Bitcoin Forum

Disclaimer: This list is for my personal use only and not intended as investment suggestion. Do your own exhaustive research. By reading this post you accept to take your full responsibility for any decision you can make.



I'd like to create a list of truly decentralized altcoins.

My criteria are:
- open source code
- no ICO
- no presale
- no premine since the beginning
- no instamine
- no orphaned blocks for everyone during the launch
- no source files published after launch
- no initial low difficulty
- not a token
- decentralized organizational structure
- no "owner" or individual/group/company holding the majority of the stock
- has a not moderated announcement on the platform not controlled by the coin owners/community/devs
- no unknown platforms announcement
- no roll-backs or patches to recover coins,
- no connection issues soon after launch
- no last minute ANN
- announcement published in English
- no founder's rewards
- no dev fees
- no automatic allocation of funds by the code to dev team, yes to the community decided distribution of funds
- traded on a trustless crosschain exchange (https://bitcointalk.org/index.php?topic=5141350)

Please mention a currency that in your opinion fits into above criteria.
If you don't agree with criteria we can discuss them here as well and your opinion is welcome.
 
The result of this research:
- seems like at the moment there is no currency fitting into above criteria. Once BarterDex will release their v2 DEX we'll have new candidates to evaluate.

Here is the list of the coins that are compliant to all the above criteria except the last one:

1) Coins with the 24H volume over 1 BTC
- Monero (traded on Bisq)
- Vertcoin* (tradable on BlockDx, will be potentially tradable on BarterDex v.2)
- Ravencoin (tradable on BlockDx, traded on Crypto-bridge)
- Dogecoin (tradable on BlockDx, traded on Crypto-bridge)
- Namecoin (tradable on BlockDx)
- Grin (tradable on Bisq)
- Aeon (potentially tradable on Bisq)
- Burst (they are working on their own Dex)
- Blackcoin (was potentially tradadble on the v.1 of Barterdex)
- Peercoin
- Primecoin

2) Coins with the 24H volume between 1 and 0.5 BTC
(work in progress)

Small coins suggested by the participants of this discussion that fit into our criteria:
- Datacoin (was tradable on BarterDx v.1)
- B3Coin (they are working on their own Dex)
- Slimcoin
- Pandacoin


______________
* Vertcoin has 150 coins of test premine pre-announced since the beginning

Since you are the one that want to create a decentralized platform list, I don't see any reason why you will begin to ask us to tell you name of coins we think it's decentralized, how will you know when a coin is fully decentralized when you haven't studied it's code on github to see how it was developed, you can only create a list of truly decentralized blockchain only if you can be able to read the github code of all the blockchain project we have in existence.

The above criteria let us reduce the full 4K-5K list of existent coins into a very short one. At the moment I'm working on 180 coins  that can possibly enter into this elite group of fair coins.
And I suspect that among all that 180 coins I'll find no more than 20 that are within the above criteria.
To make analysis of the code of 20 coins is not that big deal, I guess.
But let me please understand better your idea, what would you exactly look for into the coins code?

If I'm correct GRIN is one of them. There was no ICO, premine in its. People started to mine from the very beginning. I can give you some more of this types once I check the CMC list. Maybe I will update once I get enough time.

I thought that the only coin that meets your requirement is the only dogecoin. Most of the other coins are having pre mine. We are talking about a coin that included in top 100 CMC.
No premine, Decentralized, not a token and build on its own blockchain, and it doesn't even have an owner.

(bitcoin is obvious so i won't mention it!) you forgot about litecoin if you are only talking about the top 100 big market cap coins. it had no premine and it is a stand alone blockchain with no ICO or any centralization.

i am very interested in seeing OP's list though. please make sure to share it with us.

Good thinking there are alot of coins which have no ICO but majority are premine, Dogicoin is good example ,Veil is also promising,privacy coin without ICO.

Same here mate, I am too interested to see the whole list. I think it will be great for investors to choose some good altcoin for the bullrun.
I can't remember exactly but I will too contribute with OP.

I do not know if these cryptocurrencies meet all requirements but they are no pre-mined, no-ico, own blockchain:
VEIL, Synchrotroncoin, Grin.

Grin is on my list. I haven't studied it into depth at the moment, but I'll put it here as most probably it's inside of criteria.
What is the DEX with some volume where you can trade GRIN?

I don't really see a coin with no premine and with a DEX exchange. Some have a true DEX exchange like Komodo and Ethereum.
But they did have ICO and ETH has been premined. Some are forks of other coins, but they are not on decentralized exchange.
Some coins say that there is no premine, but in reality there is some premine as the devs are the first one to mine their coins.

Please keep in mind that I'm not speaking about top 100 coins only here.
In fact Dogecoin was in my list. I'll put it here.

From here LTC seem to have a semi-centralized organization structure : https://coinpaprika.com/coin/ltc-litecoin/

From here seems like Veil has a semi-centralized organizational structure: https://coinpaprika.com/coin/veil-veil/

From here it seems like Synchrotron has premine: https://bitcointalk.org/index.php?topic=5119924.0

Yes the group is quite strict, but there are some gems.

