Topic: Are Alt-coins success attached to the Platform they are on? (Read 126 times)
Investors and most other enthusiasts look beyond the blockchain platform on which the coin is found. There are so many factors to be considered. Had it been blockchain is of utmost importance and of course I am not saying that it is not important, there would not have been failed projects on ethereum blockchain.
I think that the answer to your question is a negative one. We truly can find brilliant and really valuable projects such as Maker being built on Ethereum that will be a positive answer saying that Ethereum is a solid project to build tokenised assets on but we could even find dead projects on the same projects, the answer is frustrated. The only thing that brings value to a coin is the fake pumps or the real solid work that the coin is brining to the world of internet, nothing else.
I also agree with the poster above- the quality of the actual project itself is more important than whatever other blockchain you're using as a base for your own token or whatever you're trying to create. There certainly are successful tokens and alts out there built on top of other blockchains, but their success can't solely be attributed to the underlying platform.
I could certainly see a lot of Ethereum-based tokens going away in the near future, though. We could indeed be entering some sort of crypto bear market as much as I'd like to hope we aren't, and that could mean alt prices will continue dropping against BTC and perhaps also against fiat as well. Though there's not as many this time as with 2017-2018, there's still some projects that don't really have any good uses and might disappear if we do enter a bear market soon.
I could certainly see a lot of Ethereum-based tokens going away in the near future, though. We could indeed be entering some sort of crypto bear market as much as I'd like to hope we aren't, and that could mean alt prices will continue dropping against BTC and perhaps also against fiat as well. Though there's not as many this time as with 2017-2018, there's still some projects that don't really have any good uses and might disappear if we do enter a bear market soon.
It is very easy to assume that the success of a token could be related to the coin blockchain platform it is built on but it is not always the case.
Surely, it gives and easy access for investors to send their coins that has a real market value to a newly created worth less token on that blockchain, but it does not mean that the token itself becomes successful by doing so. You can find many such bad shit coins on Ethereum, EOS, ETC, Tron and many more..
Surely, it gives and easy access for investors to send their coins that has a real market value to a newly created worth less token on that blockchain, but it does not mean that the token itself becomes successful by doing so. You can find many such bad shit coins on Ethereum, EOS, ETC, Tron and many more..
Quality verses Adoption: What makes for a better Blockchain?
I am not the savviest in the computer geek arena, yet, I know ‘something about something.’ I was wanting to strike up a debate, or exchange of ideas, on the various blockchains already existing.
From what I gather, BitCoin’s blockchain is the largest in the area of usage. The financial volume on it is, yet, unmatched. It has the greatest adoption, as it is extensive on the international scene.
Yet, Bitcoin “Inc” is just one of the current blockchains. It is “decentralized,” but to a degree, as it becomes engulfed with external financial giants and innumerable crypto-projects, which use the BitCoin as its universal center. Being first to ‘go public’ it has the longest history, therefore the most familiar brand for new users.
The sheer large number of users makes it more decentralized. The financial giant whales, larger holders, present on the BitCoin blockchain keep it constantly being pulled into pockets of centralization.
I am not attempting a product-comparison to promote swapping crypto-loyalties, by saying, “Pepsi is better than BitCoin.” I am actually curious, about the qualities of different blockchains since there are more than one.
[I am trying to desperately filter out corporate inventions born into the crypto space. After all a centralized corporate entity developing a decentralized crypto currency is more than counter-intuitive.]
BitCoin’s transaction rate is slow; yet, the advent of Ethereum addresses that with faster transaction rates. Now, more users, more projects and digital applications [DAPPs] arrive on the back of Ethereum. Pieces of the anticipated “Internet 3.0” begin to fall into place. BitCoin starts to look like the investment trading bank, and Ethereum looks like the place where everyone hangs out with project, apps, and coins.
Now, there are huge lists of blockchains, day-exchanges and 2,900+ cryptocurrencies, which starts to looks like an encyclopedia upside down and backwards.
I’ve seen the value trends of BitCoin [of which there is not end of analyzers and predictors] move, after the fact that it did, according to some predictions of “crypto winter,” “trading sideways,” and anticipated “bull runs,” especially after “halving.” That’s good for BitCoin HODLers.
