As anyone who has looked at the bitcoin protocol in depth can tell, it is really a huge mess of different encodings, hashing styles, and endian conversions. Although it would be a fairly cosmetic change, are there any projects out there to attempt to rewrite bitcoin and it's protocols to be more consistent and easier to maintain for the developers? (yes, I know it would have to be it's own coin or whatever)
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1I have voted to reopen this question because it's specifically asking about a different coin protocol, incompatible with Bitcoin.– Greg HewgillCommented Mar 20, 2014 at 0:53
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Mh, I might have misread that. It seemed to ask for a rewrite of Bitcoin, more readable and cosmetic changes only, i.e. an alternative Implementation. I read the last sentence as an assumption that it might be another Coin. Perhaps @Earlz could clarify?– Murch ♦Commented Mar 20, 2014 at 7:52
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1@Murch no I meant not just a new implementation, but a new protocol as well. Notice the *and it's protocols in the question. It would be something with only the ideas of bitcoin, but where the protocols and technical details would be completely incompatible– EarlzCommented Mar 20, 2014 at 13:51
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Reopened, @GregHewgill thank you for noticing.– Murch ♦Commented Mar 20, 2014 at 14:18
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Isn't this the very definition of an altcoin?– Nate EldredgeCommented Mar 21, 2014 at 3:53
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1 Answer
I believe that is what the NXT project is attempting to do.
It is a from scratch implementation of the ideas introduced by Bitcoin et al. They use Proof-of-Stake and claim to provide "built-in support for robust features such as a decentralized peer-to-peer exchange, voting system, messaging/chat, decentralized DNS, and options for instant transactions".
