Spec Chart for Major Cryptos

[svk]

Looks better for sure! I'm still curious about those market pegged assets NXT apparently has though..

[bytemaster]

Anonymous Trx is "under construction" for BTS as well.

[yellowecho]

Please point out any glaring mistakes.

So, here it is: http://i.cubeupload.com/J02n9J.jpg

Thanks for the updates!  As defined in the NXT wiki, BitShares already has a "Monetary System".  Also "Smart Contracts" should probably be considered in-development... and (correct me if I'm wrong) "Instant Transactions" would likely be 'guaranteed' via escrow which is also in-development.   

[Damelon]

Hello people,

As promised, an updated chart.

I've also put it on our Reddit with an explanation why it's updated.

Tweet will go out soon.

Please point out any glaring mistakes. There are a few areas where things are debatable, because definitions of some features differ across projects. If we can come to consensus on definitions, that helps, otherwise, we should probably put that in somewhere to at least make clear we're not dealing with comparable entities.

So, here it is: http://i.cubeupload.com/J02n9J.jpg

I won't clog up the thread with a big pic ;)

Not bad, but BitShares does have "profit sharing/dividends".  It does profit sharing in the form of burning of transaction fees and fees for user issued assets, fees for delegate registration and there may be some other fees I'm not aware of.  These fees are all burned and  reduce the supply of BTS which equates to profit sharing as these are DAC income streams and benefit everyone in proportion to their stake.

Marketplace and smartcontracts are AFAIK in the works.

I thought multisig was already up and runnng?  Not sure.

What is "account control"?

Thanks for doing the modifications.

Account Control is what it says on the tin: an advance feature set for accounts: http://www.thenxtwiki.org/wiki/Account_Control
These features are phased in one at a time, not as one large block. For instance, our next release will include phased transactions. Broadly speaking, Phasing is a two stage transaction that isn't processed until a second condition is met.

There are a few areas where specific platform have unique features. Nxt for instance has Transparent Forging, and I am sure BTS has things that aren't present in any other platform, too.
It would be a pity to leave those out. Maybe a "doesn't apply" icon is a good way to handle those?

[CLains]

Multisig is close to been release but not yet on the main net .. so the infogfx might get outdated pretty soon :)

That's the reason that I asked them to keep updating this chart for at least three months.
I expect this chart to be constantly outdated, which is a nice testament to the pace of development we're all going through :)

Sweet idea ... +5%

It's great.  +5%

Chart is getting more awesome by the minute Damelon :)

[xeroc]

Multisig is close to been release but not yet on the main net .. so the infogfx might get outdated pretty soon :)

That's the reason that I asked them to keep updating this chart for at least three months.
I expect this chart to be constantly outdated, which is a nice testament to the pace of development we're all going through :)

Sweet idea ... +5%

[Damelon]

Multisig is close to been release but not yet on the main net .. so the infogfx might get outdated pretty soon :)

That's the reason that I asked them to keep updating this chart for at least three months.
I expect this chart to be constantly outdated, which is a nice testament to the pace of development we're all going through :)

[xeroc]

Multisig is close to been release but not yet on the main net .. so the infogfx might get outdated pretty soon :)

[CLains]

Hello people,

As promised, an updated chart. Please point out any glaring mistakes.

http://i.cubeupload.com/J02n9J.jpg

Marketplace and smartcontracts are AFAIK in the works.

I thought multisig was already up and running?  Not sure.

What is "account control"?

Marketplace and smartcontract are in the works. I would check profit sharing green as well.

1. No need to list "smart leasing" when none of the projects have it.
2. What is "account control," and "monetary system"?
3. BitShares is pseudo-anonymous with TITAN which I think deserves mention.


Anybody have the exact status of Multisig?

[Tuck Fheman]

 +5% for someone else knowing about Qora.  ;)

[matt608]

Hello people,

As promised, an updated chart.

I've also put it on our Reddit with an explanation why it's updated.

Tweet will go out soon.

