The 2.0 throwdown thread

[jwinterm]

With all the hype surrounding Ethereum launch, I'd like to start putting together a comparison table of all the 2.0 platforms/coins/tokens/thingamajigs. The ones I have in mind are Bitshares, Burst, Nem, Nxt, Qora, Counterparty (Dogeparty/Clearinghouse), and Ethereum. I'm interested in mapping out their similarities and differences, particularly what each is capable and incapable of doing, but also other differences such as validation scheme (PoW or PoS), initial distribution, etc.

With that being said, here is the table:



Link to html version of table: http://myrcraft.com/2p0platformtable.html

Please comment with features/similarities/comparisons/coins you would like to see added or modified and I will update the table (or if I have anything wrong). I honestly don't know that much about many of these systems, and I'm trying to use this as an exercise to educate myself, so if you have any very informative links or anything as well, please share

Edit10: Crypti is open source! Also, Syscoin has gone to beta with distributed marketplace. Bitshares has gone 2.0 now with privacy features, multisig, and high fees.

Edit9: Removed average block time as it was completely unfilled, and added a few unique features for NEM and NXT.

Edit8: Updated a bunch of links from (need link) to actual links. Added a bunch of centralized apps and changed formatting a bit.

Edit7: Updated - added syscoin, coinousd, and links at the bottom (maybe some other stuff...). Still thinking about removing Crypti since closed source.

Edit6: Updated again, thinking about removing Crypti since it seems to be closed source.

Edit5: Updated table to HTML and added some more info. None-image version found here: http://myrcraft.com/2p0platformtable.html

Edit4: Deleted NuShares, updated a bunch of other stuff.

Edit3: Added inflationary/deflationary row. Considering dropping Nushares, maybe add Shadow(coin).

Edit2: Added Crypti.

Edit: Added NuShares, but need to look more into it seems like it's only use/goal is to be a market pegged asset, so considering removing it. Also, need to check NXT/NEM pegged assets, and maybe separate automated and atomic transactions.

Last update: 2015-10-21

Disclaimer: I own some Bitshares, Burst, Crypti, Counterparty, Ethereum, NEM, and Qora, Syscoin.

[GTO911]

Qora was an ICO

[Sebastien256]

Nxt support atomic transaction.

From Nxt forum:

The account control is not a workaround, it was always part of the two phased transactions design but there was no time to implement it for 1.5. Of course the parameters of the voting model will be fixed with the transaction that enables account control for an account, and can only be changed or removed with a transaction that is also phased, under the same voting model.

From security point of view, account control is not 2FA, because it only increases the security from one password to two or more passwords, of the same type. The 2FA planned for 1.7 is based on hash chains, once enabled, each transaction of the protected account will need to be released by publishing a one-time hash, meaning that an attacker that knows the account password and the hash codes used so far still cannot produce the hash needed for the next transaction. It should be possible to combine this with account control too.

Often overlooked features of phasing are the by-transaction and by-hash (shared secret) phasing types, and those two can be used for trustless escrow or atomic cross-chain transactions even now, they do not require account control.

And have market pegged asset such as CoinoUSD.

For Nxt features, you can take a look at this comparison matrix:

http://i.cubeupload.com/WYbaSu.jpg

However, please note that only Nxt features are up to date. Features from the others platform are not update yet.

Edit: latest Nxt release 1.5.15 now support "offline transaction" too. This is a very good security improvement, imo.

[jwinterm]

Thanks for responses. I'm trying to figure out a better formatting. Can SMF handle HTML/HTMLtables? Let's see...

[HTML]
<table>
<tr>
<td> asdf </td>
<td> fdsa </td>
</tr>
</table>
[HTML]

Edit: seems not... 

[jwinterm]

Name	BTS	BURST	XCP (also XDP & XCH)	ETH	NEM	NXT	QORA
Initial distribution	Airdropped to PTS holders	Proof-of-capacity mining	Proof-of-burn using BTC	ICO now Proof-of-work (future Proof-of-stake?)	CFP	ICO	ICO
Validation scheme	Delegated Proof-of-stake	Proof-of-capacity	BTC blockchain	Proof-of-work	Proof-of-Importance	Proof-Stake	Proof-of-stake
Asset creation	✓	✓	✓	?	✓	✓	✓
Automated/atomic transaction	✘	✓	✘	✘	✘	✘	✓
Market pegged assets	✓	✘	✘	✘	✘	✘	✘
Blockchain Multisig	✘	✘	✘	✘	✓	✘	✘

Fixed it a little and added another category.
Another category for messaging needs to be added, but I assume by now most of these platforms include messaging.

