Post
Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
joefox
on 23/01/2014, 02:10:33 UTC


I don't know how I feel about Nxt being described as a metacoin, but since Ethereum is also on the list, it's not so bad.  I have noted that Andreas has mentioned Nxt a few times as "a layer on top of Bitcoin", though, which bugs me.



"Metacoin" in my mind is a coin that is designed to have other coins or assets ride on top of it.  Mastercoin is what I'd call a layer 2 metacoin bootstrapped on a level 1 coin.  Ethereum is a level 1 metacoin, Bitshares is a Level 1 metacoin, and NXT is a level 1 metacoin

Thanks for that clarification!  Makes total sense.  And since CfB is already working on a PoW crypto based on Nxt's PoS, I'd say the characterization is perfect.