# Vision5 : Blockchains
## General
## Ranks
For market cap on 25/08/2018
## Creating new networks
- To fit in with the same SMDNS
- Still work with the original one too
## Better terms
- Network Value NOT Market Cap
## Terms
## Merkle Trees
https://en.wikipedia.org/wiki/Merkle_tree
- Used in cryptography, IPFS, Btrfs, FZS
- Ralph Merkle (1979)
- Certificate transparency
- Add 0x00, 0x01 ... to the parts of a split file
- Prevents creating alternative files on Merkle trees that have the same hash
## Forks
Articles
https://www.coindesk.com/information/hard-fork-vs-soft-fork/
Hard
- More flexible
- New does not (necessarily) work with old
- Double spend risks
Soft
- Less flexible
- New works with old, but some old does not (necessarily) work with new
- No double spend risks
- Soft fork will win out in the end
- Old miners will recognize that their blocks are being rejected, and upgrade
## Nonce
## ASIC
Application-Specific Integrated Circuit
## Blocknet ideas
# Transaction5
## Basechain
NEM
## New concepts
## Proof-of-Regulation
- Proof-of-Importance applied generally
- Banks and other regulated financial institutions could have a higher level of acceptance because they are regulated
- Governments similarly could have increased status
## Service providers
## Cryptocurrency payments
[Coingate](https://coingate.com/accept-bitcoin)
- 1%
- To EUR (free SEPA)
- To USD (expensive bank transfer)
- To Advcash (fees then apply)
- Very fast customer service, even on Sunday morning!
[Coinpayments](https://www.coinpayments.net)
- 0.5%
- Only to Bitcoin
[Cryptonator](https://www.cryptonator.com/merchant/)
- 0.9%
- To EUR bank account (1%)
- 1.9% total
[ShapeShift](https://shapeshift.io/#/coins)
## International transfers
[TorFX](https://www.torfx.com/)
- Best exchange rates for 2016-8
- Based in Penzance
- Can't see rates on site
[Transferwise](https://transferwise.com/)
- Not always the best rates
- See rates on site
## Articles
[Comparison of transaction speeds](https://www.abitgreedy.com/transaction-speed/) (Aug 2018)
TO CHECK OUT
Harmony
- https://www.youtube.com/watch?v=IK5DMxDZ9M0
- Seems very interesting !!!
- QUIC
- OmniLedger
- Mosaic Pull-Reduce
Speeding up transport 10x
- QUIC (Quick UDP Internet Connection)
- Bloom tables / filters (definitely no X and probably some Y in a set)
- 5G rather than 4G
- At least 10x achieved
Speeding up system tools 10x
- Parallel processing improvements
- Kernel improvements with Unikernel
- + more
- Mosaic (59x speedup on most challenging benchmarks)
Speeding up consensus protocol 10x
- Omniledger 13k tps with 1800 nodes (proven)
-
EOS
Zilliqa
- $850M
Hashgraph
- Raising $300m
- $4-5B valuation
Thunder
- Valued $100m
Dfinity
- Raised $100m
- $2b valuation
Kadena
- Raised $12m
Algorand
- Raised $4m
## Tokens / Dapps
# 0x - ZRX (25)
## Home
[0xproject.com](https://0xproject.com/)
## Videos
[Crypto News Network - pt. 1](https://www.youtube.com/watch?v=hWYxUfDM8sE)
[Crypto News Network - pt.2](https://www.youtube.com/watch?v=YBfqLOLaym4)
## Key concepts
Decentralized exchange protocol
- Not an exchange
- An Open Protocol For Decentralized Exchange On The Ethereum Blockchain
Lack of standardization
- Leads to redundancy
- Users won't want to have 5 different tokens for 5 different apps
- Parallel redundancy - different apps implementing the same functionality
# Augur - REP (39)
## Videos
[Cryptografi](https://www.youtube.com/watch?v=579SRoK_kdQ)
[David Hay](https://www.youtube.com/watch?v=s17NVBuzZbc)
## Key concepts
Dapp + token on Ethereum
Decentralized Prediction Market
- Google the future
- Predictions backed by $
- People vote (with money)
## Use cases
- Company projects (Google, Microsoft) - internally
- Austrian economics (mid 20th C)
## Speed
[6 mins average](https://www.abitgreedy.com/transaction-speed/)
## Risk
- Crowd mentality
- Voting on what think others will vote on, rather than the best
# Basic Attention Token - BAT (40)
## Team
- CEO the guy that invented JavaScript
## Videos
[David Hay](https://www.youtube.com/watch?v=Tf8F1wb3JhI)
## Key concepts
BAT vs Brave Browser
- Linked in with paying content creators through the Brave Browser
## Problems
- Seemingly deliberately misleading marketing
- Token not integrated with the Brave browser
- Illogical
- Frustrating
- Content providers not paid properly
- Brave browser not work quite as well as Chrome
- BAT token has been doing airdrops to the Brave browser
- Paid content not a very sustainable model for the Internet
- To receive BAT tokens (ERC-20), need to provide details, then create wallet in Uphold (for doing payment processing etc? / crypto processing)
- Uphold really expensive - like Visa/MC
- No alternative to Uphold for Brave browser
## Pros
- Linked with the Brave browser
## P2P coins
# Nano - NANO (23)
## History
- Was called Raiblocks
## YouTube
[Decentralized Thought](https://www.youtube.com/watch?v=dlRhUwLQWXc)
## About
- Designed to be solely P2P payment system
- Slogan : Do one thing, and do it right
- Near instant transactions
- No transaction fees
- No inflation
- No miners
- No incentive structure
## Key concepts
Faucets
- No ICO
- Raidrops distributed through faucets
- Faucets sites that say you're not a bot
- 130M Raiblocks distributed
- 70M for development
- 200M burned
Personal blockchains
- Every wallet has own personal blockchain
- Lattice structure
- When each transaction happens, two new entries
- One on each person's blockchain
Proof-of-work
- Small PoW for each transaction
- Included to prevent spamming of the network
Network consensus
- DPoS
## Speed
[5 secs average](https://www.abitgreedy.com/transaction-speed/)
## Pros
- Seems clean
- Not controversial
## Fiat coins
# Tether - USDT (8)
## DAGs
# IOTA - MIOTA (12)
## Key concepts
- Not a blockchain
- Directed Acyclic Graph (DAG)
- Centralized, closed system
Tangle
[Tangle explained](https://www.tangleblog.com/2017/01/25/the-tech-behind-iota-explained/#comment-4719)
## Speed
[3 mins average](https://www.abitgreedy.com/transaction-speed/)
## Problems
- Single core node
- [Cryptographic vulnerabilities](https://medium.com/@neha/cryptographic-vulnerabilities-in-iota-9a6a9ddc4367) in the past
- Likely no quality testers on team
- Slow
## Payment processing
# OmiseGO - OMG (22)
## Videos
[David Hay](https://www.youtube.com/watch?v=8iE_D7vGIrw)
[Boxmining](https://www.youtube.com/watch?v=5UmO5UsKHdk)
## Articles
[$25m ICO, turned down $100m](https://techcrunch.com/2017/07/05/omise-go-ico-25-million-omg/)
## History
- Omise existing company
- Like Stripe
- Across S.E. Asia
- Integrated into websites
- Well backed
- Necessary service in that part of the world
- Thailand (heavily centred there)
- Japan
- China
- Philippines
- Vietnam
## Focus
- Decentralized payments
- Access
- Scalability
- Security
## Key concepts
Combining banking services with the blockchain
- Decentralized exchange
- Liquidity provider mechanics
- Clearing house messaging network
- Asset-backed blockchain gateway
- Wallet
Based on Ethereum for now
- Smart contract?
