Topic: Is there any interest in a small blocktime crypto, like FastCoin ? (Read 290 times)
To answer your second question. to my knowledge, vcash has instant transfers on par with CC txs in speed and tps.
June 22, 2017, 07:33:43 PM
i'm holding fastcoin 
June 21, 2017, 02:59:55 PM
I have recently be interested in FastCoin, because of the recent pump, and because of this interesting specificity: It's the coin with the smallest blocktime deepest blockchain.
And now I'm wondering: Is there any interest in such a coin ?
The point of cryptocurrencies is to make people able to transfer money securely without any super-entity supervising it. Bitcoin, Ethereum, and all those big cryptos are a solution to that. Yet it's only viable for money transfers, not instant purchases (Ethereum needs 12 confirmations). Some would argue there are some services like Advanced Cash, but then we lose a part of the decentralization that made cryptocurrencies such a great idea.
Some merchants accept less than 6 confirmations, some merchants accept without confirmations. But this requires trust between the buyer and the seller, in order to avoid double-spends. There is nothing to replace our credit cards.
Now are the real questions:
Is a low blocktime coin of any interest ?
Could such a coin replace credit cards and make cryptocurrencies more popular in the world ?
I'm quite new about all that, don't hesitate to correct me if I'm wrong somewhere.
And now I'm wondering: Is there any interest in such a coin ?
The point of cryptocurrencies is to make people able to transfer money securely without any super-entity supervising it. Bitcoin, Ethereum, and all those big cryptos are a solution to that. Yet it's only viable for money transfers, not instant purchases (Ethereum needs 12 confirmations). Some would argue there are some services like Advanced Cash, but then we lose a part of the decentralization that made cryptocurrencies such a great idea.
Some merchants accept less than 6 confirmations, some merchants accept without confirmations. But this requires trust between the buyer and the seller, in order to avoid double-spends. There is nothing to replace our credit cards.
Now are the real questions:
Is a low blocktime coin of any interest ?
Could such a coin replace credit cards and make cryptocurrencies more popular in the world ?
I'm quite new about all that, don't hesitate to correct me if I'm wrong somewhere.
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