It's a very difficult task because you can't just go read the code and understand what everything is all about when you don't know what you are looking for, what you have to first do is to study the white paper of the project and then you can know what you are to look for in the code and check whether the code is really in line with the white paper or not, I believe that this is the only way it could be done, the question is if you are really to spend so much of your timing doing it and what do you stand to benefit.

I agree with you that the task is not easy. That's why I decided to make my personal research public. Many people may contribute quicker to this research as everybody is looking into his set of coins and he/she knows why they are following those particular coins so it's easier for them to speak about.

I think I have missed the bold part initially when I made comment, however, I am not sure if GRIN is having a good amount of volume in any DEX, I gotta check it.
I just checked it and fund nothing.

It seems like they are traded on Bisq, but I'm not seeing any volume there.
I'll keep Grin in the list and will be watching their volumes on Bisq.

I wish that there to be more known and more used decentralized currencies and also i wish there to be more decentralized exchanges and people start using more.

Absolutely! That's why I've created this list.

You said Dogecoin?  :D I would not say about dogecoin that it is decentralized. It is centralized enough, its CEO is Elon Musk  :D.
Look at his twitter if you do not believe me.

Thank you very much for your contribution. I was not aware of the fact.
So I tried to understand things more into depth.
From here: https://bitcoinist.com/elon-musk-resigns-as-dogecoin-ceo-after-price-soars-30/ it seems like the CEO position was a kind of joke and that Elon Musk has already "resigned".

My main concern about Dogecoin is whether any of the exchanges its being traded are to be considered true DEXs.

The list is good but there are also other good coin that will fits that list!! Many project are doing well without passing through ICO process. Projects like Serve

That truly right mate I think op promoting the coins giving list to decentralized plan of their dreams lol😀😀😀 good luck for him hope they got to success for their plan project.

How ICO project fits that list? Don't ICO always have a premine to sell token to the investors? I think you have misunderstood the thread. Please check again.

That's true! I'm looking for the coin of my dreams :-)



Seems like Serve is a token, so it doesn't fit this thread criteria.

I've added some new criteria to this research.

This coin was created just for fun. How it can be called decentralized? Despite the fact that the coin has a large capitalization - it is still a joke

If it fits into my criteria I have to put it into my list. If my criteria are wrong let's discuss what is wrong.

I think Monero fits in our criteria.

I think I need to exclude Grin. I like the coin very much, but there are basically no orders on Bisq, so I can't say this coin is traded on any true DEX, unfortunately.

DOGE is out, according to this (https://bitcointalk.org/index.php?topic=5141350) its not actively traded on any DEX.

In my list, i have RavenCoin. As far i know, this coin is decentralized and there is no CEO or pre-mined. There is no ICO on this coin and traded in big exchangers like binance. Have good potential in the future and i think worth to hold for long term

Agreed, the only thing is that they are not traded on any true DEX (https://bitcointalk.org/index.php?topic=5141350)

VEIL. The best coin 2019. There was no premine, no ico, the community around the coin is growing every day. As for privacy, veil wins over all its predecessors: the zerocoin and ringct protocols are implemented - the coin has absolute privacy.
IMO it has amazing potential, given its youthfulness and little, so far, capitalization.

Only Bitcoin is truly decentralized in my opinion. Every other coin created after Bitcoin has known the owner and holds a majority percent of coins. Even if some of those coins hadn't any ICO, they started mining early, so they must have more than any other people.

From here (https://coinpaprika.com/coin/veil-veil/) it seems like Veil has semi-decentralized org. structure, it isn't also traded on any true Dex (https://bitcointalk.org/index.php?topic=5141350).

From here (https://www.reddit.com/r/Monero/comments/4yqaf3/is_monero_the_only_fair_distributed_cryptocurrency/) it seems like Monero was even more fairly distributed than BTC in a way. However this is a list of altcoins that's why I'm not mentioning BTC at all.

I would agree that Monero is great, and probably best example.

And it is 5 year coin. So it's not like it has clean history just because it was launched couple of months ago.

I don't think having the coin distributed unevenly wouldn't be called decentralized, the only way for a coin to be called decentralized is no one controls it, even if the coin distributed is top heavily.

I've not really come across any project coin that meets all the criteria for being decentralized on that list, so in other words none is decentralized? Well it's your opinion, there is no "perfect coin" per say, there must be some form of short comings.

Premining usually goes to an individual or a group of individuals that "control" the coin. Thus for some period of time they happen to have the majority of coins and sometimes they choose to premine the absolute majority of all the coins.
Those funds give them the possibility to manipulate the market, to promote their coin among people not aware about the issue and its deep implications, to grant bounties to the people ready to follow their instructions and opinions and so on.
In this sense premining gives to the "founders"/"owners" a competitive advantage over any other group or individual potentially interested to contribute, making the coin to some degree centralized.
Hope it makes sense.
  