- Plasma for Ethereum
## Pros
- Solving an actual problem
- It will at least
- Solving a problem in SE Asia
- Very difficult to transfer money between countries
- Big need in SE Asia
- Plenty of top advisors, including Vitalik Buterin
# Ripple - XRP (3)
## Home
[ripple.com](https://ripple.com/)
## History
- 2004-12 Ripplepay
- Founded by Ryan Fugger
- Financial service to provide payment options via a global network
- Various people come together to create P2P system
- September 2012 founded OpenCoin
- Fugger handed over reins to Chris Larsen
- 2012-13 OpenCoin
- Later Ripple Labs
- Ripple Transaction Protocol
- Enables the instant and direct transfer of money between two parties
- Any type of currency can be transferred
- Early investors included Google Ventures
- 1st July 2013 XRP Fund II (now XRP II) founded in South Carolina
- Next day Ripple announced linking of Bitcoin and Ripple protocols via Bitcoin Bridge
- October 2013 Ripple created further partnership with ZipZap
- Deemed a threat to Western Union
- 2014-17 Focus on banking
- July 2014 Ripple Labs proposed Codius, a project to develop a new smart contract system that was programming language agnostic
- Lots of banks experimenting with Ripple Protocol
- Since 2012 Ripple Labs have professed support for regulation of the crypto-currency market, as it helps businesses grow
- In 2015 Ripple Labs fined by FinCEN for violations of the Bank Secrecy act, from additions in 2013
- Ripple Labs agreed to only transact through registered Money Services Businesses (MSB's)
- Also added Anti Money-Laundering (AML) transaction monitoring to the network
- 13th June 2016 Ripple obtained a virtual currency license from the New York State Department of Financial Services
- Becomes 4th company to obtain a BitLicense from
## Key concepts
Reserve
- Keep 20 XRP in reserve account
- Used for non-native transactions
- Helps with anti-spam
Bridge currency
- Can act as a bridge between two currencies
- Used if there's no direct conversion possible
- Ripple focused on being a currency exchange, not an alternative currency per se
Anti-spam
- Transaction fees start at 0.00001 XPR for periodic ones
- Higher transaction fees are charged if goes up to thousands of transactions per minute
- Used to prevent overloading of the system
## Drops
- Min are drops
- 0.000001 XRP (1m drops per ripple)
## Speed
[4 secs average](https://www.abitgreedy.com/transaction-speed/)
# Stellar - XLM (6)
## Home
[stellar.org](https://www.stellar.org/)
## History
- Forked from Ripple in 2014
- Founder Jeb McCaleb had a different financial philosophy
- Stellar Development Foundation (SDF) is a non-profit in Delaware
- Creates Stellar Consensus Protocol (from Ripple Consensus Protocol) + OS documentation for implementation
- SDF + David Mazieres (Standford Uni) created Federated Byzantine Agreement
- Whitepaper released in April 2015
- Upgraded network live in Nov 2015
## Coins
- STR replaced with XLM in 2015 after upgrade
- 100 billion coins originally
- Used as intermediary coins (like XRP)
## Focus
- Financial platform
- Speed
- Bank payments AND people
## Key concepts
Stellar Network
- Decentralized distributed exchange
Federated Byzantine Agreement
- Neo uses Practical Byzantine Fault Tolerance (PBFT)
- FBA a different solution to the same problem
- Look it up !!!
