Altcoins
 

David Stancel
stancel@blockchainslovakia.sk

- VP @ Blockchain Slovakia
/consulting, app development, lectures & seminars
 

- MSc Student @ Uni of Nicosia
/research
 

- Centre for Financial Innovations
(Ministry of Finance)
/advisory
 

- Bethereum
/advisory
 

- New Bits on the Block: http://bit.ly/2C9u33G

About me

What are Altcoins?

Classification by FINMA:
 

• Payment tokens -  means of payment for acquiring goods or services or as a means of money or value transfer.
• Utility tokens - are intended to provide access digitally to an application or service by means of a blockchain-based infrastructure.
• Asset tokens - represent assets such as a debt or equity claim on the issuer, a share in future company earnings or future capital flows, or physical assets traded on the blockchain. They are analogous to equities, bonds or derivatives.

• Supply
• Block time
• Block size
• Divisibility
• Fungibility
• Consensus mechanism

Different parameters

Consensus

• Supply - 21 M (18M)
   
• Block time -  10 minutes
   
• Block size - 1MB
   
• Divisibility - 100 M satoshi
   
• Fungibility - ?
   
• Hash - SHA256

Bitcoin

• Supply - 0,5 - 2% p.a. (99M)
   
• Block time -  14 sec
   
• Block size - 0.03 MB
   
• Divisibility - 10^18 wei
   
• Fungibility - ?
   
• Hash - Ethash

Ethereum

• Supply - 18.3 M + 0.3 % p.a.
   
• Block time -  2 min
   
• Block size - Flex
   
• Divisibility - 10^12
   
• Fungibility - hell yeah!
   
• Hash - CryptoNight

Monero

• Supply - 84 M
   
• Block time -  2,5 min
   
• Block size - 1MB
   
• Divisibility - 10^8
   
• Fungibility - ?
   
• Hash - Scrypt

Litecoin

• Supply - 56 M + 2,6M p.a.
   
• Block time -  1 min
   
• Block size - 2MB
   
• Divisibility -10^18
   
• Fungibility - yes!
   
• Hash -  PoS (Quark)
   

PIVX

Alts

Spectrum of alts

Web 3.0

Paradigm shift?

Zmena paradigmy?

ICOs

- Token emission 

- Legislative Vacuum

- Initially crowdfunding for open-source projects

--> Now tokenization of everything

--> ICO Craziness

ICOs

Choose wisely!

Questions?

Thank you!

stancel@blockchainslovakia.sk

Biweekly Newsletter - New Bits on the Block:

http://bit.ly/2C9u33G