Cryptocurrencies that may change the world

Almost every cryptocurrency exchange is listing new ‘penny stocks‘, but what we need is decentralized & scalable currencies that will be used everyday in the future. Cryptocurrency space is filled with ‘fake cryptocurrencies' & scams, this is actually common on exchanges with highest trading volume. Currently the exchanges that actually care about the quality of coins being listed: Qtrade.io (US based) vinex.network (Singapore based) (Note that fx-c.com does not guarantee safety of any exchange)  Qtrade.io community is on discord: https://discord.gg/Nc8TvMF

This page is still being updated. It's possible certain project will be removed.

What is not cryptocurrency

What is cryptocurrency

Cryptocurrencies are usually the kind of digital currency that are designed to be decentralized or trustless.

For now, Some of them focus more on becoming better decentralized currencies, some of them focus more on becoming smart contract platforms for decentralized applications.  Some of them are not general purpose cryptocurrencies.  This may change in the future.

There are probably 5000+ cryptocurrencies & digital tokens, why the coins on this page  belong to the  top 20?

The reasons are as follows:

  • Security over scalability. A more secure, less scalable currency has higher value than a less secure, more scalable currency.
  • Decentralization over centralization. This is what cryptocurrency is all about:  Decentralization. And everything else being equal, the more decentralized a currency is, the more secure it is. A good example: fiat currencies are much less secure than decentralized currencies, because they have single points of failure. ( This also means decentralized currencies are all undervalued.All of the World’s Money and Markets in One Visualization)
  • Proof of work over proof of stake (Explained here: http://www.truthcoin.info/blog/pow-cheapest/)

Degrees of Decentralization & Trustless :

There are no 100% decentralized currencies, but some currencies are designed to be more decentralized than others.

  • Centralized:
    • 1 Tokens from Initial Coin Offerings ( A person or company issue tokens)
    • 2 Fiat currency (The government and central banks control & print fiat money)
  • Decentralized:
    • 3 Bitcoin (Mined by miners from all over the world, world currency)
    • 4 New Generation of decentralized currencies(Mined by miners from all over the world, world currency)
  • Currently there are 3 strategies for mining decentralization:
    • 1 Trying to develop algorithms to prevent ASICs & FPGAs and sometimes GPUs. This often fails based on this article:The State of Cryptocurrency Mining
    • 2 Choosing an algorithm that make the coin very easy to make Asics(or FPGA) for.  This is what Amoveo did. According to Amoveo creator zack: “The goal is for there to be multiple competing asic manufacturers instead of just one. By making it easy to build, more people can afford to compete.”
    • 3 Using New form of proof of work or completely new consensus algorithm :  Proof of space (Burst & Chia), Proof of IOPS of storage (Snowblossom), Proof of Diversity:  NYZO
  • Learn more about Trustless: Theory of trust by Amoveo Inventor Zack(Must Read)

Warning: Cryptocurrencies are still at its early days.  No projects are 100% guaranteed to succeed in the long term. There's risk in anything, bitcoin included. If you are an investor of cryptocurrencies, you should only invest what you are willing to lose.

All of the cryptocurrencies below are designed to be decentralized currencies.

Decentralized Currencies

The first killer app of distributed ledger technology is decentralized and censorship resistant currency.

Currently, projects that focus more on becoming better decentralized currencies: 

  • Bitcoin $BTC

    • Programiming Language: Written from Scratch in C++
    • Consensus Mechanism: PoW (Proof of work, video: What is PoW &PoS)
    • Block hashing algorithm: SHA256
    • No ICO, No premine
    • 1st decentralized currency, most well known, longest history, strongest network effect, backed by most hashing power(mining), backed by electricity
    • Secure & Slow
    • Bitcoin is the most well known cryptocurrency, for now it's so well known that some people unconsciously think cryptocurrency = bitcoin
    • Value Proposition: Digital Gold, Store of Value
    • Some of bitcoin's problems:
      • #1 Governance (Who will making decisions for bitcoin?)
        • This problem could cause endless Hard Forks
      • #2 Mining Centralization (How decentralized are bitcoin miners?)
      • #3 Scalability (How fast is bitcoin?) (video1, video2 Lightning network)
      • #4 Mainstream Adoption (When will everyone start to hold bitcoin?)

