Bitcoin Forum

All over the wold today they are discussion on blockchain technology. Can someone tell me if someday top economy or world power may consider bringing only one coin?

All altcoins are associated with certain projects, work on different consensus models, serve different purposes. At the moment I do not see much sense and possibility in changing everything to one particular currency. It's like with fiat money - probably we could replace everything with one currency, for example, dollar or euro, but hardly ever anyone will agree to this, and if they do, what for?

However, we could combine various blockchains together to make working with them more convenient. Something like this is now being implemented by aion (https://aion.network/media/en-aion-network-technical-introduction.pdf). As far as I know, they're creating the platform for communication and interaction between multiple private or public blockchain networks. It will be multi-tier blockchain network providing a protocol and standard for dissimilar systems so that one blockchain could transact with another blockchain.

I am sure that most of the altcoin ( probably 90/95%) won’t survive in the crypto market; although among 1.500 + coins there will be plenty of successful projects.

There are a few real altcoins that are alternatives to Bitcoin. Coins that survived the weeding out of scamcoin: coins that actually represent tech advancement.

There are many coins are available under altcoin. But their performance is not good enough. So i think these coins merge into one coin. Then it will be beneficial for them and customers also.

The crypto market and the global economy are constantly developing and I think that in a few years power can attract only one coin.

Many coins are being invented in the market but a very small portion of this can survive. We don't think we have much choices apart from bitcoin and some famous altcoin. All these have different price range, project and technology. So i think this will not be possible to bring all alts into a single coin.

each altcoin certainly has a different concept to the field of the project they develop. and I think it would be very difficult to make all types of altcoin to be one type of altcoin alone. unless from each of the current project developers will do a new idea and work together to create only one type of altcoin.

I think that governments of different countries will act on their own interests, if one state wants to have a lot of coins, it will have a lot of coins, I think that all countries can not agree on this issue

No they will not because it will destroy the world economy if they did. The todays economy is defined by the fact that what trades and developments are going on within the specific country and thus on the global level it shows the differences between the different countries. These differences which you see is what creating todays economic circulation and liquidity between them thus giving each country's currency a different rate!

If you take out that and just give one coin to the whole world then how stuff will work? How there will be differences and thus how there will be liquidity in the economy? Everything will collapse I guess.

It's possible if everyone will agree to have one coin.

But that will be the death of altcoins and the coin that will be considered as the universal coin will be bitcoin. I don't exactly get what you mean by altcoins merging with another altcoin but I think that's possible.

I hope it will though. Satoshi Nakamoto had a dream of making a currency that would probably make everything easier especially sending money through the globe faster with a lesser fee. Bitcoin was made to satisfy that need. But all other altcoins where made thereafter with different features satisfying different needs. It will be difficult to collate them altogether. But i guess not all developers are going to support that.

The only way you would merge them is to have an extra layer that will see them simmilar to how tokens on ethereum work with one databse. Although this is far ahead and I am not sure if something like this will ever be created. You wouldn't have one coin, never. There could be few of them such as bitcoin, ethereum that the massees will use mostly but others will exist as well. As I am reading things such as that tommorow everything will be tokenazied like your house could have it's tokens that represent it digitally and you could sell parts of owenerhsip or something I dubt that we are going to use only one.

Look at the world today we have many currencies and variaty is good in one sense as you can't stop people from creating their own version of crypto and using it between them.

impossible! each altcoin used by the separate project and used as the utility token for it platform only so it can't merge to be one coin!
event BTC and eth it can grow together but can't merge to be one

So many coins with different concepts and ways of working. In the future maybe only a few coins that can survive, but to unite all the coins I think will be difficult. We can only wait for what will happen in the future of the crypto world.

I think that crypto-currencies will never be recognized as official money and therefore there is no need to leave only one coin, besides if only one coin remains, its value can be easily controlled, and the interest in buying this coin will be lost

I think it is impossible that in crypto market there will be only coins. We always develop coins and with different concept. The government didn't recognize  some altcoins

Nope. All alt coins cannot be merged into one coin. Each coins have their unique features for which they are different from each other. Merging them would just cause disaster and nothing else. Like if ripple also gets merged, the coins will end up being more centralized.
It is true that a time might come when only one coin is considered superior and people will be only using that coin.

I do not want to have only one coin, if there is only one coin, then the competition will disappear and the technology will stand still and stop developing, so I do not want to leave one coin

alt coins can merge to only one coin what wont be possibe i guess because, different altcoin are supported by different progarm. So if the programs are not same who would all the coins will be the same.

     I don't think if that is necessary since each altcoin are being made with its function and purpose, as well as all altcoin are compatible to BTC & ETH so that it will be easy to convert if it is needed, Meanwhile we need a smaller value coin rather than to use Bitcoin which is very expensive and has a large value, so I think this altcoins are usable to purchase a small valued items in a store accepting cryptocurrency.

