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RE: Blockchain Literacy 101 & The Battle Of The Blockchains: Steemit vs. Ethereum, Lisk, etc…?

in #blockchain • 8 years ago

I think this video by @cryptomarket is a useful introduction for those brand new to crypto,

tldw:

He puts Cryptocurrencies into "buckets"

  • "dumb" blockchains (no conditional statements), BTC & alts
  • "smart" blockchains (conditional statements) ETH, EXP, ETC
  • "decentralised storage" blockchains MAIDSAFE, SIA, STORJCOIN
  • "decentralised social media/ blogger" blockchains STEEM/Steemit, AKASHA

I think it's useful to point out that different coins are tackling different use cases.

I am a fan of platforms that solve one problem really well than branch out incrementally from there. Platforms that try to take on too much too soon tend to fail.

8 years ago in #blockchain by
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     8 years ago 

    Ok... So Bitshares would fit into the same "smart blockchains" class as Ethereum, correct?

    And theoretically - one might be able to develop apps on whichever category blockchain might be most appropriate to suit the needs of the app - though could potentially be integrated with other blockchains in the same or different category via an API, custom-coded to the requirements of the application...?

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