Seems like you are right and I have to remove Monero from the list as well.
@hanniabu has explained here (https://bitcointalk.org/index.php?topic=5141350.msg51186150#msg51186150) why Bisq can't be considered fully trustless thus we can't say that Monero is fully decentralized according to above criteria.

good advice but not really good for investment if you put in all above criteria.
and i think the closest to the criteria is bitcoin, but not at all, some people or group has a lot bitcoin now, and almost all coin is being handle by some group/people who has lot money to collect it.

I think that the above criteria reflect the original idea of BTC. Many coins claim to be the next BTC, but if they fail to understand the reasons of BTC success, indulging themselves with premine, centralized management and so on, they are only fooling themselves and their customers.

Exactly. There is always some sought of lacking in one way or the other. Like there is no perfect market, no perfect trading and no perfect anything, there is no perfect coin. Even Bitcoin has limitations and this is the reason it is not really accepted by every government around the world. But I believe we will move to the point of perfection, at least in Bitcoin.

if Bitcoin will have such long-term transactions in the future, as well as a large price per transaction, then this will really negatively affect its development in the future.  Although I definitely believe that only the full implementation of Bitcoin in the daily life of a person, as well as using it as a means of payment, improve his position in the cryptocurrency market and Bitcoin will have real prospects in the future.

The best coin in the market right now is Bitcoin and had it been perfect and flawless, it would have not been demanded so much and would not have made so big so far. However in days to come, there might be great improvement in the coins and by the ways it is more better to make use of Bitcoin than to use the rest of currencies which have high adoption costs and transaction costs.

It would be a great idea to create such a list, but a lot of people would understand that their beloved coins are centralised and not decentralised. Investors do not even realise yet that XRP is a centralised asset.

Centralized or decentralized. Many here are just for profit. Most investors do not even understand what a blockchain is. I think it only cares about specialists. Which are looking for decentralization in cryptocurrency.

Update: Since there is no coins compliant to our criteria at the moment it worth looking for the coins that are fully decentralized but not traded on any true DEX.

This is a good list and the issue we are all facing is that most alts are not decentralized as you wish so we just have to take them as they are. What it takes a coin these days to be outstanding is its price. If everything is decentralized and price is too low, no one will consider your project worth investing.

The investment strategies and parameters may vary. However I'm not suggesting any investment here, it's just a research I'm doing for myself hoping someone can give me a good hint.

I don't not understand why people don't consider projects funded through ICO as decentralized enough... there are reallly nice cryptocurrencies that were funded through ICO. 
Bad ICO publicity is probably why we don't have good projects thesedays and good developers are shying away from ico due to this. Their only alternatives are the slow way of developing projects or getting funded by few wealthy investors who may or may not be crypto enthusiasts.


It's is interesting that Dan Larimer's Bitshare made it o your list. 

The issuer of ICO should be usually a centralized organization/team. Don't really know whether it's possible to create an ICO by a decentralized group of people.

This research is challenging my previous ideas as well. The original distribution of Bitshare was done through Protoshares as I know. Protoshares wasn't premined and as they did a coding error the mining period was much shorter than it was supposed to, so Dan Larimer specifically was not able to mine what he was going to and was forced to buy. All this is perfectly within our criteria. Additionally I'm seeing a not well coordinated communication, broken links on their ANN, no "customer support" which make me think that their structure is rather decentralized than not. The same conclusion have come to the management of coinpaprika (https://coinpaprika.com/coin/bts-bitshares/).
Additionally I'm seeing that the Larimers are launching BEOS these days and they don't have all the support of Bitshares community that they would have if they were a kind of "dictators" or "owners".
Maybe I'm missing something if so please let me know.

Guys I'm looking into Aeon coin. Do you think preannouncement 6 hours before launch is to be considered fair?

Recently Tron Sacked CTO was sacked and he claimed that Tron Blockchain is no longer decentralized and it made me wonder, what does the uninformed cryptocurrency populace care. decentralized or nondecentralized, how does it affect trading

This is not specifically a trading thread. However while trading more or less centralized coins one accepts some additional layers of risk.  

I think Slimcoin meets our criteria.

Grin? or TurtleCoin hyped by McTurtle ?  :D
And why you need such altcoin when Bitcoin fulfill all your requirements and it is a certainty that he will not die?

The posts you provide are useful and can be one of the considerations. But I recommend that you make an analysis according to what you believe yourself. Self-analysis will certainly bring satisfaction because we know which is best for us and which is not good for us. Indeed, there are now many coins that are decentralized, but we must be selective in choosing these coins. Not all decentralized coins bring good benefits so we must be able to distinguish truly useful coins and coins that are limited to shit coins only. We have to be smarter in becoming crypto currency players so that we can take advantage of opportunities right.

TurtleCoin was on my list, I'll have a look into it in the next couple of days. Grin is already added.

