Coins which have actually tried something fundamentally new, for better or worse. In order of their introduction.
Coins which use a novel POW:
Bitcoin - SHA256 originator
Litecoin - Scrypt originator
PPCoin - Proof of Stake
Distributed p2p domain system:
Namecoin
Coins which have used ascending rewards to mitigate premining/early mining of the network:
Nibble
Digicoin
+1
Great thread
+1
Great topic - Can i add to that a few other little "Gypsy scams" I noticed along the way, i'm not being all moral about them but its important the market is an informed market.
( sorry if been mentioned just braised will go back for in depth read soon)
- Hugh Rewards at the inception combined with low difficulty ( the opposite to the ascending reward principal)
- The principal of the "Random Large block " with of course {eye roll} a few huge "Random Blocks" being right at the start where the "developers" know and can get them.
- "The Straw Man Miner" < much harder to prove but this is an "innovative" new Algorithm that only has say a CPU miner but the Dev developed a GPU or equivalent device to give a "certain few" an ASIC like advantage.
I just want to say , in the spirit of innovation "Nybble" {name change considered soon} will try to innovate but only ever with the aim to find fair value in the market and stick to the principals of PoW , and over all be a vehicle for which hopefully investors can find a store of value in what are soon to be troubling times.
the advantage of decent quality cryptocurrency is that investors can hop on and off such a vehicle with much more speed and efficiency than with traditional Gold or Silver.
that is our long term aim.
So if the world indeed descends into a chaos and stays there for a long period, the market will adjust its fair value and use, for/towards Crypto , if we somehow muddle our way though and investors think there is need to diversify then there is ample opportunity and the market will find new fair value.
Nybble is not seeking a market , the market will slowly come to Nybble as long as we can make it the best we can with the innovation from the community.