Inflation
- Inflationary
- 1% added each year
Inflation pool
- Coin-owners vote on who receives funds from inflationary pool (including fees)
- More than 0.05% votes receive funds each week
## YouTube
[Aimstone](https://www.youtube.com/watch?v=9bzTzJLfU6c)
## Similar blockchains
Ripple
## Speed
- [5 secs average](https://www.abitgreedy.com/transaction-speed/)
- More than 1000 tx/s
## Fees
- Funds from base fees added to the inflationary pool
- Average fee = $0.000007
## Partners
- IBM (October 2017)
- Deloitte (2016) - consulting firm
- ICICI Bank (2016)
## Pros
## Exchange platforms
https://coinsutra.com/best-decentralized-exchanges-dex/
# Ark - ARK *
## Home
[ark.io](https://ark.io/)
# Binance Coin - BNB (16) *
## Videos
[Coin FOMO](https://www.youtube.com/watch?v=fLPxYmMPMe4)
## History
- Created July 2017
- ERC20
## Key concepts
Binary + Finance = Binance
Chinese cryptocurrency exchange
- One of the best crypto trading ecosystems out there
20m users
Buy-backs
- 20% of profits each quarter allocated to buy back tokens at the current market price
- Will continue until 50% of the tokens are burned
- Afterwards will have a stable value that will continue to appreciate over time
Usage of token
- Currency for the exchange's fees
- 50% discount on the first year of use
- Exchange fee of 0.1%
- Bitrex 0.25%
- Pay 100% if you don't already have the BNB, so is an incentive to buy now
- Info platform
- Advertising that goes on the platform
- More to come
Price of token
- Seems to closely follow Bitcoin
## Binance Labs
$1B ecosystem
- For pre-ICO
- Financing
- Advice
## Pros
- One of the very few coins to go up since January
- 1.4m exchange orders / s
# Bisq
## Home
[bisq.network](https://bisq.network/)
# Bitshares - BTS (33)
## History
## Key concepts
DAO's
- Decentralized exchange platform
- Allows for the creation of DAO's
- Create shares, produce profits, and then re-distribute them as dividends to their shareholders
Delegated Proof-of-Stake
BITUSD
- If think of as a company, then the products are a service
- Bitshares the overall company
- BITUSD - service under bitshares, not a separate cryptocurrency
- Stable store of value
- BITUSD very similar to Tether
## Use cases
- Ethereum like a tank
- Bitshares like a sniper rifle (specialized)
- Ethereum not so efficient
- Bitshares good for high-frequency / volume trading
- Trading
- Derivatives market $700T globally
- Small change could make big difference
## Speed
[2 secs average](https://www.abitgreedy.com/transaction-speed/)
# Blocknet - BLOCK *
## Home
[blocknet.co](https://www.blocknet.co/)
## Github
https://github.com/BlocknetDX/BlockDX
# Ether Delta
# Komodo BarterDEX
## Digital assets
# Bytom - BTM (43)
## Home
[bytom.io](http://bytom.io/)
## Videos
[Decentralized TV](https://www.youtube.com/watch?v=J7SJLHgvfyE)
## Focus
- Digital assets
## Key concepts
Decentralized assets
So you can :
- Speculate
- Trade
- Gamble
3 layers
- Data
- Smart contract
- Interaction
## Comments
- Not very interesting
# NEM - XEM (17)
## Project
[nem.io](http://nem.io)
New Economic Movement
## History
- Launched March 2015
- 15 developers
- 30 marketers
- Singapore
- Developers pseudonymous
- From Bitcoin Talk
- UtopianFuture
- Initially wanted to improve
- Lon Wong president of NEM.io Foundation
- Also founder and CEO of Dragonfly Fintech
## Use cases
General
- Can manage legal documents, energy usage, supply chains, real estate titles, cryptocurrencies
- Financial transactions
- Banks might be happier than a general-purpose platform
- Replace PayPal / Visa
- Could use similar model for a financial system
- Pay small transaction fees to create global network
- Having a dedicated financial network might make adoption better
- Not libertarians' dream
- Not necessarily revolutionary
- Functional, while we transition to something more revolutionary?
Japan
- Second largest cryptocurrency
- Mijin tested in December 2015 by Japan's largest trust bank, SBI Sumishin Net Bank, owned by Sumitomo Mitsui Trust Holdings, to add to their online banking services.
- Japanese Ministry of Agriculture uses to track shipments of meat
Venezuela
- Sses for Petro cryptocurrency (PTR)
- Prices in Petros and Bolivar Soberanos
- 1 Petro = 3,600 Bolivar Soberanos
- Bs.S. Launched 20/08/2018
- Hyperinflation not checked
- Between 18 August and 21 August 2018, the inflation rate increased 16,560 percent from 48,760 percent to 65,320 percent
## YouTube
[David Hay](https://www.youtube.com/watch?v=c0PHsWhU3UY)
[Aimstone](https://www.youtube.com/watch?v=9lva_WU5aoE)
## Coins
XEM
Fixed at 8,999,999,999
## Similar blockchains
Dash
## Key concepts
Proof-of-Importance
- Similar to Proof-of-Stake
- Uses harvesters not miners
- Lots of NEM > Can become a supernode
- Supernode > Can vote
- More coins > More votes
- PoS > Specific amount of coins to be a validator
- More caution in the network when it comes to nodes' validation
- Harvesters sort of become banks
Harvesters
- People who stake their coins to assist in networt validation
- People are paid to process transactions
- 10K XEM to be a harvester
- 3M XEM to be a supernode
- Proof-of-Stake
- Net transfers
- Cluster nodes
Namespaces
- Like web domains
- Sub-namespaces
Mosaics
- Digital assets
- XEM is a mosaic on the NEM network
- Anything you can sell or trade can become a mosaic
Smart Assets
- NEM's Smart Asset System allows devs to code NEM applications easily
- More than just P2P transactions
Multisig
- m of n
Mijin
- Private blockchain that uses NEM tech
## Speed
[30 secs average](https://www.abitgreedy.com/transaction-speed/)
- 6s to show up in wallet
- 20s to confirm
- 3000/s (more than Visa)
## Fees
- 100x less than Bitcoin
- $0.10c / $1000
- Visa : 2.2-2.9%
- Paypal : 1.9-3.4%
- Venmo : 3%
- Nem : 0.01%
Pay to use the messaging service
## Traceability
- 100% traceable and transparent
## Pros
- Low transaction fees
- Inflation resistant (deflationary cryptocurrency)
## Problems
- On 26 January 2018, Japanese cryptocurrency exchange Coincheck, was the victim of a massive hack resulting in a loss of 523 million XEM coins, the native token of NEM, worth approximately $400 million
# Nxt - NXT
## History
- First group to use DAGs
## Focus
- Shares
- Crypto Assets
## Key concepts
Proof-of-Stake
Lightweight
User rewards
- Users rewarded for supporting the network
- The more NXT you have, the more often will generate a block and rewarded with a fee
Alias system
Data storage on the chain
Decentralized asset exchange
- Allow for decentralized services on top
## Speed
- Blocks produced every 60s on average
## Offline
# Pundi X - NPXS (45) *
## Home
[pundix.com](https://pundix.com/)
## Videos
[Crypto Cruising](https://www.youtube.com/watch?v=EicQjyszZTU)
## Focus
- Non-connected people
- Next billion crypto users
## Key concepts
Offline
- XPoS (merchant's point of sale device)
- Go into shop
Online
- P2P
Worldwide
- China
- Asia
- UK
- Switzerland
- Brazil
5000 POS total (so far)
## Supercomputers
# Golem - GNT (51) *
## Home
[golem.network](https://golem.network/)
## Videos
[The Golem Project](https://www.youtube.com/watch?v=_Q888b0VRx8)
## History
## Key concept
Sharing computing power
- Users can sell their redundant computer power to those that need it
