Topic: What would the ideal cryptocurrency ecosystem be like? (Read 485 times)
Divi is a project that you can still get. Using them to run masternodes and stake right now, and trust me it's not too late yet. It's been listed on KuCoin lately but maybe even bigger exchanges are coming soon.
We know, that nowadays many blockchain platforms with their respective coins are competing to be number one in the cryptocurrency space.
There are people who agree with Ethereum and there are also those who agree with Binance as one of the best as a place to create smart contracts (for example).
Apart from these two platforms and parameters, do you all agree if someone leads an ecosystem related to the world of blockchain and cryptocurrencies?
What should the ideal world be like?
FYI: Google is the ruler of the internet, and there are people who agree with what he is doing, but there are also those who don't.
There are people who agree with Ethereum and there are also those who agree with Binance as one of the best as a place to create smart contracts (for example).
Apart from these two platforms and parameters, do you all agree if someone leads an ecosystem related to the world of blockchain and cryptocurrencies?
What should the ideal world be like?
FYI: Google is the ruler of the internet, and there are people who agree with what he is doing, but there are also those who don't.
Cannot agreed more with you yeah. There's their own perspective on what best and whats number one and whats number second. But guess what? I found other blockchain that really got my attention. That's DIVI. DIVI already listed on so many exchanges, such KuCoin, etc. Also really love with their weekly rewards system and of course i love staking as well so that's why i love DIVI more. Can staking with DIVI while waiting market back on track again and we doesn't lost of their value of course. Recently, Divi just accepted as payment for Maple Syrup. Well not gonna line, there's huge early steps that DIVI has made. Hope they will get more recognition of course, also this is from my own opinion. Not to do promo or just like that, you can check it out first and do own research of course with their reference
We know, that nowadays many blockchain platforms with their respective coins are competing to be number one in the cryptocurrency space.
There are people who agree with Ethereum and there are also those who agree with Binance as one of the best as a place to create smart contracts (for example).
Apart from these two platforms and parameters, do you all agree if someone leads an ecosystem related to the world of blockchain and cryptocurrencies?
What should the ideal world be like?
FYI: Google is the ruler of the internet, and there are people who agree with what he is doing, but there are also those who don't.
Ethereum and Binance smart chain are the most popular ecosystems right now, but if we want independence, then the community needs a decentralized internet.There are people who agree with Ethereum and there are also those who agree with Binance as one of the best as a place to create smart contracts (for example).
Apart from these two platforms and parameters, do you all agree if someone leads an ecosystem related to the world of blockchain and cryptocurrencies?
What should the ideal world be like?
FYI: Google is the ruler of the internet, and there are people who agree with what he is doing, but there are also those who don't.
Users launch new nodes and rent servers from large companies such as Amazon.
What happens if Amazon decides to disable these nodes?
For me, the ideal cryptocurrency is, first of all, the most decentralized coin.
We know, that nowadays many blockchain platforms with their respective coins are competing to be number one in the cryptocurrency space.
There are people who agree with Ethereum and there are also those who agree with Binance as one of the best as a place to create smart contracts (for example).
Apart from these two platforms and parameters, do you all agree if someone leads an ecosystem related to the world of blockchain and cryptocurrencies?
What should the ideal world be like?
FYI: Google is the ruler of the internet, and there are people who agree with what he is doing, but there are also those who don't.
There are people who agree with Ethereum and there are also those who agree with Binance as one of the best as a place to create smart contracts (for example).
Apart from these two platforms and parameters, do you all agree if someone leads an ecosystem related to the world of blockchain and cryptocurrencies?
What should the ideal world be like?
FYI: Google is the ruler of the internet, and there are people who agree with what he is doing, but there are also those who don't.
