Topic: Blockchains with Real Utility that Get Overlooked (Read 139 times)
actually not overlooked, it's just that people are comfortable with popular platforms. As you can see, most of the projects that use smart contracts today only use popular networks like ethereum, bsc, or tron. only a small number of people try new networks. This is what makes it difficult for new, less popular blockchains to gain users. although many things are offered starting from cheap, fast and safe. but all that is still not enough to attract users who want to use their network.
There are many blockchain projects that can basically read a problem and where at least the goal is to fix a real problem with it. The question is whether there is enough adoption for such a project. If no companies and businesses are interested in it, then the idea can be as good as it is, but the project will come to nothing. This is a much more important point than just looking at the real utility factor.
Exactly. A blockchain project may be useful, but if it lacks mainstream demand, it's doomed to failure. There should be a balance between utility and marketing/promotion for any crypto project to become a widespread success. Believe me, there are many hidden gems on the market waiting to blossom someday. With enough interest/demand, they can reach new All-time-highs in price. It's said that Diamond (DMD) will eventually become a smart contract platform with the launch of V4. The newest iteration of the DMD blockchain network will adopt a unique consensus algorithm that will ensure finality in seconds. If it gains the attention of people in the mainstream world, it might skyrocket in price. The same could happen with other smart contract platforms like Terra, Cosmos, Polkadot, and Flow. Crypto behaves in many strange and bizarre ways, so who knows? Maybe you'll get lucky someday holding coins with real utility. Just my opinion
There are a lot of blockchains in this space that are more popular than the aforementioned blockchains, and yet most of those blockchains either lack decentralization, or still lack support for smart contracts. Being a decentralized money that is a store of value is something Bitcoin already achieved over 10 years ago. New blockchains need to be able to add more utility on top of that, and the only way they can do that is by supporting DApps.
Additionally, Terra, Cosmos and Persistence are all highly interoperable with each other. The DApps on these blockchains benefit from this interoperability because they can support assets from any of the other 2 blockchains.
Unfortunately, real utility is not something people look at for the very first thing. It is for me, if I am not going to use that coin for something then I end up buying more of something in my portfolio and grow the size of that, instead of a new coin. For me, to look at a new coin, or a token then it must be used somewhere. For example, I get the whole idea of axie, why? Because we can use it somewhere, it is unlike most other NFT's, what is the point of cryptopunks? Nothing.Additionally, Terra, Cosmos and Persistence are all highly interoperable with each other. The DApps on these blockchains benefit from this interoperability because they can support assets from any of the other 2 blockchains.
Hence, in order for me to really fall in love with something new and put money in there, I need to know why people buy it, and I need an answer other than "because it will go up", nobody knows what will go up and what won't.
Utility is something that is seriously overlooked by a lot of people in this space. It's understandable that this industry is highly speculative, but there are some blockchains in this space that don’t get the amount of attention they deserve.
There are many blockchain projects that can basically read a problem and where at least the goal is to fix a real problem with it. The question is whether there is enough adoption for such a project. If no companies and businesses are interested in it, then the idea can be as good as it is, but the project will come to nothing. This is a much more important point than just looking at the real utility factor.
I am yet to look or even read anything about persistence but Cosmo and Tera are both okay. I have some Atom staked and use Tera blockchain but missed the TNS airdrop due to procrastination. As long as the ETH network continuous to be plagued by a high gas fee, other good layer1 will continue to flourish.
Utility is something that is seriously overlooked by a lot of people in this space. It's understandable that this industry is highly speculative, but there are some blockchains in this space that don’t get the amount of attention they deserve.
These are blockchains that already exist, and even now provide a lot of utility, but they also have potential to provide even more utility in the future. Blockchains like Cosmos, Terra and Persistence are fast, cheap and decentralized. These blockchains also support advanced smart contracts, which allow the creation of great DApps.
There are a lot of blockchains in this space that are more popular than the aforementioned blockchains, and yet most of those blockchains either lack decentralization, or still lack support for smart contracts. Being a decentralized money that is a store of value is something Bitcoin already achieved over 10 years ago. New blockchains need to be able to add more utility on top of that, and the only way they can do that is by supporting DApps.
Additionally, Terra, Cosmos and Persistence are all highly interoperable with each other. The DApps on these blockchains benefit from this interoperability because they can support assets from any of the other 2 blockchains.
These are blockchains that already exist, and even now provide a lot of utility, but they also have potential to provide even more utility in the future. Blockchains like Cosmos, Terra and Persistence are fast, cheap and decentralized. These blockchains also support advanced smart contracts, which allow the creation of great DApps.