If any situation like this come in front of crypto industry I hope crypto industry will manage and the handle the situation. Moreover I hope that altcoins will be able to merge in one coin.

I think it will not be possible since alt coins are generated with different feature and different blockchain technology.

Not really, as every one of them has a specific community supporting it. On the other hand, there are too many coins indeed. Most of them have just a little chance to survive first years and only a few of them will become the leaders in their specific operational service area. Even though I think that BTC is brutally overhyped, I have to admit Bitcoin will probably serve as the main currency in upcoming years. And which altcoin will lead? Definitely a tricky question, but Ethereum looks solid and other well-known platforms have a good shot. Well, we can not forget to add even unknown platforms and projects that are just in an ICO phase or not even being developed. A lot of questions, no answers, but there is one: It is not going to be boring!

In market there is lots of coins are available in the market. Matter is in market there is lots of alt coin which are not so profitable and also there is scam based on this bitcoin is the most stable coin and most profitable coin in the market which others coin don’t have this types of facilities.

I think that countries under no circumstances can agree on the use of a single digital payment system. Everyone pursues their own interests and well consider their money.
Most likely in the future, different projects will take different niches in all directions. After all, you can not be a leader in everything at once. Some projects will lead in the banking system, others will be responsible for the speed, or security, or the universalization of certain processes.

I guess not. At least each country will have its own cryptocurrency. Everything goes to the currencies will become more and they will cost quite a bit.

Of course, I can. there are many coins listed saaat ni, there are bitcoin and altcoin
if what you are carrying is bitcoin. which is the king of cryptocurrency certainly need not worry,  ;)

currently there are many altcoins circulating in the coin market cap, if I do not miscalculate, there are 1650 coins contained in the coin market cap, I think the coins will merge with each other or their team will merge the company into one and make one good coin and there will be dozens of good altcoins and the coin dominates the market.

the open source nature of this market means that everyone can create their own coin at any time they want which in turn will lead to thousands of altcoins existing most of which are completely useless because they are copy pastes or have zero usages.

there will eventually be a couple of real altcoins which are different and do something proper and become big like bitcoin but i think we are far from that day since the current existing altcoins are mostly useless.

it seems like it will be difficult because I see some coin have different founders and have different coonceptions so it is not possible to just be one coin only. if only it could require hard work and a very strong commitment.

because in the future there will be only one coin that will be fought for the most coins in the championship. although the global economy is on the rise, only one coin will be the choice and goal in the years to come.

I think that now it is impossible. I can compare the coins of each individual project with the shares of the project because all projects are different. This can happen in the distant future.

this is something unreal, there are now a lot of cool blockchain technologies, and they can not disappear

I respect your personal views on this matter, logically it wont happen to merge into one coin, altcoins are composed of many tokens and coins which are different in their business focus, think of this way, a one coin is focusing on the development of gaming industry and the other is focusing on real estate., it would not possible to merge.,but based on your statement, i think if it could happen? then altcoin will go higher in its price. But thinking to that, i am maybe looking at the stars in the nights.

I also got interested into this idea haha, how about if it could be possible to merge, maybe i will become rich someday because i have lots of altcoins in my wallet.

Goodluck

Not possible but it can interoperable and talk to each others.

I don't think it's possible. Today there are so many different coins and all of them have different targets and purposes, so i can't see how they can be merged to only 1 coin.

Umm no, each of the alts serves different purposes to each other so it will be hard to consider them to become one coin, also their dev also have a different ideal and goal so it is impossible to become one. It is the same reason as why it is impossible for the world to unite and become one country. On the other hand i don't mind them going separate way because their coin have their own purposes.

Well, that's not gonna happen easily since every altcoins have their own functions so for sure this will not happen even in the future. Not all altcoins are good so there is no reason to combined and merge into one, we really need the competition because only those good coins will survive in the future and people will support good coins only. This is really impossible to happen :)

yes it would be very difficult to merge alt coins into one coin but i think it may be possible to create seamless integration between the pairs. For example selecting either ether or bitcoin for payment and then the "System" will automatically do the swap between the necessary utility token behind the scene and process the transaction.

Maybe that could happen, but right now there's too much competition in the industry if there are a regulation and countries finally adapt cryptocurrency we might see this happening I hope we are still alive to see this happens or in our generation.

No, it is unrealistic to happen, as altcoins are based on different projects based on blockchain technology and their price is determined by the product, incidence or some natural factors. And it needs some funds from several parties to build their project which is likely near to stock investment. As stocks are of some companies offering a product so as cryptocurrencies are also of some ICO team that offers a product. In stocks, there are several companies that offer same product and as so same with different altcoins having the same product. So it is unlikely to happen that some superpower brings one coin and impose it all over the world countries to adopt it. altcoins are just a business that people are doing to earn money by adopting new technology i.e., blockchain. Simple!

