Full list of truly decentralized altcoins.

[BurstDevTeam]

Burst has always had its own "DEX" built into the wallet. You can easily just go in and create your own token very quickly, and it immediately is tradeable against BURST on the built-in exchange. Right now, these are referred to as "assets", but just replace the word "asset" with "token" when checking this out, and it will make more sense to you.

There is another exchange in development on Burst, called BTDEX, and we will always encourage use of the Burst platform! It is utilizing the BlockTalk framework for creating smart contracts in JAVA.

Important Note - Though a few members of the Burst project team are part of the BTDEX team, it is not an official part of the Burst project.

The beginnings of BTDEX will be looking a lot like Bisq, though you will not need to leave your apps open to keep your trades live (it is all recorded to the chain), and it also goes faster as Burst's block time is 4 minutes vs BTC's 10.

You can check out more information on the BTDEX threads -

BTDEX - https://bitcointalk.org/index.php?topic=5214739.msg53514973
TRT Token - https://bitcointalk.org/index.php?topic=5214742.msg5351508

Of course, please visit the Burst thread as well! -  https://bitcointalk.org/index.php?topic=1541310.0

* This is not an endorsement of the BTDEX exchange. Everyone is encouraged to do their own research and make their own decisions.

[bobelr]

Disclaimer: This list is for my personal use only and not intended as investment suggestion. Do your own exhaustive research. By reading this post you accept to take your full responsibility for any decision you can make.



I'd like to create a list of truly decentralized altcoins.

My criteria are:
- open source code
- no ICO
- no presale
- no premine since the beginning
- no instamine
- no orphaned blocks for everyone during the launch
- no source files published after launch
- no initial low difficulty
- not a token
- decentralized organizational structure
- no "owner" or individual/group/company holding the majority of the stock
- has a not moderated announcement on the platform not controlled by the coin owners/community/devs
- no unknown platforms announcement
- no roll-backs or patches to recover coins,
- no connection issues soon after launch
- no last minute ANN
- announcement published in English
- no founder's rewards
- no dev fees
- no automatic allocation of funds by the code to dev team, yes to the community decided distribution of funds
- traded on a trustless crosschain exchange

Please mention a currency that in your opinion fits into above criteria.
If you don't agree with criteria we can discuss them here as well and your opinion is welcome.
 
The result of this research:
- seems like at the moment there is no currency fitting into above criteria. Once BarterDex will release their v2 DEX we'll have new candidates to evaluate.

Here is the list of the coins that are compliant to all the above criteria except the last one:

1) Coins with the 24H volume over 1 BTC
- Monero (traded on Bisq)
- Vertcoin* (tradable on BlockDx, will be potentially tradable on BarterDex v.2)
- Ravencoin (tradable on BlockDx, traded on Crypto-bridge)
- Dogecoin (tradable on BlockDx, traded on Crypto-bridge)
- Namecoin (tradable on BlockDx)
- Grin (tradable on Bisq)
- Aeon (potentially tradable on Bisq)
- Burst (they are working on their own Dex)
- Blackcoin (was potentially tradadble on the v.1 of Barterdex)
- Peercoin
- Primecoin

2) Coins with the 24H volume between 1 and 0.5 BTC
(work in progress)

Small coins suggested by the participants of this discussion that fit into our criteria:
- Datacoin (was tradable on BarterDx v.1)
- B3Coin (they are working on their own Dex)
- Slimcoin
- Pandacoin


______________
* Vertcoin has 150 coins of test premine pre-announced since the beginning

Let's round it up by listing best decentralized wallets, I give you AtomicWallet. Super cool with functionalities suitable for you.

[magneto]

This is a fantastic list. Keep it up.

I think that Monero is one that is very underrated because of the fact that it is actually decentralised and addresses the anonymity issue. I think that even theymos himself once said that XMR is one of the only projects that BTC could borrow some features from. Also, it's a simple coin, and not some utility token which is intrinsically centralised.

These fundamentals should be what investors look for. Not hype.

[Flux0z]

One of the MOST decentralized projects I know off is: Blocknet.

So I'm kind off surprised you didn't put it on your list. Blocknet is an old school project from 2014, however they are first movers on DEX developments, and their decentralized oracle service (XRouter) speaks for itself, although still in beta.

You can read more about their DEX right here, if interested: https://blockdx.com/

[Andretti83]

Karbo should be on the list too.

Launched in 2016, no special treatment for the devs (not by random chance, but because this is devs philosophy). Actively developed (has ~10 wallet updates in 2020, and already 2 updates in 2021).

Yet doesn't satisfy last requirement (dex). But this is fixable.