There are a lot of blockchains in this space that are more popular than the aforementioned blockchains, and yet most of those blockchains either lack decentralization, or still lack support for smart contracts. Being a decentralized money that is a store of value is something Bitcoin already achieved over 10 years ago. New blockchains need to be able to add more utility on top of that, and the only way they can do that is by supporting DApps.
Additionally, Terra, Cosmos and Persistence are all highly interoperable with each other. The DApps on these blockchains benefit from this interoperability because they can support assets from any of the other 2 blockchains.
Blockchains with real utility often get overlooked simply because people are only following the hype. They're only into crypto to get rich quick. Those who believe in its core technology to change the world, are the small minority these days.
Believe me, cryptocurrencies that are able to provide real use cases to the world are the only ones that will last a lifetime. The rest will simply go down the drain at a very fast pace. I'm pretty sure Terra, Cosmos, and Persistence will survive in the long run as they focus on utility instead of the hype. They're just hidden gems waiting to blossom someday. With institutional investors in play, it's hoped the crypto market will become less speculative. This is only the beginning so sit tight as this will be a wonderful journey for early adopters of crypto like us.
Utility is something that is seriously overlooked by a lot of people in this space. It's understandable that this industry is highly speculative, but there are some blockchains in this space that don’t get the amount of attention they deserve.
These are blockchains that already exist, and even now provide a lot of utility, but they also have potential to provide even more utility in the future. Blockchains like Cosmos, Terra and Persistence are fast, cheap and decentralized. These blockchains also support advanced smart contracts, which allow the creation of great DApps.
There are a lot of blockchains in this space that are more popular than the aforementioned blockchains, and yet most of those blockchains either lack decentralization, or still lack support for smart contracts. Being a decentralized money that is a store of value is something Bitcoin already achieved over 10 years ago. New blockchains need to be able to add more utility on top of that, and the only way they can do that is by supporting DApps.
Additionally, Terra, Cosmos and Persistence are all highly interoperable with each other. The DApps on these blockchains benefit from this interoperability because they can support assets from any of the other 2 blockchains.
These are blockchains that already exist, and even now provide a lot of utility, but they also have potential to provide even more utility in the future. Blockchains like Cosmos, Terra and Persistence are fast, cheap and decentralized. These blockchains also support advanced smart contracts, which allow the creation of great DApps.
There are a lot of blockchains in this space that are more popular than the aforementioned blockchains, and yet most of those blockchains either lack decentralization, or still lack support for smart contracts. Being a decentralized money that is a store of value is something Bitcoin already achieved over 10 years ago. New blockchains need to be able to add more utility on top of that, and the only way they can do that is by supporting DApps.
Additionally, Terra, Cosmos and Persistence are all highly interoperable with each other. The DApps on these blockchains benefit from this interoperability because they can support assets from any of the other 2 blockchains.
Don't think that Terra is overlooked by any means, since it is ranked 9th by market cap.
I do think that Cosmos may be undervalued though because it is one of the better cheap chains out there that has retained a certain degree of decentralization, as opposed to SOL which flat out got rid of it.
Fees will be the determinant of success in the future - right now a lot of these blockchains are simply outrageously expensive.
I have a smart contract project in mind with built in web 3.0 functionality the name of this project is saito and the official website is saito.io they have large numbers of partnerships and the mainnet is already up and running I believe this project can easily be another solana and avalanche in few months to come
I hope so too. because if I read about this project on their website, it seems that Saito did have a lot of planning. but this is just a prediction, it all depends on the user's interest about this project
There are a lot of blockchains in this space that are more popular than the aforementioned blockchains, and yet most of those blockchains either lack decentralization, or still lack support for smart contracts. Being a decentralized money that is a store of value is something Bitcoin already achieved over 10 years ago. New blockchains need to be able to add more utility on top of that, and the only way they can do that is by supporting DApps.
Being decentralized does not ensure success of a project.Being based on real time application does not guarantee for success of a project.
Then what will do? Only dedicated devs. But unfortunately most of the devs are too active only until they are collecting the targeted money from the investors and after that once they become Millionaire then they will start abandoning their projects. This has happened countless times with many ICOs and other projects.
You can estimate the success of a project based on its whitepaper and roadmap and then by looking at the team members but you cannot overlook about what are the actual plans of devs. This is the reason we have lots of scams in this crypto world.
I am not ready to believe into any of the projects that you have mentioned just for the reason of they are based on real utility as there are enough projects on market for same utility.
IMO, If we just say about utility, we don't need to look further because there are too many of them that already exist today in the industry, But I agree about your assumption on Cosmos and Terra Luna it was very consistent lately, so I guess you better look around to find out more promising Blockchains in the crypto industry and I'm sure you can find something better.