Note: Any definitions or statements that are made below each project are simply reiterations of what the team has stated themselves. The author is not explicitly or implicitly vouching for the validity of these claims or the efficacy of these projects.

 

  • Snowblossom $SNOW

    • Programming Language: Written from Scratch in Java
    • Consensus Mechanism: PoW (Proof of work), specifically, Proof of IOPS;
    • No ICO, no premine
    • Simple – Modern, Efficient, and Readable
      • Snowblossom is written in a straightforward fashion so that anyone could verify or maybe even contribute. Snowblossom is also built deterministic ally with bazel
    • Decentralization: Genuinely ASIC Resistance via IO Based Proof of Work
      • ASICs or “Application Specific Integrated Circuits” are super powerful processors made for doing one thing, very very fast. In other cryptocurrencies, these specially created chips have created severe problems with miner centralization, and as a result, threatens their censorship resistance, scaling, and more.
      • With OTHER cryptocurrency mining:
      • Hardware Hashes Per Second
        CPU 50,000
        GPU 100,000,000
        ASIC 14,000,000,000,000!
      • Snowblossom is designed to cripple specialized hardware attempts by requiring an expanding, massive amount of readily available storage, and relies on the IOPS of that storage. In theory, even millions of dollars in equipment would not be capable of delivering much faster storage or ram.
      • According to Snowblossom Creator: “Consensus is PoW mining based on a random reads into a large snow field. This makes the mining more IO bandwidth intensive than CPU/GPU/ASIC. Sure, someone could build something that does more raw IOPS than a regularly available NVME drive or DDR4 stick, but it probably won’t be much more price effective. This means mining will be in the hands of a large number of people. Hopefully.”
      • “In more detail, the hashing algorithm is based on doing reads into the large snow field files. They started at 1gb, but are up to 256gb right now. Each hash operation requires 6 lookups into that field. The field is generated using a nightmarish algorithm that ensures that you can’t just quickly make a few chunks of the file in memory as you need them. People can generate the file, the algorithm is checked in, but it writes sectors over and over as it progresses through its rounds so it takes some time. Most people download the torrents. But the merkle roots of these files are checked in as well, so nodes and clients don’t need these huge files to validate blocks. The block headers include a merkle proof for each of those reads to prove the data was there as included in the headers. It makes the headers a few kb larger than other coins but I think it is a reasonable trade-off.”
    • Post-Quantum Security: (Read more on snowblossom wiki:Quantum Tough)
      • It's estimated that 256-bit elliptic curve (what bitcoin uses) could be broken by a quantum computer with about 1600 qubits.
      • Currently, If you use QHARD keys (which is a 3of3 multisig with EC, 8192-bit RSA and DSTU) in your Snowblossom Client you should be safe until quantum computers are in the 16000 qubit range.(In March 2018, the chip google announced is only 72 qbit)
      • Snowblossom is waiting for a winning quantum resistant algorithm from the NIST Post-Quantum Cryptography process: [1] Since Snowblossom is designed to support multiple signing algorithms, if someone comes up with a new signing method it can be added(assuming it follows the standard form for signing and verification).
      • It is possible that the winner or winners will be state-full algorithms that require more data to be tracked or have other requirements that will make them more difficult to add to Snowblossom, however with our flexible protobuf based protocol design we are confident that it can be done.”
      • “So in short, once the algorithms are ready and vetted we will add them to Snowblossom and get to full Quantum Resistant or even Quantum Safe.”
      • Read More about Quantum computing attacks
    • Scalable
    • Portable
    • Low Energy
    • Ready to go Block Explorer, Pool, Miner software
    • Technical Design
    • Learn more:
    • Traded on: Qtrade.io vinex.network
    • Community:

 

