Beyond Bitoin:The Bitcoin 2.0 movement

ron@mastercoin.org

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 You!ron@mastercoin.org