P2P
- Anyone can join
- Nobody more important than anyone else
Uses Ethereum
## Speed
[5 mins average](https://www.abitgreedy.com/transaction-speed/)
## Specialized platforms
# Maker - MKR (32)
## Videos
[Decentralized TV](https://www.youtube.com/watch?v=ndjI7ajRIV4)
## Focus
- Reduce volatility
- Debt
## Key concepts
Smart contact on ETC blockchain
Stabilize bond
- Known as a DAI
- Through smart contacts called Collateralized Debt Positions (CDP)
- MAKR = DAI + CDP
1 DAI = $1 USD
MAKR value attributed to the DAI bond
## Pros
- Relatively stable
# Siacoin - SC (42)
## Videos
[Boxmining](https://www.youtube.com/watch?v=ZhL9tJlT6fg)
## Focus
- Sharing hard drive space
## Key concepts
Network dropbox
- AirBnB of hard drive space
Contribution
- Get paid
Encryption
- User has key
- Very strong
## Pros
- Users can share unused hard drive space
- Cheaper for people to store their files
- Decentralization and privacy
- Don't know the encryption level of Dropbox
- Very strong encryption, spread over multiple computers
## Cons
- Dropbox has huge ecosystem
- Not as many cool features as Dropbox / Google Drive yet
# Steem - STEEM (36)
## History
## Speed
[3 secs average](https://www.abitgreedy.com/transaction-speed/)
# Waves - WAVES (38)
## Videos
[Boxmining](https://www.youtube.com/watch?v=7VCtlMnvRXM)
## Focus
- Creating own tokens
## Key concepts
Create tokens
- Costs 1 wave to create a token
- For commodities
Smart contracts
- Non Turing-complete
## Pros
- Cheap transfers
## IoT smart contract platforms
# Waltonchain - WTC (47)
## Videos
[Ready Set Crypto](https://www.youtube.com/watch?v=gSh_ciRLHBI)
## Key concepts
Supply chain
RFID's
Parts
1. Production
2. Warehousing
3. Logistics
4. Stores
Enterprise Resource Planning (ERP)
- Already exist
- But centralized
- Putting onto a blockchain helps prevent counterfeits
Value Internet of Things (VOIT)
- Digitizing of assets + blockchains
## Use cases
- Baggage
- Deliveries
# VeChain - VET (18)
## Home
[vechain.org](https://www.vechain.org/)
## History
## Focus
- Supply chains
- Counterfiting
- Customer trust
## Key concepts
Supply chain tracking
- Track products on a supply chain
- Combined IoT with blockchain
- Digitizes the supply chain
Scanning
- Scan QR code / barcode
- App shows you everything you need to know about the product, including freshness
- Tracks entire supply chain
- Picks up data on products
- Customer can be sure that the info is accurate
Anti-counterfits
- Customers can check authenticity of products
Generic platform
- Dapps
- Smart contracts
- ICOs
Double tokens
- VET
- Thor Power Tokens (interest created from stored VET)
- TPT like GAS in Neo
- When Thor Power Tokens spent, 70% taken out of circulation
- 30% awarded to authority masternodes
Node types
- Economic (help with stability)
- Weakest to strongest
1) Strenght node
2) Thunder node
3) Mjolnir node
- Authority
4) Thrudhem node (authority masternode)
## Partnerships
- Renault
- PWC
- Quite a few others
## Speed
- [6 mins average](https://www.abitgreedy.com/transaction-speed/)
- 10k tx/s (eventually)
## Non-Turing-Complete platforms
*MANY OTHERS TOO*
# Zilliqa - ZIL (31)
## Videos
[Aimstone](https://www.youtube.com/watch?v=b3SyrPpFsWU)
## Key concepts
Smart contracts
- Not Turing complete
Sharding
Practical Byzantine Fault Tolerance
## Speed
- 2400 tps (3600 nodes)
## Pros
- High-profile fintech + banking experts partnerships + on team
## Multi-chain smart contract platforms
# Ardor - ARDR (63)
## History
- Nxt 2.0
- Nxt foundation
## Focus
- For business
## Speed
[60 secs average](https://www.abitgreedy.com/transaction-speed/)
## Key concepts
Solves blockchain bloat
Parent and child chain architecture
- Only parent involved in the consensus
- Smart contracts, etc, are stored on the child chains
- Applications, asset exchange, voting, marketplace
- Child chains can be pruned and removed from the blockchain
- Only keep a cryptographic proof that they ever existed
- New node only needs to d/l the transactions from the last 24 hours of the child chains
- Size of the blockchain does not grow linearly with time (like with other blockchains)
- Interesting applications
- Child chain can focus on a specific use case
-
# Lisk - LSK (21)
## History
- Many years in development
- Move to mainnet on Aug 29th 2018
## Videos
[CryptoMar](https://www.youtube.com/watch?v=3w7KrVPaF8o)
## Home
[lisk.io](https://lisk.io/)
## Key concepts
Blockchain platform
- Very similar to Ethereum
- Quite a few different use cases
SDK
- Sidechain development kit
- Not available at end of Aug 2018
- Not sure when it will be bready
Programming language
- JavaScript
- Ethereum uses Solidity
Side chains
- Lisk uses side chains
- Ethereum uses smart contracts
- All applications use their own separate blockchains
- Ethereum runs everything on the main blockchain
- Proof of work
- Proof of stake
- Not built into the main blockchain
Wordpress of blockchains
## Pros
- No congestion on the network for specific use cases
- Very customizable
- Great team
- Managing funds well
- Promoting their work, not the token, and let it speak for itself
# MOAC - MOAC (46) ***
## Home
[moac.io](https://www.moac.io/)
## Videos
[BlockWolf](https://www.youtube.com/watch?v=fU6m2mqGYec)
## History
## Comments
- Really interesting
- Could take the code and adapt it
- Check out the cross-chain stuff
- Genesis5 blockchain in Vision5
## Key concepts
Mother of all chains
- Bitcoin - coin
- Etheruem - own token
- MOAC - own blockchain
Tradeoff
- Scalability
- Security
- Decentralization (EOS more centralized)
MOAC puts itself in the centre
Solution
- Multi-chain architecture
- Sharding
- Main chain
- Microchains (different protocols / setups)
Cross-chain functionality
- Between different chains
Mining
- Micro chains (whatever their creators decide)
- Mother chain (PoW)
Inflation
- 150M now
- Max at 210M by 2058
## Problems
- Small team
- Not much money
- Open-source code just seems like solidity contracts
# Ontology - ONT (24)
## Home
[ont.io](https://ont.io/)
## Videos
[Legit Crypto](https://www.youtube.com/watch?v=GCdy-HD8OBA)
## History
## Similarities
Interblocknet
## Key concepts
Multi-chain
- Distributed trust and collaboration project
Blockchain customization
- Different public blockchains can be modified for different applications
Infrastructure
- ONT Blockchains
- ONT Blockchain Frameworks
- ONT Interaction Protocols
Modules and protocols
- ONT ID
- ONT Data
- ONT Scores (like credit score on the ONT blockchains)
Common applications
- ONTO (self soverign of digital signatures)
- ONT TSE (search)
- ONT DDXF (distributed exchange framework)
Scenarios
- Multi-source identity system for people
- " for objects
- Distributed data exchange
## Smart contract platforms
# Aeternity - AE (37) *
## Home
[aeternity.com](https://aeternity.com/)
## Videos
[Aeternity](https://www.youtube.com/watch?v=F9cqkdx1Llo)
## Solves
- Scalability
- Privacy
- Transaction speed
## Key concepts
State channels
- Interactions private, and off the main blockchain
- Instant and private interactions
- No limit to the volume of transactions that can be processed at the same time
- On-chain enforcement only upon disagreement of the smart contracts
- NICE!!!