[d5000]

I hope @helpix.world is still around, because I would like this list to be regularly updated. Anyway I'm planning an own incentive, with different "decentralization tiers". Basically until now my idea is the following:

Tier 3: All cryptocurrencies without premine, ICO and/or developer bonus. This already narrows down the current list a LOT. (This would include coins like Dash and BCash).
Tier 2: Additionally, no instamine (criteria for that have to be defined), stealth mining, and no centralized development. (In this list, for example Dash would not be included anymore, but LTC would, but only since Charlie Lee's departure as "benevolent dictator". An inclusion of forkcoins like BCash here would have to be discussed.)
Tier 1: Strict additional criteria like those helpix.world mentioned in the OP, like availability on exchanges, volume and DEX.

One of the MOST decentralized projects I know off is: Blocknet.

Unfortunately Blocknet is not suited for helpix.world's criteria because it was launched with an ICO, which implies a premine did happen.

Karbo should be on the list too.
Launched in 2016, no special treatment for the devs (not by random chance, but because this is devs philosophy). Actively developed (has ~10 wallet updates in 2020, and already 2 updates in 2021).

This could be a candidate. It would have to be proven that there was no premine, today unfortunately I can't inspect the source code but I may do in some days.

[Joe-Bloggs]

Good list but a few problems.
Although I favour pow launches the initial distribution doesnt really define how decentralized the design is or how wide the distribution is after a period of time. Even pow launches are rigged and launched like steam or dash. Even if it's not proven it can be that the devs and a few friends mine up vast swathes.

The distribution though is impossible to determine correctly. Something that was very widely distributed initially can gravitate to a few huge whales undetected. What you require is whale protection so that even if this is the case a single whale can not manipulated the market. It is much more complex than it seems.  

For pure decentralized value in that they provide services in a decentralized manner that others cant compete with are

Blocknet - the best attempt at a dex
Bitbay - the best p2p market place, incorporating DDE and decentralized peg

Actually in terms of being truly decentralized nothing comes close to Bitbay.
The entire obsession of the developer ( among the smartest here) is to decentralize every aspect that could be decentralized.
Even the voting mechanism.

I have respect for many of the projects listed. Smooth is a great dev (aeon) and rat4( blackcoin now blacknet)
Monero of course.

However the stipulation of no ico is flawed. I prefer pow but the very best decentralized projects here that are not just copying bitcoin or Ltc but going further to fill the gaps of creating an entirely decentralized system with no need for centralized exchanges or services are Bitbay and Blocknet.

Other notable mentions are Zano, blacknet, 0byte, komodo, etc. These are some of the highest level developers here that are obsessed by decentralized everything.

Check out Bitbay. This has to be the very pinnacle of decentralization. They even have a dex on the way.
There is no project more decentralized.

Decentralized market place
DDE no centralized arbiters
The only real decentralized peg or anti volatility mechanism
Decentralized voting
Decentralized exchange almost done.
It is going to be its own decentralized entity that provides everything you could need to survive depending on no outside sources except the internet and the dev even has plans for this.

[muenze]

The Threadstarter has not been online since 2019 I hope he comes back.

Did anyone make a list of all the listed projects and which were most successful as of now?

[barbara44]

Honestly truly decentralized is something we haven't even seen yet if you ask me. Why? Because almost all of these has at least one thing that makes them not truly decentralized, it could be some team behind it developing it that has the chance to change things, it could be 51% attack, it could be someone getting 80%+ of all coins via purchasing if they want to and controlling it (which even bitcoin is not totally free from), it could be anything related to transactions and exchanges.

Basically I believe the fully 100% decentralized one is not even around right now, it would be very difficult to manage to make something like that available and I think it is not going to happen but it is definitely something that could be done one day, all we need right now is to find people who would want nothing at all in return of building something like that.

[d5000]

(Necropost for those following this "nerdy" topic) Due to the recent developments - SEC action against centralized "security" coins, MiCa in the European Union - I've started a new related topic in English: Decentralized altcoins which (probably) never will be securities.

The thread contains a list with all coins which fit criteria very similar to those I described in post #12 here in this thread as "Tier 1 and 2" plus non-premined coins with independent  blockchains. I will unregularly update price and ATHs.

Basically the criteria to be included in my list are:

- no premine
- no centrally distributed dev fees or dev rewards
- independent blockchain (no fork from another coin, example: BCash)
- non-permissioned: distribution must include a way to validate and earn coins decentrally which does not require to own coins (i.e. "pure PoS" coins are not allowed; PoS/PoW or even PoS/PoC are fine)

I have added Karbo now (it seems to fit at least my criteria) and am reviewing another coin, Koinos. Perhaps someone following this thread has discovered some more coins meeting the criteria, so I can add them.