Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Vesel on March 11, 2017, 12:12:26 PM



Title: Which altcoins are the most scalable?
Post by: Vesel on March 11, 2017, 12:12:26 PM
Seeing as there is no solution on the horizon for the congestion on the Bitcoin network, I want to diversify my portfolio into some crypto currencies that are more scalable. I wonder which altcoins have the highest transaction capacity. I also wonder how Ethereum and Dash specifically would do if they had the number of transactions that bitcoin has x 10.


Title: Re: Which altcoins are the most scalable?
Post by: Red-Apple on March 11, 2017, 12:37:57 PM
Seeing as there is no solution on the horizon for the congestion on the Bitcoin network,
even if this were true, you still have a better "portfolio" with only bitcoin :)

Quote
I want to diversify my portfolio into some crypto currencies that are more scalable.
if you want profit since you are calling it portfolio then all the altcoins are viable options, and scalability of them is irrelevant.

Quote
I wonder which altcoins have the highest transaction capacity.
there are a lot of altcoins with faster block generation (which is causing lots of other troubles by the way) but it has some more "capacity potential"!

closest example: Litecoin

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I also wonder how Ethereum and Dash specifically would do if they had the number of transactions that bitcoin has x 10.
i also want to know this :)
also would love knowing how they are going to handle the big size of their blockchain after 8 years when it was x10


Title: Re: Which altcoins are the most scalable?
Post by: cryptohunter on March 11, 2017, 01:01:12 PM
I had read once that BBR would have been a useful coin due to the pruning element. However since I am not technical in anyway this may not have been exactly as it seems. You would need to investigate more yourself. I know the original developer was highly talented according to many but he is not that active in the community now it seems.

I'm not 100% sure but I think bitbay has some plans for this too.

Decred another one, Vcash died but some believe he had some good tweaks before pulling the rug out.

I'm throwing out names for you to investigate or ask others about only.

Pascal apparently could have something interesting and byteball.

Not being technical it seems to me that scaling... handling huge amounts of tx mostly leads to huge blockchains so only pruning so far can help. Although how it works I am not sure.

cryptonite was another mini blockchain one

steem is an advanced pos design perhaps? as was bithshares (seems abandoned now as dev went on to steem) i think they can handle more tx

I have some of each of these anyway the only one I increase holdings  in most months is bitbay.. just because the developer has proven staying power and lots of coding/design skill.

PIvx another interesting coin but again not sure it solves the issues bitcoin has

emunie is one people are waiting for but it may be a while longer and not sure how much longer it will be.

SM has a project coming but that is still in the design phase I believe and could take a while to be released.





Title: Re: Which altcoins are the most scalable?
Post by: Vesel on March 11, 2017, 01:05:27 PM
Seeing as there is no solution on the horizon for the congestion on the Bitcoin network,
even if this were true, you still have a better "portfolio" with only bitcoin :)

Quote
I want to diversify my portfolio into some crypto currencies that are more scalable.
if you want profit since you are calling it portfolio then all the altcoins are viable options, and scalability of them is irrelevant.

Quote
I wonder which altcoins have the highest transaction capacity.
there are a lot of altcoins with faster block generation (which is causing lots of other troubles by the way) but it has some more "capacity potential"!

closest example: Litecoin

Quote
I also wonder how Ethereum and Dash specifically would do if they had the number of transactions that bitcoin has x 10.
i also want to know this :)
also would love knowing how they are going to handle the big size of their blockchain after 8 years when it was x10
No, any altcoin won't just do. I'm looking specifically for promising altcoins that are scaleable, because I consider them to have the most potential in the event of Bitcoin losing market share big league due to the ever increasing transaction times and fees.


Title: Re: Which altcoins are the most scalable?
Post by: mining1 on March 11, 2017, 01:10:24 PM
No altcoin is currently scalable. Ethereum is probably the only project that has all the incredients to make it work: funds, a huge capable development team, a roadmap, plans how to scale it ( securely ) and support and backing from corporations and institutions.


Title: Re: Which altcoins are the most scalable?
Post by: Peachy on March 11, 2017, 02:15:58 PM
emunie is one people are waiting for but it may be a while longer and not sure how much longer it will be.


Not much longer thankfully. 
Expect to see some substantial news releases and project plans within the month.

