Which will be the dominating scalable coin? (NEM vs. IOTA vs. Radix vs. EOS...)

[Fuserleer]

Pruning != Scalability

Sure, you can chop a hole in the bottom of the bucket to dump some water, but it can still only fill up as fast as your tap.

Pruning allows you to manage the size of the block chain over time, not how many transactions it can process per second.

Although this is correct I still think that a scalable coin should also have pruning.

If the blockchain gets to large more and more nodes cannot afford anymore to save the whole blockchain.
This not only leads to centralization but the network would finally also get very slow or even crash as millions of clients cold try to request or send data to very few remaining full nodes at the same time that cannot handle that load anymore.

Good point that although pruning is not all that needs to be considered when scaling a cryptocurrency, it is still a good feature to have as far as optimum scalability goes.

Indeed yes, pruning should be implemented where possible.  Just wanted to point out the difference as it can seem quite subtle.

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[AleSergio]

XtraBytes is also infinitely scalable.

XtraBytes just need to go on other exchangeres such as Bittrex at least and not sit only where they are. Also they should start promoting their coin. They just need to start doing something and than we will see this coin going to the moon

[mjneat]

Iota i think. Its hasn't hit an exchange but the price is moving. Just wait until next year because IOTA will hit an exchange. It will be a hit. It's good to hold because the devs are active and responsive. I bought some of it when the price was 50 sats. Just watch their slack channel.

It's on finex since last week. It's how it came to my attention. I'm not sure on the game theory & security aspects. It took me a while to fully grasp bitcoin even though I have been in this space since 2011 (taking a crypto course, months of reading). I can see potential with IOTA and am looking for a good investment since I've recently fucked up greatly with my btc costing me a fortune. I still think bitcoin will be king it may just take 20 years to realise. This tangle tech does seem pretty cool.

[yestur]

Byteball looks ok and it been tested in real life already in a way, during their 'Fair distributions' on every last 6 Fullmoons.

[jabo38]

Pruning != Scalability

Sure, you can chop a hole in the bottom of the bucket to dump some water, but it can still only fill up as fast as your tap.

Pruning allows you to manage the size of the block chain over time, not how many transactions it can process per second.

actually.... pruning is directly related to scalability.  everybody is fixated on tx/s but that is just one measure.  

with many chains there is a bottleneck wrt tx/s, but lets say some public blockchain has nailed it and figured it out, then what?  

now we have 1000's of txs per second which means millions of users and a chain that is swelling much faster than any chain ever has before.

soon the chain is many gigabytes/terabytes.  soon VPNs and even home computer hard drives are just way too small.  people have a choice to shut down their node or spend money and upgrade.  In coins like Bitcoin, these people running nodes are even being rewarded! That all goes to miners.

so quickly the "decentalized" network goes from 1000's of nodes to 100's of nodes to 10's of nodes when it is just too expensive to keep a full record of every tx ever.  

this is why scalability of chain size and possible solutions like pruning or snapshotting come into play and directly are related to scalability. having 10's of nodes trying to serve millions of people with 1000's of tx/s is just asking for the network to run into problems and with that overload on those few remaining servers..... well..... now they aren't doing 1000's of tx/s anymore, if they even manage to stay running.

[daniweb]

I understand that the EOS tokens will have value only if the blockchain running eos.io decide to actually use these tokens to convert them into the "blockchain tokens". But they are not obliged to, because they can change the rules as they wish. I am missing something?

[Pedagang]

IOTA is not even a blockchain based project

it is in it's own category

https://en.wikipedia.org/wiki/IOTA_(Distributed_Ledger_Technology)

[Hansen]

Radix - scalable (pruning included), stable, it has apps, a chat and mailing system, a debit card running on its own network and a dev and team who didnt need an ICO to raise funds yet - because they truly believe in the idea behind it.

---nothing for a long time. A very long, long time ---

EOS
NEM
IOTA

[Pedagang]

Radix - scalable (pruning included), stable, it has apps, a chat and mailing system, a debit card running on its own network and a dev and team who didnt need an ICO to raise funds yet - because they truly believe in the idea behind it.