Please point out any glaring mistakes. There are a few areas where things are debatable, because definitions of some features differ across projects. If we can come to consensus on definitions, that helps, otherwise, we should probably put that in somewhere to at least make clear we're not dealing with comparable entities.

So, here it is: http://i.cubeupload.com/J02n9J.jpg

I won't clog up the thread with a big pic ;)

Not bad, but BitShares does have "profit sharing/dividends".  It does profit sharing in the form of burning of transaction fees and fees for user issued assets, fees for delegate registration and there may be some other fees I'm not aware of.  These fees are all burned and  reduce the supply of BTS which equates to profit sharing as these are DAC income streams and benefit everyone in proportion to their stake.

Marketplace and smartcontracts are AFAIK in the works.

I thought multisig was already up and runnng?  Not sure.

What is "account control"?

Thanks for doing the modifications.

[Damelon]

Hello people,

As promised, an updated chart.

I've also put it on our Reddit with an explanation why it's updated.

Tweet will go out soon.

Please point out any glaring mistakes. There are a few areas where things are debatable, because definitions of some features differ across projects. If we can come to consensus on definitions, that helps, otherwise, we should probably put that in somewhere to at least make clear we're not dealing with comparable entities.

So, here it is: http://i.cubeupload.com/J02n9J.jpg

I won't clog up the thread with a big pic ;)

[xeroc]

+5%

[vegolino]

Welcome Damelon  :D

Dan's article http://bytemaster.bitshares.org/article/2015/01/03/Cooperation-Amoung-Crypto-Projects/ suggests we not burn each other to the ground each time we encounter a perceived slight, and I agree with that. There're bigger fish to fry.

I fully agree  +5%

+5%

[mf-tzo]

There's no need to waste time trying to educate the clueless western marketoid fanboys of NXT, NXT is in a death spiral with falling trading volume and market cap ...

Just let the nature take its course ...

No offence mate but NXT has more upside potential than XRP imho right now. As far as I am concerned though, I am so stuck and obsessed with BTS potential that I can't be bothered about XRP and NXT anyway..

On another note, I have been following NXT in the past before I discover BTS and as far as I am concerned Damelon is a very respective member, has been proved very honest and helpful and I hope he can visit this forum more often and exchange any ideas with our devs and this community.

[edilliam]

Welcome Damelon  :D

Dan's article http://bytemaster.bitshares.org/article/2015/01/03/Cooperation-Amoung-Crypto-Projects/ suggests we not burn each other to the ground each time we encounter a perceived slight, and I agree with that. There're bigger fish to fry.

I fully agree  +5%

[svk]

Hello people,

I am the one who commissioned this chart, mainly because there wasn't anything like it around.

Believe it or not, I have clearly stated that the chart should be correct.

I will also make sure that it wíll get redistributed on twitter wíth corrections.

When the first versions were made, it was very clearly biased towards Nxt (larger logo, Nxt in the middle, facts kept out etc), something which I said I would not pay for as that's not the purpose of it.

Of course, because it's posted from the Nxt Forums and Nxt Twitter accounts, it's quite normal for people to think that it will be Nxt biased. Suspicion in the crypto world is rather wide-spread and in the FUD-rich scene we operate in, it's understandable.

I will take the gratuitous insults in this thread in that light then.

For the rest: judge by actions, please. The changes, once checked, will be made. I would like to ask that when made, you at least grant us that much.

Dan's article http://bytemaster.bitshares.org/article/2015/01/03/Cooperation-Amoung-Crypto-Projects/ suggests we not burn each other to the ground each time we encounter a perceived slight, and I agree with that. There're bigger fish to fry.

Hope that clears these things up somewhat and I hope you will keep us on our toes with this.

Welcome Damelon and thanks for keeping it honest. I think the chart is a good idea and I quite like the design, that's why I wanted to help correct it on your forum.

[svk]

http://www.reddit.com/r/NXT/comments/2siow4/a_comparison_between_known_crypto_20_platforms/

I just couldn't resist, registered on their forum and made a LOOONG post to give them some better info..

Great work xeroc and svk! Link to NXT forum thread here.

We will get this fixed in no-time, and then we got NXTers spreading the gospel on how awesome our platform is as well :)

Correction: Network Security Costs... fraction of transaction fees.   Delegate pay does not impact security.

Indeed, corrected.

[Damelon]

Hello people,

I am the one who commissioned this chart, mainly because there wasn't anything like it around.

Believe it or not, I have clearly stated that the chart should be correct.

I will also make sure that it wíll get redistributed on twitter wíth corrections.

When the first versions were made, it was very clearly biased towards Nxt (larger logo, Nxt in the middle, facts kept out etc), something which I said I would not pay for as that's not the purpose of it.

Of course, because it's posted from the Nxt Forums and Nxt Twitter accounts, it's quite normal for people to think that it will be Nxt biased. Suspicion in the crypto world is rather wide-spread and in the FUD-rich scene we operate in, it's understandable.

I will take the gratuitous insults in this thread in that light then.

For the rest: judge by actions, please. The changes, once checked, will be made. I would like to ask that when made, you at least grant us that much.

Dan's article http://bytemaster.bitshares.org/article/2015/01/03/Cooperation-Amoung-Crypto-Projects/ suggests we not burn each other to the ground each time we encounter a perceived slight, and I agree with that. There're bigger fish to fry.

Hope that clears these things up somewhat and I hope you will keep us on our toes with this.

[bytemaster]

http://www.reddit.com/r/NXT/comments/2siow4/a_comparison_between_known_crypto_20_platforms/

I just couldn't resist, registered on their forum and made a LOOONG post to give them some better info..

Great work xeroc and svk! Link to NXT forum thread here.

We will get this fixed in no-time, and then we got NXTers spreading the gospel on how awesome our platform is as well :)

Correction: Network Security Costs... fraction of transaction fees.   Delegate pay does not impact security.

[alexkravets]

I just couldn't resist, registered on their forum and made a LOOONG post to give them some better info..

There's no need to waste time trying to educate the clueless western marketoid fanboys of NXT, NXT is in a death spiral with falling trading volume and market cap ...

Just let the nature take its course ...

[CLains]

http://www.reddit.com/r/NXT/comments/2siow4/a_comparison_between_known_crypto_20_platforms/

I just couldn't resist, registered on their forum and made a LOOONG post to give them some better info..

Great work xeroc and svk! Link to NXT forum thread here.

We will get this fixed in no-time, and then we got NXTers spreading the gospel on how awesome our platform is as well :)

[svk]

I just couldn't resist, registered on their forum and made a LOOONG post to give them some better info..

[alexkravets]

IMHO, I found the NXT community to be composed of some shrewd Russian founders/whales plus lots of clueless western fan-boys who put out such propaganda charts

[Akado]

this seem like they are bashing us honestly lol. Just make a new, fair chart and start spreading it on twitter too.

[svk]

maybe considering to add ethereum also! Just said...  +5%

Do we really know anything about Ethereum for certain?

From their comments in the thread I think they used to have Ethereum in there but removed it due to lack of info.

[svk]

I'm not sure why Transaction Fee Costs are listed as "variable" on our wiki. For a comparison like this it should just say 0.1BTS, which is the minimum fee for transfers..

Here's why Bitshares is not decentralized according to them:

Quote from: Daedelus on January 11, 2015, 03:17:27 pm
Dan Larimer describes Bitshares as "a distributed multi-user database" in his blogpost "What is Bitshares?".
http://bytemaster.bitshares.org/update/2014/12/18/What-is-BitShares/

I agree with him, it is too much of a stretch to call it decentralized.
Thanks.

I was doubting about Bitshares as well. Thanks for this confirmation.

Impressive logic that I must say. You should point them to this post instead: http://bytemaster.bitshares.org/article/2015/01/13/Decentralization-of-Nxt-vs-BitShares/

I don't believe we have Cross Chain Trading Support though so that should not be checked.

[fuzzy]

maybe considering to add ethereum also! Just said...  +5%

Do we really know anything about Ethereum for certain? 

