Topic: What current cryptocurrency projects actually NEED a blockchain? (Read 203 times)
I give an example. Ethereum. They have a project called 'Ethereum Network'. What is clear in it is there are various tokens such as erc-20, erc-777, erc-721, and etc. Here Ethereum has a 'utility' function, that is, every transaction token or ethereum, definitely requires Ethereum as a transaction fee. and that's where the money gathers in the hands of the developer. Correct me, if it's wrong.
February 15, 2019, 07:30:03 PM
almost all projects currently use blockchain because the system is good enough to process the project even better.
February 15, 2019, 05:41:07 PM
Question came my mind when i was looking tokenomics and fundamentals to find new projects. So few projects seem to gain anything from a blockchain as you can do projects cheaper and faster with centralized approach... So shill me some projects.
For me, the blockchain will be suitable to be implemented in the payment system. Remember the real vision of bitcoin to create a decentralized payment system. Just try look at few projects that focused to build its decentralized payment and store. If really the government restrictions on cryptocurency will be lifted and adopted, I see the blockchain and the idea of bitcoin being the best. A decentralized payment system where one is the actual owner of his or her fund.
February 09, 2019, 02:06:15 PM
Every project needs blockchain but there is one problem that made all those projects die, and that is the speculative hype. When you read through many white papers, people really analyzed how centralized systems are a cheat but as I said, the overhype caused all the doom and almost every project died. To me, everyone still needs the blockchain technology and that's why after the bubble, we've seen even already existing companies and firm trying to implement blockchain in one way or the other.
Why would every project need a blockchain? That doesn't even make any sense to me. While blockchain is a very good solution to some problems, it is not a better solution for ALL the problems.
To be honest you are asking the wrong question.
The question to ask is what projects actually need cryptocurrency, because there are many projects that can actually benefit from the use of the blockchain but do not really need a native coin.
Blockchain and cryptocurrency are two different things and maybe you should do some research on the difference before digging in further.
I am well a aware of that the currency is just a byproduct of the blockchain mining. But the question remains even if we talk about just platform tokens. Some of them have an use case, some of them exist just because of the ico funding model. And i was answering to the claim that "Every project needs a blockchain". So maybe you should read before answering.
I am talking about your whole thread in general started off wrong, you asked the wrong question. Cryptocurrency is not a byproduct of blockchain mining as that is not the reason why crypto exists. What I am saying is that you seem to not be asking the right questions nor gaining the right answers from it.
There are many blockchains that run without crypto and the immutability of it is very essential in the business world.
most of the reason blockchains have coins is just because of the ICO nothing else as they have no real purpose.
a example is hyperledger which uses no cryptocurrency but provides real business to business solution with the use of blockchain which is very much needed in the business world.
I need to study the hyperledger before continuing , thanks for the info. Let me get back to you.
No problem, glad you gained some value from my post and actually took it in
February 09, 2019, 02:03:33 PM
Every project needs blockchain but there is one problem that made all those projects die, and that is the speculative hype. When you read through many white papers, people really analyzed how centralized systems are a cheat but as I said, the overhype caused all the doom and almost every project died. To me, everyone still needs the blockchain technology and that's why after the bubble, we've seen even already existing companies and firm trying to implement blockchain in one way or the other.
Why would every project need a blockchain? That doesn't even make any sense to me. While blockchain is a very good solution to some problems, it is not a better solution for ALL the problems.
To be honest you are asking the wrong question.
The question to ask is what projects actually need cryptocurrency, because there are many projects that can actually benefit from the use of the blockchain but do not really need a native coin.
Blockchain and cryptocurrency are two different things and maybe you should do some research on the difference before digging in further.
I am well a aware of that the currency is just a byproduct of the blockchain mining. But the question remains even if we talk about just platform tokens. Some of them have an use case, some of them exist just because of the ico funding model. And i was answering to the claim that "Every project needs a blockchain". So maybe you should read before answering.
I am talking about your whole thread in general started off wrong, you asked the wrong question. Cryptocurrency is not a byproduct of blockchain mining as that is not the reason why crypto exists. What I am saying is that you seem to not be asking the right questions nor gaining the right answers from it.
There are many blockchains that run without crypto and the immutability of it is very essential in the business world.
most of the reason blockchains have coins is just because of the ICO nothing else as they have no real purpose.
a example is hyperledger which uses no cryptocurrency but provides real business to business solution with the use of blockchain which is very much needed in the business world.
I need to study the hyperledger before continuing , thanks for the info. Let me get back to you.