Hybrid PoW-PoS system
- Consensus by PoW
- Can be mined on all devices, including smart phones
- Governance works on PoS model, based on prediction markets
Oracle machine
- Allow you to connect real-world data to smart contracts
- Any real-world data can be included
## Use cases
- Financial applications
- Supply chain management
- Information market
- Insurances
- Gaming
# Cardano - ADA (9)
## Home
[cardano.org](https://www.cardano.org/en/home/)
## Team
- Charles Hoskinson (Ethereum and Bitshares)
- Mathematician and entrepreneur
## History
- Launched in September 2017
- 2 years of development
- Built around peer-reviewed papers
- Claims to be 3rd generation of cryptocurrency
- 1 - Bitcoin
- 2 - Ethereum + smart contracts
- 3 - Cardano + Iota (future proof)
## Focus
## Scalability
Transactions / second
- Ouroboros
- Proof-of-Stake
- Time divided into epochs and slots
- Network elects a slot leader for each slot
- Only person that can mine a block for that slot
- Slot leaders listen for transactions, verify them, and put them in a block
- If slot leader doesn't show up, needs to wait until re-elected by the network
- Good scalability
- Can divide into more epochs / slots
- Can run multiple epochs in parallel
Network bandwidth
- P2P network
- Each peer in the network receives copy of all new transactions (not scalable)
- Recursive InterNetwork Architecture (RINA)
- Subnetworks that can communicate with each other if necessary
Data storage
- Pruning
- Compression
- Partitioning
- Will tackle this problem in 2018 / 2019
## Interoperability
Many cryptos
- Trying to be the "Internet of blockchains"
- Direct competitor to Interblocknet ???
Banks and governments
- Metadata for transactions
- From whom?
- To whom?
- For what reason?
- Opt-in
- Allow user to choose if they want to put this info in
- Would help make crypto world play nicer with the traditional banking world
## Sustainability
Raise money with ICO
- Not sustainable
Treasury
- Receives a small fee for every transaction on the network
- Developers petition improvement proposals
- Community votes on the best ideas
- Continuous improvements
## Speed
[5 mins average](https://www.abitgreedy.com/transaction-speed/)
## Price
- Jan 2018 $32B
- Aug 2018 $2.3B
## Quotes
Dan Larimer : Cardano is a 400lb bullet-proof vest that doesn't stop bullets
Mark Zuckerberg : Great ideas are not fully formed until you start working on them
## Problems
- Too academic
- Too much peer review
- Needs to get out there first
# Dfinity **
## Home
[dfinity.org](https://dfinity.org/)
## Contact
hello@dfinity.org
## Videos
[DFINITY](https://www.youtube.com/watch?v=kyCfGRZaDnw)
[Coin Crunch](https://www.youtube.com/watch?v=bxfIW6HuwVI&t=4s)
## Focus
- Internet computer
## Key concepts
Threshold cryptography
Hundreds of nodes
Language-agnostic
- Will be able to run lots of different languages
Capability-based security
Gas
- Like in Ethereum
Wasm
- Like EOS
## Speed
- 2 blocks for finality
- 1s total
# EOS - EOS (5)
## History
## Speed
[1.5 secs average](https://www.abitgreedy.com/transaction-speed/)
# Ethereum - ETH (2)
## Plasma network
## Pros
- Big market
- Big purchasing and marketing power
- A lot of developers
- Decentralized (companies like Consensus)
- Fastish (15s/transaction)
## Speed
[6 mins average](https://www.abitgreedy.com/transaction-speed/)
# Ethereum Classic - ETC (13)
# ICON - ICX (29)
## Home
[icon.foundation](https://icon.foundation/?lang=en)
## Videos
[Daily Deals with Tim](https://www.youtube.com/watch?v=c-pgH-gpjXk)
Team
- 35 when started
## Focus
- Connect institutions through a blockchain network
## Key concepts
Hyperconnect the world
- Building a large decentralized network
- Aims to connect real-life institutions, starting in Korea
- Banks
- Securities
- Insurance
- Hospital
- Universities
- more
- The public
Smart contract
Loopchain
- Connect together
- ID, DAPP, DEX
- Fully compatible with Bitcoin, Ethereum ...
