question about next-gen

[magic755]

Can you explain what means "next generation" cryptocurrency, and  difference between that and for example btc

I'm fully noob

[BTMan]

what is this?

[willerickson90]

Man i'm really interesting in this. If you get some - just let me know, please

[devphp]

Can you explain what means "next generation" cryptocurrency, and  difference between that and for example btc

I'm fully noob

Next generation means 'faster, harder, stronger'

[rayday11]

Can you explain what means "next generation" cryptocurrency, and  difference between that and for example btc

I'm fully noob

Next generation means 'faster, harder, stronger'

Sounds like a commercial for the 6 million Dollar man.

[Marlo Stanfield]

Next generation cryptocurrencies have more features than Bitcoin. Some of the popular features today are: Anonymous transactions, distributed asset exchanges, faster confirmations, proof of stake rather than proof of work(and other variations on proof of stake).

Basically it's just new cryptocurrency technology. Bitcoin development does not have a mandate to move forward technologically, only to protect what is already there. So we have a rich ecosystem of alternate coins which attempt to add value and push forward with innovative features.

[lordoliver]

Hello! I'm newbie in this world. Can anybody help me? I've heard such term as "next generation coins" manytimes, but google is pretty bad about it. could you explain:
1) is "next generation coins" real term or it's marketing ploy?
2) if it's real - do you have some links about? i'm interested on it.

first you have bitcoin as first generation
then you have a lot of 1st gen clones, that just take the wallet and chang the algorithm a little or some other specs. some even don't change anything.
- litecoin (the first, and as it was long time asic resistant quite popular)
- dogecoin
- peercoin (the first pos, thats why its quite popular)
- namecoin
- quarkcoin
- darkcoin (not sure how much they took from the original qt, but i would call it 1st generation, the first good anon implementation, thats why its popular)
...

then you have NXT. The first from ground new written coin with a better frontend and real new features. Real pos forging and so on.
This is called a second generation coin. There are also a few clones of it:
- NAS
- NHZ
- NFD
- N2
...

they could be called 2nd generation coins because they base on a second generation coin, but they will be about like the clones of bitcoin were, maybe a little better.

there are also some other from ground new programmed coins, that could be called 2nd generation:
bytecoin (which is claimed to be "released" already in 2012) and its fairer and same popular clone monero as well as their later and less popular clones
Qora and its coming clone Kora

currently we are waiting for a few coins, that also could be called 2nd generation or maybe even 2.5 or 3rd generation because of new features:
NEM (Proof of Importance + decentralized trust handling)
maidsafe (decentralized encrypted storage)
etherum (decentralized applications)
eXoCoin

advice: read the announcement threads daily

[magic755]

thanks for answers, now I have some information to learn.  and one more question: if you want to invest in some alt, then what alt you prefer to invest in? (alt with some "mission" or simple alt that was created for speculations)

[instacalm]

Hi magic755!

see here: https://www.youtube.com/watch?v=UuZH3a5MKik

[lordoliver]

thanks for answers, now I have some information to learn.  and one more question: if you want to invest in some alt, then what alt you prefer to invest in. (alt with some "mission" or simple alt that was created for speculations)

as a beginner you shouldn't speculate. you will high likely loose.
invest in innovations
(BCN)/Monero, MaidSafe, NEM, maybe still NXT

or founded coins
BTC, LTC, Peercoin or something...

Of course you will be probably drive best on newest innovations. The problem is, that you can't see then that good as a beginner.

[EvilDave]

https://nxtforum.org/index.php

is all you need to know. However, I might be biased, so:

Study the market very f**king hard before you put any of your hard earned cash into anything except your own pocket.
Never trust anyone you meet on teh Interwebs with a plan for your money,  everyone has an agenda.

IMHO: Bitcoin is going to be a solid investment for the next couple of years at least. If you do start investing, start there.
You're probably too late to see a 100x return on Bitcoin investment, but i reckon a 10x return is possible over the next year or 2.