This is the crypto space and one of the features it is known for is decentralization, and that is why most of these blockchains like Ethereum is still valid today and is still growing, take a look at Bitcoin a lot of people trust in its decentralized nature hence the reason they can invest and be at cool with their long term plans. Although there are some platforms which are heavily centralized and that is also one of the reasons a lot of people are always skeptical about them, look at Ripple and how the community feels about it and even despite growing so much a lot of people still don't believe in it.
Therefore in my opinion, the features a blockchain platform offers is important but that decentralized nature is the most important of all, thus if a person will be the sole manager of a blockchain platform, trust will hardly be found within that blockchain and it might end up not growing as it is supposed to.
Lastly, an ideal cryptocurrency ecosystem in my own understanding is an ecosystem where trust in found both from the team to their use case, where reliability is found that is, the token or coin growing as it is meant to and not pump and dump, it is also an ecosystem where there is clear and positive impact of cryptocurrencies on human lives.
Of course there are some similarities between the Binance Smart Chain and Ethereum. In part, that's what makes it so easy for Ethereum users to migrate and start experimenting with BSC. But despite these similarities, BSC made interesting changes to try to improve performance and efficiency. The Proof of Staked Authority (PoSA) consensus engine allows users to enjoy cheaper and faster blockchain transactions.
Apart from these two platforms and parameters, do you all agree if someone leads an ecosystem related to the world of blockchain and cryptocurrencies?
What should the ideal world be like?
I think an ideal ecosystem is simplicity for connecting blockchain platforms, connecting different applications like ETH, BNB, Avax, Sol, and latest ADA with the upcoming smart contract launch next. In order to do that, different blockchains will have to sacrifice their independence and move towards an open development process. Currently the bridge has been developed but it is still a bit difficult for users. It takes quite a while to move between blockchain blocks. I hope there will be improvements on this. What should the ideal world be like?
I haven’t learned all the ropes of Ethereum 2.0. Moreover we don’t know when exactly it is going to happen, but Vitalik Buterin states that there are three main features: scalability, decentralisation and security, and all projects can have only two of them. So if Ethereum is safe and decentralised now, maybe it will not be so secure and decentralised in the future when it becomes more scalable.
He won't sacrifice those 2 main cores of cryptocurrency just in case to reach more scalability. I think he will enhance the security and also the speed of the transaction.
They also change the way to earn the coin to staking, i think people is more familiar with mining if we talk about cryptocurrency because the bitcoin itself people earn it from mining, this will be something that we have to wait and see the market approach in the future when ETH 2.0 launch.
But in conclusion they will provide a better system and environment for cryptocurrency space, and i'm sure the price of ETH will be higher also
I haven’t learned all the ropes of Ethereum 2.0. Moreover we don’t know when exactly it is going to happen, but Vitalik Buterin states that there are three main features: scalability, decentralisation and security, and all projects can have only two of them. So if Ethereum is safe and decentralised now, maybe it will not be so secure and decentralised in the future when it becomes more scalable.
The ideal cryptocurrency ecosystem in my opinion is the one where all cryptocurrencies are crosschained and can be easily converted to other cryptocurrencies based on their value which will be pegged against BTC. That way, it doesn't matter what coins you are holding, you will have liquidity as much as anyone else holding any other coins and the growth of projects will not just be easily influenced by what exchanges they are traded on but how good the projects are and the value that they offer
ideal crypto in my opinion
have guaranteed security,
Cheap withdrawal fees on exchanges or personal wallets
but that hope will somehow be realized due to the increasing number of crimes in crypto
have guaranteed security,
Cheap withdrawal fees on exchanges or personal wallets
but that hope will somehow be realized due to the increasing number of crimes in crypto
The ideal ecosystem is one where everyone works together. Every secure project that has things that can benefit itself and others should work together to create one big world wide ecosystem that allows for everyone to get the best from all of the best blockchains. Blockchains should be working together, they should not be competing.