  • $NYZO

    • NYZO – The highly efficient blockchain that actually works for everyday spending.
    • Programming Language: Written from Scratch in Java
    • Consensus Mechanism: Proof of Diversity (NYZO invented Proof of Diversity)
    • Nyzo is an open-source, highly decentralized, democratic, and highly efficient blockchain.
      • Fast: 7-second block duration
      • Scalable: can support thousands of transactions per second
      • Sustainable: includes a plan for immunity technological obsolescence
      • Democratic: will be 100% community controlled within one year
      • Open-source: all-new, concise, readable code
      • Secure: blockchain is independently mathematically verifiable
    • About NYZO Codebase
      • The codebase does not use a single line of code from any previously existing blockchain project.
      • NYZO is not a derivative of another project, and it is not just a few new features or a slight design change from other projects.
      • NYZO didn't fork an existing codebase and swap out one part of the process to make it seem like they created something new.
      • NYZO didn't duct-tape together a bunch of huge libraries to create a massive, unwieldy project.
      • The only dependency is a small library implementing EdDSA cryptography.
      • The source is simple and easy to read.
      • The Nyzo source is licensed under the Unlicense, and the cryptography library it uses is licensed under the CC0 license.(These are exceptionally permissive licenses that give as much control as possible to the community)
    • Nyzo is exceptionally flexible and extensible — the sender data field of Nyzo transactions allows for virtually unlimited possibilities for applications that utilize the Nyzo blockchain — but this flexibility is not obtained at the cost of reliability or stability.
    • Scalability
      • The block time is seven seconds, and the system scales well to high transaction volumes.
    • Transaction fees are low and predictable.
    • Decentralization:
      • Proof of diversity (Not POW or POS)
        • It is a totally new proof system that relies on diversity of participation for strength.
        • While proof-of-diversity has its own unique concerns that must be addressed to ensure integrity of the blockchain, it is immune to many of the attacks and problems inherent to proof-of-work and proof-of-stake systems, and it is significantly more efficient.
        • Unlike proof of work, which can be manipulated at will by anyone in possession of sufficient computational resources, proof of diversity requires active participation in a particular blockchain to have any influence on that blockchain.
        • There is no mining.
        • Simply participating in the mesh gives a node the opportunity to verify transactions, and the queueing system is designed so that transaction fees are distributed equitably to all participants.
        • Very little computational power is required of a node, and having superior computational power will not allow a node to gain a larger share of transaction fees.
      • Proof of diversity(POD) vs Proof of work(POW)
        • POD is faster and at the same time  decentralized
        • NYZO:
          “in speed, we simply take the first hash that is computed
          so instead of going through millions, billions, or trillions (or more) hashes, we just take the first
          and proof-of-diversity will naturally get more decentralized over time
          unlike PoW, which actually has a tendency to get less decentralized with the big mining operations
          if we look at block 0 of Nyzo, we had 100% of the cycle
          and then we let a few other people in
          and if there's a manipulation of the system to try to keep control of the cycle, the best you can ever do is keep the current level of decentralization
          but if the system works properly (and we're going to keep working on it to make it work properly), then it will always be more decentralized tomorrow than it is today
          and it is almost impossible to go in the other direction, as long as there aren't bugs in the system
          and we're doing everything we can to work the bugs out of the system”
    • Governance(Democratization)
      • At early stages, NYZO developers plan to continue contributing to the official Nyzo repository indefinitely, and NYZO developers will let the community decide whether they want to use developers' implementation.
      • While the proof-of-diversity blockchain has some rules that must be followed, these rules are incredibly simple, and all of the consensus rules can be modified or replaced without jeopardizing the proof of diversity.
      • At any point in time, the decisions of the active verifiers in the current verification cycle determine the direction of the blockchain.
    • Post-Quantum Security
      • NYZO: “from our perspective, we think that we're still far enough from any legitimate concerns from quantum computing”
        “it's one of those things that can be changed later without risking the authoritative form of the Nyzo blockchain”
        “yes, a 3000-qubit quantum computer would likely allow someone to forge a version of the current Nyzo blockchain (if they had one right now), but everyone would still know what the authoritative version of the blockchain is, and we would have plenty of lead time to switch to a quantum-resistant scheme”
    • Sustainability
      • If technological advancements render the current Nyzo system or blockchain obsolete, and a new blockchain needs to be released, all the coins in that system should be derived from original Nyzo coins.
      • The way the sustainability program works is described in detail in the nyzo whitepaper.
      • “Applying this(the sustainability program) transitively, we can imagine a fifteenth generation of Nyzo enabling global commerce 200 years from now, with every last coin in that system having a lineage traceable back to the Genesis block of the original Nyzo blockchain.”
    • Adoption:
      • NYZO: ‘our real goal is that if you want to buy anything digital, then Nyzo would be by far that most reasonable, most efficient choice and we think we'll have no problem scaling to tens of thousands of transactions per second of course, it will take a lot more computing power from the verifiers to do that but the really fun thing about Nyzo is that verifiers can actually be profitable not like PoW where more and more people will start mining if the coin becomes more valuable'
    • Learn More: https://nyzo.co/whitePaper
    • Traded on: Qtrade.io vinex.network
    • Community:

 

  • Decred $DCR

    • Programming Language:Golang
    • Consensus Mechanism: Hybrid PoW & PoS (PoS, Proof of stake)
    • No ICO; The premine consists of 8% of the total supply of 21 million coins (1.68 million coins).This was split equally between compensation for bring-up costs and an “airdrop”.
      • Bring up costs (840,000 coins, 50% of premine, 4% of total Decred supply). This means Company 0 and its developers will have put roughly USD 415,000 into the bring-up since April, 2014 and receive 4% of the total supply, 840,000 coins (at USD 0.49 per coin). Coins held by Company 0 will be used to fund its ongoing work on open source projects, such as Decred and btcsuite
      • Airdrop (840,000 coins, 50% of premine, 4% of total Decred supply). The airdrop concluded with awarding 282.63795424 DCR to 2972 participants
      • More : https://docs.decred.org/faq/general/
    • Hashing Function: BLAKE256
    • Innovation: Decentralized governance (On-Chain) (https://proposals.decred.org/)
    • The main Decred development group started as the Bitcoin developers who develop btcsuite, a widely respected Bitcoin implementation in Golang that has been used by several high-profile projects including, but not limited to, Ethereum, Factom, BitGo, OpenBazaar, and the Lightning Network.
    • Decred is an autonomous digital currency. With a hybrid consensus system, it is built to be a decentralized, sustainable, and self-ruling currency where stakeholders make the rules.
    • MissionAutonomy is self-rule. Stakeholders make the rules.
    • Decentralization:
      • Consensus Voting  Decred uses an innovative hybrid proof-of-work (PoW) proof-of-stake (PoS) system to give stakeholders decision-making power about the set of consensus rules to activate. This allows for a seamless transition from one set of rules to another while keeping the existing blockchain ecosystem intact.
      • Decentralized governance (On-Chain): Politeia (Pi) is a platform that supports Decred’s governance.
        • Pi is a censorship-resistant blockchain-anchored public proposal system, which empowers users to submit their own projects for self-funding from DCR's block subsidy.
        • It facilitates the submission, tracking, and discussion of Decred governance proposals by the stakeholder community.
        • Pi ensures the ecosystem remains sustainable and thrives.
        • Decred’s approach to decision-making is grounded in the principle of stakeholder voting.
        • To vote, stakeholders must time-lock DCR to buy tickets. While tickets are live they can be used to cast a vote for or against each open Politeia proposal.
        • Decred is community-powered. Stakeholders who participate in Decred’s decision-making are rewarded for their efforts. Sustainable funding and a resilient contractor model allow for anyone to join Decred at any time and engage in its governance. Decred’s value is in the people who work on it.
    • Scalability:
      • Lightning Network  Decred implements smart contracts that work. Lightning Network (LN) is one such application of a low-latency off-chain system that allows for near-instant micropayments in DCR. With LN, Decred directly competes with existing fiat payment systems.
    • Atomic Swaps Decred does not require reliance on centralized exchanges. With cross-chain atomic swaps between different digital currencies, users can conduct trustless over-the-counter (OTC) trades without a third party.
    • Traded on: Gate.io , Binance, Bittrex
    • Community:

 

  • Dero $DERO

    • Twitter: https://twitter.com/DeroProject
    • No ICO. Premine total: 2 million Dero(~10% of total supply. 5% DEVS + 5% Community funds. Premine gets unlocked in steps in 4 years.)
      “Dero has no ICO, or community funding of any kind. A premine was deemed to be necessary for the long term development and success of the project.”
    • Programming Language: Written from Scratch in Golang.
      • Dero Team implemented a world-first: a complete re-write of the CryptoNote protocol in Golang.
      • This programming language was chosen because it has a high degree of immunity to security vulnerabilities such as buffer overflows and dangling pointers.
    • Consensus Mechanism: PoW (Proof of work) + DAG
      • Proof-of-work (PoW) hashing algorithm: CryptoNight
      • PoW +DAG consensus Dero is the first crypto project to combine a Proof of Work blockchain with a DAG block structure and wholly anonymous transactions.
    • Privacy Coin/Anonymous blockhain
    • Dero Atlantis. 
      • Atlantis (Codename)is a new type of blockchain designed by dero team
      • It is resistant to 51% hashrate attacks and softforks..
      • It combines the Cryptonote protocol with directed acyclic graph and Bulletproofs. However, these are not just any Bulletproofs, but what have been coined Rocket Bulletproofs, leading to blocktimes of just a few seconds.
      • In a controlled environment, the Atlantis network can achieve blocktimes as low as three seconds processing a thousand transactions per second.
    • World's Fastest Anonymous blockhain, Blocktime:12 Seconds.
      • The fully distributed ledger processes transactions with a twelve-second average block time and is secure against majority hashrate attacks.
      • This is by far the fastest CryptoNote based blockchain ever deployed, with up to 75 transactions per second.
      • A relatively longer twelve second block time was chosen so that people in locations with sub-optimal network connectivity could still participate in the network.
      • The Dero team plans to reduce the blocktime further in coming years, as network infrastructure improves around the world.
    • Private Smart Contract: Dero is the first CryptoNote blockchain to have smart contracts on its native chain without any extra layers or secondary blockchains.
    • Fully SSL/TSL encrypted network
    • The Dero Coin provides the means of exchange within the Dero network and will be used to power smart contracts. As with any Proof of Work network, the Coin is emitted through mining, with each new block providing a specific but progressively diminishing reward.
    • The goal of the Dero project is a blockchain network that can serve businesses and individuals around the globe, allowing for secure, fast and anonymous transactions and smart contract execution. 
      • Although the Bitcoin network is globally well established, it suffers from slow transaction times and does not support smart contracts.
      • The Ethereum network allows for smart contract deployment, but the transactions and smart contract details are visible to everyone, which greatly reduces the number of possible applications, as many companies and individuals want to keep their financial transaction and contract details private.
      • The Dero project is currently developing an entirely new blockchain technology which will be the first to support private smart contracts combined with industry-leading transaction throughput.
    • Read More:
    • Traded on: StexTokok
    • Community:

 

  • Pascalcoin $PASC

    • Programming Language: Written from Scratch in Pascal
    • Consensus Mechanism: PoW (Proof of work)
    • Hash Algorithm: RandomHash
    • Lead Developer: https://twitter.com/PascalCoinDev
    • Launched 100% fairly in late 2016 without any ICO or premine
    • Scalabiility:
      • Safebox: SafeBox complements the blockchain in a way that allows the blockchain history to be deleted as an option while retaining its full cryptographic security. The SafeBox also in effect removes any blockchain memory bloat, a universal problem for all other blockchains' full nodes. This paves the way for true decentralization.
      • Because of  safebox, pascalCoin can run for hundreds of years at a ultra-high throughput whilst maintaining a finite, minimal storage footprint on a mobile device.
    • Zero fee. PascalCoin's 0-confirmation transactions offer instant and secure payments for merchants. Users are permitted 1 zero-fee transaction every 5 minutes.
    • Smart Contracts (on Roadmap): The  architecture will allow large-scale smart contracts in the form of Layer-2 protocols. Currently supports smart-agents, monetized APIs and sidechains. Roadmap includes PoS overlay network for full Ethereum-style contracts which are intrinsically sharded.
    • Privacy(on Roadmap): The architecture also allows for comprehensive privacy including zk-SNARKs without sacrificing its infinite scalability. In-protocol transaction mixing and tumbling capability have been enabled. zk-SNARKs is also on the roadmap.
    • Governance & Treasury: PascalCoin had no ICO or premine. Anyone can make proposals for funding from the 20% mining reward reinvested in a Decentralized Autonomous Organization (DAO)
    • According to bismuth lead developer hclivess, he learned from pascalcoin:
    • Traded on: Tokok
    • Community:

