Crypto Review - Cryptocurrency Analysis

[superresistant]

Have you Guys looked at MedCoin?
https://bitcointalk.org/index.php?topic=397831.0
I find this one very interesting, it's a HybridScryptHash256 Algorithm, That uses Scrypt and Hash256 in a chain (...)

This is a topic for innovative cryptocurrencies. Proof-of Work (mining) is obsolete and it doesn't matter if you mix algo together.

[1715063066]

1715063066

[1715063066]

1715063066

[kikeda]

huntercoin

https://bitcointalk.org/index.php?topic=435170.0

one of a kind

[lovely89]

Have you Guys looked at MedCoin?
https://bitcointalk.org/index.php?topic=397831.0
I find this one very interesting, it's a HybridScryptHash256 Algorithm, That uses Scrypt and Hash256 in a chain (...)

This is a topic for innovative cryptocurrencies. Proof-of Work (mining) is obsolete and it doesn't matter if you mix algo together.

Agreed. The subject is clearly 'innovative alternative crypto currencies'. True 'innovation' is thinking outside the box, like all of the ones listed, not reorganizing what's already there.
If you want POW, bitcoin is doing pretty darn well and minor changes aren't going to swing the thoughts of the masses.

[CoinHoarder]

I added a list of cryptocoins I am going to add to the list and also a new section for discussion topics for the thread. If you support one of the listed cryptocoins I'd like to add to the list, then you can help me out by writing a short description of the coin and listing some important links for the coin if you're so inclined. Similar to how you see it in the OP please, that would be great!!!

I added this to the OP, but it bears repeating: This is not investment advice, it is mainly for academic purposes. I see this as being a list of improvements and changes to Bitcoin and/or brand new cryptocoins not based on Bitcoin. In a few years we can look over this list and pretty much have a road map for a ground breaking second generation currency that encompasses the best features from all innovative coins. I feel like having a list of innovative developments in regards to cryptocoins will help developers make second generation coins. This can be a resource for them to do research about different innovative ALT coins that have come before them and what they did right and what they did wrong.

Added the following to the OP:

To Be Added At A Later Date:
You can help me by writing a short description for any of the following coins, so it allows me to add it to the list quicker. I admit I have been pretty busy and am having trouble finding time to update this list. Any help would be much appreciated!
- Quarkcoin (The first to implement multiple hashing functions)
- Ethereum (Ethereum is a platform and a programming language that makes it possible for any developer to build and publish next-generation decentralized applications.)
- Megacoin (Kimotos Gravity Well)
- Devcoin (Use of receiver files, and first crypto made to support open source programmers and writers)
- Freicoin (introduced demurrage)
- Gridcoin (and maybe Curecoin) rewards you for BOINC processing.

Discussion Topics:
- Technical: What is the most ASIC/GPU resistant cryptocoin to date? MY guess is it is one of the more memory hard Scrypt coins.. possibly one with a dynamic N factor. There are a lot of them now and I'm not sure which implementation is the best. There's quark, YACcoin, vertcoin, securecoin, etc... Maybe one of these CPU mined coins: https://bitcointalk.org/index.php?topic=379601.0

[tacotime]

We're still around, fulltime development starts this week.

I would add the following decentralized storage solutions:
- maidsafe (maidsafe.net) launching in april http://blog.maidsafe.net/2014/02/18/token-on-maidsafe-network/
- jstor (talk to super3 on freenode if you want to learn more); winner of the texas bitcoin conference hackathon. launching soon.

[CoinHoarder]

We're still around, fulltime development starts this week.

I would add the following decentralized storage solutions:
- maidsafe (maidsafe.net) launching in april http://blog.maidsafe.net/2014/02/18/token-on-maidsafe-network/
- jstor (talk to super3 on freenode if you want to learn more); winner of the texas bitcoin conference hackathon. launching soon.

Thanks for the update.

EDIT: Nevermind I am dumb, you are developing Netcoin AKA. MC2.... not Decrits. I'm getting my second generation cryptos mixed up.  

[CoinHoarder]

Changelog:

Netcoin (MC2): Updated whitepaper to version 0.05, full time development starts next week.. stay tuned to the MC2 thread an update is coming soon!