As for a small investor, scalability and, as a result, the cheapness of transaction fees is really important. Unfortunately, Ethereum is very expensive compared to other blockchains like Binance Smart Chain, Polygon, Tron etc. Nevertheless, it had other important features. It is decentralised and safe which is also very important. I strongly believe that Ethereum 2.0. will solve problems of scalability so it will be the ideal blockchain.
The easiest cryptocurrency for users is NEAR protocol, you can interact with smart contracts but you don't need Metamask.
Maybe it's too naive if we expect the ideal market to be Crypto.
We know that the market Crypto is very volatile. Prices cannot be determined to just rise and continue to maintain and then go up again. There are times when the price suddenly drops very drastically only at a very fast time. Can we stop it? No, of course. Because there are various strengths and interests in the world of Crypto, just like in the real world. And this is what won't make the world of the Crypto Market ideal. But at least, we must take advantage of every Market Condition.
We know that the market Crypto is very volatile. Prices cannot be determined to just rise and continue to maintain and then go up again. There are times when the price suddenly drops very drastically only at a very fast time. Can we stop it? No, of course. Because there are various strengths and interests in the world of Crypto, just like in the real world. And this is what won't make the world of the Crypto Market ideal. But at least, we must take advantage of every Market Condition.
I totally disagree, it's like a monopoly and very far from what blockchain technology is trying to achieve. and there is no ideal ecosystem in the crypto market because all will always be competing. there will be no leader who controls the ecosystem, all have an equal chance of being successful.
There are many projects that replicate the main core projects and there are many trying make it a monopoly like what Binance is doing replicating other projects and they are making a ton of money and they have the backing to do anything else and we need decentralized market place and projects and the market will determine which one will succeed and the future depends upon decentralized market. Every platform has its own advantages just like ETH being the first to have come up with it but there are actually first before ETH but were not very successful. Bitshare I believe is just one and it's still pretty much in the market with a considerable volume. Because this is decentralized, you just can't prevent anyone from creating another which is why there are different ecosystems including that BSC, TRX, EOS, WAVES, and so on. ETH so far is the most dominating because there are far more developers dwelling on it.
There is always competition here, so the worst possibility is that there will be a winner in the competition.
We certainly don't want to be monopolized by one actor, but if that happens do you want to stay here holding on to your idealistic mindset or choose to leave the world of cryptocurrencies?
Thanks for the response from all my friends in this forum.
Not really. For me, idealistic mindset as you mean only applies to me. Regarding market monopoly, it is impossible for one actor to do it. Other actors are also involved. Competence in the cryptocurrency world should be a good example, so that it can only be said to be ideal. We certainly don't want to be monopolized by one actor, but if that happens do you want to stay here holding on to your idealistic mindset or choose to leave the world of cryptocurrencies?
Thanks for the response from all my friends in this forum.
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
Must there be a leader?
There is always competition here, so the worst possibility is that there will be a winner in the competition.
We certainly don't want to be monopolized by one actor, but if that happens do you want to stay here holding on to your idealistic mindset or choose to leave the world of cryptocurrencies?
Thanks for the response from all my friends in this forum.
There are people who agree with Ethereum and there are also those who agree with Binance as one of the best as a place to create smart contracts (for example).
Apart from these two platforms and parameters, do you all agree if someone leads an ecosystem related to the world of blockchain and cryptocurrencies?
Yes, can we trust Rsk Network with the Iris upgrade for smart contracts? The civilization of blockchain with bitcoin is always evolving, it is real value.
Must there be a leader?
Ethereum and Binance are examples you mentioned with the advantages of smart contracts (examples) without me having to compare them with others. Then, what happens to other coins on the market. As if I can clearly say that the market continues to be monopolized. Then how the ecosystem is good or ideal, maybe you know better than me.
Ethereum and Binance are examples you mentioned with the advantages of smart contracts (examples) without me having to compare them with others. Then, what happens to other coins on the market. As if I can clearly say that the market continues to be monopolized. Then how the ecosystem is good or ideal, maybe you know better than me.
Jump to: