ICOs on custom blockchains
While Omni and Counterparty were busy building new features, based on the existing bitcoin blockchain, and providing services to companies such as MaidSafe, Tether, and Storj, others in the crypto space saw the limitations of the bitcoin blockchain technology. First of all, there were technical limitations in terms of speed, performance, and scalability. The programming language script was not widely used, and it was limited in features; progress and innovation were dependent upon the bitcoin developers. From all of this, several projects emerged, such as Ethereum, Lisk, Waves, and Tezos:
The first project, though, was Nxt, which appeared very early on in 2013.
Nxt
Nxt (pronounced "next") calls itself a "cryptocurrency constructed from scratch using open source Java" and states in its white paper:
"A total quantity of 1 billion available tokens were distributed in the genesis block." (https...