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Ethereum vs NXT
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Author Topic: Ethereum vs NXT  (Read 1514 times)

curiousgeorge

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Ethereum vs NXT
« on: November 18, 2017, 04:46:41 am »

What are the major differences between Ethereum and NXT?
Which one is better?


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Caracalla

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Re: Ethereum vs NXT
« Reply #2 on: November 20, 2017, 10:46:15 am »

Love Capablanca :)

Yesterday, was thinking to invest in the Signal ICO, so I have downloaded Etherum blockchain for the first time, and horror ! All my RAM was used (I have 16G and about 14 was used, with 8CPU employed), and finally I discovered that Etherum database = 60 GB now (the NXt database = 3GB, nothing in comparaison).

So I understand the main Etherum issue is here...

But to remain objective, without limited technique skills I confess (and a "middle" english langage as you see), my thoughts are:
- maybe the Etherum database is so big because of a lot of daily transactions?
- and inversely, maybe the NXt is not so big because there is only a few daily transactions ?

As NXters, I think we cannot remain always in some kind of "snob" position regarding Ethreum or other crypto. The fact is the Etherum ICO was successfully, impressive, and a lot of people have left NXt this past two years. So we need some kind of autocriticism too, and not always tell around NXT is the best system ever but unfortunatly just the NXters know this !

The Etherum wallet is so poor compared to NXT (just the NXT asset exchange make the difference for me). I am still without understand why so much investors have left NXt to go into Etherum project. Why jl777 have left ??? Why Coinimal doesn't support NXT transactions now ? Etc.

Do we assist to a marketing problem ?

(Again sorry for my bad english - and no time now to correct me more)
« Last Edit: November 20, 2017, 10:49:40 am by Caracalla »
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C'est en forgeant qu'on devient forgeron.

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Brangdon

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Re: Ethereum vs NXT
« Reply #3 on: November 20, 2017, 11:41:35 am »

What are the major differences between Ethereum and NXT?
Ethereum has a full scripting language, which makes it a lot more flexible. You can write scripts to do almost anything you want on a block-chain, without needing permission from anyone else. People can trust what the scripts do because they too are on the block-chain, open to inspection. A downside is that it's up to you to get the script right, and there have been several cases where bugs in scripts have lost 10s of millions of dollars. Another is that scripting is not efficient in CPU or data, and Ethereum has huge scaling problems as a result. Ethereum uses Proof of Work, which makes it expensive to mine. The Ethereum devs claim to have solutions, and say they will move to Proof of Stake, but currently that is all vapourware.

Nxt offers a fixed but varied set of transaction types, which is great if they cover what you want to do. It is a more Lego-like approach: the transaction types are like building blocks which you can use to build applications with. The transaction types are known to be reliable, secure, and efficient. Nxt uses Proof of Stake already, and has been using it for over 4 years without issue. It already scales well, and the forthcoming Ardor release will scale even better. Ardor is the only cryptocurrency with a plausible solution to the scaling problem.
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AltcoinWarrior

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Re: Ethereum vs NXT
« Reply #4 on: February 22, 2018, 11:02:52 pm »

Why jl777 have left ??? Why Coinimal doesn't support NXT transactions now ? Etc.

Do we assist to a marketing problem ?

If you were to check out jl777's recent project (BarterDEX), it would be very reasonable to extrapolate that he pulled out of NXT because he saw a corporate politics shitstorm coming a mile away. >:(

And yes, that is in part why NXT has never really caught on (no one is actually proactively creating high-quality digital information products that simplify NXT for the total newbie). :-\

But another huge reason is NXT's extremely stiff fee structure as it currently sits.  :o
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chesslover

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Re: Ethereum vs NXT
« Reply #5 on: February 23, 2018, 08:19:30 am »

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The Chess Machine: José Raúl Capablanca

eu58

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Re: Ethereum vs NXT
« Reply #6 on: April 26, 2018, 05:43:32 pm »

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