The fun part is watching Alt-Coins [any crypto coin not BitCoin?] move in value on different exchanges. BitCoin increases in value; Alt-coins increase in value. Then there is a basic swap between Alt and Bit.
Isn’t it that most of the Alt coins are based on Ethereum?
The basic BitCoin blockchain, the original crypto currency, becomes so valuable, that it is used more to ‘store value’ like gold bullion than it is used to make ‘purchases,’ especially due to slower speed.
Faster transactions for digital money are done on the newer Ethereum platform. Therefore, many crypto currencies on Ethereum become greater in number.
Even though, the crypto-space is filled with many blockchains and exchanges and almost 3,000 crypto coins; are not there only a few basic ones?
As BitCoin waits for halving in May 2020, and Alt coins are said to be in a “Altcoin winter,” is this were we see many Ethereum-based coins going away? The Ethereum platform will not, neither will the large utilizers, but are those multitude of alt-coins facing that crypto extinction [of those smaller coins]?
Then there is the question: what about Crypto currencies building their own native blockchain, their own exchanges and have an international market?
I am not the savviest in the computer geek arena, yet, I know ‘something about something.’ I was wanting to strike up a debate, or exchange of ideas, on the various blockchains already existing.
From what I gather, BitCoin’s blockchain is the largest in the area of usage. The financial volume on it is, yet, unmatched. It has the greatest adoption, as it is extensive on the international scene.
Yet, Bitcoin “Inc” is just one of the current blockchains. It is “decentralized,” but to a degree, as it becomes engulfed with external financial giants and innumerable crypto-projects, which use the BitCoin as its universal center. Being first to ‘go public’ it has the longest history, therefore the most familiar brand for new users.
The sheer large number of users makes it more decentralized. The financial giant whales, larger holders, present on the BitCoin blockchain keep it constantly being pulled into pockets of centralization.
I am not attempting a product-comparison to promote swapping crypto-loyalties, by saying, “Pepsi is better than BitCoin.” I am actually curious, about the qualities of different blockchains since there are more than one.
[I am trying to desperately filter out corporate inventions born into the crypto space. After all a centralized corporate entity developing a decentralized crypto currency is more than counter-intuitive.]
BitCoin’s transaction rate is slow; yet, the advent of Ethereum addresses that with faster transaction rates. Now, more users, more projects and digital applications [DAPPs] arrive on the back of Ethereum. Pieces of the anticipated “Internet 3.0” begin to fall into place. BitCoin starts to look like the investment trading bank, and Ethereum looks like the place where everyone hangs out with project, apps, and coins.
Now, there are huge lists of blockchains, day-exchanges and 2,900+ cryptocurrencies, which starts to looks like an encyclopedia upside down and backwards.
I’ve seen the value trends of BitCoin [of which there is not end of analyzers and predictors] move, after the fact that it did, according to some predictions of “crypto winter,” “trading sideways,” and anticipated “bull runs,” especially after “halving.” That’s good for BitCoin HODLers.
The fun part is watching Alt-Coins [any crypto coin not BitCoin?] move in value on different exchanges. BitCoin increases in value; Alt-coins increase in value. Then there is a basic swap between Alt and Bit.
Isn’t it that most of the Alt coins are based on Ethereum?
The basic BitCoin blockchain, the original crypto currency, becomes so valuable, that it is used more to ‘store value’ like gold bullion than it is used to make ‘purchases,’ especially due to slower speed.
Faster transactions for digital money are done on the newer Ethereum platform. Therefore, many crypto currencies on Ethereum become greater in number.
Even though, the crypto-space is filled with many blockchains and exchanges and almost 3,000 crypto coins; are not there only a few basic ones?
As BitCoin waits for halving in May 2020, and Alt coins are said to be in a “Altcoin winter,” is this were we see many Ethereum-based coins going away? The Ethereum platform will not, neither will the large utilizers, but are those multitude of alt-coins facing that crypto extinction [of those smaller coins]?
Then there is the question: what about Crypto currencies building their own native blockchain, their own exchanges and have an international market?
Jump to: