beyond bitoin: the bitcoin 2.0 movement [email protected]
TRANSCRIPT
Bitcoin Predecessors1990-2007
Bitcoin2008
Decentralized
Blockchain
Mining
Bitcoin Forks – “Bitcoin 1.1”2010-2014
Next Gen Currencies - Bitcoin 2.02012-2014
Ripple - XRP
• U.S Company – Ripple Labs
• 100% pre-mine, 50% is distributed to public
• Credit lines: Alice trusts Bob trusts Charlie
• Consensus protocol – trusted server list
Charlie JaneBob
100$ trust 70$ trust
1,000,00$ trust
200,000$ trust
Gateway = Bank
Ripple - XRP
Ripple - XRP
Colored Coins
• Take a satoshi, and color it
• Anyone can color
• The color represents a promise
• Coin is traded on the Bitcoin network as usual
• Cannot invest in “Colored Coins Coin”
Master Protocol - MSC
• A layer on Bitcoin – fully integrates with BTC
• Basis for created currencies and smart assets
• MSC created in fundraiser – 4700 BTC collected, held by non-profit Foundation
• Advanced features – betting, trustless contracts, security
Counter Party
• Master Protocol Fork
• Proof of Burn – 2124 BTC burned
• Anonymous Creators
• Fast Progress
Nxt
• Pure proof of stake currency
• Reduced network traffic (deterministic forging)
• Alias system (Namecoin like)
• Messaging system
• Asset issuance & exchange
BitShares
• Pioneered the concept ofDistributed Autonomous Corporation
• Share creation and trade
• No price feeds
• Fundraiser by:– Mining (ProtoShares)– Investment (AngelShares)
Ethereum
• Strong scripting language
• Stateful contracts– Multisig “Already got 2 sigs, need 1 more”
• Miners rewarded for running computations
• Not a Cloud Computing replacement!
• IPO model with pre-mine to founders
Thank [email protected]