Datacoin: Added to the list:

Datacoin
Datacoin was released on November 17, 2013.
Website: http://datacoin.info/
Thread: https://bitcointalk.org/index.php?topic=325735.0
Announcement thread: https://bitcointalk.org/index.php?topic=358592.0
Web applications thread: https://bitcointalk.org/index.php?topic=405992.0
Block Explorer: http://www.chainbrowser.com/

- Datacoin is a reliable, censorship-free currency that can be used for transactions and data storage within its sophisticated blockchain.
- Data is stored in the blockchain forever and can be retrieved using a transaction hash as an identifier. Datacoin is a platform that can be used by applications such as torrent trackers, encrypted messaging services, and can be used to store other kinds of small data - all censorship-free!
- Developers can store torrent files, certificates, and with future development, HTML pages and other kinds of meta-information in the Datacoin blockchain.
- You can install the wallet from the right-side menu. Windows users can use a GUI wallet, Linux users should compile datacoind or Datacoin-QT from source (see instructions). - Wallets are in development, and more features are coming soon, but the wallet's current functionality is similar to other coins.

Huntercoin: Added to the list:

Huntercoin
Huntercoin was released on February 1, 2014.
Website: http://huntercoin.org/
Post-release thread: https://bitcointalk.org/index.php?topic=435170.0
Pre-release thread: https://bitcointalk.org/index.php?topic=300538.0
Twitter: https://twitter.com/ChronoKings
Words to live by: WARNING > DO NOT STAY IN THE SPAWN AREA FOR 30 BLOCKS or YOU WILL DIE.  

- First human-mineable cryptocoin
- 1 minute transaction times
- Human Mine-able – Mine with your mind.
- Machine Mine-able – Dual Algo – SHA256 (like Bitcoin) and Scrypt (like Litecoin)
- Merge Mineable – With Bitcoin (and other SHA256 Coins) and Litecoin (and other Scrypt Coins)
- P2P Decentralized Massively Multiplayer Online Cryptocurrency Game – MMOCG
- Based on Namecoin – The First Altcoin, and still the most innovative. Allowing things like decentralized DNS

Counterparty: Added to the list:

Counterparty
Counterparty was launched on January 2, 2014.
Website: http://counterparty.co/
FAQ: http://counterparty.co/faqs
Wiki: http://counterparty.co/wiki/main
Thread: https://bitcointalk.org/index.php?topic=395761.0
Forums: http://forums.counterparty.co/

Counterparty is a distributed financial system built on top of the Bitcoin blockchain. Counterparty’s focus is on enabling the creation and use of financial instruments (such as company stock and other asset issuance, betting, derivatives/hedging, distributed asset exchange, and more) to occur on top of Bitcoin. As Counterparty transactions are encapsulated within valid Bitcoin transactions, they inherit the scalability and security of Bitcoin itself.

Why build your crypto-financial application on top of Counterparty?
- The core Counterparty features are available for use today, and are indeed in use.
- The Counterparty protocol and rules are defined and straightforward, which makes implementation quicker and less error prone.
- Counterparty’s launch utilized proof of burn, with no funding advantage given even to the core developers. It was arguably one of the fairest cryptocurrency launches to date.
- Similar to Bitcoin, Counterparty has a fully functional reference client (counterpartyd) with a well-defined JSON-RPC API. This allows for rapid application development on top of the Counterparty protocol.
- Counterparty is not dependent on one individual or one group of people. It operates as a decentralized effort, leveraging the full power and ability of the community at large, with a well defined set of principles and social contract between the community and the core development team.

YACoin: Added to the list:

YACoin
YACoin was launched on May 7, 2013.
Website: http://www.yacoin.org/
Original thread: https://bitcointalk.org/index.php?topic=196196.0
New thread: https://bitcointalk.org/index.php?topic=206577.0

YACoin was created in May of 2013 and was the first to introduce the N parameter of Scrypt. Check out the Technical Info page for more details. We recently passed out 420,000 block, and are soon approaching 500,000! Many coins come and go well before then. We've just got started! Think YACoin has a small community because we don't have the promotional and marketing juggernauts of some other coins?

[CoinHoarder]

I just added 4 coins to the OP, perhaps someone can help me add some of the others?? I'm done for a while.. 

[markm]

- Craftcoin (first crypto for use in-game.. Minecraft)

There is nothing about Craftcoin that makes it any more or less usable in games than, for example, bitcoin.

No innovations whatsoever in fact.

It is not even the first actually used in-game.

Bitcoin was in fact already for use in games as well as for many many other uses.

There is nothing innovative about using bitcoin in a game or using litecoin a game or whatever, regardless of whether you scratch out the word "bitcoin" or "litecoin" and write "someothername" in in crayon.

Otherwise you might as well also say it would be innovative for me to scratch out the name "Craftcoin" and put the name "Arsefuckcoin" in its place and call it a coin created for fucking you in the arse.

-MarkM-

[CoinHoarder]

- Craftcoin (first crypto for use in-game.. Minecraft)

There is nothing about Craftcoin that makes it any more or less usable in games than, for example, bitcoin.