I think this possible but with a very low chance. I don't see coins merging in to one and I don't think the devs of two different coins will unite as one. But multiple coins is good for healthy competition and improvement of cryptocurrencies.

Absolutely NO. Thats one easy reason:
The usecases for altcoins are are wide-sreaded, so you can't create one coin, which all includes.
We will see more specialeced coins to solve ONE (or maybe two) real problem, not all of them.

I see you don't understand that crypto economy at all. There are certain coins with certain purpose. Nowadays it's not only about making the best copy of bitcoin, it's about very specific services. Please study each project, then you might understand.

This is feasible. But it takes a long time to come true, I believe one day there will be a coin of global domination.

In my opinion, it is not possible. At least bitcoin will not do this. Bitcoin is the market leader and it has its own policy and motto that is favorable to the investors. Different coins have different vision and to merge them into one is really impossible. Moreover such type of merger will affect the decentralization idea also. Bitcoin will not compromise with this policy.

I think that the single global cryptocurrency, if it ever will be, our generation will not see it. The legal regulation and recognition of cryptocurrencies as a national means of payment on an equal basis with money, as well as interest-free conversion of one currency into another would be a success. That would be a huge breakthrough.

I think it is very wrong by the terms of the crypto world itself. What I mean is that crypto concept is all about creating projects, which are supported by currencies themselves and at least there would be 50+ currencies, not only one coin.

No, i do not think so. Altcoins have their own aim and plans. so they will stay separate and focus on different sectors of service to human financial needs.

 :)

If that happens so soon,I can't do anything about it because at first place I'm not the one who creates altcoin. Whoever the admin or owner of altcoin,he is the only one who can do something about it. Unfortunately, if it merged to only one coin,it may compete with bitcoin and the rest of other coins that leads to confusions and it becomes complicated.

Not going to happen this is similar to the talks about having a single fiat currency and while it may sound good in theory it is a terrible idea, for example look at bitcoin and monero, monero is a coin that concentrates on privacy above anything else this makes scalability an issue but your anonymity is very good, bitcoin in the other hand does not offer anonymity but it scales better, so it is better to have two separate coins than to have a single one that is unable to perform any of those two things in a decent way.

I don't think so. In my opinion, the altcoin has some different concepts behind the project of the coins. they may also use the different platform and products. Therefore, they will be different right now and future.

For me this is not a good idea because the competition will set aside and the thrill will be lost it is better like that so people can choose which is better on their side.

I think that this idea is absurd because there are a lot of currencies in the world and there was not an idea to merge them. For me it looks like merge all shares in one on  stock market I do not consider that it is a good idea. I consider that it should to be many coins and better ones will be used and bad ones will die.

I don't think so. Every coin has its own purpose so in my opinion there is no sense to do it.

It is not possible. Alternative currency has different purpose with different tokens. An insurance tokens can't be combine with an exchange or lending token.

It will be difficult for coins that don't have almost the same tech adventure and advancement to be merged together, this will amount to problems in the transaction and confusion too.

I think altcoin is the only coin that cannot happen because the altcoin is not the same, using a variety of different technologies. The future is unlikely that potential altcoins will be deindexed from the cryptocurrencies market to purify altcoins in the best way, with only potential altcoins remaining in the market.

A global coin can exist but not that no other will exist independently of the global coin.  This is like a competition which can only work for the good of the market and investors. Cryptocurrency provides for choice and that choice can not be overshadowed by a single global coin.

Bitcoin are the main coins with high exchange rate circulation in the cryptocurrency world someday, and all coins are using to exchange in bitcoin as locally use of every nationality. I suggest every nationality have an own coin circulate for local use only but have an right to exchange it into bitcoin as based currency rate like the papaer money exhnage rules.

I don't think that is going to happen because in the first place different coins have different uses. It is very hard to merge that considering that they have their own set of team behind every coin.

i dont thinks that all altcoins can merge into one coin,because this altcoins is different owner or different project developer so how can this all altcoins could bring into a single coins,even if its regulated by the world government and influenced by them,i thinks they have no power to make it one.definetly in my own perception its better to have a different kinds of coins in market caps so that theres a big competition of all altcoins  and people can choose of which crypto coins thats suitable them most.

This sounds ridiculous because each of the altcoins is a different project about both technology and purpose so it can not be made into a single altcoin. In the future to avoid garbage altcoin, there should be a purification system and deindex the potential altcoins off the exchange floors.