February 09, 2019, 12:16:00 PM
Every project needs blockchain but there is one problem that made all those projects die, and that is the speculative hype. When you read through many white papers, people really analyzed how centralized systems are a cheat but as I said, the overhype caused all the doom and almost every project died. To me, everyone still needs the blockchain technology and that's why after the bubble, we've seen even already existing companies and firm trying to implement blockchain in one way or the other.
Why would every project need a blockchain? That doesn't even make any sense to me. While blockchain is a very good solution to some problems, it is not a better solution for ALL the problems.
To be honest you are asking the wrong question.
The question to ask is what projects actually need cryptocurrency, because there are many projects that can actually benefit from the use of the blockchain but do not really need a native coin.
Blockchain and cryptocurrency are two different things and maybe you should do some research on the difference before digging in further.
I am well a aware of that the currency is just a byproduct of the blockchain mining. But the question remains even if we talk about just platform tokens. Some of them have an use case, some of them exist just because of the ico funding model. And i was answering to the claim that "Every project needs a blockchain". So maybe you should read before answering.
I am talking about your whole thread in general started off wrong, you asked the wrong question. Cryptocurrency is not a byproduct of blockchain mining as that is not the reason why crypto exists. What I am saying is that you seem to not be asking the right questions nor gaining the right answers from it.
There are many blockchains that run without crypto and the immutability of it is very essential in the business world.
most of the reason blockchains have coins is just because of the ICO nothing else as they have no real purpose.
a example is hyperledger which uses no cryptocurrency but provides real business to business solution with the use of blockchain which is very much needed in the business world.
February 09, 2019, 12:09:07 PM
Every project needs blockchain but there is one problem that made all those projects die, and that is the speculative hype. When you read through many white papers, people really analyzed how centralized systems are a cheat but as I said, the overhype caused all the doom and almost every project died. To me, everyone still needs the blockchain technology and that's why after the bubble, we've seen even already existing companies and firm trying to implement blockchain in one way or the other.
Why would every project need a blockchain? That doesn't even make any sense to me. While blockchain is a very good solution to some problems, it is not a better solution for ALL the problems.
To be honest you are asking the wrong question.
The question to ask is what projects actually need cryptocurrency, because there are many projects that can actually benefit from the use of the blockchain but do not really need a native coin.
Blockchain and cryptocurrency are two different things and maybe you should do some research on the difference before digging in further.
I am well a aware of that the currency is just a byproduct of the blockchain mining (as the rewards motivates to keep the blockchain secure). But the question remains even if we talk about just platform tokens. Some of them have an use case, some of them exist just because of the ico funding model. And i was answering to the claim that "Every project needs a blockchain". So maybe you should read before answering.
February 09, 2019, 12:03:56 PM
Question came my mind when i was looking tokenomics and fundamentals to find new projects. So few projects seem to gain anything from a blockchain as you can do projects cheaper and faster with centralized approach... So shill me some projects.
Very few projects actually need a separate blockchain or blockchain at all. But people think they could put random STUFF + blockchain and raise millions from ICO. This is why now I'm very selective on where to invest my money. For example, a 3d or VR technologies have much bigger chances than XX music streaming ICO.
Haha then check out scroda.io a good example also of a good blockchain/ico
But yeah I agree some people also forget about revenue in the cryptoworld and just want to completly ignore it and think ICO and price gains are the only way to earn money in the crypto world while completely ignoring that companies can earn revenue also with crypto/blockchain
February 09, 2019, 11:51:35 AM
Question came my mind when i was looking tokenomics and fundamentals to find new projects. So few projects seem to gain anything from a blockchain as you can do projects cheaper and faster with centralized approach... So shill me some projects.
Very few projects actually need a separate blockchain or blockchain at all. But people think they could put random STUFF + blockchain and raise millions from ICO. This is why now I'm very selective on where to invest my money. For example, a 3d or VR technologies have much bigger chances than XX music streaming ICO.
February 09, 2019, 11:40:12 AM
Every project needs blockchain but there is one problem that made all those projects die, and that is the speculative hype. When you read through many white papers, people really analyzed how centralized systems are a cheat but as I said, the overhype caused all the doom and almost every project died. To me, everyone still needs the blockchain technology and that's why after the bubble, we've seen even already existing companies and firm trying to implement blockchain in one way or the other.
Why would every project need a blockchain? That doesn't even make any sense to me. While blockchain is a very good solution to some problems, it is not a better solution for ALL the problems.
To be honest you are asking the wrong question.
The question to ask is what projects actually need cryptocurrency, because there are many projects that can actually benefit from the use of the blockchain but do not really need a native coin.
Blockchain and cryptocurrency are two different things and maybe you should do some research on the difference before digging in further.
