So where do mastercoins come from? How are they made and why can't unlimited be made. I don't understand how you get mastercoins if you can't mine them. For me Mastercoin looks like another ripple with unfair distribution and no mining.
I think I like the philosophy behind Counterparty better than mastercoin. So my personal choice would be Counterparty.
- Now I am just looking to have technical questions answered. What are the differences between the technical protocols of Mastercoin vs. Counterparty.
- What are the confirm times of blocks on both of these coins?
- How many coins will there ever be on both of the coins?
- What algorithm do they use that is comparable to mining?
- What features does one offer that the other can't offer?
Both use the bitcoin block chain so confirm times are the same.
There are no new coins of either.
There are more Mastercoin than CounterpartySince they are on the bitcoin block chain, they use the same algorithms of bitcoin, they are not separately mined, or merge mined, they use the bitcoin protocol as the fundamental layer.
The feature sets are fairly similar, the implementations have significant differences. Both of these change rapidly though as they are under heavy development.