I have a smart contract project in mind with built in web 3.0 functionality the name of this project is saito and the official website is saito.io they have large numbers of partnerships and the mainnet is already up and running I believe this project can easily be another solana and avalanche in few months to come
Is it a new project for now or just a preparation to welcome the new year with the aim of releasing the project at this time ? because I really don't know about this project because if there are many partners, it's certain that the project will go viral, but I don't see it.
I have a smart contract project in mind with built in web 3.0 functionality the name of this project is saito and the official website is saito.io they have large numbers of partnerships and the mainnet is already up and running I believe this project can easily be another solana and avalanche in few months to come
Utility is something that is seriously overlooked by a lot of people in this space. It's understandable that this industry is highly speculative, but there are some blockchains in this space that don’t get the amount of attention they deserve.
I totally agree with you that utility is the most important factor of a crypto project and in general of every project or company. I mean if it provides no utility for the users of the platform or of the products of that platform it has no reason to exist actually. That is also the reason why it really makes me sad that the meme-coin (sh*it-coin) flood just does not seem to stop. I really hoped that it would all be gone after few weeks and months but it still goes on to this very day. It is just to easy to create a new copy and paste shit token.
I still think though that the people are smart enough to distinguish between sh*t-coins that will be dead again in a few weeks and real projects. That is also the reason why in the top 50 there are almost only projects with a utility except for 2 meme-coins.
I think the most overlooked blockchain technologies until the time of writing these couple lines are Vechain and Tron. Relatively old projects with great utilities, yet price/rank still almost the same for some time now.
I'm not sure the reason behind this, but I think these 2 blockchains will do more in the future in terms of price, adoption, and market cap. Tron TRC20 will be used for many new projects, like the upcoming ferox advisors. Defi is a huge sector and Tron will play a major role in its success.
I believe, with more time, these two projects will grow bigger.
I'm not sure the reason behind this, but I think these 2 blockchains will do more in the future in terms of price, adoption, and market cap. Tron TRC20 will be used for many new projects, like the upcoming ferox advisors. Defi is a huge sector and Tron will play a major role in its success.
I believe, with more time, these two projects will grow bigger.
I am not familiar with Persistence, but it is probably not right to say that other more efficient blockchains such as the two that you mentioned, Cosmos and Terra, were overlooked. In fact, these two projects are two of the stronger altcoin projects right now. Terra suddenly arrived in the top 10 out of nowhere while Cosmos is also in the top 20's. I actually did not notice these two when they suddenly gained popularity. But their rise to the top is a testimony that they are not overlooked.
I somehow agree as we can see the progress on luna when it comes to price same goes for cosmos but persistence not sure or never heard of it. I think I might take a look on that one.
I am shock how kuna becomes so fast and already on top 10 after few months. It seems L1 that has great potential comes from a new project. Eth seems to be have some trouble on scaling so definitely the good one to enter now are those potential L1 projects.
I am shock how kuna becomes so fast and already on top 10 after few months. It seems L1 that has great potential comes from a new project. Eth seems to be have some trouble on scaling so definitely the good one to enter now are those potential L1 projects.
Utility is something that is seriously overlooked by a lot of people in this space. It's understandable that this industry is highly speculative, but there are some blockchains in this space that don’t get the amount of attention they deserve.
These are blockchains that already exist, and even now provide a lot of utility, but they also have potential to provide even more utility in the future. Blockchains like Cosmos, Terra and Persistence are fast, cheap and decentralized. These blockchains also support advanced smart contracts, which allow the creation of great DApps.
There are a lot of blockchains in this space that are more popular than the aforementioned blockchains, and yet most of those blockchains either lack decentralization, or still lack support for smart contracts. Being a decentralized money that is a store of value is something Bitcoin already achieved over 10 years ago. New blockchains need to be able to add more utility on top of that, and the only way they can do that is by supporting DApps.
Additionally, Terra, Cosmos and Persistence are all highly interoperable with each other. The DApps on these blockchains benefit from this interoperability because they can support assets from any of the other 2 blockchains.
These are blockchains that already exist, and even now provide a lot of utility, but they also have potential to provide even more utility in the future. Blockchains like Cosmos, Terra and Persistence are fast, cheap and decentralized. These blockchains also support advanced smart contracts, which allow the creation of great DApps.
There are a lot of blockchains in this space that are more popular than the aforementioned blockchains, and yet most of those blockchains either lack decentralization, or still lack support for smart contracts. Being a decentralized money that is a store of value is something Bitcoin already achieved over 10 years ago. New blockchains need to be able to add more utility on top of that, and the only way they can do that is by supporting DApps.
Additionally, Terra, Cosmos and Persistence are all highly interoperable with each other. The DApps on these blockchains benefit from this interoperability because they can support assets from any of the other 2 blockchains.
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