February 09, 2019, 11:37:54 AM
Quote
Why would every project need a blockchain? That doesn't even make any sense to me.
It makes sense if the project owner thinks about the P2p network and something that is not controlled by one person/owner and every the transaction wants permanent noted.Quote
While blockchain is a very good solution to some problems, it is not a better solution for ALL the problems.
Of course, the conclusion depends on the case of the project owner's use and motivation. February 09, 2019, 11:02:53 AM
Every project needs blockchain but there is one problem that made all those projects die, and that is the speculative hype. When you read through many white papers, people really analyzed how centralized systems are a cheat but as I said, the overhype caused all the doom and almost every project died. To me, everyone still needs the blockchain technology and that's why after the bubble, we've seen even already existing companies and firm trying to implement blockchain in one way or the other.
Why would every project need a blockchain? That doesn't even make any sense to me. While blockchain is a very good solution to some problems, it is not a better solution for ALL the problems.
February 09, 2019, 09:08:01 AM
Question came my mind when i was looking tokenomics and fundamentals to find new projects. So few projects seem to gain anything from a blockchain as you can do projects cheaper and faster with centralized approach... So shill me some projects.
For me, the blockchain will be suitable to be implemented in the payment system. Remember the real vision of bitcoin to create a decentralized payment system. Just try look at few projects that focused to build its decentralized payment and store. Unlike Ethereum who have done many things with the smart contract that they have.
February 08, 2019, 01:08:59 PM
Question came my mind when i was looking tokenomics and fundamentals to find new projects. So few projects seem to gain anything from a blockchain as you can do projects cheaper and faster with centralized approach... So shill me some projects.
I doubt not many of them actually "need" a blockchain but all in all why should they? We are not putting blockchain on stuff because they must have it or it wouldn't exist, blockchain is not something that is vital for it to exist but just something that makes it better. We can have bitcoin without the blockchain as well but it wouldn't have the proper backing to it and could have millions of issues that is fixed by the blockchain, same applies for all coins.Even the most absurd and horrible coin needs blockchain for even the simplest stuff like preventing double spending for example, there are higher things like ethereum blockchain presenting a lot of stuff to the community as well but it doesn't "need" it, its just good to have it. Hence I think blockchain is needed on all cryptocurrency projects and non-crytpo things as well because it is not a "must" but it is always a "good to have" for them.
February 07, 2019, 08:41:29 AM
Very few actually. Many don't need a blockchain but use it anyways. Many problems can be solved without a blockchain. But they use it still, probably because using a blockchain is very fashionable nowadays. In fact if you use a blockchain and you don't have enough hash power to secure it, your project may become a victim to hacking, 51 attacks and similar problems. It may be a counterproductive if a weak coin uses a blockhain without enough computer power. A weak coin would be much more stable if it uses the Ethereum blockchain, or some of the other similar blockchains.
February 07, 2019, 07:51:33 AM
Because Blockchain is a future technology that has almost no weaknesses (can't be hacked). Blockchain is a technology that is needed by cryptocurrency to record transactions so that transactions cannot be manipulated.
February 07, 2019, 06:27:17 AM
Without blockchain, every single transaction couldn't ran because they really need blockchain to confirm their transactions.
February 07, 2019, 06:24:06 AM
So actually it will be difficult for people like us to tell which project is really good, because the point is only the core team of each project can tell it.
The point is, that we all know, most of whitepaper just telling us about "Blockchain will synchronize with their products" but they don't explain how to do that. If it's just making apps and things like that then what changes can be obtained ?
Do you think just for built an apps, make new exchange, new network, can we call this "they need blockchain" ? I don't think so, they abuse and explot the blockchain
The point is, that we all know, most of whitepaper just telling us about "Blockchain will synchronize with their products" but they don't explain how to do that. If it's just making apps and things like that then what changes can be obtained ?
Do you think just for built an apps, make new exchange, new network, can we call this "they need blockchain" ? I don't think so, they abuse and explot the blockchain
February 07, 2019, 05:33:07 AM
Question came my mind when i was looking tokenomics and fundamentals to find new projects. So few projects seem to gain anything from a blockchain as you can do projects cheaper and faster with centralized approach... So shill me some projects.
For me, the blockchain will be suitable to be implemented in the payment system. Remember the real vision of bitcoin to create a decentralized payment system. Just try look at few projects that focused to build its decentralized payment and store. February 07, 2019, 04:40:16 AM
Privacy oriented. Censorship prone fields. Everyone that wants to convey a willingness to give up control and work in a fully transparent way.
Projects in rogue countries, rogue governments and rogue corporations.
Projects in rogue countries, rogue governments and rogue corporations.
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