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Topic: Without Ethereum Network, will all tokens be useless ? (Read 220 times)

full member
Activity: 224
Merit: 100
thats a good question and very intersting if all tokens will be useless without ethereum thats one reason be carefully (to be) on the market... but i dont know for sure dont think that there cant be no token without etetherem because they are just forks
full member
Activity: 327
Merit: 100
★BREATH-BASED illness diagnostic★
It is not too difficult to move the platform to another standard now. There are already several examples. It's not a problem
newbie
Activity: 37
Merit: 0
Some would probably yes because etherium plarform is the way to transact them but others which has already been using their own platforrm will not get affected and some specially with those who have active developers will surely find other means in order for their tokens not to be useless.
full member
Activity: 392
Merit: 103
Right, if no ethereum network all token we have no useless. We can imagine that we have many more tokens but there are not ethereum network, sure that we can not use the token for our life Smiley
newbie
Activity: 39
Merit: 0
If the developers of the tokens are serious about it, the tokens may either switch to an alternative platform or end up creating their own blockchain. So it all depends on the developers of the tokens.
member
Activity: 294
Merit: 19
EOS is coming with their own blockchain, wait for it. Its Ethereum killer

Id like to know more about this, do you have a link that says more, this is interesting! Although i dont want to see Ethereum die out
sr. member
Activity: 728
Merit: 250
Go Big or Go Home
EOS is coming with their own blockchain, wait for it. Its Ethereum killer
sr. member
Activity: 1078
Merit: 256
It wont because developers will make updates and they will needed to continue progressing, the tokens will be fit in any platform they just use
Eth because of some good offers and the usability, if the developers are serious about the project then we are secure that the tokens will not die in anyhow.
hero member
Activity: 826
Merit: 1004
It will die but if the developers are actually serious about their project there is a high chance they might end up developing their own blockchain. I mean imagine if eth network stops functioning coins like omg would clearly die it currently has a market cap of more than $1.5 billion there is a high chance they either switch their blockchain.
full member
Activity: 224
Merit: 104
DIW - Decentralized Security
I'm pretty sure tokens are ok for the moment, since the ethereum network is being work on and developed and patched up daily.
hero member
Activity: 854
Merit: 500
When eth network will go down than all erc20 tokens will be affected, nobody can transfer their tokens. Also if any of the token get popular and have high number of transactions than it can affect whole eth network. For example cryptokittens game got popular which is based on eth smart contract, this affected eth network some days ago where fee increased by 10x
member
Activity: 294
Merit: 10
Another question is, what happens to all the tokens and projects when there is a newer technology and ethereum is obsolete. I am not sure if you want to migrate your token every few years to a new blockchain.
sr. member
Activity: 952
Merit: 253
Most ERC 20 tokens and ICOs are based on Ethereum network. I was just wondering if Ethereum network is out of existence, wont' those tokens function?
As ethereum asset and ethereum blockchain was a crucial part for them all, that was actually pegged on the ethereum blockchain but not only ethereum, neo and qtum platform if that has an asset that pegged on its chain. All of the assets will be useless because you can't do anything with it. this is the same with other assets on another platform too.
legendary
Activity: 2968
Merit: 1069
★Bitvest.io★ Play Plinko or Invest!
Most ERC 20 tokens and ICOs are based on Ethereum network. I was just wondering if Ethereum network is out of existence, wont' those tokens function?
If there is a problem in the Ethereum network that causes can not make a transaction then it can be said that the token in the Ethereum network has no function because token holders can't use tokens to transact or use tokens as payment on the platform
If this happens. I think project developers can switch to other platforms so their tokens can work again

But switching won't be possible as transferring codes from one server to other. With the lose of ethereum network, the distribution and ownership of tokens too will be lost.
But lose of ethereum network won't be possible as it is decentralized.
Even if the Ethereum team became hostile and code itself to death, anyone can fork it before it's death and operate a different or the same blockchain network.
member
Activity: 280
Merit: 10
many altcoins are now making there own blockchain now...many tokens may be survive if its happend
full member
Activity: 406
Merit: 101
Decentralized Digital Billboards
Most ERC 20 tokens and ICOs are based on Ethereum network. I was just wondering if Ethereum network is out of existence, wont' those tokens function?
If there is a problem in the Ethereum network that causes can not make a transaction then it can be said that the token in the Ethereum network has no function because token holders can't use tokens to transact or use tokens as payment on the platform
If this happens. I think project developers can switch to other platforms so their tokens can work again
full member
Activity: 364
Merit: 101
"One Token to Move Anything Anywhere"
It's just a theory, I can't imagine what should happen, so that the whole Ethereum blockchain will be dead. Ethereum is more than alive now, and it's getting stronger and stronger, so I wouldn't worry for ERC20 tokens at all.
full member
Activity: 406
Merit: 102
They will create tokens on another platform or on their own blockchain, and distribute it to holders again according to blockchain snapshot and exchange data if eth gone
full member
Activity: 350
Merit: 111
I think that maybe not all coins will disappear, because there are other coins that are not based on the Ethereum network, there are also some coins or token that are based on bitcoin network. However, if Ethereum really goes away, other coins will definitely lose value.
member
Activity: 221
Merit: 10
Without Ethereum Network, these erc20 tokens become useless garbage unless they can be transferred to another platform.
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