[svk]

I complain about it on reddit/r/nxt ..

We'll see if they update it, a bit hilarious how they claim to want to do an honest job of it but somehow most of their information about Bitshares is completely wrong..

[xeroc]

http://www.reddit.com/r/NXT/comments/2siow4/a_comparison_between_known_crypto_20_platforms/

[alexkravets]

This image looks like NXT propaganda because some row's are NXT-specific which are entirely moot for other systems, i.e. "Transparent Forging" WTF ?

[xeroc]

I complain about it on reddit/r/nxt ..

[CLains]

Now everyone on twitter is passing this one around,

[xeroc]

I was pretty sure that blocktimes for bitshares were 5-10 seconds....is this incorrect?

Blocks are signed by delegates every 10 secs ... which is the BLOCK CONFIRMATION time ... hence ... on average you get a 5secs TX CONFIRMATION time :P

[fuzzy]

I was pretty sure that blocktimes for bitshares were 5-10 seconds....is this incorrect?

[oldman]

 +5%


Well done!

[xeroc]

BitShares has
- anonymous transactions are functional since the beginning

Bitshares is not private yet. See:
https://bitsharestalk.org/index.php?topic=13155.msg172745#msg172745

Yes .. I know .. but if ANY of those coins is "private" .. so is BitShares .. (maybe except those based on CryptoNote with ring signatures)

[bitmarley]

BitShares has
- anonymous transactions are functional since the beginning

Bitshares is not private yet. See:
https://bitsharestalk.org/index.php?topic=13155.msg172745#msg172745

[CLains]

I'm also surprised to learn that Bitcoin has market pegged assets while Bitshares' is "under development".

Hahaha, yeah got some heavy flaws still.

[svk]

I'm also surprised to learn that Bitcoin has market pegged assets while Bitshares' is "under development".

[xeroc]

Smart Contracts should be "under development"

[testz]

Nice comparison table.  +5%
Something wrong with "Smart Contracts".

[cass]

maybe considering to add ethereum also! Just said...  +5%

[CLains]

I think that Salsacz guy is working on it, I found him posting it in the Crypti thread

https://bitcointalk.org/index.php?topic=654463.msg10118428#msg10118428

[xeroc]

nice summary .. also see http://wiki.bitshares.org/index.php/BitShares/Why_BitShares#Comparison_of_BitShares_to_Other_Platforms

some mistakes in your table
BitShares has
- brainwallet
- anonymous transactions are functional since the beginning
- market pegged assets are functional for several months now
- messaging is functional since the beginning (encrypted) .. we now even have a user wall (unencrypted)

what's the source for the table so that we can help fix?!

[CLains]

1) Released Cryptocurrencies:

   
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       

Visa

Bitcoin

Ripple

Litecoin

Mastercoin

Nxt

Counterparty

Bitshares

Blackcoin

Qora

Crypti

Stellar

Operational

57 years

6 years

3 Years

3 Years

1 Year

1 Year

1 Year

1 Year

10 Months

7 Months

7 Months

5 Months

Consensus Mechanism

Consensus

Proof of Work

Consensus

Proof of Work

Timestamp Authority

Improved Proof of Stake

Timestamp Authority

Delegated Proof of Stake

PoW (distribution) / PoS

PoS

PoS: Purchase, Time, Identity

Consensus

Block Production Time

-

10 minutes

10 seconds

3,2 minutes

10 minutes

2 minutes

10 minutes

10 seconds

1 minute

1-5 minute

1 minute

2-5 seconds

Recommended Confirmation Time

-

6 blocks

1 block

6 blocks / 15 minutes

6 blocks

10 blocks

6 blocks

1 block

10 blocks

10 blocks

-

1 block

Worst Case for Confirmation Time

-

100 blocks (20 hrs)

-

100 blocks (4 hrs)

100 blocks (20 hours)

1440 blocks (48 hrs)

100 blocks (20 hrs)

51 blocks (8.5 min)

120 blocks (2 hours)

