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Topic: Alt-coins with practical use - page 2. (Read 514 times)

hero member
Activity: 3178
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Live with peace and enjoy life!
November 13, 2019, 04:58:28 PM
#32
There's a lot of them in the market, there are those who are still popular until now and there are those who are new but with great potential.
However for to minimize the risk of investing, I'm gonna focus on the old but reliable ones, I like to add litecoin and BNB because this weren't mentioned but they are very good investment in the altcoins section too.
legendary
Activity: 1624
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Bitcoin FTW!
November 13, 2019, 04:54:22 PM
#31
I've found Litecoin to be relatively practical for payments in the past few years that I've been using it. I keep it as part of my portfolio that I utilize when Bitcoin transaction fees become unusually high such as in late 2017 to early 2018, and it's accepted in plenty of places due to the coin being popular in the past, even more than some other coins like Ethereum in my experience. Definitely not the cheapest or fastest coin to use, but it does the job just fine. Litecoin also has a Lightning Network and it was implemented earlier than Bitcoin's, though I've found very few places accept Litecoin LN payments just like with BTC's.
legendary
Activity: 1584
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November 13, 2019, 04:29:43 PM
#30
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.
hero member
Activity: 2884
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November 13, 2019, 04:24:02 PM
#29
Never forget Dogecoin and Litecoin.

These coins are way better a payment if the fees are higher for the current altcoin that you use or even with bitcoin. There's also a contender in the name of Nano that has a fee less transaction. There's Dash which is the number 1 masternode coin and also Basic Attention Token which is the main coin of Braver browser.

I will go an extra mile. Why not use fee less coins then? Steem, eos, tron they offer free transactions albeit you have to lock some of your coins but they still remain in your custody.
Maybe you've missed the coin that I've mentioned about fee less transactions. AFAIK in Nano, you don't have to do some locking up just to be eligible for the fee less transactions.

But if those coins you have mentioned are also offering it, that's good to know that there are other coins doing this. We might see the revolution of new coins focusing in this area of having no pay per transaction.
member
Activity: 854
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November 13, 2019, 03:10:13 PM
#28
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?
It is quite very easy to find a coin with good use case, as a matter of fact, there are so many of them, but a lot of them are already dead. Perhaps because the team could not continue with the idea. They lost focus along the line. Some with wrong motives at the start of the project might still prove to you that they have a practical use case, meanwhile they are all shambles.
full member
Activity: 562
Merit: 100
November 13, 2019, 02:58:04 PM
#27
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.
jr. member
Activity: 42
Merit: 2
November 13, 2019, 02:50:22 PM
#26
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?

MONERO should be on the list.

Monero is a secure, private and untraceable currency. This open-source cryptocurrency was launched in April 2014 and soon spiked great interest among the cryptography community and enthusiasts. The development of this cryptocurrency is completely donation-based and community-driven. Monero has been launched with a strong focus on decentralization and scalability, and it enables complete privacy by using a special technique called “ring signatures.”

With this technique, there appears a group of cryptographic signatures including at least one real participant, but since they all appear valid, the real one cannot be isolated. Because of exceptional security mechanisms like this, monero has developed something of an unsavory reputation; it has been linked to criminal operations around the world. Nonetheless, whether it is used for good or ill, there’s no denying that monero has introduced important technological advances to the cryptocurrency space.
hero member
Activity: 1204
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November 13, 2019, 01:44:12 PM
#25
I wonder how you define "practical use" here Smiley Utility tokens with some kind of working product? Or just some useful coins without any strict conditions? Most of the coins claim their practical use in WP Smiley

Depending on the definition of 'practical use', we can say most top 100 coins at least have a practical use... or pretty much none of them do.

To me, practical use means a real-world use in effect today. And it doesn't mean exchange tokens or the fact folks can buy some random things using LTC from some oddball site, when fiat would make more sense. There are some reward programs (IOTA, BAT), that I suppose would qualify, but they aren't exactly world-shattering usage examples. Tracking items is another use, but again, it's a pretty dinky use.

Cryptos used in 3rd world countries with hyperinflation could be considered a use. But that's hardly limited to alts, btc I expect would be the main coin used. Actually a stablecoin would make the most logical choice, but not sure if any have really caught on for that purpose.
legendary
Activity: 1722
Merit: 1014
November 13, 2019, 01:25:29 PM
#24
I wonder how you define "practical use" here Smiley Utility tokens with some kind of working product? Or just some useful coins without any strict conditions? Most of the coins claim their practical use in WP Smiley
hero member
Activity: 1358
Merit: 509
November 13, 2019, 05:44:57 AM
#23
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?
Looks you were inspired by this article: https://coinsutra.com/cryptocurrencies-practical-usecases/ However, this article has not been updated since 2018.
I think we can add neo, dash, xlm and most of the top 50 altcoins to this list, not just these six altcoins.
jr. member
Activity: 250
Merit: 3
Crypto Trader/Enthusiast/Investor
November 13, 2019, 05:43:25 AM
#22
Talking about coins/tokens with practical usecases without adding ETH and ATOM makes this thread incomplete. We have seen how many useful dApps on the ETH and ATOM blockchain, be reminded that they pay ETH and ATOM to create this DApps. So I think they have a practical use case. Also some real life entities and companies have started accepting Bitcoin and ETH as means of payments. With time, more tokens will have more practical usefulness.
sr. member
Activity: 756
Merit: 251
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November 13, 2019, 05:22:55 AM
#21
In as much as we want full adoption for blockchain and cryptocurrency the truth is that most crypto project do not have real life usecase but rather most are just based on whitepaper theory.  And with this getting massive adoption of blockchain technology might take longer than expected,  only few project can boast of real usecase project like Anyone casino,  its a blockchain project for casino and presently some offline casino platform in asia are already using the platform which is a welcome development for blockchain as a whole,  if many project can bring real usecase to this space then we can get more closer to adoption
hero member
Activity: 2716
Merit: 698
Dimon69
November 13, 2019, 01:24:36 AM
#20
Most altcoins all have real use cases but the problem is not all real use cases of all altcoins are wanted by people, some doesn't make sense and some are something we've already have, too many duplicates
There are some alts that serves same purposes like those Adblockers and payment methods but it will depend on how fast or convenient they can as well the practical fees used. I have XLM, LTC, XRP, Pundi used for payments and ADB, Bat for browsers adblock. We just need to see whether those alts have really do the job they are intented.
sr. member
Activity: 1400
Merit: 259
November 13, 2019, 01:16:25 AM
#19
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.
sr. member
Activity: 1050
Merit: 250
November 13, 2019, 01:04:58 AM
#18
Most altcoins all have real use cases but the problem is not all real use cases of all altcoins are wanted by people, some doesn't make sense and some are something we've already have, too many duplicates
crypto usage in our life not started yet, most of them only can be used in cryptocurrency market. Meanwhile to improve crypto price we need more of this,adoption and acceptance in real life will help us lot to increase demand and price in crypto market.duplicate and plagiarism often happen , most of fake developers do this to attract beginner investors.
member
Activity: 532
Merit: 41
November 13, 2019, 12:52:07 AM
#17
Most altcoins all have real use cases but the problem is not all real use cases of all altcoins are wanted by people, some doesn't make sense and some are something we've already have, too many duplicates
sr. member
Activity: 2324
Merit: 263
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November 13, 2019, 12:45:37 AM
#16
Good altcoins and not just altcoins as we have gave ones out there many.
What do you mean ? What altcoin have you given to others, and how much have you given? because what is asked on the topic is Alt-coins with practical use, not how much you have given to others, you try to understand the topic first.
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
November 12, 2019, 10:42:08 PM
#15
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?

In this case, i don't even know about what must be the practical use of the token. If you meant about the token can be used as a payment system or create a tx uses it and then all of the coins can do that. But it looks like you are missing something right now dude. The practical use must be the usefulness of the coin or token. Some if coins you have mentioned it don't have a useful application that can be considered as utility usage too.


It's too small for the percentage of coins which was having a practical use. I thought that some of them must be DAI, Chainlink, litecoin, algorand. It's not clear whether what you meant about the practical application of coin was the utility usage of the coin or token itself or not. I believe, yes.
hero member
Activity: 1204
Merit: 509
November 12, 2019, 10:21:24 PM
#14
Is the OP asking what coins feasibly could be used in the real world, or which currently are? There aren't a whole lot that actually does anything that many folks are using.

Even for ETH, what has it mostly been known for, cryptokitties? I say this as someone who holds some ETH and I like its potential, but so far that is all it really is, potential. Coins like Golem aren't really used for anything, to the best of my knowledge. Yeah, they had a plan, but it's not really come to much.

I think ADA is used for tracking sneakers, or something like that. Jaguar and IOTA has some sort of rewards program I think. Not sure if that really counts. Umm... Doge for betting sites and transferring funds between exchanges? DASH/BCH if you happen to live in Venezuela and your currency fluctuates more than crypto does?

I guess BAT could be said to have a practical use -- pretty much a reward system for suffering through web ads. But it's not exactly a widespread use just yet, and requires KYC, and only really pays anything at all if you happen to live in the right country.

sr. member
Activity: 756
Merit: 251
November 12, 2019, 10:13:21 PM
#13
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?

Can we explain more on the term practical here? I am only using ETH and Monero from the list above. Besides the two, I use BTC of course as well as LTC and BAT. I have been a supporter of Siacoin but I have not tried using SC on a practical level, or within its ecosystem, except choosing it sometimes over other coins when sending an amount to save fees, the same way I use XRP.
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