## Partners
- Loop (major Korean blockchain company)
- Davinci (leading AI company)
# IoT Chain - ITC
## Home
[iotchain.io](https://iotchain.io/)
## Videos
[The Crypto Lark](https://www.youtube.com/watch?v=BE8Gf-6sfJ4)
[Interview with CEO](https://www.youtube.com/watch?v=LwFTdGBW4M0)
## Focus
- Chinese team
- Focused on the Chinese market
- Based in Singapore
- Security
- Stability of the network
- Controlling your own data
- AI (promoting through data collected from the devices intercommunicating)
## Awards
- Blockchain excellence award
- Davos World Economic Forum (2018)
## Key concepts
Hybrid model
- DAG with PBFT
- Practical Byzantine Fault Tolerance (like Neo)
- Fast and secure
- Protect data ownership
- Simpl payment verification
Hardware chip
- Not just software - also a hardware chip
- Solid chip creators
- Plug and play devices
## Tokens
- ERC-20 token
- Swap for the mainnet when it comes out
Intelligent network
- Intelligent lighting
- Intelligent transportation
- Medical care
- Intelligent household applicances
- Intelligent factories
- New energy
Right to use
- Base on the ITC token
Data ownership
- All devices will generate data
- That data can be sold for ITC tokens
- Companies buy the data
- Usually private, but can say who it pertains to
- IOTA not have this
Witness nodes
- No master nodes
-
## Scalability
- Testnet doing 10000 tx/s
- 100000 tx/s when have mainnet
## Fees
- When send money, incurs a fee
- Turning on/off smart lights does not incur a fee
- Sending the data + trading in does incur a fee
- Low fees?
- IOTA not have this
## Pros
- Lots of top, experienced people
- Seem intelligent
- Aiming for Chinese market
- Testnet seems solid (we'll see how the mainnet goes)
- Hardware integration
- Lots of experience with smart hardware architecture
## Interesting ideas
- Working with an umbrella-sharing cooperative
# NEO - NEO (15)
## History
## Speed
[15 secs average](https://www.abitgreedy.com/transaction-speed/)
# Qtum - QTUM (26)
## Home
[qtum.org](https://qtum.org/en)
## Videos
[Crypto Coins](https://www.youtube.com/watch?v=V-oRTGWg0U8)
## History
- Singapore Qtum Foundation
- Crowdsale in March-April 2017
## Focus
- Industry use cases
- Mobile telecommunications
- COunterfeit protection
- Finance
- Industrial logistics
- Manufacturing
- Low bandwidth
- Run on toasters ?
## Key concepts
Hybrid
- Bitcoin
- Ethereum
- Proof of Stake
- Take the best parts of Bitcoin, Etherum etc
Qtum Go Mobile
- First decentralized use by mobiles
Account Abstraction Layer
- Allows for multiple virtual machines
- Including Ethereum Virtual Machine
- Bridge between EVM and Unspent Transaction Output model of Bitcoin
Oracles and datafeeds
- Allow developers to create smart contracts built around trusted sources of information
## Use cases
- Best parts of Bitcoin and Ethereum and combine into a business-friendly model
- Integrates nicely with IoT
## Pros
- Compatible with major existing blockchain ecosystems
- Can run on mobile devices (check???)
- Lots of nodes (6023) - could be because of bitcoin?
# RChain - RHOC (50)
## Home
[rchain.coop](https://www.rchain.coop/)
## Videos
[i like money](https://www.youtube.com/watch?v=k_20RYCkXmY)
## Key concepts
Smart contracts
100,000 TPS
RhoLang
- Custom programming language
- Supposedly fast and secure
-
Platform
- Scala
- MongoDB !!!
- P2P
Industrial-sized applications
Concurrent
- Not parallel
# Stratis - STRAT (49)
## Videos
[David Hay](https://www.youtube.com/watch?v=KCABIodGhBg)
## History
## Use cases
- Help prevent corruption
- Records with lots of value
- Birth records
- DMV
- Banking
- Probably not for database / storing session data ...
## Key concepts
Smart contracts
C# & .Net
## Speed
[6 mins average](https://www.abitgreedy.com/transaction-speed/)
## Cons
- Bill users on a subscription-based model
# Tezos - XTZ (19)
## Home
[tezos.com](https://tezos.com/)
## Videos
[Aimstone](https://www.youtube.com/watch?v=It96bIBPXZ0)
## History
- Developed since 2014
## Team
- Founders
- Arthur Breitman
- Kathleen Breitman
## Focus
## Key concepts
Commonwealth
- DAO
Smart contracts platform
- Like Ethereum
Upgrade process
- On-chain governance
- Doesn't require a fork
- Hard forks as a last resort
Compensation structure
- proposals for upgrading the platform / protocol
Consensus protocol
- DPoS
Smart contracts
- Written in Michelson
- Facilitates formal verification of code mathematically
- Little room for errors, e.g.
- Medicine
- Aeroplanes
- Nuclear reactors
## Cons
- Can be difficult for programmers to understand the full process of formal verification of code
- Can lead to a false sense of security
# Tron - TRX (11)
## Home
[tron.network](https://tron.network/index?lng=en)
## History
- Beijing, 2014
- May 31 2018 Mainnet launched
## Team
- CEO Justin Sun
- Founded Peiwo APP
## Videos
[Legit Crypto](https://www.youtube.com/watch?v=yp5dauagqEc)
## Key concepts
Decentralized entertainment system
Premium content
- People pay for premium content using TRX
- Similar to Steemit using Steem token
Token creation
- Like on Ethereum
- Also Lisk, eventually
- Create own ecosystem inside Tron
Ecosystem
- A bit like Web5
## Speed
- [5 mins average](https://www.abitgreedy.com/transaction-speed/)
- 2000 tx/s?