Relevant:
https://www.exponentialinvestor.com/can-man-kill-bitcoin/ (https://www.exponentialinvestor.com/can-man-kill-bitcoin/)


Title: Re: Which altcoins are the most scalable?
Post by: Coinster on March 11, 2017, 03:27:22 PM
Seeing as there is no solution on the horizon for the congestion on the Bitcoin network, I want to diversify my portfolio into some crypto currencies that are more scalable. I wonder which altcoins have the highest transaction capacity. I also wonder how Ethereum and Dash specifically would do if they had the number of transactions that bitcoin has x 10.

You probably want to look at more factors than block size handling. For example, Bitcoin in theory could handle millions more users easily if the Lightning Network was successfully rolled out. I actually think Litecoin may rise on the capacity issue. Litecoin is pretty much exactly Bitcoin, but with built-in 4 times more on-chain capacity, because blocks are 4 times faster. Litecoin devs have committed to follow Bitcoin's development too, which means implementing SegWit, which provides up to another 4X capacity. Then if you add in Lightning Network and other scaling technologies on top you really have a lot of capacity on a very old and established coin, which is probably the fairest launched and best distributed coin (including better initial distribution than Bitcoin).


Title: Re: Which altcoins are the most scalable?
Post by: Zencash on March 11, 2017, 05:38:57 PM
Well Zcash technology is very solid, and its new fork ZENCASH is lowering the dev reward and giving a reward for nodes to enhance scalability.

Check it out! https://zencash.io/


Title: Re: Which altcoins are the most scalable?
Post by: mobnepal on March 11, 2017, 06:52:30 PM
No altcoin is currently scalable. Ethereum is probably the only project that has all the incredients to make it work: funds, a huge capable development team, a roadmap, plans how to scale it ( securely ) and support and backing from corporations and institutions.
But with every new fork there is also possibility of splitting of ETH network just like how DAO disaster lead to ETH and ETC split. Main problem about ethereum is they have centralized ethereum foundation controlling all the developments.  ;D

There is an article about alts with faster confirmation here https://themerkle.com/4-cryptocurrencies-with-much-faster-block-times-than-bitcoin/



Title: Re: Which altcoins are the most scalable?
Post by: nomar86 on March 11, 2017, 07:14:46 PM
Gulden (NLG). The team is great. There are enough funds. Community is really big & keeps on growing. Real users. Roadmap looks promising etc etc.


Title: Re: Which altcoins are the most scalable?
Post by: klarki on March 11, 2017, 07:30:52 PM
What specifically do you mean by scalability?


Title: Re: Which altcoins are the most scalable?
Post by: d5000 on March 11, 2017, 07:37:24 PM
There are three different "scalability problems" that can be addressed in a different way.

First, the storage space it needs on full nodes. Fortunately, in this aspect many coins (at least all newer ones with Bitcoin-0.11+ based code) are scalable because they have built-in pruning functions, and HD space is getting rapidly cheaper.

Second, the upload bandwidth needed to propagate blocks. Here, the smaller the blocks, in theory, the faster the propagation - but coins with a low time interval between blocks carry a high orphaning risk. From my limited understanding, that's the point where "DAG" Coins like IOTA and Byteball could excel (if they really work as intended, as both alpha versions are still centralized). Also, the "Xthin Blocks" feature of Bitcoin Unlimited may fit here.

Third, the download bandwidth and CPU capacity needed to download and validate the blockchain. That's a major problem if we talk about really big user bases (>10-20 million users) and >1TB blockchains. I think that is the major scalability problem regarding mass adoption, the two others are less important.

For the third problem, a support for decentralized sidechains is, in my opinion, the best solution, as with sidechains not all nodes have to download all blocks. There are currently two projects I know with hard-coded sidechain functionality: Lisk and Ardor. Both, unfortunately, at this moment don't support pegged sidechains with price-equivalent tokens. Pegged sidechains are possible with every turing-complete Smart contract platform, e.g. Ethereum, Burst and Qora.


