Every thing that is popular will always be scammers, so like it or not this is happening now. should a project seriously want to develop their platform, it's better to use Blockchain privately.
see now compare projects that have private Blockchain projects that use smartcontac. the average project that has a private blockchain persists and is still actively developing.
Topic: ERC20 gives birth to too many shitcoins - page 4. (Read 1373 times)
Without any doubt there are a lot of shitcoins that are based on ERC-20 blockchain, but it is the easiest and the cheapest way to create your token and thats why the most popular method. If BNB will make a swap for free, a lot of projects would migrate to Binance chain. But the only difference is that shitcoins are going to be on Binance chain.
This is decentralization anyone can make or create his own token for his company or attach it to his products and services, Ethereum just so happen was create to make it easier for any company or individual to create a token for themselves.
Now there are much more opportunities to create your own coins. it is not necessary to use blockchain ETH. It seems to me that the ETH is not convenient for these purposes. 
This is decentralization anyone can make or create his own token for his company or attach it to his products and services, Ethereum just so happen was create to make it easier for any company or individual to create a token for themselves.
Exactly, the blame should be on the lack of regulation in the market and on the ignorance of the investors and not on the tech. ETH is design to give freedom on any project that would like to build on ETH platform and they all have the freedom to do that, so if we are aware of that, we know the risk.
You can't count them all because there are too many of them especially the shit one. I think its because of them why they are lots of scammers who manage to make their own tokens and come up with an idea to get people money. but let's be honest here there are some tokens too that are successful who really are making some contribution to the block chain technology.
This is decentralization anyone can make or create his own token for his company or attach it to his products and services, Ethereum just so happen was create to make it easier for any company or individual to create a token for themselves.
If we start counting all useless tokens in crypto space you will notice that most of this useless tokens are running on erc20 block chain ,many good altcoins ive came across have separate owned block chain and they are plain better, I guess the reason we have too many shit altcoins in crypto space is because of the flexibility of erc20 ,making it easy for unprofessionals to build there useless tokens.
We have some good altcoins that are running on erc20 but you will see then moving to their own block chain later on or it will be included in their roadmap about the future swap.
The reason why I like tron block chain is the ability to get rid of fake tokens running on tron blockchain if ethereum can do this it will help a lot.
My answer is too many shitcoins are based on erc20.
that's not true, ethereum has nothing to do with any bad project that existed in its chain. Ethereum has developed it's product for a better and easy use for developers. Also ethereum is not the only project that is open chain. Why don't you talk about many scam project in waves too? We have some good altcoins that are running on erc20 but you will see then moving to their own block chain later on or it will be included in their roadmap about the future swap.
The reason why I like tron block chain is the ability to get rid of fake tokens running on tron blockchain if ethereum can do this it will help a lot.
My answer is too many shitcoins are based on erc20.
It is not as if ERC20 platform is the propagator of shitcoins, but that because it offers an opportunity for just anyone to lunch his token on it, because of it's smart contract. This can also happen on other platforms that offer the opportunity. So ERC20 is not the cause.
I agree. ERC-20 supports mostly of the platform but it has nothing to do with shitcoins because they are just giving opportunity to everyone who wants to deploy the coin in the market. There is company that taking risk on the market but the project won't take long to operate and leave the market with no value. Shitcoins started when airdrop came into market.
ERC20 really gave birth to shitcoins but didn't you see it?
there are also those who use ERC20 which is the best altcoins currently available?
this is not about ERC20 or any other block chain but about people who claim to use the platform for personal gain only.
there are also those who use ERC20 which is the best altcoins currently available?
this is not about ERC20 or any other block chain but about people who claim to use the platform for personal gain only.
Most ERC tokens are created for Airdrop and their creation is simple and doesn't cost as much as other tokens on other platforms. Smart forms of contracts on Ethereum are quite easy to use and popular. Some projects forged tokens on lazy Ethereum network cause confusion for investors. Those are the reasons why ERC20 has so many shitcoin.
That's right, ERC20 is mostly used by most ICO projects, because it's very free and easy to use, but the biggest weakness of ERC20 is that it has given birth to a lot of Shitcoin that we see today in the ETH market.
That is true that there are many of altcoins based on the Ethereum Blockchain.
Because Ethereum network is the only platform that easy to use for the many developers of projects.
Because Ethereum network is the only platform that easy to use for the many developers of projects.
Many of these – but you should also see that ERC20 has generated a lot of successful coins. I see that we have to be smart in investing in order not to get stuck in useless coins. See the price of Bitcoin and Ethereum starting to grow high. So now is the right time for all the coins to start going up.
Yes thats was true too many shitcoin on erc20, but ethereum is real decentralized platform, any one can create smartcontract on erc20..
Erc20 platform is a smart contract in several ico projects, some ico projects use this platform to develop their projects or tokens. but over time, many scamers have misused this platform for their own sake, and that is the reason why many of the new coins generated from this platform become useless.
Why does ERC20 find many shitcoins because we know that making tokens is very easy. And of course if people make their own tokens shitcoins will always be created, if they really have the initial intention to make these tokens useless. So until that time it will always be created.
Most ERC tokens are created for Airdrop and their creation is simple and doesn't cost as much as other tokens on other platforms. Smart forms of contracts on Ethereum are quite easy to use and popular. Some projects forged tokens on lazy Ethereum network cause confusion for investors. Those are the reasons why ERC20 has so many shitcoin.
It is not as if ERC20 platform is the propagator of shitcoins, but that because it offers an opportunity for just anyone to lunch his token on it, because of it's smart contract. This can also happen on other platforms that offer the opportunity. So ERC20 is not the cause.
All can make tokens on ERC20 and this makes a lot of shitcoin in the ethereum network. This is what makes us have to do research on the developer team because the project will be good if the developer team understands the project being worked on and also has an extensive network in the field of the project to create a partnership
Ethereum ERC 20 blockchain cannot be blamed for the birth of the numerous shitcoinsin the cryptocurrencies market today. The reason is because after the ico boom of the year 2017, a lot of people seek ways to make money through cryptocurrencies and the ease of creating smart contracts and blockchains on ERC20 meant that it is the blockchain that is mostly used.
Even blockchains like NEO and Stellar and has also given birth to a number of equally shitcoins
Even blockchains like NEO and Stellar and has also given birth to a number of equally shitcoins
All because it is the first platform that provides opportunities to create tokens. And it is still popular. It doesn't matter how easy it is to create your coin, it matters the willingness of the team to work and develop it. Few people are really ready to do it and so in the end many coins dont survive.
It is not as if ERC20 platform is the propagator of shitcoins, but that because it offers an opportunity for just anyone to lunch his token on it, because of it's smart contract. This can also happen on other platforms that offer the opportunity. So ERC20 is not the cause.
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