blocks6 blocks 1 block10 blocks10 blocks-1 block
Worst Case for Confirmation Time-100 blocks (20 hrs)-100 blocks (4 hrs)100 blocks (20 hours)1440 blocks (48 hrs)100 blocks (20 hrs)51 blocks (8.5 min)120 blocks (2 hours)---
Max. Transaction Load47.000 TPS7 tps-28 tps2 tps3,4 tps2 tps10 tps70 tps---
Average Transaction Load2000 TPS1,17 TPS0,5 TPS0,06 TPS-0,05 TPS0,003 TPS0,05 TPS0,08 TPS0,001 TPS--
Number of Accounts-2,7 million140.000142.000-93.0007.200230.00065006200--
Transaction Fee Costs2% of transaction value.0001 BTC0.00001 XRP0.001 LTC.0001 BTC1 NXT.0001 BTCVariable0.001 BLK per kB1 QORAVariable0.00001 STR
Network Security Costs-tx fees + block rewardlow ~ secure server administration coststx fees + block reward10% inflation via miningtx fees 10% inflation via mininga fraction of transaction (tx) feesmax 1% of expected market captx fees tx fees -
Inflation-10%Deflationary30%Deflationary0%DeflationaryDelegate positions1%0%Deflationary1%
Share SupplyUnlimited13,7 million31 billion (out of 100 billion)35,5 million0,5 million1 billion2,6 million2,5 billion75 million10 billion100 million3,5 billion (out of 100,5 billion)
Average Volume (mil USD)165182371,320,0020,030,030,10,050,00040,0010,09
Share Divisibility (precision)2 decimal places8 decimal places6 decimal places8 decimal places8 decimal places8 decimal places8 decimal places5 decimal places8 decimal places8 decimal places8 decimal places6 decimal places
Blockchain Size-33,5 GB430 GB4 GB33,5 GB2,3 GB33,5 GB1,3 GB0,7 GB0,17 GBSTR + BTC + XRP
Brain WalletNoYesYesYesYesYesYesNoYesYesYesNo
MultisignatureNoYesYesYesNoPlannedYesYesYesPlannedNoNo
Anonymous TransactionsNoNoNoNoNoNoNoIn DevelopmentNoPlannedNoIn Development
Instant TransactionsYesYesYesYesYesPlannedNoNoNoPlannedNoNo
Smart ContractsNoYesIn DevelopmentNoYesYesYesYesYesIn DevelopmentNoIn Development
Automated TransactionsYesYesYesNoNoIn DevelopmentYesNoYesIn DevelopmentNoNo
Profit SharingNoNoNoNoNoYesYesIn DevelopmentYesNoNoNo
Decentralised Exchange / Asset ExchangeNoIn DevelopmentYesNoYesYesYesYesIn DevelopmentYesIn DevelopmentYes
Market Pegged AssetsNoYesNoNoNoNoNoIn DevelopmentNoNoNoNo
MarketplaceNoYesNoYesNoYesYesNoYesNoYesNo
Merchant ToolsYesYesYesYesNoNoIn DevelopmentNoIn DevelopmentNoNoYes
Order MatchingNoNoAutomaticNoManual AutomaticAutomaticAutomaticIn DevelopmentAutomaticAutomaticAutomatic
MessagingNoNoNoNoNoYesIn DevelopmentIn DevelopmentIn DevelopmentYesNoIn Development
Encrypted  MessagingNoNoNoNoNoYesIn DevelopmentIn DevelopmentPlannedNoNoNo
Hardware WalletYesYesIn DevelopmentYesNoPlannedNoNoPlannedNoNoNo
Mobile WalletYesYesIn DevelopmentYesYesYesIn DevelopmentIn DevelopmentYesPlannedNoNo
Alias SystemNoNoNoNoNoYesNoYesNoYesNoNo
Voting SystemNoPlannedNoNoNoIn DevelopmentIn DevelopmentYesIn DevelopmentYesPlannedNo
SuperNETNoNoNoNoNoYesNoNoNoNoNoNo
sr. member
Activity: 392
Merit: 250
Nice looking infograph!
sr. member
Activity: 268
Merit: 250
A comparison chart between known Crypto platforms

Please let us know if you spot any mistakes, so we can correct them!


Very good chart... DRK missing in that comparison?
legendary
Activity: 1092
Merit: 1010
A comparison chart between known Crypto platforms

Please let us know if you spot any mistakes, so we can correct them!

sr. member
Activity: 404
Merit: 250
https://nxtforum.org/
http://www.nxt.org/demo TEST FULL FEATURE NXT (testnet) INSTANTLY!! NO DOWNLOADS Required!!!
hero member
Activity: 770
Merit: 500
The naysayers's have been very quiet since Kushti started publishing his team's research...  Cheesy

They are busy dumping bitcoins.
I am busy buying bitcoins.
legendary
Activity: 2142
Merit: 1010
Newbie
The naysayers's have been very quiet since Kushti started publishing his team's research...  Cheesy

They are busy dumping bitcoins.
hero member
Activity: 574
Merit: 500
The naysayers's have been very quiet since Kushti started publishing his team's research...  Cheesy
legendary
Activity: 1470
Merit: 1004
Has EGOLD any 'business' plans? Because I wonder why people buy mscoins that don't really have a purpose but a fancy name. Cheesy

When CoinShuffling is released EGOLD could be used for mixing: Buy EGOLD with NXT -> Mix -> Sell EGOLD for NXT.

Didn't think of that. That would be indeed interesting.

Of course, if they allow shuffling with NXT itself, then the intermediate step won't be needed. Which would save on having to waste NXT by paying the spread on both transfers.

Nxt won't be shuffled directly because it's potential affect on TF. 
Jump to: