In my opinion, altcoins have many innovations in the future, not only as a means of payment as the big boss of the Bitcoin cryptocurrency world has.
Topic: altocoin inovations (Read 350 times)
One of the altcoins asset is the utility of token. There are projects that are really good in the form of utilization. There are others too that arises and being known good specifically the defi projects. Uniswap was one of the best altcoin utilization where its project is working good as well. However, bitcoin is really the great coin of all in the crypto market.
Now some good projects appear. There are a lot of Defi on blockchain Ethereum. But a lot of depends how useful will be a project.
There are ecological projects that protects nature https://moss.earth/blog
They are very useful for people and their mission is good.
I checked the price of MCO2 tokens, it growth. For blockchain technology it is very important to have stability and that people use the project.
with the future work on development, there might be varies on offers from developer that the innovation on blockchain to gives of helps as securing more on waste with times and resource that users of product and service might be gladfull to occupy the token as utility.
But will the future work on development be well executed? if it is going to be carried out properly, it is clear that there will be a good effect on the later use of the product in all areas of society.If that was going so well and then there's no doubt to believe if the target will be achieved.
It's not all of altcoins are developing the innovation because so many copy cats project.
Bitcoin is boss!!
Would like to hear peoples opinions for genuine innovations in altcoin blockchains comparing to bitcoin and for what reasons
Many thanks!
The only project in recent years that is interesting for its technologies is precisely DFINITY. I think so. Well-known people in the field of cryptocurrency (for example, Vitalik Buterin) have the same opinion. Partnerships with such well-known companies (not from the world of cryptocurrencies) like Forbes are proof of this. These guys are not just speculators, they are geniuses!
I checked the price of MCO2 tokens, it growth. For blockchain technology it is very important to have stability and that people use the project.
See price might be high or low, but it is an indirect indicator of growth. Real growth occurs in the background by the team and is executed in the front. People only see the front though. So point is that the insiders including the advisors know what really goes on, who gets fired, who leaves on their own will and internal conflicts. These things happen between companies and they get ruined before investors know about it. So they are always going to end up in the backline when trying to dump their tokens.
In contrast, bitcoin is decentralised and not having any individual controlling it. That is the advantage it has over altcoins.
Some coin may up today and go down tomorrow. But you can assured that if you buy bitcoin at low, it is sure to go up.
I think in the aspect of smart contracts, most altcoin blockchain are leading, but the issue is that, only few altcoins blockchain really knows what it means to have an effective smart contracts, and till date Ethereum seems to be the best altcoin blockchain with an efficient smart contract. In this smart contracts in question; we have seen many Decentralized exchanges and/or swap exchanges, improving more on smart contracts to achieve their aims, showing that smart contracts has grown more than what it used to be known for. Also, in terms of speed, most altcoin blockchain are faster and comes with very little fee, on the other hand is DApps.
However, one of the edge Bitcoin have towards all altcoins is total decentralization; when it comes to decentralization no altcoin can beat Bitcoin to that, and thus one of the reasons why Bitcoin is the most secured out there, this then adds more to it being the most trusted cryptocurrency.
Also, it is good to know that, every cryptocurrency have a goal it aims to achieve, and by achieving that or working towards achieving it, will in return make the cryptocurrency valuable; thus the reason we have many valuable altcoins as well.
However, one of the edge Bitcoin have towards all altcoins is total decentralization; when it comes to decentralization no altcoin can beat Bitcoin to that, and thus one of the reasons why Bitcoin is the most secured out there, this then adds more to it being the most trusted cryptocurrency.
Also, it is good to know that, every cryptocurrency have a goal it aims to achieve, and by achieving that or working towards achieving it, will in return make the cryptocurrency valuable; thus the reason we have many valuable altcoins as well.
But will the future work on development be well executed? if it is going to be carried out properly, it is clear that there will be a good effect on the later use of the product in all areas of society.
We've seen many projects that did end well because their developers are not committed to what they do. They're good in all aspects of discussion and looking at the problems that their token will be used but in development, they are a failure. Many projects did that and they were all successful only at the beginning phase of their project but turning to the real use case and development, they already took what they need and left the development. 
Altocoin innovations
Bitcoin is boss!!
Bitcoin is boss!!
Monero is what people buying Bitcoin first thought Bitcoin is. Seems like not an innovation but a fix of a flaw. But every fix is also an innovation.
Here are my 2 cents about the genuine innovation that can be compared with bitcoin
1. smartcontract, the smartcontract introduced by the ethereum foundation and this becomes the main innovation that has been using by a lot of major platform for the tokenization purpose.
2. DAG, Bitcoin has become introduced to be the payment system but this time there's a problem with the fees but DAG has become a new innovation that can make its user create a transaction with almost zero fees.
Defi should not be considered as genuine innovation though
1. smartcontract, the smartcontract introduced by the ethereum foundation and this becomes the main innovation that has been using by a lot of major platform for the tokenization purpose.
2. DAG, Bitcoin has become introduced to be the payment system but this time there's a problem with the fees but DAG has become a new innovation that can make its user create a transaction with almost zero fees.
Defi should not be considered as genuine innovation though
thats right, smart contracts is the best altcoins features now, because as i see a lot of project with smart contracts features become the TOP altcoins in the market, for example ethereum and tron
about DAG i have no comment on it
Well smart contract is where the money is going when it comes to crypto however there's also some other great innovations though kinda underrated like for example decentralized storage that leverages blockchain technology. Those are great replacement for centralized storage platform like gdrive because we are in crisis of privacy right now but not much people know that these kind of things exist.
These smart contract things honestly overdeveloped so many coins trying to make their own version of ETH.
with the future work on development, there might be varies on offers from developer that the innovation on blockchain to gives of helps as securing more on waste with times and resource that users of product and service might be gladfull to occupy the token as utility.
Innovations are one in a million, rest are just plain vaporware made to look like innovations but they work in fooling newbies into putting their money. It is the sad truth. You will rarely see a concept being conceived that is a revolutionary change but many others will try to bring out stuff looking similar and jump on the hype train. That is how majority altcoins came in existence and then go down the same rabbit hole.We all have seen thousands of coins come in the market. But are they worth buying and holding for years? No. The reason being that none of them actually had any development going. Most ended up as financially failures or abandonware.
with the future work on development, there might be varies on offers from developer that the innovation on blockchain to gives of helps as securing more on waste with times and resource that users of product and service might be gladfull to occupy the token as utility.
Also thinking about innovations solving problems that came up with the development and broader adoption of bitcoins original concept, things that come to mind with this is hard-forks, 51 attack, mining energy consumption and anonymity
like satoshis original white paper concept...
Now all these ideas to make all the problems disappear seem very rosy to anyone who is new to this currency and finding out about its pros and cons. But trust me, the same things have been spoken several times before and attempted or faked to be changed but nothing happened in reality, except some investors having lost their money.like satoshis original white paper concept...
What is true is that bitcoin has problems but it's advantages outweigh the problems. No single currency is one and only but bitcoin is close to that.
Even then an altcoin is never going to take position close to bitcoin so much so that it becomes a good store of value.
Also thinking about innovations solving problems that came up with the development and broader adoption of bitcoins original concept,
things that come to mind with this is hard-forks, 51 attack, mining energy consumption and anonymity
like satoshis original white paper concept...
It is very clear that in cryptocurrency bitcoin is the king or parent of all altcoins, bitcoin can rise by itself without the help of altcoins, now bitcoin is rising to the top level and continues to innovate gradually, while altcoins need to innovate in bitcoin with each other, both of them will develop and grow equally getting big on cryto, the main pump that is bitcoin so altcoins will get more support to reach the highest point but it will take some time to process.
It's not about that dude. It's about which altcoins that have developed genuine innovation like what bitcoin did before. We know that satoshi has been creating a genuine technology called bitcoin that makes people able to leave from the centralized financial system. We have various genuine innovations that already developed in altcoins. There have been so many platforms like ethereum already created something new like smartcontract and tokenization.
One of the altcoins asset is the utility of token. There are projects that are really good in the form of utilization. There are others too that arises and being known good specifically the defi projects.
You mean "Utility token"? Agreed that they are supposed to have a usage and thus should drive a market demand. Everything theoretically seems correct, but why did they not work out and earn a spot in the top 10 cryptocurrencies?Simple reason, they never can compete with mainstream projects that do the same thing. Added to this the lack of acceptance of crypto in many countries and internal team conflicts about future development of the project. They all end up the same way, devs abandon the project and then whales cash it out after pumping and dumping.
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Uniswap was one of the best altcoin utilization where its project is working good as well.
Uni is a DEX for tokens. It has its token too but I prefer not to use it.Quote
However, bitcoin is really the great coin of all in the crypto market.
The only coin you need is bitcoin. Rest all dont need your money.
One of the altcoins asset is the utility of token. There are projects that are really good in the form of utilization. There are others too that arises and being known good specifically the defi projects. Uniswap was one of the best altcoin utilization where its project is working good as well. However, bitcoin is really the great coin of all in the crypto market.
Bitshares could be the first and EOS is not. Monero could be the best privacy coins over zcash. In this case, what kind of genuine innovations in altcoins and that means the projects that introduced their genuine creation like smartcontract, privacy coin, farming yield and many more.
I just know that if NXT was the first platform for tokenization. ah thanks it's created in 2013 and that makes sense.
I just know that if NXT was the first platform for tokenization. ah thanks it's created in 2013 and that makes sense.
BitShares was first of course, but both EOS and BitShares were created by Dan Larimer, so I joined them together.
Monero approach was first, but it needs a lot of redundancy in blockchain which makes transactions much more expensive. Zero knowledge proof approaches like Zk-snarks are much more interesting, imho.
For me, I am kinda agree on one of the signature of I saw here in this forum, the signature says like "Bitcoin is the highway, and altcoins are those using highway like taxis, bus, motorcycles."
Some flaws or problems of Bitcoin for me are solved or achieved by some altcoins. That's why for me, Bitcoin will stay and altcoins too. But there are some people who are Bitcoin maximalist, we can't force them to believe on altcoins.
Some flaws or problems of Bitcoin for me are solved or achieved by some altcoins. That's why for me, Bitcoin will stay and altcoins too. But there are some people who are Bitcoin maximalist, we can't force them to believe on altcoins.
It's the most secure blokchain out there, but every new radical innovation build into it should be done in layer 2. But when the layer 1 isn't going to work with the layer 2 you are building, you need to reinvent layer 1.
No, what is not broken does not need to be fixed.Bitcoin was built out of a need for censorship-resistance currency which would not be controlled by a centralized institution. It has gone far from that idea into something new for the economy but I guess that is fine.
However this "layer" and other bullshit is what brought the altcoin demise. There is absolutely no need for such ideas and attempting to bring things that are not needed at all. What is needed is a gradual acceptance of bitcoin in the merchants allowing it to be spent easily.
Keep it in your Ethereum shitcoin network for now. For bitcoin, just buy and sell and make profit while the devs crack their heads on creating layers and bullshit and you can enjoy the money.
There were a lot of innovations in different chains last 5 years. Not all of them are important, but some altcoins like NXT (first platform with native tokenization), Ethereum (turing complete smart contracts), BitShares/EOS (DPoS), ZCash (privacy) and many others did really good job. Some others, like TRON, didn't innovate much itself but created very good product by combining best parts from different chains/ideas.
Bitshares could be the first and EOS is not. Monero could be the best privacy coins over zcash. In this case, what kind of genuine innovations in altcoins and that means the projects that introduced their genuine creation like smartcontract, privacy coin, farming yield and many more. I just know that if NXT was the first platform for tokenization. ah thanks it's created in 2013 and that makes sense.
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