Alt-coins with practical use | Bitcointalksearch.org

GaPR

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Quote from: ATSgrowth on November 14, 2019, 12:57:30 PM

I did a mistake that I didn´t invest into Chainlink before the big hype. Recently, I realized how strong this coin is and how big potential has.
With decentralized oracles they can interconnect the informations from the real world with blockchain, imagine how many use cases this solution has! Cool

This does not mean that they will not have competitors.

GaPR

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coinBusiness / Gapur Ozdoev

Quote from: salty on November 13, 2019, 02:58:04 PM

Quote from: Dart18 on November 13, 2019, 01:16:25 AM

How about BNB?
If you are a trader in Binance that would be part of your practical usage. Grin

I agree with ETH and XRP but the other I still dont have any idea. Perhaps I will be reading more about them later on.
ETH though I think have much usage ever since.
Low transaction fees and faster tx time. I really do prefer it than anything else.

Not only ethereum can boast such a track record. At a minimum, Stellar and Tomochain have even lower commissions and better speeds than ethereum.

It seems to me that TomoCain will do with ETH the same thing that the Vietnamese have done with the auto parts of leading brands (Mercedes, BMW, Toyota and others). Will create a cheap alternative to them, reduce the cost of these services.

Tipstar

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Quote from: suvo05 on November 12, 2019, 03:04:50 PM

ETH, Monero, Siacoin, IOTA, Golem, ripple are some of the well known coins which have a practical use. PERL coin came up with a good practice, the coin became opacity coin. What are the remaining alt-coins which have practical usage?

Almost all of the project comes with an idea to be used as a practical use coin but there are several things that fails them.
Sia and IOTA and ripple to some extent are the example of such failure. There was a project Gladius building a decentralized security to counter ddos, don't know how well they've been doing. There even was a coin that was to be used for public bus fares in New zealand and there too was a uber alternative in crypto. Forgot the name already.

perfect999

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Quote from: suvo05 on November 12, 2019, 03:04:50 PM

ETH, Monero, Siacoin, IOTA, Golem, ripple are some of the well known coins which have a practical use. PERL coin came up with a good practice, the coin became opacity coin. What are the remaining alt-coins which have practical usage?

I think that from the list of coins that you have, the first 4 coins that you listed are the coins that I am familiar with and I don’t know about the last 2 altcoins that you mentioned but I will need to do some research myself to see if those altcoins are worth my investing, but since you have mentioned those 4 coins in your post, I think that you have an idea of what an ideal investment is.

If we are to also expand the list further, I think that most of the altcoins that are still within the top 20 coins are the coins that I can believe to have the real use working case which is why we could see that they usually respond to the bull run off bitcoin at any time it makes any no matter how little it may be, so I would pick more of my investment coins from there.

poornamelessme

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Quote from: Lizzylove1 on November 14, 2019, 08:50:37 AM

Brave is another good coin with use case. The team have a brave browser and they claim it's far faster than chromes. They pay you brave when adds appear on your browser unlike chromes that forces adds on users.

The problem with BAT is the KYC requirement. I can't see it catching on with the general public if that KYC requirement remains in effect. Now crypto folks may be used to KYC (although I expect many still hate it), but everyday folks aren't going to hand over their license/passport + personal info for like $5-10 worth of crypto. The only ones who might are in 3rd world countries, but the rewards strangely vary by country ... so those who might actually be interested probably can't get the rewards in the first place.

They also have the problem that if they do happen to manage to get a larger userbase outside of crypto circles, it'd cause some pretty heavy selling pressure. They'd have to convince the everyday person to hold their BAT, not sell it immediately. Not impossible, but it's kind of like a double-edged sword situation.

lolgato1

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I am a big fan of cryptocurrencies that extend the use of blockchain in everyday life and especially those one that help with Bitcoin adoption.
For example Brave coin could attract many people because everyone is using browser, so what about to be paid for using in cryptocurrencies?

ATSgrowth

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I did a mistake that I didn´t invest into Chainlink before the big hype. Recently, I realized how strong this coin is and how big potential has.
With decentralized oracles they can interconnect the informations from the real world with blockchain, imagine how many use cases this solution has! Cool

bitvalak

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Quote from: suvo05 on November 12, 2019, 03:04:50 PM

ETH, Monero, Siacoin, IOTA, Golem, ripple are some of the well known coins which have a practical use. PERL coin came up with a good practice, the coin became opacity coin. What are the remaining alt-coins which have practical usage?

Practically what do you mean? If it is practical for daily needs, I think large altcoins like ETH, IOTA and Monero are still very feasible to be used as alternatives to exchanging with bitcoin because the transaction costs are cheaper than bitcoin. However, if the use is universal I think ETH is still very good potential for that, for example there are some marketplaces that have received payments using ETH.

Lagduf

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Storj is one of coin that attract my interest due to its function to pay for the decentralized cloud storage which is quite beneficial for my daily activities but I'm yet to try it out however it seems that the coin you mentioned is actually just for remmitance aren't them? in my opinion that can't be called practical use because almost all of cryptos despite having various functionality can still be used for remmitance as long as it has value and smart contract platform coins are basically a clone to each other which is definitely pointless. Although practical use may differ in each person but I can't find all those coin you mentioned to be practical except golem. For example, Brave coin is used to replace the conventional ads into revolutionizing the whole website industries.

chaoscoinz

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What about the EOS Blockchain, the platform that helped elevate Blockchain tech into the 3.0 phase? It is agreed that many people would see Bitcoin as Blockchain technology 1.0. Ethereum is seen as Blockchain 2.0, with it's introduction to smart contracts and tokenization. Then there is EOS, what many hail as being a true Blockchain 3.0. EOSIO protocol which utilizes CPU, NET, and RAM as distrusted resources, and the delegated proof of stake consensus make the EOS platform revolutionary. EOS has a lot of practical use and Blockchains such as TRON & IOST are inspired by EOS.

PuertoLibre

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Quote from: Lizzylove1 on November 14, 2019, 08:50:37 AM

Brave is another good coin with use case. The team have a brave browser and they claim it's far faster than chromes. They pay you brave when adds appear on your browser unlike chromes that forces adds on users.

I like the advertising extensions on the Brave browser, they implemented a new reward system which is good for both writers and readers. The real-world use case is important during the project selection and experienced investors usually prefer to invest in the project that has strong fundamentals. The payment platforms and betting projects are not important for the current traditional monetary system IMO.

Lizzylove1

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Christ The King

Brave is another good coin with use case. The team have a brave browser and they claim it's far faster than chromes. They pay you brave when adds appear on your browser unlike chromes that forces adds on users.

ahmia39

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Quote from: evanjdevs on November 14, 2019, 06:28:03 AM

If you're focusing on practicality and real-world use cases then you should definitely keep a close watch on Decred (DCR).

Why do you have to keep an eye on Decred (DCR)? does Decred have anything special in the real world? if yes,
please explain more fully so everyone can find out.

evanjdevs

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If you're focusing on practicality and real-world use cases then you should definitely keep a close watch on Decred (DCR).

masterrex

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Quote from: suvo05 on November 12, 2019, 03:04:50 PM

ETH, Monero, Siacoin, IOTA, Golem, ripple are some of the well known coins which have a practical use. PERL coin came up with a good practice, the coin became opacity coin. What are the remaining alt-coins which have practical usage?

Don't forget to add Stellar's (XLM), for more faster payment solution and lesser fees, also COTI for Universal Payment Solution, I think many more altcoins has also a practical use case its just need a little bit study for its primary function to determined if it was applicable with our own uses.

NeuroticFish

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I also vote for Dogecoin, Litecoin and Waves.
Although correctly said, there are other better suited coins for fast and low fee / 0-fee transactions, some still use Dogecoin just because almost all exchanges list it.
Litecoin (and sometimes Dogecoin) may still be used by some exchanges as the basis for exchange (instead of Bitcoin) for very small value coins, having LTC-WhateverCoin and no BTC-WhateverCoin.
Waves is a very easy and cheap platform for tokens and has a working DEX (and other features too). Although it's drowning under the huge number of useless tokens, it has its utility imho.

OP, maybe at some point you'll adapt the initial post and enhance the list?

confreslamp

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There are tons of altcoins that have a working product and a real use case. Unfortunately, the majority of currencies are still only air based tokens, but things are getting better, because nowadays a product is required to raise a solid amount of funds.

BitHodler

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Quote from: tenakha on November 13, 2019, 05:11:47 PM

So the main issue now is how useful it is. For example, there are many gaming-related projects on the market, and is its usefulness the same as ETH? Absolutely not. ETH is almost like the market within the market.

Ethereum is pretty all round and has the most developers building on top of it, the only downside I see here is the fact that there isn't much room to actually grow without any scaling improvements made.

It only requires one or two popular applications to clog up the network where people not aware will have to wait hours to see their transaction confirm, because that's the only way to actually interact with the applications.

Mike Mayor

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Tokpie is a great example. It is backed by bounty hunters work and the conduct IEO on it and the projects are always quality since they have their reputation and value of the token to uphold.
You also get benefits for holding 10k-50k Tokpie tokens. Another one is Mediacoin, it is like BitTorrentToken but better. Also, peer2peer but uses its own app.

It's just a matter of looking for what you want or need and finding something as close to it as possible. Keep your eyes open for opportunity and never turn any opportunity down. The reward for very little risk os greater then any time you could ever spend playing video games watching movies or relaxing.

tenakha

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Quote from: Heisenberg_Hunter on November 13, 2019, 04:29:43 PM

There are quite some altcoins which do serve the purpose of the coin. Some coins like Ethereum can be used for in the creation of smart contracts whereas other coins like XMR can be used to make transactions which are private. Apart from these, I guess Dash is the only coin having a real world use case.

Not only these, but there are many coins/tokens that are practically useful in today's market when you compare with a few years ago.
In fact, there are several projects that belong to one specialty. So the main issue now is how useful it is. For example, there are many gaming-related projects on the market, and is its usefulness the same as ETH? Absolutely not. ETH is almost like the market within the market.

Topic: Alt-coins with practical use (Read 514 times)