Title: Re: Which altcoins are the most scalable?
Post by: dwgscale11 on March 11, 2017, 07:44:57 PM
Litecoin


Title: Re: Which altcoins are the most scalable?
Post by: n691309 on March 11, 2017, 10:40:52 PM
Seeing as there is no solution on the horizon for the congestion on the Bitcoin network, I want to diversify my portfolio into some crypto currencies that are more scalable. I wonder which altcoins have the highest transaction capacity. I also wonder how Ethereum and Dash specifically would do if they had the number of transactions that bitcoin has x 10.

It's early to think for Dash to be included in the list of most scalable altcoins, I would consider the first one Litecoin, then after this, I would count Ethereum, it has really a good potential to be more scalable than it is now even though many coins operate on ethereum technology or infrastructure, another one which I expected in the future is Waves and Lisk but still too early.


Title: Re: Which altcoins are the most scalable?
Post by: XbladeX on March 11, 2017, 10:44:20 PM
Seeing as there is no solution on the horizon for the congestion on the Bitcoin network, I want to diversify my portfolio into some crypto currencies that are more scalable. I wonder which altcoins have the highest transaction capacity. I also wonder how Ethereum and Dash specifically would do if they had the number of transactions that bitcoin has x 10.

Nem DEVS shown tests with 1200 tx/s on new core engine "catapult",
they write that maximum transactions depend mostly on RAM usage.
They can go for 10 000 with shit load of ram and disk space :)

***

But mosts calable will be solution without blockchain ;) becouse blockchain needs:
Diskspace /bandwith / cpu power / high ram.

Today centralized systems like Visa with one BIG server is most scalable.
With decentralized systems you have to many bottlenecks.


Title: Re: Which altcoins are the most scalable?
Post by: Vesel on March 11, 2017, 11:08:54 PM
No altcoin is currently scalable. Ethereum is probably the only project that has all the incredients to make it work: funds, a huge capable development team, a roadmap, plans how to scale it ( securely ) and support and backing from corporations and institutions.
Yeah, I already invested in ETH, because I think it is a promising altcoin as well, for various reasons:
-already the largest altcoin by far, at least measured by market cap. Great for the network effect.
-active development
-receives praise from the usually very sober mainstream press, like Bloomberg
-transparent transactions, like with Bitcoin. No anonymity features, which would make it another niche coin for criminals and others with something to hide.
-smart contracts is a genuine invention and may become high in demand
-fast and cheap transactions, at least for the time being.

I'm just not sure how ETH would handle BitCoin like traffic.

Gulden (NLG). The team is great. There are enough funds. Community is really big & keeps on growing. Real users. Roadmap looks promising etc etc.
I'm not investing in national crypto currencies. That's like taking one step ahead and then two back. The future is global.

What specifically do you mean by scalability?
The ability of the crypto currency to handle a large number of transactions in a timely manner for low or non-existing transaction fees.

Litecoin
I'm not investing in a dead crypto currency either. AFAIK Litecoin is just a copy of BitCoin with some tweaked parameters.


Title: Re: Which altcoins are the most scalable?
Post by: dopamine on March 11, 2017, 11:25:51 PM
No altcoin is currently scalable. Ethereum is probably the only project that has all the incredients to make it work: funds, a huge capable development team, a roadmap, plans how to scale it ( securely ) and support and backing from corporations and institutions.

 I would stay away from ETH instead would choose ETC. Unlimited supply is called inflation.


Title: Re: Which altcoins are the most scalable?
Post by: mining1 on March 12, 2017, 12:40:07 AM
What ? It's the other way around. ETH will have about ~100mil tokens and then go to POS with an inflation rate close to 0. ETC will continue to be POW like BTC and will have 200-230mil tokens.


Title: Re: Which altcoins are the most scalable?
Post by: nomar86 on March 12, 2017, 12:54:11 PM

Gulden (NLG). The team is great. There are enough funds. Community is really big & keeps on growing. Real users. Roadmap looks promising etc etc.
I'm not investing in national crypto currencies. That's like taking one step ahead and then two back. The future is global.

Thing is lot of people think NLG is a national crypto... but its NOT  :)


Title: Re: Which altcoins are the most scalable?
Post by: Qartersa on March 12, 2017, 03:02:48 PM
I don't think you should consider transaction capacity as the factor you want to consider when you diversify. I would say that only bitcoin is the most congested due to the number of users and some possible attacks on the blockchain. So far, I think every other altcoins are not congested. A better measure is volume of it and how volatile it is.