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Beyond Bitoin : The Bitcoin 2.0 movement

Beyond Bitoin : The Bitcoin 2.0 movement. ron@mastercoin.org. Bitcoin Predecessors 1990-2007. Bitcoin 2008. Decentralized. Mining. Blockchain. Bitcoin Forks – “ Bitcoin 1.1” 2010-2014. Next Gen Currencies - Bitcoin 2.0 2012-2014. Ripple - XRP. U.S Company – Ripple Labs

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Beyond Bitoin : The Bitcoin 2.0 movement

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  1. Beyond Bitoin:The Bitcoin 2.0 movement ron@mastercoin.org

  2. Bitcoin Predecessors1990-2007

  3. Bitcoin2008 Decentralized Mining Blockchain

  4. Bitcoin Forks – “Bitcoin 1.1”2010-2014

  5. Next Gen Currencies - Bitcoin 2.02012-2014

  6. 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

  7. Ripple - XRP $100 trust $70 trust Charlie Jane Bob $200,000 trust $1,000,00 trust Gateway = Bank

  8. Ripple - XRP

  9. 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”

  10. 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

  11. Counter Party • Master Protocol Fork • Proof of Burn – 2124 BTC burned • Anonymous Creators • Fast Progress

  12. Nxt • Pure proof of stake currency • Reduced network traffic (deterministic forging) • Alias system (Namecoin like) • Messaging system • Asset issuance & exchange

  13. BitShares • Pioneered the concept ofDistributed Autonomous Corporation • Share creation and trade • No price feeds • Fundraiser by: • Mining (ProtoShares) • Investment (AngelShares)

  14. 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

  15. Thank You! ron@mastercoin.org

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