Thanks BigSirko, I think I'm gonna move it to a spreadsheet and output a pdf then link image or something. It's just not really read-able at the moment. The image linked by Sebastien256 looks really nice, but I'd like to have the space to make some notes about the differences between the coins.

[Bisha]

Finally a thread like this. Hope people can keep discussing features in a civilized manner instead of flaming like most other threads. BitShares has some features that will only be added once 2.0 is released so they're probably subject to change.

Maybe you could also add a ''Pending'' clause or a "Pending*" and then explain the * below. BitShares will have a referral program for example, but I can't say it's implemented yet since 2.0 isn't out yet. But I would like you to add pending features (assuming they are being worked on!) so I and other people could know other features other projects would offer.

edit: isn't stellar 2.0 too? Also dunno if Ripple is too. Counterparty, NuShares?

[gjhiggins]

Thanks for responses. I'm trying to figure out a better formatting. Can SMF handle HTML/HTMLtables? Let's see...

[HTML]
<table>
<tr>
<td> asdf </td>
<td> fdsa </td>
</tr>
</table>
[HTML]

Edit: seems not...  

This ...

Code:

[table]
[tr][td]Cell 1[/td][td]Cell 2[/td][td]Cell 3[/td][/tr]
[/table]

renders as this ..

Cell 1

Cell 2

Cell 3

* gjhiggins gives up, reads: https://bitcointalk.org/index.php?action=help;page=post#bbcref

Cheers

Graham

[Sebastien256]

From my understanding, automated (turing complete) and atomic (cross-chain) transaction are two different thing.
We can say that ETH has automated transaction too, I think.

[jwinterm]

Finally a thread like this. Hope people can keep discussing features in a civilized manner instead of flaming like most other threads. BitShares has some features that will only be added once 2.0 is released so they're probably subject to change.

Maybe you could also add a ''Pending'' clause or a "Pending*" and then explain the * below. BitShares will have a referral program for example, but I can't say it's implemented yet since 2.0 isn't out yet. But I would like you to add pending features (assuming they are being worked on!) so I and other people could know other features other projects would offer.

edit: isn't stellar 2.0 too? Also dunno if Ripple is too. Counterparty, NuShares?

I have Counterparty in there. I will add NuShares, though at the moment I know practically nothing about it.

I don't really consider Ripple to be 2.0 platform, more of just a quasi-decentralized settlement system, and Stellar seems like Ripple but they try to pretend they have some great distribution mechanism (via facebook, but people are recorded on youtube grabbing 100k+ STR by gaming the system), supposedly non-profit (but they're registered in Delaware I think, where they don't have to disclose earnings/expenditures and there is like no real requirements to be non-profit, and they still hold like 80+% of all coins. I'm really not a fan of Stellar (or Ripple), in case you couldn't tell, but I don't think they really qualify as 2.0 platforms anyway. Further recommended reading here:
http://observer.com/2015/02/the-race-to-replace-bitcoin/
(This article refers to them as Bitcoin 2.0, but still, I disagree.)

[Sebastien256]

Nxt also has something like multisig, it is call two-phase transactions. Right-now, the current two-phase transaction implementation is also like multisig but for each individual transaction. In the planned Nxt 1.7, account control (and 2FA, which is more complete than multisig and account control, see Jean-Luc quote above) will be introduce so that two-phase transaction could also be applied for every transaction made by an account effectively making the signature required for each flag account.

[yassin54]

hi jwinterm
good initiative
may be it can help you

Hébergé par Imagesia.com

 you can contact this person: https://nxtforum.org/index.php?action=profile;u=69
Good luck!  
Sorry english not good 

[Bisha]

Finally a thread like this. Hope people can keep discussing features in a civilized manner instead of flaming like most other threads. BitShares has some features that will only be added once 2.0 is released so they're probably subject to change.

Maybe you could also add a ''Pending'' clause or a "Pending*" and then explain the * below. BitShares will have a referral program for example, but I can't say it's implemented yet since 2.0 isn't out yet. But I would like you to add pending features (assuming they are being worked on!) so I and other people could know other features other projects would offer.

edit: isn't stellar 2.0 too? Also dunno if Ripple is too. Counterparty, NuShares?

I have Counterparty in there. I will add NuShares, though at the moment I know practically nothing about it.

I don't really consider Ripple to be 2.0 platform, more of just a quasi-decentralized settlement system, and Stellar seems like Ripple but they try to pretend they have some great distribution mechanism (via facebook, but people are recorded on youtube grabbing 100k+ STR by gaming the system), supposedly non-profit (but they're registered in Delaware I think, where they don't have to disclose earnings/expenditures and there is like no real requirements to be non-profit, and they still hold like 80+% of all coins. I'm really not a fan of Stellar (or Ripple), in case you couldn't tell, but I don't think they really qualify as 2.0 platforms anyway. Further recommended reading here:
http://observer.com/2015/02/the-race-to-replace-bitcoin/
(This article refers to them as Bitcoin 2.0, but still, I disagree.)

