there are too many useles coin or people said shitcoins at this moment
and i think the disadvantages of altcoins is in the quantities of alt without qualities
Topic: what are the disadvantages of altcoin ? - page 7. (Read 567 times)
Well, altcoins are being developed on various native blockchain like ethereum, neo, stratis, nem etc. As these native blockchain have limitations, altcoins built on top of that appear to have limitations.
The first major reason can be adoption. Numerous of ICO's are being launched and products are being developed, but only few of them contains possibility of adoption in real-time. We have to wait until mainnet launch and within this time it might get competitors with running product, right? However, look at the adoption possibilities of Request Netwrok, WABI etc, as they clear roadmap checkpoint, possibility of adoption is great.
If you have mistakenly sent your altcoins to other address than recipient, your sent altcoins are lost. There is no way to reverse back that transaction.
Volatility of altcoins is the most important factor behind poor adoption of altcoins. People don't want to use them within their real application because of the fear of price uncertainty. Most of the giant companies are silent towards cryptocurrencies and ratio of unawareness from cryptocurrencies is not supposed to be decrease due to this fact. People are not aware of how to use cryptocurrency and hence open themselves to hacker and scammers. The technology is somewhat complex and therefore one needs to be mindful of it before investing.
The first major reason can be adoption. Numerous of ICO's are being launched and products are being developed, but only few of them contains possibility of adoption in real-time. We have to wait until mainnet launch and within this time it might get competitors with running product, right? However, look at the adoption possibilities of Request Netwrok, WABI etc, as they clear roadmap checkpoint, possibility of adoption is great.
If you have mistakenly sent your altcoins to other address than recipient, your sent altcoins are lost. There is no way to reverse back that transaction.
Volatility of altcoins is the most important factor behind poor adoption of altcoins. People don't want to use them within their real application because of the fear of price uncertainty. Most of the giant companies are silent towards cryptocurrencies and ratio of unawareness from cryptocurrencies is not supposed to be decrease due to this fact. People are not aware of how to use cryptocurrency and hence open themselves to hacker and scammers. The technology is somewhat complex and therefore one needs to be mindful of it before investing.
in your opoinion what are the disadvantages of altcoin ?
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