## Pros
- Not focusing on just profits
- Want to create things that are of benefit to the community
## Coins
# Aeon - AEON
## History
- Fork of Monero
## Focus
Privacy coin
Differences to Monero
- Mobile-friendly
- Different PoW (speedier)
- Fast-syncing
- Lightweight transfers
## Speed
240s block time
# Bitcoin - BTC (1)
## History
- Originally had no block size limit
- Malicious actors created fake, long data, as a form of DoS
- The fake blocks would be detected, but take a long time to be detected, slowing down the system
- 1MB block size limit introduced through a soft fork
## Key concepts
FlexTrans
- Flexible Transactions
- Backwards incompatible
- Changes how they are described to a tag system
Lightning Network
- [25/08/2018](https://cryptobriefing.com/whats-holding-back-the-lightning-network/)
- Success rate low, especially for larger amounts
- \>$200 = 1% chance
- \>$20 = 5% chance
- Chooses optimal path through thousands of intermediaries
- Because intermediary nodes need to be online, effectively centralize around a few hubs
## Speed
[78 mins average](https://www.abitgreedy.com/transaction-speed/)
# Bitcoin Cash - BCH (4)
## Key concepts
Block size
8MB
## Speed
[60 mins average](https://www.abitgreedy.com/transaction-speed/)
## Problems
- Think that all scaling should be done on the main blockchain
- Direct competitor to Bitcoin, and will likely lose
- Bitcoin has better scaling plans
# Bitcoin Diamond - BCD (44)
## Home
[btcd.io](https://btcd.io/)
## Videos
[The Naughty Investor](https://www.youtube.com/watch?v=oLvmv3BRxos)
[The Crypto Lark](https://www.youtube.com/watch?v=fV810nd37Nc)
## History
- Bitcoin hard fork
## Team
- Hidden on site
## Focus
- Privacy
## Key concepts
Increased supply
210M tokens, not 21M
Mining algorithm
- Great for GPU miners
10min, 8MB, segwit
Encryption
- for privacy
- Algorithm?
## Cons
- Not solving a problem
- Don't know who team is
- Seems like a pump and dump scheme
- More Bitcoin forks on the way
- Plenty of privacy coins
# Bitcoin Gold - BTG (28)
## History
- Hard fork from Bitcoin
- October 24th 2017
## Key concepts
Equihash
- PoW
- Memory-oriented
- Zcash too
- Security, privacy, ASIC miner resistance
- Uses graphics processors
## Problems
- May 2018 Double spend (51% attack)
- $18.6m USD transferred to Cryptocurrency Exchange
- Then reverted in public ledger
- Two other cryptocurrencies too
- Equihash-based
- No longer ASIC resistant
- Bitcoin Gold
- ZenCash
- Zcash
- Litecoin Cash
# Bytecoin - BCN (27)
## Videos
[Boxmining](https://www.youtube.com/watch?v=m07_DoWIWiY)
## History
- Started in 2012
- Long history in privacy coin space
## Focus
- Privacy
- Anonymous transactions
## Key concepts
Proof of work
Protections
- Protects wallet ID
- Protects the amount being sent
Algorithm
- Cryptonote
- Resistant to ASICs
- Minded by GPUs and CPUs
Based on Cryptonote
- Note based on Bitcoin
- Concepts of emission
## Similar coins
- Monero
- Digital note
- Pebblecoin
- Dash
## Speed
- Mined every 2 mins
## Problems
- Was a bug in cryptonote that allowed people to create lots of money out of nothing
- Was patched in Monero and Bytecoin (Cryptonote too???)
# Dash - DASH (14)
## Home
[dash.org](https://www.dash.org/)
Digital Cash
## History
- Launched as Xcoin in Jan 2014
- Darkcoin soon after
- Dash in March 2015
## YouTube
[Private send explained](https://www.youtube.com/watch?time_continue=189&v=vgCId3wJc5Y)
## Focus
- Privacy
- Transaction speed
- Decentralized governance
## Key concepts
## Participants
- Wallet-holders
- Miners
- Master nodes
## Master nodes
- Participants that put up min of 1000 Dash coins as collateral
- Rewarded for providing additional level of governance to the network
- Private send
- Instant send
- Decide how funds in the treasury are spent
## Block reward splits
- 45% to miners
- 45% to the master nodes
- 10% to the treasury
Treasury
- Funds projects that further the Dash platform
- Voted on by the master nodes
Private send
- Mixes transactions from multiple inputs to multiple outputs
- Small fee by master nodes
- Transaction amounts must be multiples of pre-determined amounts to allow for efficient mixing
- 0.01, 0.1, 1, 10 DASH
- Used OpenSSL rand bytes to select a master node to do a mixing request
- Doesn't use recently used master nodes
- Request sends denomination(s) and amounts, plus fee to master node
- Various amounts added to the mixing queues
- 3 participants required for a mix
- Sends input addresses and output addresses (empty?)
- Transaction created
- Sent initially to just the three inputs
- Wallets check the transaction is correct and honest
- Outputs = inputs
- Input and output addresses are accurate
- Won't know the inputs and outputs of the other 2 people in the transaction
- Once checked, each wallet signs with their private key
- Each signs saying it's OK to send without the other two knowing the private key
- Once all 3 OK the transaction, broadcast to the network for real
- If things are changed, the signatures will be invalid, and transaction won't go through
- In pending until goes through
- Process can be repeated up to 8 times
- Size of the uncertainty set increases
- Collateral usually sent back
- 1/10 times it's kept, to prevent abuse
Instant send
- Near instant transactions
- Lock inputs while being written to the blockchain
## Speed
- [15 mins average](https://www.abitgreedy.com/transaction-speed/)
- Transaction takes a few seconds
- Confirmation takes a few minutes
- Instantx - a second
# Digibyte - DGB (35)
## Videos
[Decentralized TV](https://www.youtube.com/watch?v=yadVSDiBxqg)
## Key concepts
Altcoin
Super secure
- Same as for nuclear codes
# Dogecoin - DOGE (34)
## Home
[dogecoin.com](https://dogecoin.com/)
## Videos
[Andrew Sauls](https://www.youtube.com/watch?v=07h_-MgDrZQ)
[David Hay](https://www.youtube.com/watch?v=hssvr39rD9Y)
## History
- 2013
- Billy Marcus
- Wanted something other than for the Silk Road
- "Fun" cryptocurrency
- Started as a joke
- Done stuff for charity
- 2014 price shoots up
- Bitcoin plummets
- All others too
- Early 2017 crypto prices start to rise again
## Key concepts
Privacy
Microtransactions
- Very low fees
- Very functional
- Good for tipping
Support
- Doge4water
- NASCAR
- Jamaican Bobsled team 2014 fund-raiser
## Use cases
- Tipping, especially on
- Reddit
- Twitter
- Twitch
## Competitors
- Redcoin
## Speed
[1 min average](https://www.abitgreedy.com/transaction-speed/)
## Pros
- Widely used
- Low fees
- Very functional
# Decred - DCR (30)
## Home
[decred.org](https://www.decred.org/)
## Videos
[Daily Deals with Tim](https://www.youtube.com/watch?v=aV6CsfZ19Yk)
## Key concepts
Decentralized credit
Community-based governance in the blockchain
Hybrid mining system *
- Provide a balance between the miners and the users
Development
- Anyone can submit feature proposals
- Funding comes from the blockchain
Governance
- Layered
- Extends beyone the miners and users
- Complicated, but seems interesting
Decred Constitution
- Comprehensive
- Seems good
Payments to Litecoin
- Instananeous
- Low fees
## Pros
- Seems a bit more stable than many coins
- Very open about where the %'s of coins come from
- Allows anyone to participate in ecosystem
- Lots of info
## Cons
- A bit complicated
# Electroneum - ETN
## Videos
[Cointelegraph](https://www.youtube.com/watch?v=FQdSShCgOyQ)
## History
- First British crypto
- Fork of Monero
## Focus
- Mobile gaming
- Online gambling
## Key concepts
App
Simplicity
- Take technical out of technical knowledge
- And knowledge ;-)
QR code scanning
- For sending and receiving
Anonymity
## Speed
[75 mins average](https://www.abitgreedy.com/transaction-speed/)
## Problems
- DDoS hack that kept people out of wallet for several days
- Slow takeoff
## Investment
- Worst
- Much lower than when started
# Horizen / Zencash - ZEN
## Home
[horizen.global](https://www.horizen.global/)
## Videos
[Decentralized TV](https://www.youtube.com/watch?v=_tKOkzwm9hw)
## History
- Formerly Zencash
## Focus
- Privacy
- Scalability
## Key concepts
Anonymity / privacy
- To a degree?