I'm not speaking about BTC here, because BTC is BTC, but everybody would like to know "which one is the next bitcoin"

Agreed 100%
The goal of this research is to provide the full list so everybody can make its own selection quickly.


I'm working on criteria. If we feel we'd need to add criteria to define a "shitcoin" I'm open to discuss the idea.
However I'm of course not taking into consideration dead coins here.

I don't understand when the term DECENTRALIZED COIN is used. I don't believe there is a decentralized coin as long as there is a dev who upgrades of the network. I only understand that there are privacy coins but decentralized is what I don't believe. No coin is open sourced and managed by a third party aside the developer.

I feel like Monero, Raven, Slimcoin are examples of decentralized model of development. Of course it can be even more decentralized. Just consider the Linux model.

Great to see Slimcoin being (deservedly) added to such list.

Thanks for that effort! I created a similar list but with less strict criteria (https://bitcointalk.org/index.php?topic=4083810.msg38046368#msg38046368) last year, but as there was no feedback, I didn't continue my research.

In my opinion the swap/DEX criterion isn't that important to consider a coin "decentralized", because on open-source atomic-swap exchanges every coin supporting CLTV and CSV can be added without problems.

Interesting observation about BitShares. While I knew that the distribution was based originally on Protoshares, I was sure that they had an algo change somewhen where a kind of "late premine" diluted the original supply. I am not sure however, but there was a controversial discussion in the community.

Slimcoin by the way at this moment isn't traded at any DEX I know of, but thanks to the addition of CLTV in the last update an update of an existing atomic-swap DEX would be trivial.

I would add the two "oldies" Namecoin and Peercoin to the list. Peercoin could be controversial; for a long time it had a centralized checkpoint syncing service, but since version 0.6 this service - which continues to exist - isn't part of the consensus so every user can choose to follow it or not. Development model is decentralized in both coins and neither had insta- or premine.

Unbelievable! Your list is very similar to this one! Who knows why there was not so much interest at that time. Maybe people are becoming more aware about the issues with centralized coins.

I think if the coin is actively traded on a Dex that means that its community is enough mature to understand the importance.

I thought I did a very deep research on Bitshares, but the information about them is very difficult to retrieve. I'll research on this possible "late premine" if you can give me some link to read about I'd be happy.

It looks like it's not that easy to trade on a true DEX as it requires a lot of resources of computer and is not that comfortable. The moment Slimcoin will be traded on a true DEX I'll put it in my main list, which at the moment is empty as you can see.

Yes NMC and PPC are on my list and I'll analyze them in the next days in order to decide whether they are truly in or out.

Thank you very much for your precious contribution!

That's true, but I think decentralized trading via atomic swaps is still a very small niche. So I doubt that many members of a crypto's community are really aware of that. Maybe you could divide your list into two tiers of decentralized currencies:

Tier 1: Mature decentralization (with DEX trading)
Tier 2: Basic decentralization (without DEX, but fulfilling all other requirements).


I have searched a little bit and I think what I was remembering was this:

While this is technically not a "premine", it is an additional supply dilution added to the Protoshares-based supply. The proposal wasn't imposed by the developers in a strict sense, as the DPoS delegates had to vote to implement it, but the Bitshares devs had a big DPoS voting power, so they essentially could impose most of their proposals. It's the same problem in nearly all DPoS currencies: they tend to have a strong power concentration even if they're "formally" decentralized, thus I have problems to regard them really as "decentralized".

Nevertheless, I regard Bitshares as a very interesting project and it's much more decentralized than coins like Ripple or ICO-based coins like Iota. But I would consider it more centralized than, for example, LTC or even Dash.

Thanks, very useful advice.  But I am sure that you need to choose the project you really trust.  But do not forget about the risks.

It's not the list of the coins I really trust. It's a list of coins that are compliant to the criteria established in the beginning of this thread.

I'd say the two lists I have (the first one is still empty) is similar to your idea.


I have to apologize I'm afraid Bitshares is not fitting into our criteria. Thanks to you I've made a more deep research and I've found this article (https://bitreview.com/altcoin/bitshares), where we can read as following:

and also Bitshares wasn't only redeemed from Protoshares, but also from Angelshares:
So we can say it was a kind of ICO or pre-sale, which puts Bitshares out of our list.

Thank you very much again for your hints!

The announcement for TurtleCoin was made on bitcointalk two months after the launch.
Their original announcement was published before launch on yuki.la/biz
Do you know yuki.la?

An interesting article that explains why decentralization matters: http://linuxfinances.info/info/lsf.html

I was surprised at his question too. The question shouldn't be asked when he is the one educating us. Anyways, I think I got enlightened from his post. Now is to go into research and find out more.

I would like to start to understand why you select coins on such strict criteria? It seems to me that most of these criteria are not necessary and interfere with the full development of the coin and this limitation will never allow such coins to get into the top-10 in capitalization.

