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Ripple versus NXT: similarities and differences
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Topic: Ripple versus NXT: similarities and differences (Read 1249 times)
Mitzplik
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Ripple versus NXT: similarities and differences
December 29, 2013, 09:47:45 PM
#1
So, two smart protocols that mix native currenciy and IOUs.
What are their strong and weak points in comparison?
btc24
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Re: Ripple versus NXT: similarities and differences
December 29, 2013, 09:52:38 PM
#2
'unfair' distribution is weak point for both.
stefan80
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Re: Ripple versus NXT: similarities and differences
December 29, 2013, 09:57:41 PM
#3
In my opinion Ripple is worse - it is very centralized, making it easy target for institutions/states in case it gets more popular
Mitzplik
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Re: Ripple versus NXT: similarities and differences
December 29, 2013, 10:06:45 PM
#4
Quote from: stefan80 on December 29, 2013, 09:57:41 PM
In my opinion Ripple is worse - it is very centralized, making it easy target for institutions/states in case it gets more popular
This depends on the network's size and number of validators controled by different people.
If the network grows, it can be very descentralized.
Imagine bitcoin's very early days, and the difference now.
hypostatization
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Re: Ripple versus NXT: similarities and differences
December 29, 2013, 10:15:23 PM
#5
I think one of the most important points is that these systems are complementary. A Ripple NXT gateway already exists:
https://peercover.com/#/simpleGateway
Ripple is backed by major investors, like Google Ventures and Andreessen Horowitz.
It is well staffed:
https://www.ripplelabs.com/
They recently hired a co-founder of
https://www.nodejitsu.com/
Source code is solid and readily available:
https://github.com/ripple
Pivotal features like Contracts are on the horizon:
https://ripple.com/wiki/Contracts
A mobile client already exists:
https://ripple.com/blog/introducing-ripple-client-the-ios-app/
They have a lead in maturity, and that lead spans from business through code, features, and existing markets:
https://ripplecharts.com/markets
(China was instrumental in driving growth this Fall)
I see a bright future for Ripple. NXT may grow to rival it, and I hope to see success on both fronts.
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Mitzplik
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Re: Ripple versus NXT: similarities and differences
December 30, 2013, 08:13:30 PM
#6
Quote from: btc24 on December 29, 2013, 09:52:38 PM
'unfair' distribution is weak point for both.
Can you give more details about NXT?
panonym
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Help and Love one another ♥
Re: Ripple versus NXT: similarities and differences
December 30, 2013, 08:19:33 PM
#7
All unworthy of your time and wealth.
Wait for
proof of burn
/ destruction of coins!
Will arrive one day.
Hoppefully with an anarcho-communist mindset, great wealth distribution.
NXT was a joke.... Extremely bad repartition
on purpose
!
Announce 1.5 month IPO income allowed, stop after 2 weeks for no honest reason.
You have power people, don't trow it away at all those gremlins coin without proof of burn.
newcn
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Re: Ripple versus NXT: similarities and differences
December 31, 2013, 01:06:25 AM
#8
ripple is only an exchanging system
nxt has more features
BTC:1NzzfeHCgN8fF6mSG1UeBFCVd2cxKbGyHk
NXT:13187911577562526278
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