Topic: Altcoins vs Tokens (Read 150 times)
Depending entirely on ETH will not be enough. The coin has already a lot on its plate and it cannot be the only saviour in the market. At the same time, it will be better to build a different blockchain too.
Recently there are tokens which became profitable for investors not because they have a strong community but the technology they are developing for their project and platform are good and the profitability for investors are well defined in the platform. Do you think ERC20 tokens can stand long term on its own even if they do not develop their own coin / blockchain?
You are reading my thoughts! I do believe that only tokens will be a driver for all industry because only they can bring a value on itself as well as be coins at the same time.
But, Coins, which are just cryptocurrencies, they are trying to substitute fiat money while they don't bring any value on itself as tokens do.
I think ERC20 wasn't long survived because the Ethereum network already has scalability problems. and then Ethereum Foundation is still promoting the ERC20 standard event tokens when it is known to contain bugs. The same situation as it was with TheDAO previously. They need to say "Stop this now" but they will not.
That's really a big problem, in the Ethereum network I guess they should upgrade their blockchain, it should be more precisely. I think few ERC20 token will survive coz they solve the problem of the blockchain.
for the better the token than the altcoin erc20 because the token has this potential and longterm and there are projects that are big and beautiful so if I buy a coin that holds a long time my choice is token big because it's hard for admins token than altcoin that many altcoin scams are spreading so careful to get along.
Both is good for ensure yourself from loses of time and money I think. Helping is harder and takes more time and investing is easier but takes money and risky. So both of them makes balance of risk and spending of resources.
I think ERC20 wasn't long survived because the Ethereum network already has scalability problems. and then Ethereum Foundation is still promoting the ERC20 standard event tokens when it is known to contain bugs. The same situation as it was with TheDAO previously. They need to say "Stop this now" but they will not.
Recently there are tokens which became profitable for investors not because they have a strong community but the technology they are developing for their project and platform are good and the profitability for investors are well defined in the platform. Do you think ERC20 tokens can stand long term on its own even if they do not develop their own coin / blockchain?
I think if the project grow bigger, have it own blockchain is better because if they still on Ethereum platform, the price will follow ethereum if Ethereum.down, they will down to
I think they will still exist and develop based on ERC20. It's a platform based on Ethereum, though it does not have a separate technology and most of them are newly created for economic purpose but it is part of the market.
ERC20 tokens will not survive if the coins and blockchain they have cannot develop properly. People will turn their attention to better tokens or coins. Even though the coin is a new type of coin.
Recently there are tokens which became profitable for investors not because they have a strong community but the technology they are developing for their project and platform are good and the profitability for investors are well defined in the platform. Do you think ERC20 tokens can stand long term on its own even if they do not develop their own coin / blockchain?
Hello. As I know, there are some generation of ERC such as ERC 223, ERC 721, ERC 725, ERC 777, ERC 827,... Im not an expert in blockchain technology but I knew that have a few improvement over ERC20. So, I think Ethereum platfom has been developing day by day.
ERC20 is a good platform, there has many projects is done on this platform. However, i think it is only a initialize for the project. If the developer want their project to over a more and may be be found at the first, they must be execute on the main net. It is required.
Recently there are tokens which became profitable for investors not because they have a strong community but the technology they are developing for their project and platform are good and the profitability for investors are well defined in the platform. Do you think ERC20 tokens can stand long term on its own even if they do not develop their own coin / blockchain?
Im not really sure if developing their own coin/blockchain is the biggest problem of ERC20 tokens for durability. There are still a lot of obstacles to face for endurance of the project and I think that would be the least of their problem.
Recently there are tokens which became profitable for investors not because they have a strong community but the technology they are developing for their project and platform are good and the profitability for investors are well defined in the platform. Do you think ERC20 tokens can stand long term on its own even if they do not develop their own coin / blockchain?
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