Which Cryptocoin will NOT have issue with transactions in the future?

lumierre

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Quote from: sfang on April 20, 2021, 06:34:25 AM

Topic, which cryptocoin will NOT have issues with transaction fee's or the waiting time that all the big ones have issues with?

Bitcoin is going to falter due to the high transaction fees and big load on the network and if there is a outage in China then all the world needs to wait for them to get back up...
Is there any cryptocoin that have good quality and not high transaction fees and not the same structure that will become a problem with transaction times?

Thanks in advance

The answer is obvious. Blockchains with a high scalability have low transaction fees and are very fast.
Different solutions of the second layer, sidechains stand out for their speed and cheapness. For example, Polygon, Binance Smart Chain, Tron are very cheap and fast compared to ethereum.
But you know that getting scalability we lose either security or decentralization.

tabas

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Quote from: Bezelowy on August 05, 2021, 05:40:09 PM

Nano, the one and only

It's not the one and only but I do understand why you've said Nano. But at least get the idea out from yourself so that others will be able to think if what you're saying is good enough for them to understand Nano.

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Why not take a dive into the Polygon (MATIC) too as it is built for connecting Ethereum blockchain network. Do well to make a little research about the Kardiachain network (KAI). This two should pass the test in solving both congestion and high fees in the near future.

Kardiachain is gaining popularity and I think there's really a point that this project is going to be known a little more soon.

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Nano, the one and only

tabas

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Quote from: Anonymous100 on August 05, 2021, 03:54:37 PM

You don't seem very familiar with Bitcoin to say Bitcoin is shaky due to high transaction fees. If you use the official Bitcoin wallet, namely Bitcoin Core, Bitcoin transaction fees are zero. Perhaps the cheapest transaction fees today are Tron, or some other. On each exchange the transaction fee for Tron is 1. If the price of Tron reaches $ 10, the transaction fee is $ 10. I think all transaction fees of each coin are cheap, but it depends on the price of the coin itself.
I think we are more worried about tokens than all blockchains today. Because all of these tokens the transaction fee is the master coin. Suppose an ERC20 USDT token, the transaction fee is Ethereum. If the Ethereum network fees are high, then all tokens on the Ethereum blockchain will be high transaction fees.

Right now the fees for bitcoin isn't also costly just as those altcoins that you've mentioned with cheap fees. I consider the fee for bitcoin to be cheap these days.
People have always been arguing how high the tx fees are for bitcoin but probably they've missed trying any transaction on it lately.

Anonymous100

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Quote from: sfang on April 20, 2021, 06:34:25 AM

Topic, which cryptocoin will NOT have issues with transaction fee's or the waiting time that all the big ones have issues with?

Bitcoin is going to falter due to the high transaction fees and big load on the network and if there is a outage in China then all the world needs to wait for them to get back up...
Is there any cryptocoin that have good quality and not high transaction fees and not the same structure that will become a problem with transaction times?

Thanks in advance

You don't seem very familiar with Bitcoin to say Bitcoin is shaky due to high transaction fees. If you use the official Bitcoin wallet, namely Bitcoin Core, Bitcoin transaction fees are zero. Perhaps the cheapest transaction fees today are Tron, or some other. On each exchange the transaction fee for Tron is 1. If the price of Tron reaches $ 10, the transaction fee is $ 10. I think all transaction fees of each coin are cheap, but it depends on the price of the coin itself.
I think we are more worried about tokens than all blockchains today. Because all of these tokens the transaction fee is the master coin. Suppose an ERC20 USDT token, the transaction fee is Ethereum. If the Ethereum network fees are high, then all tokens on the Ethereum blockchain will be high transaction fees.

Looper_U

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High gas fee can't stop BTC you know and this gas fee isn't even close to ETH gas fee yet people are using ETH for transaction everyday, the fact is once a crypto coin have better value the gas fee will never be the same again

Psynthax

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A coin that still pays the fee required by deducting "itself" like for example sending ETH you need to pay using ETH itself definitely has the risk of bloating gas cost if the coin happen to have bullrun and the value is increasing unexpectedly high.
I think it's now the time for the new coin to create a blockchain that pays the fee using other coin like for example if you want to send an ETH instead of deducting the fee from your ETH it's gonna use another coin like for example GASETH that's created to be rather stable so when the price of the main coin (ETH) increase so high the fee not get affected.

Mariana Lisa

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I prefer N2 Coin, this coin creates more hype in banking and crypto field users, compared to other coins the transaction fees are low and N2 coin has more potential in future.

raji1995naya

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As I had suspected, most of the top coins have no significant flaws. If that it did exist, there is still the risk that there were problems with the transaction, but I believe they were small. In light of the fact that this coin has already launched its chain, I believe that peace is sufficient. I believe it is preferable to forget about Monero and instead concentrate on the coin that was created to establish the payment system.

makishart

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Quote from: sfang on April 22, 2021, 05:28:16 AM

Thanks for the replies guys.