-

-

-

Max. Transaction Load

47.000 TPS

7 tps

-

28 tps

2 tps

3,4 tps

2 tps

10 tps

70 tps

-

-

-

Average Transaction Load

2000 TPS

1,17 TPS

0,5 TPS

0,06 TPS

-

0,05 TPS

0,003 TPS

0,05 TPS

0,08 TPS

0,001 TPS

-

-

Number of Accounts

-

2,7 million

140.000

142.000

-

93.000

7.200

230.000

6500

6200

-

-

Transaction Fee Costs

2% of transaction value

.0001 BTC

0.00001 XRP

0.001 LTC

.0001 BTC

1 NXT

.0001 BTC

Variable

0.001 BLK per kB

1 QORA

Variable

0.00001 STR

Network Security Costs

-

tx fees + block reward

low ~ secure server administration costs

tx fees + block reward

10% inflation via mining

tx fees

10% inflation via mining

a fraction of transaction (tx) fees

max 1% of expected market cap

tx fees

tx fees

-

Inflation

-

10%

Deflationary

30%

Deflationary

0%

Deflationary

Delegate positions

1%

0%

Deflationary

1%

Share Supply

Unlimited

13,7 million

31 billion (out of 100 billion)

35,5 million

0,5 million

1 billion

2,6 million

2,5 billion

75 million

10 billion

100 million

3,5 billion (out of 100,5 billion)

Average Volume (mil USD)

16518

237

1,3

2

0,002

0,03

0,03

0,1

0,05

0,0004

0,001

0,09

Share Divisibility (precision)

2 decimal places

8 decimal places

6 decimal places

8 decimal places

8 decimal places

8 decimal places

8 decimal places

5 decimal places

8 decimal places

8 decimal places

8 decimal places

6 decimal places

Blockchain Size

-

33,5 GB

430 GB

4 GB

33,5 GB

2,3 GB

33,5 GB

1,3 GB

0,7 GB

0,17 GB

STR + BTC + XRP

Brain Wallet

No

Yes

Yes

Yes

Yes

Yes

Yes

No

Yes

Yes

Yes

No

Multisignature

No

Yes

Yes

Yes

No

Planned

Yes

Yes

Yes

Planned

No

No

Anonymous Transactions

No

No

No

No

No

No

No

In Development

No

Planned

No

In Development

Instant Transactions

Yes

Yes

Yes

Yes

Yes

Planned

No

No

No

Planned

No

No

Smart Contracts

No

Yes

In Development

No

Yes

Yes

Yes

Yes

Yes

In Development

No

In Development

Automated Transactions

Yes

Yes

Yes

No

No

In Development

Yes

No

Yes

In Development

No

No

Profit Sharing

No

No

No

No

No

Yes

Yes

In Development

Yes

No

No

No

Decentralised Exchange / Asset Exchange

No

In Development

Yes

No

Yes

Yes

Yes

Yes

In Development

Yes

In Development

Yes

Market Pegged Assets

No

Yes

No

No

No

No

No

In Development

No

No

No

No

Marketplace

No

Yes

No

Yes

No

Yes

Yes

No

Yes

No

Yes

No

Merchant Tools

Yes

Yes

Yes

Yes

No

No

In Development

No

In Development

No

No

Yes

Order Matching

No

No

Automatic

No

Manual

Automatic

Automatic

Automatic

In Development

Automatic

Automatic

Automatic

Messaging

No

No

No

No

No

Yes

In Development

In Development

In Development

Yes

No

In Development

Encrypted  Messaging

No

No

No

No

No

Yes

In Development

In Development

Planned

No

No

No

Hardware Wallet

Yes

Yes

In Development

Yes

No

Planned

No

No

Planned

No

No

No

Mobile Wallet

Yes

Yes

In Development

Yes

Yes

Yes

In Development

In Development

Yes

Planned

No

No

Alias System

No

No

No

No

No

Yes

No

Yes

No

Yes

No

No

Voting System

No

Planned

No

No

No

In Development

In Development

Yes

In Development

Yes

Planned

No

SuperNET

No

No

No

No

No

Yes

No

No

No

No

No

No