I see. Was just asking because, tbh I don't know myself if I should consider them 2.0 or not.

Would you consider adding a "pending" clause so to speak? Instead of the "have"/"don't have" clauses only? Stuff you could also add: decentralized exchange, prediction markets, can't remember more atm

[jwinterm]

Thanks yassin54, I think that's same pic posted above, and yes, I do think it will be helpful.

I will add a pending category as well, Bisha, I think that Bitshares is supposed to be adding a bunch of new functionality with 2.0 release.

I'm going out for a while, but I'll try and update it some more later this evening, and go to bitsharestalk.org and /r/ethereum and /r/nushares or peercointalk or something and see if I can get some none NXT folk to come help fill in some more blanks.

[poloskarted]

hi jwinterm
good initiative
may be it can help you

Hébergé par Imagesia.com

 you can contact this person: https://nxtforum.org/index.php?action=profile;u=69
Good luck!  
Sorry english not good  

The potential for that chart to be a broad, objective comparison of some of the main 2.0 projects is there, but as it stands it is extremely biased towards NXT to the point where it's not even trying to be subtle about it (only green ticks and under construction in the NXT side...really now?), in addition a cursory glance shows glaring factually incorrect segments.

[jwinterm]

Table updated a bit. I'm gonna go spam respective coin's forums/subreddits asking for input

[Passion_ltc]

Hey jwinterm, would be great if you add Crypti to the table. It's also a "2.0" platform with the decentralized applications platform currently in alpha testing by our team.

http://crypti.me for more information, white paper here: http://crypti.me/crypti.pdf, first demo of our dapps: https://www.youtube.com/watch?v=O9o5X4xHJnc



I already prepare the entries for your list:

- Total supply: 100,000,000 (fixed)
- Initial distribution: Initial coin offering with 750 BTC invested
- Validation scheme: Delegated Proof-of-Stake

Automated (Turing complete) transactions: Yes, but in a side chain
Atomic (cross-chain) transactions: Yes, between Crypti's side chains
Asset creation: Yes (later). After the initial release you will be able to create custom tokens in your side chain
Market pegged assets: Pending, maybe some developer will create it with a dapp
Asset exchange: Pending, maybe some developer will create it with a dapp
Blockchain Multisig: Yes
Marketplace: Pending, maybe some developer will create it with a dapp


Crypti will have complete decentralized applications functionality. The dapps will be coded in JavaScript. Every dapp has its own side chain and can be used to save its data. In principle nearly everything will be possible.

[Irontiga]

Burst has an asset exchange built in, and thx to the at's it can also handle multisig wallets.

[Sebastien256]

Hi Jwinterm,

I see you update the chart. That is good work.

However, you may note additionnaly that Nxt has a large asset exchange. You can take a look at the Nxt AE using those sites for example:
http://jnxt.org/jayex/?17554243582654188572
or
https://trade.secureae.com/#17554243582654188572

Nxt can also do atomic (cross chain) transaction with any chains. See again the Jean-Luc quote above (wich is the lead core dev of Nxt).

Thank you to compile all this.

[Sebastien256]

The potential for that chart to be a broad, objective comparison of some of the main 2.0 projects is there, but as it stands it is extremely biased towards NXT to the point where it's not even trying to be subtle about it (only green ticks and under construction in the NXT side...really now?), in addition a cursory glance shows glaring factually incorrect segments.

Please see the third post of this topic. I had already post the chart, but I mention the fact that it was only the Nxt collumn that was up to date. Nxt community will update the chart using the data in the current topic.

For your information, yes Nxt has every "green ticks" and "under construction ticks" for each element mention in the chart.

[Passion_ltc]

The potential for that chart to be a broad, objective comparison of some of the main 2.0 projects is there, but as it stands it is extremely biased towards NXT to the point where it's not even trying to be subtle about it (only green ticks and under construction in the NXT side...really now?), in addition a cursory glance shows glaring factually incorrect segments.

Please see the third post of this topic. I had already post the chart, but I mention the fact that it was only the Nxt collumn that was up to date. Nxt community will update the chart using the data in the current topic.

For your information, yes Nxt has every "green ticks" and "under construction ticks" for each element mention in the chart.

Nxt is NOT working on Smart Contracts, Automated Transactions, Multisig, Instant Transactions, Anonymous Transactions.