Topic: How to See the Future of Altcoin? - page 9. (Read 1723 times)
In the future altcoins will be same as investment instruments today. I'm exatly sure that tokens erc-20 will be changes in technical plan.
This has to do your own understanding of what a good tech is, it might help when you're educated more so when you have a degree in computer science and experience running a business, or just an experience coder or has been crypto/tech space for quite sometime. Then you might have informed judgement over the project.
there a many factors which determine the value of an altcoins like faster transactions, lower fees and most importnat potential use of the coin. algorithms are for coins and the difference between coin and token is that coin have its own blockchain and token build on anyother blockchain like bitcoin's blockchain or ethereum's blockcahin.
I first look at explanations about token because some projects just create token to raise money, token should be the most important thing for project.
Actually there are no one in the world can see the future of alternative coins, we just can make analysis fundamental or technical to prediction about it and it is not 100% accurate, in my personal opinions to know the future of alternative coins, i must know the fundamental of aspects are like, the developers of the alternative coins, the innovations, updating in the alternative coins and the community of alternative coins ( the miners, investors and the traders).
in my opinion, a good altcoin is an altcoin who already had a working product, not a prototype and has a real-life use and clear and achievable roadmap and a huge community will define a successful project.
for me, i use alt cause the fee is much cheaper and transaction more faster but the main reason is cause the price, you know buy it while its cheap once alt have same price like bitcoin and the bitcoin himself even higher i cant buy anything at that time
There are many factors regarding utility. One of them is privacy. Another could be mining or efficiency. Even consensus. And then you have the platforms and the utility behind them, which could also be used as currency. But you never know which one will stand out.
What do you mean about privacy? I'm really newbie and don't know about the concept. I only use altcoin, so I only know about wallet and how to send/receive coin.
There are many factors regarding utility. One of them is privacy. Another could be mining or efficiency. Even consensus. And then you have the platforms and the utility behind them, which could also be used as currency. But you never know which one will stand out.
Let me ask you about what should I learn to know the future of altcoin. I heard some term like algorithm, dev and other. What factor which are make altcoin used by more people, i.e for trading, payment processor or others? For example, in my community most of people use dogecoin due to low fee. Any other factor than fee?
And....if new coin announced, how to see that coin maybe promising or not?
Thanks in advance for your reply.
And....if new coin announced, how to see that coin maybe promising or not?
Thanks in advance for your reply.
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