 

Platforms for Smart Contract & Decentralized Applications

The 2nd killer app of distributed ledger technology is smart contract platforms. (Video about smart contracts) (Video: What are “Dapps” and why is nobody using them? )

Currently, cryptocurrencies that focus more on becoming platforms for decentralized applications:

  • Bismuth $BIS

    • Programming Language: Written from Scratch in Python
    • Consensus Mechanism: Proof-of-Work (custom implementation) + HyperNodes (custom implementation)
    • Hashing algorithm: SHA224
    • Signing algorithm: PKCS1_v1_5
    • No ICO , no premine
    • Lead Developer: https://twitter.com/tezosevangelist
    • https://bismuth.cz/summary/
    • Bismuth is a blockchain protocol and a platform at the same time. It has an innovative approach to database scaling, introduces the concept of private contracts and limits the contract execution to users willing to participate, while keeping them publicly verifiable.
    • “Inception of Bismuth was preceded by a long research of the forerunning technologies like Bitcoin, NXT or Ethereum. The issue these systems had in common was the lacking integration with outside applications and complicated mechanisms for import of such applications to the blockchain itself. Unlike the predecessors, Bismuth offers multiple levels of access – though network, direct database access, and the OpenField™ decentralized application layer, all of them in a very straightforward manner.”
    • Hyperblock. Hyperblock allows transactions to be compressed regularly, reducing the size of the blockchain to the amount of accounts present in it. Currently it saves 96% of RAM usage and enables users to save as much drive space when their client is configured only for hyperblocks.
    • Data & Operations. OpenField allows users to save their data into the blockchain, including private and public messages, communication with decentralized application interpreters, document fingerprinting for legal purposes, complex operations for shared-state contract execution.
    • Polysig. Bismuth will support multiple cryptographic algorithms, signing and address formats to protect users from quantum attacks. The mix will include current RSA, SHA224, newly introducing ECDSA (SECP256k1) and BLAKE2b
    • Hypernode. The masternode design for Bismuth includes a secondary proof of stake blockchain to collect metrics independently and without interference in order to reward users who provide reliable nodes.
    • Privacy. Bismuth support Tor's onion network integration for completely concealed transaction routing. Bismuth also provides a transaction mixer private contract based on public key encryption to make sender and recipient unlinkable.
    • Intellipool. To keep transaction fees low, Bismuth introduces a programmable mempool solution, which allows to prioritize transactions based on their partially configurable properties. This prevents transaction delays.
    • Semantics. The concept of operations abstracted from normal blocks, but stored outside of them, enables unlimited content including on-chain forking without disturbing the underlaying system.
    • With the Hyperlane extension, Bismuth network participants will be able to transfer data selectively and without strict blockchain sequencing. This technology might enable sidechains, fully scaling decentralized data storage and instant data delivery
    • Bismuth hyperlane scales indefinitely, because it is: Unenforced, Selective, Scattered, Infinitely extensible
    • Read More: 2017.9.29 #Cryptointerview with @tezosevangelist (Lead developer of Bismuth)
    • Traded on: Qtrade.io vinex.network
    • Community:
  • Tezos $XTZ

    • Warning about projects that raise funds through initial coin/token offering:  Sometimes early presale buyers of ICOs can get million of coins or tokens at as low as 1/100 cheaper prices or even free. It's not always transparent.  ICOs are often a way of ‘stealing' money from the public. Not all ICOs are bad, but be more careful with tokens that had raised funds through ICOs.

    • Programming Language: Written from Scratch in Ocaml
    • Consensus Mechanism: LPOS (Liquid Proof-of-Stake)
    • Tezos was the 3rd largest ICO of 2017, raised $232,000,000.  ICO date: 2017.7.1
    • Tezos is a blockchain that can evolve by upgrading itself. Stakeholders vote on amendments to the protocol, including amendments to the voting procedure itself, to reach social consensus on proposals.
    • In Tezos, stakeholders govern the protocol.
    • Tezos supports smart contracts and offers a platform to build decentralized applications.
    • Self-Amendment Self-amendment allows Tezos to upgrade itself without having to split (“fork”) the network into two different blockchains.
      • This is important as the suggestion or expectation of a fork can divide the community, alter stakeholder incentives, and disrupt the network effects that are formed over time.
      • Because of self-amendment, coordination and execution costs for protocol upgrades are reduced and future innovations can be seamlessly implemented.
      • Proposed amendments that are accepted by stakeholders can include payment to individuals or groups that improve the protocol.
        • This funding mechanism encourages robust participation and decentralizes the maintenance of the network.
        • Fostering an active, open, and diverse developer ecosystem that is incentivized to contribute to the protocol will facilitate Tezos development and adoption.
    • On-Chain Governance The Tezos protocol offers a formal process through which stakeholders can efficiently govern the protocol and implement future innovations.
      • In Tezos, all stakeholders can participate in governing the protocol.
      • The election cycle provides a formal and systematic procedure for stakeholders to reach agreement on proposed protocol amendments.
      • By combining this on-chain mechanism with self-amendment, Tezos can change this initial election process to adopt better governance mechanisms when they are discovered.
    • Smart Contracts & Formal Verification
      • Tezos offers a platform to create smart contracts and build decentralized applications that cannot be censored or shut-down by third parties.
      • Furthermore, Tezos facilitates formal verification, a technique used to improve security by mathematically proving properties about programs such as smart contracts. This technique, if used properly, can help avoid costly bugs and the contentious debates that follow.
    • Security The Tezos blockchain was designed to facilitate formal verification, which helps secure smart contracts and avoid buggy code.
    • Proof-of-Stake Tezos’ unique proof-of-stake consensus algorithm gives every stakeholder the opportunity to participate in the validation of transactions on the network and be rewarded by the protocol for doing so.
    • Traded on: Gate.io
    • Learn More: https://tezos.gitlab.io/master/

Blockchain for Financial Derivatives

The 3rd killer app of distributed ledger technology is blockchain for financial derivatives.

“Financial derivatives are an important part of finance today. They are for risk management and investment. Financial derivatives are the biggest part of the economy that can be put onto a blockchain. The most popular cryptocurrency project that facilitates financial derivatives will be worth hundreds of trillions of dollars.”

Amoveo $VEO

  • Programming Language: Written from Scratch in Erlang
  • https://amoveo.io/ (maintained by amoveo community members)
  • Consensus Mechanism: PoW (Proof of work)
  • Hashing Algorighm: SHA256
  • No ICO, no premine
  • Amoveo is lead by the person(zack)who invented state channels and turing complete state channels. (History of the invention of State Channels.).
  • Zack also wrote the minimum viable product for aeternity & augur. From one of Zack's tweets: “I designed Augur, Aeternity, and Amoveo. I implemented the minimal viable product for all 3 projects. I wrote Amoveo after learning from my mistakes in the previous 2 projects. Amoveo has the best design. It can scale much bigger.” https://twitter.com/zack_bitcoin/status/990177154863378432
  • Amoveo is a blockchain meant for enforcement of investment and insurance contracts.
  • Using Amoveo you can host a market on a server where you make money every time anyone trades. Using Veo in the markets, you can buy and sell risk in anything
  • With Amoveo it is impossible for customers to steal from a market, and it is impossible for the market to steal from its customers.
  • Governance:
    • Amoveo may make governance through on chain voting  obsolete. (decentralized governance through on chain voting is the key value proposition of tezos & decred)
    • According to zack:
    • Using amoveo's oracle, the parameters that define the system can be modified. The mechanism is built with the goal that the oracle will choose parameters that make the value of Veo increase. Read more about governance here
    • The variables that define how to participate in Amoveo can be modified by the Amoveo community using a built-in process. This way Amoveo will always stay optimally tuned to produce the best results.
    • 2018.8.25 Amoveo’s First Futarchy Market
  • Dominant assurance contract.  This is a contract made for raising money for public goods. It is not like an ICO, no new subcurrency is created. This make initial coin offering obsolete. (icos are bad., insured crowdfunding, raising funds with amoveo)
  • Derivatives, not Subcurrencies. It is impossible to do ICOs on Amoveo, but Amoveo does support other forms of fundraising. Amoveo has something much better than subcurrencies, it has derivatives. With derivatives, you can build an asset that stays the same value as a Euro. It is a synthetic asset. You can send these synthetic-Euros to your friends, and treat them like Euros. You could participate in a market that is priced in synthetic-Euros. Read more about subcurrencies and why they are incompatible with channels here.
  •  “The killer app of blockchain is a scalable market to trade assets whose price is determined by a trust-free and affordable oracle. State channels are worthless without markets. There is no value in being able to make smart contracts if you can't securely determine the market price for those contracts. All the rest of the security doesn't matter if they can get away charging you above the market rate. A market provides liquidity, so you can trade financial risk with other users at the current market price. Markets on Amoveo are centralized and trust-free. Each market exists on a centralized server. The market is secure because the rules are enforced by channel smart contracts. Here is an explanation of how the market smart contract works.” (From amoveo github)