It seems to me that such an outcome is simply impossible, because it is unlikely that everyone will agree to this. And technical it will be very difficult to implement.

that cannot be happen! altcoin will never be one.. they are different from each other and they are on different company... they come-out in various projects ang different path they take.. i think it is purely imposible.

Yes, countries are working today to come up with their own altcoin that would work side by side with fiat and in the future it may replace fiat altogether. It is a separate scenario, all altcoins will not merge into that one coin.

No it can't merge. Each coin corresponds to different purposes and are created for certain projects. There will always be a variety of coins in the world. Merging these thousands of altcoins is like saying that fiat money all over the world will be merged and we all know that that is impossible right?

It is possible that the world power can merge all coins into one but that is going to be hard since every project have different project development and there are different people controlling it. And it is really impossible right now since the government does not know a lot of things about cryptocurrency. The whales will still prevail as of now.

There is no way that all of the altcoins can merge into one. There are just way too many useless coins out there that there is no way for them to be merged with the coins that are useful. Maybe there could be a merging of coins that were created on the same platform like the ether tokens we get from bounties but that is about it. All of the altcoins cannot be merged together.

I think that this is exactly what government structures of most of the states will want, because one coin to regulate and control is much easier than 2 thousand.

It is worth considering that there are very many different coins in the market that can not be unified all together. It will be impractical and non-effective.

If it will happened I think the coin is the bitcoin itself or maybe if there is a good coin that can supply a good blockchain to the world then maybe it can be used. But somehow it cant be for me because some country for today cant adopt bitcoin or blockchain technology.

It is not feasible. alternative currency has different motive with different tokens. an assurance tokens can't be mix with an permutationor lending token.

I do not think there will be any power on coins for a real economic peak, because every country has a real and approved currency, unlike a coin.

power indeed only has one crypto only i.e. bitcoin. only a small part of the altcoin which can also be used as another option for investment assets. all of this is interconnected and complementary to either altcoin or bitcoin. If only one that survived I think hard because certainly, it will make the coin is not controlled.

No, I do not think so. There will be a lot of coins and each of them has their own purposes. That is why we can not combine all of them into one coin. Even the most perfect coins can never adapt all requirements of human. Therefore, there will always many coins existing at the same time

It could happen that there is going to be only one coin, which whole world will use. Yet, we need to take away the poverty first (in case of using blockchain), which will take so long time.

No, really no way altcoins can merge, for one, these are different coins addressing different problems in the market, if they merge then what will they be addressing, which problem will they be solving and how about the gap left by other coins, I don't think they can merge

The world can never be united and since that can't happen, then the idea of having a universal coin can't happen.

I think it is impossible. Because there are huge hidden dangers in the network, I think it is impossible for the government to keep the economy on the Internet. They may issue tokens, but they may only be used for some kind of commemoration!

The main idea behind bitcoin maimalist is that one day BTC can become a busket of all altcoins features.
Which is very hard to do (mostly from network security point of view). In crypto tech are moving so fast you'll never know.

It may be. but believe that if this will happen the in the distant future. countries just do not give up their money.

I think it's possible to have a single crypto currency but I don't think it's exist based on existing ones merging. As others pointed out it'll most likely sit above existing crypto and have a exchange rate much like the dollar does against the pound and vice versa.

It'd need to be versatile enough that if someone wanted payment in a certain currency, you'd be able to pay using your 'universal' crypto and it would automatically do the conversion and payment in their desired crypto currency.

As for me it looks pretty weird. I think that crypt will become more popular and number of coins will also increase  ::)

World is willing to accept only one coin, yet some countries are not. Many countries are using dollars and euros, right? About others - they stay still. Conclusion of it is that there also will be some parts of the world where that "one coin" will not be involved in their lives.

I love crypto, but there are a lot of useless coins. They quickly get out of everyday life, projects that are associated with them are dying away.
Probably one or several coins remaining in circulation can change this problem.

It looks like you don't even understand what's already talked by OP. it's about the possibility to merge the altcoin into one coin that will be brought by the economic someday, and in my understanding it' impossible because every asset represented its company share, I meant to look at how so many altcoins has a different purpose from one to each other and it can't be merged.

It is possible to that happen. All coin emerging to only one coin is a great idea but still many new altcoins are emerging everyday. And also the owner of each coin has different strategy or purpose for their coin. Their approval of merging coins also matter.

I think Altocoin is not possible to merge into one coin because each coin has a different market and has a different purpose.

I do not think that will happen, we know that every altcoin has different function and also roadmap or their goal also different even can be inversely proportional. so the vision is not the same mission

I agree with you. It is hard to have a coin which is a combination of all other coins. Each of them has their own advantages which can not be merged to only one coin. Therefore, you have to accept the true that there are always many coins on the world. Even with good technology, I doubt that people can merge them