---nothing for a long time. A very long, long time ---

EOS
NEM
IOTA

but no users,no VCs just tech

yea good luck

[Peachy]

Radix - scalable (pruning included), stable, it has apps, a chat and mailing system, a debit card running on its own network and a dev and team who didnt need an ICO to raise funds yet - because they truly believe in the idea behind it.

---nothing for a long time. A very long, long time ---

EOS
NEM
IOTA

but no users,no VCs just tech

yea good luck

No luck needed.  It's now out in the wild with real customers.

Status update:
First "live" product released utilizing the Radix protocol.
Not a beta, not a POC, not a trial version:  But a real working solution with a real company
https://twitter.com/radixdlt/status/900357606220251136

I'll give you a hint:
It's with one of these companies
https://techcrunch.com/2017/08/22/yc-demo-day-s17-day-2/

[bstewart]

Iota i think. Its hasn't hit an exchange but the price is moving. Just wait until next year because IOTA will hit an exchange. It will be a hit. It's good to hold because the devs are active and responsive. I bought some of it when the price was 50 sats. Just watch their slack channel.

Wew, 50 sat.

You got a fucking steal, man.

[s90x]

I have bet 80% on iota

[Peachy]

Status update:  Whitepaper released

https://www.radix.global/

[kandholabhavna]

I think out of the most IOTA is the best candidate and EOS is somewhat I am not looking forward to too much.

[icryptonator]

If the number of transactions per second is the dominant factor - in your openion - then:

Bitcoin: is capable of 7 transactions per second.
Litecoin: 28 transactions per second.
IOTA : 112 transactions per second.  (It is not the best right now.)
PascalCoin: 100 transactions per second.

Digibyte: 560 transactions per second.
XMR : 1,700 transactions per second

NEM :  10,000 transactions per second
Dash : 10,000 transactions per second

I have not checked other coins data, but seemingly the highest capability now is Nem and Dash. It could be that this will change in future.

Source of information: Coincheckup.com
As per their analysis Nem is a stronger coin than dash, in respect of Team and Advisors.
My vote is for Nem.



 

[celobr32]

An important aspect for a cryptocurrency to be become big is scalability.
Ethereum recently pumped due to Bitcoins lack of scalability, but the bancor ICO showed that Ethereum also scales poorly.

So the next big thing will probably be a currency that scales well. But which one will be the leading one?

NEM (with catapult), IOTA, Radix and EOS probably will be able to handle thousands of transactions per second.
In my opinion this is worth nothing if there is no pruning to remove old data. However, it is difficult to find information about which of these coins are able to efficiently prune old data.

So an important question this thread could answer is which of them actually scale well enough for mass adoption (by for instance having efficient pruning).

Furthermore, all these coins have different capabilities. EOS is a full Ethereum competitor, NEM can run simple smart contracts and Radix has several applications running on top of it (I did not get into it). Not sure about IOTA. Which of them has in your opinion the best capabilities and how important will this be to become the dominating currency (in market cap)?

... and of course there is still bitcoin. Do you think the lightning network will solve bitcoins scalability problem?
I see the problem that the technology is complicated (you need to keep a payment channel open all the time) might be too late (we need a solution now and not in a year) and in the end all lightning transactions must still be settled on the blockchain which still requires huge blocks for mass adoption. 

Hello!

IOTA have great future this tecnology is the best!

[swapnilkale008]

To buy IOTA Ethereum coin most recommended exchange cryptocurrency so before IOTA prices increase there will price growth of  ETH will be seen Source: IOTA Vs Ethereum

[cryptohunter]

Byteball eventually

Some others mentioned here are vapourware until proven otherwise

[Marvell1]

If we talk about the smart contract platform then my bet is NEM. They are going to release NEM 2.0 Catapult at the first half of 2018. If you mean any type of projects the it should be IOTA/byteball due to the similar concept.

[okiefromokc]

So, it is now mid Feb of 2018, Radix has been running various soak and stress tests at explorer.radixdlt.com.  A few days ago they did 1 billion transaction in 2 days, today another soak test is running for 1 day 10.5 hours and completed 926 million transactions. Which would put that at 926M / 34.6/3600 or  7434tx/sec.

This is what scaling is all about...