 

The title of this page are can also be renamed to currencies that may change the world, because cryptocurrencies  are the kind of money that will eventually be used by everyone.  They are world currencies that are  already being adopted by many people in the world. The trend of decentralization & digitization will not be stopped. For now, speculator adoption is an important part of the process.

Cryptocurrencies that have controversies

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$AE Aeternity

$AE https://github.com/zack-bitcoin/amoveo/blob/master/docs/why_I_left.md

$AE $VEO Why I stopped working on Aeternity, why Amoveo is born.

blog.zerononcense.com :

$ETH Ethereum Why You Should Expect Ethereum to Eventually Hit Zero

$ZEC ZCASH is Nothing More Than a Pump and Dump, Get-Rich-Quick Scheme

$ADA Cardano Review

$NEO: The Great Heist (An Analytical Research Case Study) Pt. 1

$NEO Serious Issues With $NEO: It Does NOT Work!

$DBC Debunking Deepbrain Chain

$TKY Archiving What a Disaster TheKey’s ICO Was

$OMG OmiseGO is One of the Most Audacious Attempts at Centralization I’ve Ever Seen (Op-Ed)

$OMG OmiseGO Empirical Evidence That Omise OmiseGO Have Created Fake Executives in Their Company’s Structure

$XVG Verge is One of the Most Unsafe, Risky Investments in All of Crypto

$XVG The Verge Blockchain Has Been Compromised and the Developers Have No Clue What to Do About It

$TRX Tron Full Review (January 5th, 2018)

$XRP Ripple Review: An ACTUAL Critical Analysis of the Company and its Token, $XRP

$XRP Ripple Why Ripple Isn’t a Good Long-Term Investment

Neither $QSP or $BNT Should Be Trusted As Reliable Platforms in Crypto

$POWR Power Ledger  Review (Spoiler: Thumbs Down)

$TEL Telcoin 11 Reason Why I Think Telcoin WON’T Work

$TRUE TrueChain EXPOSED: The Archetypal Chinese Crypto Scam

$PAY TenX  https://archive.is/8ZHuC

$PAY TenX  New Video Appears to Link TenX President to Lyoness Pyramid Scheme By David Z. Morris

Twitter Threads

$XRP Ripple https://twitter.com/mdudas/status/1065804676690518017

$IOTA  Erinn Atwater: https://archive.is/Puuuh

$IOTA Sarah Jamie Lewis https://archive.is/29NXP

https://twitter.com/sarahjamielewis/status/1015608526553604098

https://twitter.com/SarahJamieLewis/status/1012918320931090432

https://twitter.com/SarahJamieLewis/status/1010731016456003584

Adversaries, Distributed Ledgers & Decentralization

$IOTA Nic Carter https://archive.is/lNemG

$EOS https://twitter.com/panekkkk/status/1001627755736322048

From other websites:

2018.7.5 Chinese Bitcoin Superrich Li Xiaolai’s Foul Words Roil Crypto World

2018.7.6 Air Coin, Funds, Li Xiaolai’s leaked recording reveals coin circle ‘underpants’

Summaries of different cryptocurrencies

Note: Any link from fx-c.com to an external website does not imply or mean that we endorse the content or the use of such website.  The views and opinions of the authors of content published on other websites does not necessarily state or reflect the opinion of fx-c.com

Digestible summaries for some coins: https://twitter.com/Dmitriysz/status/972538280062447617

Comprehensive Descriptive List for the T75 Cryptocurrencies

100 cryptocurrencies described in four words or less