What are your thoughts on Digitalcoin, Securecoin, Frankos and Zetacoin?
No thoughts yet - there are hundreds of coins out there - takes a few hours to really research one properly - any reason I should be curious about any of these . . . how do they address the 3 questions?
Yes, your research is appreciated. I am not an economist, nor an professional trader, which is one of the reasons I was seeking 3rd party opinion.
I believe these coins are very interesting simply because they are established and have very active communities. The developers also seem to be on the ball and are always willing to further the cause for their coins. I will try to address the 3 questions as best I can and I will also send a message to baritus, defaced and Giskard to elaborate on them as they will likely be able to answer the questions better than I can.
Digitalcoin:Q1: Inflation: Much like the Bitcoin/Litecoin model there will be a total of 144.5 Million coins. Rewards started at 20, then down to 15 and they will half every 3 years until the hard cap is reached. 40 second blocks with 15 DGC reward and a difficulty retarget every 108 blocks.
Q2: Development: This is what sets DGC apart from the rest. I would say that apart from BTC and LTC, Digitalcoin has the most active development out of any other alt coin out there. They are the first alt to have a working lightweight java client (similar to electrum) where you do not need to download the entire blockchain. This client will also directly integrate with coinmart (a brand new marketplace website).
http://blockr.io offers a full set of tools to explore the digitalcoin block chain. It visualizes the transaction data, mining information, and price trends to provide useful charts and data aggregates that update live. You also have access to an extensive API. The CryptoAve exchange is in it's final stages of beta with public released scheduled this week. This exchange will allow for users to trade DGC/SRC/ARG/PPC/BTC/LTC directly to USD. An option that not many coins can have. CryptoAve will also feature a payment processor so merchants can easily accept Digitalcoin. They also an android app and multiple services and places to spend DGC. So right off the bat, it is set apart from a standard pump and dump coin that only has a wallet and is listed on an exchange.
Q3: Decentralization: It is a scrypt coin. However, Digitalcoin has also never been 51% attacked in the 8.5 months since release. This is a stat that only a select few coins can claim. Digitalcoin also uses random checkpoint blocks to ensure the validity of the blockchain (Baritus can elaborate on this).
Securecoin:Q1: Inflation: Securecoin is a CPU only coin (much like Quark). However with a similar distribution model as Bitcoin and a fair launch. 1 minute blocks with 5 SRC rewards. Rewards half every 2.1 million blocks until the maxium of 21 million SRC are minted. It is also feature on multiple exchanges including btc38.
Q2: Development: SRC is part of the Digitalcoin family so all developments that is being done for Digitalcoin will surely be implemented to SRC shortly after. It will be a part of the CryptoAve service mentioned above, meaning conversion to fiat and payment processor.
Q3: Decentralization: Uses 6 algorithms to secure the blockchain (Grøstl, Skein, BLAKE, BLUE MIDNIGHT WISH, JH, SHA-3). Meaning you cannot currently mine with with your standard GPU, ASIC. It is strictly a CPU coin.
Franko:Q1: Inflation: Rare coin with 0.25 block rewards occuring every 30 seconds. Block rewards half every 2.25 million blocks until a total of 11.2 million coins are minted. The kimoto gravity well has just been implemented to address difficulty adjustment.
Q2: Development: Franko has one of the most dedicated developers out there behind the coin (defaced). He is constantly promoting his coins growth and acceptance and is heavily involved with almost everything crypto related. His coin is actually supported by a few local businesses in his area. The coin is supported by multiple online merchants and gaming sites as well as local pawn shops in Atlanta. I am very impressed with development and community efforts for this coin. They also have nifty tools such as an Android wallet.
Q3: Decentralization: Scrypt Algorithm using kimoto gravity well to adjust difficulty dynamically to help secure the network and prevent abuse.
Zetacoin:Q1: Inflation: SHA-256 coin with 30 second blocks with difficulty retargetting every 4 blocks based on the last 90 blocks. Block rewards are 1000 ZET halving every month and not dropping below 1 ZET/block. The system is inflationary, meaning that once the rewards go down to 1 ZET, they will be 1 ZET forever. So after 1 year 160 million will be mined with approx 1 million new ZET being minted every year thereafter. I'd also like to point out that at the current value, ZET has a very low daily maintenance cost for approx $250/day.
Q2: Development: Zeta also seems to have a rather active development team. They have an Android wallet and an exchange in the works. They also have the support of the NOBS community. They are currently in an acceptance phase with many merchants coming on board and starting to accept Zeta.
Q3: Decentralization: SHA-256 algorithm so would follow the same as Bitcoin I would imaging.
I'd also like to point out that none of these coins had any form of premine or instamining upon launch. They were all fair launches as far as I can tell.
I'll also ask the coin devs to toss in their input in this thread.
If you have anything to add, then be my guest