No innovations whatsoever in fact.

It is not even the first actually used in-game.

Bitcoin was in fact already for use in games as well as for many many other uses.

There is nothing innovative about using bitcoin in a game or using litecoin a game or whatever, regardless of whether you scratch out the word "bitcoin" or "litecoin" and write "someothername" in in crayon.

Otherwise you might as well also say it would be innovative for me to scratch out the name "Craftcoin" and put the name "Arsefuckcoin" in its place and call it a coin created for fucking you in the arse.

-MarkM-

Good point MarkM. I want this list to be a community effort, thanks for your input! I think I agree with you about Craftcoin.

I think Huntercoin is still innovative though because you can actually mine coins by playing the game. I don't have any other gaming coins on the list atm, but I'm sure there will be more in the near future.

EDIT: On that note, I am taking Fluttercoin off of the proposed list. Although the varied block values and therefore varying supply cap is somewhat different, I decided it's not really different enough to be deemed innovative. Other coins have tried variable block rewards before.

[CoinHoarder]

Any new coins I should be on the lookout for? 

[kdrop22]

Informative thread, following.

[CoinHoarder]

I'm running 3 months behind on this thread. I thought I'd just update the list of coins I plan to add. I also changed the name of the thread to include Decentralized Apps/Companies/Funds, as we are seeing a lot more of these lately. It is very exciting.. this is only the beginning. I hope you guys are ready to decentralize everything known to man!

If anyone wants to help me update some of these additions to the list, it would be much appreciated. Even more so if you did it in the same format as the OP, as I could just quote you and copy and paste (I am trying to keep the list organized.) Feel free to submit coins that you think should be on the list, as I know there are other projects that are pretty cool too. Anyways.. If not, I am pretty sure I will likely add the following as soon as I can get to it:

Cryptocoins To Be Added At A Later Date:
- Quarkcoin (The first to implement a short rounds of multiple hashing functions as the proof of work)
- Ethereum (Ethereum is a platform and a programming language that makes it possible for any developer to build and publish next-generation decentralized applications- 2nd turing complete cryptocoin.)
- Megacoin (Kimotos Gravity Well)
- Devcoin (Use of receiver files, and first crypto made to support open source programmers and writers)
- Freicoin (introduced demurrage)
- Gridcoin (and maybe Curecoin) rewards you for BOINC processing.
- Maidsafe (decentralized data storage)
- Swarm (crowdfunding & asset issuance)
- Bitshares & Bitshares AGS (crowdfunding & asset issuance)
- OpenBazaar (decentralized marketplaces)
- LBTCoin (Let's Talk Bitcoin- first news/radio coin, they only will take LBTCoin for sponsorships and advertising, which is how it derives its value in the open market.)
- APICoin (decentralized APIs)
- Permacredits (The Local Currency for the Global Permaculture Movement)
- Qixcoin (first turing complete coin & decentralized game engine IE.. poker, gambling, games, etc.)
- Bitfrog (decentralized gaming IE. poker, gambling, gambling, games)
- BitNPlay (decentralized poker)
- MyriadCoin (first coin to integrate mining of multiple hashing functions simultaneously)
- Bytecoin (Originator of Cryptonote technology)
- Monero (cryptonote coin focused on privacy and anonymity)
-

[foodies123]

please look into myriadcoin .

[CoinHoarder]

please look into myriadcoin .

Looks neat. I like the idea. 

[statdude]

CryptoNote coins?

[CoinHoarder]

CryptoNote coins?

Ah yes, I have read a bit about CryptoNote technology.. admittedly it is hard to keep up. So probably should add Bytecoin, the originator and are there other implementations that are a vast improvement on it? Cryptonote.org

[fordlincoln]

amazing list
glad i stumbled upon it today
thank you for mentioning swarm and api coin

you could start a wiki!

[CoinHoarder]

amazing list
glad i stumbled upon it today
thank you for mentioning swarm and api coin

you could start a wiki!

No problem

Maintaining this list helps me keep track of what's going on in the crypto world. It is moving so fast, it's hard to keep up.

[CoinHoarder]

I added the following to the "coins to add" list:

- Bitcloud (Bitcloud is an open source distributed database and escrow agent that allows people to share data and create distributed applications.)
- Storj (decentralized data storage)
- MetaDisk (Metadisk is the first storage focused blockchain-distributed web application, which means that there is no central authority or entity that controls your data. Metadisk runs on top of the Storj prototype platform, which allows users to sell their hard drive space for coins.)
- Darkcoin (a little late adding this one... it is one of the first "coin join" implementations via Dark Send)
-