Topic: Why Most of the ICO based on Ethereum Platform (Read 650 times)
It can be said that more than 50% of ethereum-based ICOs, this is because with ethereum everyone can more easily use tokens rather than making coins, this is what makes ethereum use continues to increase, making ethereum increasingly popular.
Hello...Friends
Today lots of ICO's running Online and most of the ICO based on the ERC-20 platform. Why?
Maybe because the first ethereum platform is the most superior platform, the second I heard in making ERC20 platform ethereum is the most feasible, although I think there are still cheaper ones, but for the feasibility of saying ethereum above. Today lots of ICO's running Online and most of the ICO based on the ERC-20 platform. Why?
It was because Ethereum or ERC20 based platform is still at it's rising point and has more community than the others, but lately there are projects that used another platform, due to the Ethereum or ERC20 are facing its dropping period.
Etherium platform have easy develop smart contracts where tokens automatically send when you send eth to the smart contract adress.
Because ERC-20 is a lot of supporters and it can be the best reference in terms of ICO selection.
Besides being easy to develop, ERC-20 is also very friendly with the UI displayed.
Besides being easy to develop, ERC-20 is also very friendly with the UI displayed.
I think that's because the data in Ethereum blockchain is almost unhackable and very secure.Investors and customers can do the transactions hassle free. Almost all upcoming ICO's like HostGames will be based on Ethereum apparently.
Hello...Friends
Today lots of ICO's running Online and most of the ICO based on the ERC-20 platform. Why?
Today lots of ICO's running Online and most of the ICO based on the ERC-20 platform. Why?
Code ERC-20 is most popular algorithm in the modern world of cryptocurrencies. That’s why it used in many crypto platforms. Such systems are quite effective and reliable so don’t be doubtful about them.
Because it is easier, Not time consuming you can easily deploy a smart contract and there you go you have your new token.
Its like ready a made blockchain the only thing you need to do is configure and program it what do you want your token will function.
Many projects use it as stepping stone and later on they are going to have their own blockchain and perform a Token swap.
Its like ready a made blockchain the only thing you need to do is configure and program it what do you want your token will function.
Many projects use it as stepping stone and later on they are going to have their own blockchain and perform a Token swap.
The ethereum platform is very popular and in demand in the world of crypto currency. Therefore, most ICOs create their projects on this platform. Today, there are other platforms similar to the ethereum platform, but which have not yet proved themselves and have not yielded the proper result.
ethereum has smart contract that make easier to issue token for new project, even not serious project can build on top of ethereum, sometimes new project without whitepaper, roadmap and developer can issue token.
I think the reason behind why morst of the ICO are based in ethereum platform is because of they see that the ethereum is great investment to deal with which can help them to boost and improved their services.
To understand the growing popularity of Ethereum, it is important to understand why it is difficult to create new applications and currencies on the original bitcoin blockchain. There are several problems:
Bitcoin was developed as a financial system. Therefore, an essential condition of his program is the accounting balances. This means that we could easily create a new bitcoin wallet for ICO, but it is difficult to write programs that calculate and distribute tokens on top of this wallet.
Bitcoin is not a fully completed Turing system: it does not have cycles to prevent miners from falling into endless repetitions under a DOS attack. However, this is a problem with ICO implementation, as cycles allow programmers to check and recalculate information. An effective crowdsale requires recalculation of the total Deposit after each new investor, closing the ICO under certain conditions and distribution of new tokens based on the algorithm — these are functions that require completeness in Turing.
Bitcoin block generation time is too long to be suitable for ICO.
And in addition to this, ETHEREUM is developing new protocols that will also give this coin a huge advantage.None of the coins will provide such extensive functionality for the ICO.
Bitcoin was developed as a financial system. Therefore, an essential condition of his program is the accounting balances. This means that we could easily create a new bitcoin wallet for ICO, but it is difficult to write programs that calculate and distribute tokens on top of this wallet.
Bitcoin is not a fully completed Turing system: it does not have cycles to prevent miners from falling into endless repetitions under a DOS attack. However, this is a problem with ICO implementation, as cycles allow programmers to check and recalculate information. An effective crowdsale requires recalculation of the total Deposit after each new investor, closing the ICO under certain conditions and distribution of new tokens based on the algorithm — these are functions that require completeness in Turing.
Bitcoin block generation time is too long to be suitable for ICO.
And in addition to this, ETHEREUM is developing new protocols that will also give this coin a huge advantage.None of the coins will provide such extensive functionality for the ICO.
Because most ICOs projects use Intelligent Contracts! Currently, the Etherium Smart contract is becoming a system. Therefore, using Smart Contract helps ICOs projects to easily deploy their plans quickly.
Ethereum is the most famous and popular platform for launching new tokens. ICO projects teams choose this platform because of its developed infrastructure, a simple mechanism for creating new tokens and because of its popularity in the crypto world. But there are already competitors: EOS, Stellar, WAWES.
It is because it offers better spped. That shows the potential of ETH and how it can give better returns than even BTC.
Ethereum is the basis of almost ICO now. It is the ground of new altcoins that comes in crypto. So don't worry for ethereum will become more stronger than today.
Hello...Friends
Today lots of ICO's running Online and most of the ICO based on the ERC-20 platform. Why?
Today lots of ICO's running Online and most of the ICO based on the ERC-20 platform. Why?
It's trusted, stable and the token created here had a good chance to get into exchange, in fact, there are already ready market for ethereum based token, as high as 90% of ico are ethereum based token and we will see more ico on ethereum based until we see Credits and Waves launch their own smart contract platform.
The ethereum platform is very popular and in demand in the world of crypto currency. Therefore, most ICOs create their projects on this platform. Today, there are other platforms similar to the ethereum platform, but which have not yet proved themselves and have not yielded the proper result.
Hello...Friends
Today lots of ICO's running Online and most of the ICO based on the ERC-20 platform. Why?
It's the speed, some ICOs like Sparkster are promising 1 million TPS. ETH based coins are kinda good, Liven is a good example they have an already established audience and just need a token to play it. Today lots of ICO's running Online and most of the ICO based on the ERC-20 platform. Why?
All they need is to get them on board and make them use their token, doesn't matter if they are ERC20 token they can totally pull it off with the plans they are offering.
probably because this platform is the only established platform and provides the capabilities needed for new projects, and indeed some ICOs are based on this platform. many platform users like this because it allows clients to interact with tokens and blockchain in fast deals.
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