When you have much choice you need to apply some criteria to orient yourself in the multitude. For example, if you get into a shop that sells let say two hundred models of mobile phones you need to make yourself a question what is it that you need in order to choose one that suites you most. While in the cryptoworld we have tens of hundreds coins to chose from so the criteria need to be quite strict.
By other hand your criteria are not necessarily the same as mine, however the fairness of the coin's launch seems to be an important aspect for many people involved in the crypto.

I think Peercoin is in, the purpose of their initial centralized checkpointing wasn't to manipulate the market later or to give to a group of people an initial advantage. They are also not using centralized checkpointing any more.

Namecoin is in!

It is possible that veil might come up the list of the OP, perhaps very soon as it will be fully unveiled and tested by the public. The only difference between Veil and Doge which fits in perfectly well to the list, is that Veil has an owner, while Doge does not have, except it is totally relinquished.

To include Veil in my list I should change my parameters. But how serious would be this research if I'd state that the currency that has an owner is to be considered fully decentralized?

I think we have a new entry: B3Coin

Great list so far. I like your parameters for deciding but believe in the future a select few things may start out centralized and become decentralized over time. The one example I can think of right now would be Decred. It's understandable why it didn't make the list although I think at this point it is actually far more decentralized than some of the coins listed.

From here (https://coinpaprika.com/coin/dcr-decred/) it seems like Decred is semi-centralized.

I understand your point, but we need to research basing ourselves on criteria.
For instance if Raven is a pump and dump coin in your opinion it doesn't make him centralized basing on the above criteria.
The same if we consider Dogecoin a Meme coin.
However I think that to avoid mentioning dead, dying, very young coins or coins that are not finding people's favor at all we can introduce 1 BTC/day trading volume criteria.
That's why I have to exclude Terracoin, Slimcoin and B3Coin for the moment.

I think we have a new entry: Burst.

Seems like Blackcoin fits into our criteria.

I don't know whether to go on with the publication of results of my research since I'm not seeing that anybody contributes anything of value any more. The idea of this thread is to make a collective research, if it's only me working I can keep my results for myself.

I would like to contribute but sometimes (e.g. this week) my time is limited. However I think I agree with Blackcoin and Burst (I actually was a bit surprised that Burst had no premine, but it seems to be true according to their ANN.)

Ofc I don't just believe the OP of the ANN, I analyze what people say during the launch, so Burst seems to have had a really fair launch.
So you are suggesting me to go on with this public research?

Absolutely! I think it's extremely important for people to know which altcoins are really decentralized. So many centralized coins are trying to persuade buyers into believing that they're "the next Bitcoin" or that they "will make Bitcoin obsolete", which is absolute bullshit. Maybe this kind of list could also strengthen incentives to new crypto-projects to try a decentralized model.

I would maybe also suggest to publish that list on some kind of alternative source, e.g. a cryptocurrency wiki or another webpage/blog.

After you reach a point where you are satisfied with the list, "for now". I think it may be worth having an article submitted somewhere with the results. That will get more attention ;) Are there any decentralization evangelists that you know of? They could bring more attention too.


I've tweeted about this thread and posted the link. Great work so far!

I also just realized Bittrex has all of these except Namecoin and Grin.

Guys thank you very much for encouragement.
I felt your support and yesterday I was able to analyze 152 coins!
I have more or less the same quantity remaining so now I'm sure I'll be able to get to the end of this research.

The new entry for today is: Vertcoin (they have 150 coins of test premine announced since the beginning).
 

Wow… you did a heavy job right here, taking the time to research all these coins with this criteria. Well, if anyone is planning to invest in any of these coins, the only one I think is good for investment is Monero… I'm not sure about the others. Dogecoin is good but… it might not really be a good choice for anyone. And by the way, all these criteria doesn't really matter cause having all these doesn't even make coin to get adopted by people. They have all these criterias and not even single person talks about them, except monero and dogecoin are the only coins you will see people mention often, but only few like dogecoin.

Once people recognize that centralized cryptocurrencies are pretty meaningless (and not much better than PayPal or pennystocks), I guess that will change. I consider this list an important tool for that.

Dogecoin may be a special case because it's a coin heavily tied to a meme of a specific period which today already looks a bit "oldish", but until now it has done pretty well, and in the case it really implodes because of the meme problem, the community could simply rebrand it.

If helpix.world has no plans to publish this list on another webpage, I may have in the medium term - maybe I could even build a website/blog around the concept. I would however probably also include coins with low trading volume (with a warning sign or something similar), because I consider that a relatively irrelevant short-term indicator that may not be an obstacle to success nor threaten decentralization. Low-market-cap-coins with higher trading volume have similar dangers (a large investor could buy it up and de facto centralize it), but it's also possible that this never happens.

so why would you ever call a dogecoin a dam meme coin.    it is still the hardest working of almost all cryptocoins out there?

Thank you for the list. I was recently looking for some good altcoin to pick and found this one. Sorry that I could not contribute although I said I would. Dogecoin for now is a good investment I think since it's very much lower than the regular trend.

When Dogecoin was first announced I knew right away that I was not interested at all in it. And I still don't like its stile, the fact it's not being developed any more and so on.
But I have to admit that Doge has found its important niche in the cryptoworld. Without it many small coins would be dead by now. Being Doge one of the base currencies for many exchanges it's possible to trade small coins in the range of prices that are not possible for BTC.

Wow you've got the same idea of another member of this discussion.
Maybe we can work on the site together: you, me and him?

One idea could be to create a Github pages site, where collaboration would be very easy (every interested Github user could join) and there would be no hassle with security issues.

Seems like Arionum fits into our criteria as well.
Would please somebody check them and tell me whether I'm wrong?

I like the idea of bitcointalk thread because it's being bumped each time someone comments so the idea is being advertised. I'm not that familiar with Github, is there this kind of mechanism there? Of course the cooperation of many people would be preferable.

I don't really know how much this idea is required. I have only 15 coins to analyze left, so maybe another coin will pop up, maybe a couple of coins.
I can also reconsider the small 1-0.5BTC/day coins for a minor coins list, but there are risks to mention coins that has heavy issues that are difficult to understand without a deep study.
So if we create a site just to mention the list of coins we have it may be too much effort for not such a long list.
What do you think?

As it is now, no one can make Bitcoin obsolete and especially decentralized coins often have the problem, that there's no company behind it. The thing that is good for decentralisation also makes coin development slow and maket share low since an open community often has no roadmap, no investment plans and development is done by volunteers that often get nothing for their work.

I don't know if Pandacoin (PND) would fit into the list. It was first a mere Dogecoin clone made to troll a scammer and after the scammer disappeared, was almost abandoned but then they decided to go full PoS and are now there with a new team which however too consists of volunteers. But it had no premine, ICO, instamine, dev fees or rewards ect, no "owner", has it's own chain so not a token.
https://bitcointalk.org/index.php?topic=1960307.0

That proves that centralized model is superior to the decentralized one. :-p

Thank you for your suggestion. Pandacoin has had a fair launch as far as I understand. It doesn't fit into 1 BTC/day trading volume criteria but I'll put it in the list of the small coins I'm about to create.

I've finished analyzing the full list of coins I was working on (all those listed on coinpaprika).
As you can see we have only 11 coins, that has at least some volume, fitting in our criteria.

I think I'll work now on the list of 300 small coins I haven't taken into consideration because their trading volume is under 1 BTC/day. Of course it's not that easy to understand whether a small coin is alive or not or whether it has some heavy issue, so please help me if you know anything about the coins I'll be mentioning.

Yes, the Bitcointalk thread has its advantages, and SEO-wise it would not be convenient to just copy the list to the Github Pages portal in an identic manner. Instead, a Github Pages (or other similar free web page provider) webpage would enable to create sub-pages for the involucred coins. These can be described, and there could be also links to proofs that the start was fair, there was no ICO etc (on most cases a link to the Announcement thread would be sufficient).

Another advantage: If someone has new informations about one of the coins, or a new coin is to be considered, he/she can simply propose an update to the page with a pull request - or request editing rights.

What timeframe do you use for the volume? I think a larger timeframe (at least a month) should be used to prevent short-time peaks. Unfortunately, I don't know if Coinpaprika provides that number (at a first glance I've only found the 24-hour-feature).

A list with several "tiers" would imo solve that problem - one could warn that smaller coins may have issues, and most people will know that low-volume/marketcap coins are riskier than big ones.

Yeah that's probably true, sadly. But for a small project it's certainly hard to get things up and running. I worked a little with Blackcoin and the team did a few things like implementing Colored Coins, Atomic Swaps where put in over night ect but none of that ever really took off because it's hard to get the attention about implementations when you are at the rank 300 and lower on CMC and have a small team.

I think the ICO hype caused alot of harm to the crypto community. Coins that collected millions with ICOs where either scammers or where able to actually pay developers and marketing teams and soon nothing went when you didn't create a huge fuzz about it, paid exchanges and coin sites to pitch the coin and appeared on cons. I guess a few developers of decentralized coins went frustrated when ICO coins passed them with huge fuzz and left community projects in the dust.


The launch was originally like Dogecoin, somewhat of a troll but they created a working coin out of it, got from PoW to PoS and they are still active and try to do stuff.

Sorry, I didn't pay attention to the 1BTC/day trading limit however I also suspect, that many volumes are actually fake because it's so easy for exchanges to artificial pump up volumes with next to no effort. https://www.forbes.com/sites/cbovaird/2019/03/22/95-of-reported-bitcoin-trading-volume-is-fake-says-bitwise/ So I don't know how informative volumes are at all. And in turn it spoils the validity of CMC rankings which in turn influences investors since it's one of the first addresses to look at coin performance data. Of course that won't help the volume of PND either.

It certainly would be great when exchanges wheren't centralized companies, that have a motivation to puff up maket data to attract traders. And it's actually somewhat daft, that we use decentralized currencies but then depend on centralized exchanges.

Maybe it may make sense working on a kind of Community of decentralized currencies. In such case going outside of this thread would make even more sense. Another thing I'd like to create is a fully decentralized site for this project.

Thank you for your suggestion of course I have to consider larger timeframe, but I don't know where to find it. There is no such data on coinmarketcap as well.

I think that in the long term the truly decentralized currencies will win. By other hand all those private coins that are the majority out there are just another kind of thing and even if they advertise a lot sooner or later people will begin to understand the difference. As I said above maybe a community of decentralized coins should be created in order to solve the issues you mentioned together.  

I agree that volumes are often being faked but of course one can't fake a lower volume.

I'm glad to announce another find: Primecoin.

I've decided to extend this list to the following categories:
24h volume 1 - 0.5 BTC
24h volume 0.5-0.3 BTC
24h volume 0.3-0.1 BTC
24h volume 0.1 - 0.05 BTC
24h volume 0.05-0.01 BTC

Great to see you still maintaining here. I am always following this thread.

Thank you! :-)

Cryptonite (XCN), could fit the description?

https://coinpaprika.com/coin/xcn-cryptonite/

Datacoin (DTC)

https://coinpaprika.com/coin/dtc-datacoin/

Thank you very much for your suggestion!

Cryptonite is in my list of coins to analyze, Datacoin as well, so I'll be able to tell you in the next days whether they fit or not.
Consider that the volumes of Datacoin are so low at the moment that, I'm afraid I won't be able to put it in the main list.

A very good list for sure. The crypto seems losing its decentralization! Most of the project is likely centralized or licensed and without a license or a proper address, a crypto project will be ignored by the crypto people! The longest bear market really harmed a lot in crypto's nature!

From here (https://coinpaprika.com/coin/veil-veil/) it seems like Veil's organizational structure is semi-decentralized.

From here (https://bitcointalk.org/index.php?topic=713538.0) it seems like they announced at 1:01 AM and at 1:06 AM of the same day someone had already gotten the first 8 blocks.

Datacoin seems to fit into our criteria. They have a very low volume though, so I'll put them in our Small Coins list.

I think I'll need to exclude Arionum from our list, as from here (https://bitcointalk.org/index.php?topic=2710248.0) it seems like the announcement was made at 4:17 PM and at 5:25 PM of the same day their developed wrote that "mining was possible only with CPU under linux" so it's not clear whether the coin was already mined at that moment. I suppose it was. If anybody can prove the opposite please let me know.

I would like to propose adding Ercoin (https://ercoin.tech) to the list. The tricky part is that the initial distribution of coins (which will be done as an Initial Burn Offering and starts at 8th of November, UTC) will be performed before the launch of the production network. Therefore Ercoin is not tradable on any exchanges yet, so obviously it doesn’t fit into the last criterion. (However participation in the IBO will be possible via buying burnt blackcoins on Bisq and also by burning blackcoins directly).

Burst has always had its own "DEX" built into the wallet. You can easily just go in and create your own token very quickly, and it immediately is tradeable against BURST on the built-in exchange. Right now, these are referred to as "assets", but just replace the word "asset" with "token" when checking this out, and it will make more sense to you.

There is another exchange in development on Burst, called BTDEX, and we will always encourage use of the Burst platform! It is utilizing the BlockTalk framework for creating smart contracts in JAVA.

Important Note - Though a few members of the Burst project team are part of the BTDEX team, it is not an official part of the Burst project.

The beginnings of BTDEX will be looking a lot like Bisq, though you will not need to leave your apps open to keep your trades live (it is all recorded to the chain), and it also goes faster as Burst's block time is 4 minutes vs BTC's 10.

You can check out more information on the BTDEX threads -

BTDEX - https://bitcointalk.org/index.php?topic=5214739.msg53514973
TRT Token - https://bitcointalk.org/index.php?topic=5214742.msg5351508

Of course, please visit the Burst thread as well! -  https://bitcointalk.org/index.php?topic=1541310.0

* This is not an endorsement of the BTDEX exchange. Everyone is encouraged to do their own research and make their own decisions.

Let's round it up by listing best decentralized wallets, I give you AtomicWallet. Super cool with functionalities suitable for you.

This is a fantastic list. Keep it up.

I think that Monero is one that is very underrated because of the fact that it is actually decentralised and addresses the anonymity issue. I think that even theymos himself once said that XMR is one of the only projects that BTC could borrow some features from. Also, it's a simple coin, and not some utility token which is intrinsically centralised.

These fundamentals should be what investors look for. Not hype.

One of the MOST decentralized projects I know off is: Blocknet.

So I'm kind off surprised you didn't put it on your list. Blocknet is an old school project from 2014, however they are first movers on DEX developments, and their decentralized oracle service (XRouter) speaks for itself, although still in beta.

You can read more about their DEX right here, if interested: https://blockdx.com/

Karbo should be on the list too.

Launched in 2016, no special treatment for the devs (not by random chance, but because this is devs philosophy). Actively developed (has ~10 wallet updates in 2020, and already 2 updates in 2021).

Yet doesn't satisfy last requirement (dex). But this is fixable.

I hope @helpix.world is still around, because I would like this list to be regularly updated. Anyway I'm planning an own incentive, with different "decentralization tiers". Basically until now my idea is the following:

Tier 3: All cryptocurrencies without premine, ICO and/or developer bonus. This already narrows down the current list a LOT. (This would include coins like Dash and BCash).
Tier 2: Additionally, no instamine (criteria for that have to be defined), stealth mining, and no centralized development. (In this list, for example Dash would not be included anymore, but LTC would, but only since Charlie Lee's departure as "benevolent dictator". An inclusion of forkcoins like BCash here would have to be discussed.)
Tier 1: Strict additional criteria like those helpix.world mentioned in the OP, like availability on exchanges, volume and DEX.

Unfortunately Blocknet is not suited for helpix.world's criteria because it was launched with an ICO, which implies a premine did happen.

This could be a candidate. It would have to be proven that there was no premine, today unfortunately I can't inspect the source code but I may do in some days.

Good list but a few problems.
Although I favour pow launches the initial distribution doesnt really define how decentralized the design is or how wide the distribution is after a period of time. Even pow launches are rigged and launched like steam or dash. Even if it's not proven it can be that the devs and a few friends mine up vast swathes.

The distribution though is impossible to determine correctly. Something that was very widely distributed initially can gravitate to a few huge whales undetected. What you require is whale protection so that even if this is the case a single whale can not manipulated the market. It is much more complex than it seems.  

For pure decentralized value in that they provide services in a decentralized manner that others cant compete with are

Blocknet - the best attempt at a dex
Bitbay - the best p2p market place, incorporating DDE and decentralized peg

Actually in terms of being truly decentralized nothing comes close to Bitbay.
The entire obsession of the developer ( among the smartest here) is to decentralize every aspect that could be decentralized.
Even the voting mechanism.

I have respect for many of the projects listed. Smooth is a great dev (aeon) and rat4( blackcoin now blacknet)
Monero of course.

However the stipulation of no ico is flawed. I prefer pow but the very best decentralized projects here that are not just copying bitcoin or Ltc but going further to fill the gaps of creating an entirely decentralized system with no need for centralized exchanges or services are Bitbay and Blocknet.

Other notable mentions are Zano, blacknet, 0byte, komodo, etc. These are some of the highest level developers here that are obsessed by decentralized everything.

Check out Bitbay. This has to be the very pinnacle of decentralization. They even have a dex on the way.
There is no project more decentralized.

Decentralized market place
DDE no centralized arbiters
The only real decentralized peg or anti volatility mechanism
Decentralized voting
Decentralized exchange almost done.
It is going to be its own decentralized entity that provides everything you could need to survive depending on no outside sources except the internet and the dev even has plans for this.

The Threadstarter has not been online since 2019 I hope he comes back.

Did anyone make a list of all the listed projects and which were most successful as of now?

Honestly truly decentralized is something we haven't even seen yet if you ask me. Why? Because almost all of these has at least one thing that makes them not truly decentralized, it could be some team behind it developing it that has the chance to change things, it could be 51% attack, it could be someone getting 80%+ of all coins via purchasing if they want to and controlling it (which even bitcoin is not totally free from), it could be anything related to transactions and exchanges.

Basically I believe the fully 100% decentralized one is not even around right now, it would be very difficult to manage to make something like that available and I think it is not going to happen but it is definitely something that could be done one day, all we need right now is to find people who would want nothing at all in return of building something like that.

(Necropost ;) for those following this "nerdy" topic) Due to the recent developments - SEC action against centralized "security" coins, MiCa in the European Union - I've started a new related topic in English: Decentralized altcoins which (probably) never will be securities (https://bitcointalk.org/index.php?topic=5456378.0).

The thread contains a list with all coins which fit criteria very similar to those I described in post #12 here in this thread (https://bitcointalk.org/index.php?topic=5138218.msg56127171#msg56127171) as "Tier 1 and 2" plus non-premined coins with independent  blockchains. I will unregularly update price and ATHs.

Basically the criteria to be included in my list are:

- no premine
- no centrally distributed dev fees or dev rewards
- independent blockchain (no fork from another coin, example: BCash)
- non-permissioned: distribution must include a way to validate and earn coins decentrally which does not require to own coins (i.e. "pure PoS" coins are not allowed; PoS/PoW or even PoS/PoC are fine)

I have added Karbo now (it seems to fit at least my criteria) and am reviewing another coin, Koinos. Perhaps someone following this thread has discovered some more coins meeting the criteria, so I can add them.