Zk-snarks
- From Zcash
IPFS
- Used to publish info anonymously ???
Secure
- 7000 nodes
- Node-to-node encryption
## Problems
- 51% attack (June 2018)
- Confusing how it can be used
## Pros
- Relatively stable price compared to many
# Litecoin - LTC (7)
## History
- October 2011
- Charlie Lee created it
- May 2017 became first of top 5 cryptocurrencies to adopt segregated witness
- Later in May first transaction on the Lightening Network
## Key concepts
Bitcoin code
- Just a modification of the original Bitcoin code
- Not
Block time
- Reduced block time from 10m to 2.5m (compared to Bitcoin)
- Quicker transactions
- Lower costs for transactions
Algorithm
- First crypto to use s-criyt algorithm
- See miner
Different kind of miner
- When Bitcoin became popular, lots of hardware to specialize in SHA256
- Took the emphasis away from desktop computers to ASIC's
- Litecoin needed to use a different kind of miner (desktop, for longer)
Specialized hardware
- Antminers
Speed of change
- General faster to adopt new technologies than Bitcoin
- Reached a consenus about segwit and the Lightening network long before Bitcoin
- Bitcoin like a giant tanker, and Litecoin like a speedboat
## Videos
[David Hay](https://www.youtube.com/watch?v=6s74RCgcrG4)
## Speed
[30 mins average](https://www.abitgreedy.com/transaction-speed/)
## Pros
- People in the Bitcoin camp say 'see what happens on Litecoin first'
- Leader in the older blockchain technologies
## Problems
- Growth could be slowed by advances in Bitcoin
- Benefits of Litecoin over Bitcoin less than in past because changes have been made
- Depends on if transaction times and fees go down with the Lightening network
# Monero - XMR (10)
## History
## Speed
[30 mins average](https://www.abitgreedy.com/transaction-speed/)
# Verge - XVG (41)
## Home
[vergecurrency.com](https://vergecurrency.com/)
## Videos
[Financial Responsibility](https://www.youtube.com/watch?v=-eaJxqDhGUg)
## Focus
- Privacy
## Key concepts
Proof of work
- 5 different algorithms
Stealth addresses
- Dash no
- Verge yes
## Problems
- Hacked twice
- 51%
- Not much development?
## Pros
- Cheap
# Zcash - ZEC (20)
## Home
[z.cash](https://z.cash/)
## Videos
https://www.youtube.com/watch?v=-xDXiJ0i-zQ
https://www.youtube.com/watch?v=EufN7C-0fy4
## History
- Not an open-source community
- Company
- 10% of coins for funding
- 1% to non-profit organizations
## Team
- Zooko Wilcox
## Focus
- Anonymity (parties, transaction amounts)
## Key concepts
Anonymity
- All information is encrypted
- Sender
- Recipient
- Values
Zero-knowledge cryptograpgy (Zk-snark)
- NOT AUTOMATIC
- Proof-of-Construction
- Allows the network to maintain a secure ledger of balances
- Does not disclose parties or amounts involved in transactions
- Uses zero knowledge proofs / cryptography
- Needs to satisfy certain parameters
- Completeness (if true an honest verifier can be convinced by an honest prover)
- Soundness (if prover dishonest, verifier can't be convinced)
- Zero-knowledge (if statement true, the verifier won't know what the statement says)
Founders reward
- Tax on mining rewards
Bitcoin HTTP, Zcash HTTPS
Transaction types
- Transparent
- Shielded
Address types
- Transparent (T-) Addresses
- Shielded (Z-) Addresses
- Online wallets tend to only support T-Addresses
- Hardware wallets only T-Addresses
- Exchange wallets only T-Addresses
- Need to run local wallets for full private wallets
## Speed
[15 mins average](https://www.abitgreedy.com/transaction-speed/)
## Questions
- Details of the ZK-snark algorithm
## Lists
# Cryptonote coins
https://cryptonote.org/coins/
- Bytecoin - BCN
- Boolberry - BBR
- Dashcoin - DSH (not DASH)
- DigitalNote - XDN
- DarkNetCoin - DCN
- Fantomcoin - FCN
- Monero - XMR
- Pebblecoin - XPB
- Quazarcoin - QCN
- AEON
- DoctorByte (DB)
- Infinium-8 (INF8)
- MonetaVerde (MCN)
- Dosh (DOSH)
- Magnatoj
- RedWind (RD)
- Tavos (XTV)