I'll take a look top XRP(Ripple) and some others, someone mentioned Harmony?

Also what happened to monero?

Monero is focusing to the privacy rather than try to provide a scalable chain that can be used by people to create microtransaction.
I think that harmony is good enough consider this coin already launched its chain. I think that it's better to forget monero and then stick into the coin that was focusing to develop the payment channel system.

Lizzylove1

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EOS has a very fast blockchain, but people abandoned it due to some complex nature it brought with it. Simplicity in cryptocurrency project is very important. You pay to create EOS wallet, that to me is not really good. Near is another project to watch, it's in a competition with ETH. DOT is a great project that plans to compete with ETH but the ecosystem is not yet live.

irsykes

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Quote from: sfang on April 20, 2021, 06:34:25 AM

Topic, which cryptocoin will NOT have issues with transaction fee's or the waiting time that all the big ones have issues with?

Bitcoin is going to falter due to the high transaction fees and big load on the network and if there is a outage in China then all the world needs to wait for them to get back up...
Is there any cryptocoin that have good quality and not high transaction fees and not the same structure that will become a problem with transaction times?

Thanks in advance

My coin list for transaction still on TRC20 (Tron chain) or maybe TRX itself and Waves, i think both coin still supported by a lot of devices and with both of it i still not meet any problem yet. Like yesterday i withdraw waves with fee only 0.002 Waves From Yobit.

sfang

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Thanks for the replies guys.

I'll take a look top XRP(Ripple) and some others, someone mentioned Harmony?

Also what happened to monero?

bonyaserg

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Personally, I find it very difficult to say which cryptocurrency will not have problems with transactions. Since almost all large coins have no transaction problems. There are only very large commissions for withdrawing and depositing funds. In general, all transactions are carried out as usual. So far, transactions are going through without problems at this time.

WalkerIVIV

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What about some existing coins like DAG coin? That's worth to take a look at. I think that the new altcoins have been fixing the scalability problem that faced by bitcoin and didn't you watch the latest development on the altcoin? I think that you will see that if there are bunch of altcoins that already developed fastest blockchain.
You can even send a few thousand dollars with fees less than 1 cents. DOT, BNB, XRP are scalable enough

semobo

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EOS, Ripple, TRON and much more shitcoins ae capable of producing high TPS which is far higher than bitcoin's TPS. But the issue with the bitcoin transaction can be temporary and in the future when there are more people starts to adopt a lighting network then there will be no congestion in the mempool.

senyorito123

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Quote from: fosco333 on April 21, 2021, 05:00:48 AM

I think top crypto coins have no major issue on their blockchain network.
If it was exist, it would be solved already because usually they launch their test net first in the beginning.
Launching a new blockchain without testing it will be risky because usually issues can be found and solved in the test phase before main launch.

Same as what I had observed, there is no big issue on most of the top coins. Assuming that it may happened, there is always possibility that issues in transaction occurred but I guess it just a minor issues just like the system of the trading sites or the transaction fees that may affect due to its volatility.

fosco333

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I think top crypto coins have no major issue on their blockchain network.
If it was exist, it would be solved already because usually they launch their test net first in the beginning.
Launching a new blockchain without testing it will be risky because usually issues can be found and solved in the test phase before main launch.

lionheart78

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Quote from: sfang on April 20, 2021, 12:33:09 PM

So no crypto that has good security and fast transactions and anonymously without expensive transaction fee's?

There are some anonymous coins that are quite secure and at the same time faster than the major coins. You can check this article that I found on the internet. The article features anonymous coins and its features. But the problem with anonymous or privacy coins is the government to acknowledge them.

FloridaKid

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I trust XRP for this because it was built for this main purpose, I can't include tron or others because when they become more pricey their gas fee will increase also, if Tron gets to 20$ per coin the gas fee will be very high compared to now

sfang

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So no crypto that has good security and fast transactions and anonymously without expensive transaction fee's?

elda34b

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There are a lot of alternatives out there, such as Fantom, BSC, Harmony, etc. Not sure whether they'll hit a problem with their scalability or not, but at least they are hundreds times faster compared to major chains, but the security is relatively weak. On the other side, a chain with little to no transaction volume means they're not that interesting for users.

lionheart78

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XRP of Ripple is not the same structure as Bitcoin, it is more like a ledger that runs as a decentralized blockchain, that enables it to confirm at a faster speed. The problem is that many of the crypto community believed that XRP is centralized making it more prone to manipulation and central authority. And currently US SEC file a lawsuit against them

Quote

XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger—an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3-5 seconds.

sfang

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Topic, which cryptocoin will NOT have issues with transaction fee's or the waiting time that all the big ones have issues with?

Bitcoin is going to falter due to the high transaction fees and big load on the network and if there is a outage in China then all the world needs to wait for them to get back up...
Is there any cryptocoin that have good quality and not high transaction fees and not the same structure that will become a problem with transaction times?

Thanks in advance

Topic: Which Cryptocoin will NOT have issue with transactions in the future? (Read 181 times)