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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: suvo05 on November 12, 2019, 08:04:50 PM



Title: Alt-coins with practical use
Post by: suvo05 on November 12, 2019, 08:04:50 PM
ETH, Monero, Siacoin, IOTA, Golem, ripple are some of the well known coins which have a practical use. PERL coin came up with a good practice, the coin became opacity coin. What are the remaining alt-coins which have practical usage?


Title: Re: Alt-coins with practical use
Post by: Pearls Before Swine on November 12, 2019, 08:17:52 PM
ETH, Monero, Siacoin, IOTA, Golem, ripple are some of the well known coins which have a practical use. PERL coin came up with a good practice, the coin became opacity coin.
I have to admit I've never heard of golem, but the other ones I'm somewhat familiar with.  As far as practical uses go, I'd say monero offers a lot more privacy than other coins but I don't know if it actually gets used for anything practical.  Since I've never owned any monero, I'm not aware if you can buy anything with it.  Same goes even for coins like Eth.  Being able to purchase goods or services with a coin is probably the most important measure of practicality in my opinion.  True, Eth does offer the smart contract functionality, but that really hasn't been used for many real world purposes other than creating scam tokens.

How about doge or litecoin?  There are merchants that accept those coins for payment, and they're even sold at some bitcoin ATM's.  They might not be as popular as coins like Eth or monero, but they do get used more for commerce I think.

By the way, I'm curious as to what siacoin, iota, and ripple are really used for.  Anything other than trading?


Title: Re: Alt-coins with practical use
Post by: livingfree on November 12, 2019, 08:20:49 PM
Never forget Dogecoin and Litecoin.

These coins are way better a payment if the fees are higher for the current altcoin that you use or even with bitcoin. There's also a contender in the name of Nano that has a fee less transaction. There's Dash which is the number 1 masternode coin and also Basic Attention Token which is the main coin of Braver browser.


Title: Re: Alt-coins with practical use
Post by: Darlingtona on November 12, 2019, 08:43:34 PM
Checking especially the use case and team zeal would help identify if the use cases are really genuine one or mere one.


Title: Re: Alt-coins with practical use
Post by: fudster on November 12, 2019, 08:50:02 PM

Golem(GNT) is one of the old project that is up to these days hasn't develop a good product, I might just be too outdated but this project is almost like the iExec RLC which its price is more than 100x than GNT. I'd probably sell GNT for ADA if I own some of it, the two just have identical price but at least ADA has something to offer after this testnet they are doing. ADA has more practical use like ETH


Title: Re: Alt-coins with practical use
Post by: SamboNZ on November 12, 2019, 08:57:03 PM
ETH, Monero, Siacoin, IOTA, Golem, ripple are some of the well known coins which have a practical use. PERL coin came up with a good practice, the coin became opacity coin.
I have to admit I've never heard of golem, but the other ones I'm somewhat familiar with.  As far as practical uses go, I'd say monero offers a lot more privacy than other coins but I don't know if it actually gets used for anything practical.  Since I've never owned any monero, I'm not aware if you can buy anything with it.  Same goes even for coins like Eth.  Being able to purchase goods or services with a coin is probably the most important measure of practicality in my opinion.  True, Eth does offer the smart contract functionality, but that really hasn't been used for many real world purposes other than creating scam tokens.

How about doge or litecoin?  There are merchants that accept those coins for payment, and they're even sold at some bitcoin ATM's.  They might not be as popular as coins like Eth or monero, but they do get used more for commerce I think.

By the way, I'm curious as to what siacoin, iota, and ripple are really used for.  Anything other than trading?
Siacoin - used for cloud storage
Iota - you can use it for data protection and verification, planning to have dapps on the network soon.
XRP - contentrated mostly on payment and transfers


Title: Re: Alt-coins with practical use
Post by: Cheesus on November 12, 2019, 08:59:17 PM
Coins like Livenpay, Pundix, Alchemy has real use cases. Livenpay is a very popular restaurant app in Australia! Through this coin, you can order food, drinks and you can pay with the LVN coins! Pundix is a great crypto asset, they have a pos wallet which is using by in real life! Their BOB smartphone is coming to hit the world! There are many good altcoins that have real-life usage!  


Title: Re: Alt-coins with practical use
Post by: jabatani on November 12, 2019, 10:11:03 PM
ETH, Monero, Siacoin, IOTA, Golem, ripple are some of the well known coins which have a practical use. PERL coin came up with a good practice, the coin became opacity coin. What are the remaining alt-coins which have practical usage?

For me the altcoins with practical use case is Eth, Power Ledger and Xlm. That is why you see these projects soaring.


Title: Re: Alt-coins with practical use
Post by: Aabcde on November 13, 2019, 02:00:00 AM
Lots of altcoins that have practical usage. Usually top 50 CMC. Like XLM, NEO, ONT, and many more.
But what I like the most is VIDT, although it's not included in the top 100, I think their platform is very good. Their platform aims to secure digital files from piracy and plagiarism. So every digital file that you upload there will have a certificate in your own name and someone cannot claim it. Moreover, this is beneficial for large companies.


Title: Re: Alt-coins with practical use
Post by: libert19 on November 13, 2019, 02:27:45 AM
Never forget Dogecoin and Litecoin.

These coins are way better a payment if the fees are higher for the current altcoin that you use or even with bitcoin. There's also a contender in the name of Nano that has a fee less transaction. There's Dash which is the number 1 masternode coin and also Basic Attention Token which is the main coin of Braver browser.

I will go an extra mile. Why not use fee less coins then? Steem, eos, tron they offer free transactions albeit you have to lock some of your coins but they still remain in your custody.


Title: Re: Alt-coins with practical use
Post by: crwth on November 13, 2019, 02:49:08 AM
We all know that they have different proposed solutions to be solved but technical one purpose, to be used as currency for other people.

I believe that this is one of the reasons why most ICO fails or technically speaking; most of the newly introduced coins would be for the crowd-funding and no more practical applications. You would know the worth of the coin if you would have these characteristics
  • Part of the top 20 in CMC
  • More HODLers
  • Checking the Market Cap
  • Community behind the coin

You can never be sure if the coin would be worth it, but you would know if it has practical use if it's being practiced by the people using it. Most of the time, every coin has its solution to solve, but it's up to the person if it's still worth investing. If I were to choose the most practical ones, it's the one on the top of CMC. I don't know what else.


Title: Re: Alt-coins with practical use
Post by: Omega Weapon on November 13, 2019, 02:54:41 AM
ETH, Monero, Siacoin, IOTA, Golem, ripple are some of the well known coins which have a practical use. PERL coin came up with a good practice, the coin became opacity coin. What are the remaining alt-coins which have practical usage?
There are some coins that are used to buy the fees on exchanges whether they are centralized or decentralized so the binance coin and waves are coins with some practical uses, stable coins are also very practical if you are expecting the market to go down or you cannot watch your coins for some time and you do not want to risk the coins in which invested crashing while you are not monitoring your coins, finally dash is another good privacy coin for those that care about it.


Title: Re: Alt-coins with practical use
Post by: NathanJB on November 13, 2019, 03:13:21 AM
ETH, Monero, Siacoin, IOTA, Golem, ripple are some of the well known coins which have a practical use. PERL coin came up with a good practice, the coin became opacity coin. What are the remaining alt-coins which have practical usage?

Can we explain more on the term practical here? I am only using ETH and Monero from the list above. Besides the two, I use BTC of course as well as LTC and BAT. I have been a supporter of Siacoin but I have not tried using SC on a practical level, or within its ecosystem, except choosing it sometimes over other coins when sending an amount to save fees, the same way I use XRP.


Title: Re: Alt-coins with practical use
Post by: poornamelessme on November 13, 2019, 03:21:24 AM
Is the OP asking what coins feasibly could be used in the real world, or which currently are? There aren't a whole lot that actually does anything that many folks are using.

Even for ETH, what has it mostly been known for, cryptokitties? I say this as someone who holds some ETH and I like its potential, but so far that is all it really is, potential. Coins like Golem aren't really used for anything, to the best of my knowledge. Yeah, they had a plan, but it's not really come to much.

I think ADA is used for tracking sneakers, or something like that. Jaguar and IOTA has some sort of rewards program I think. Not sure if that really counts. Umm... Doge for betting sites and transferring funds between exchanges? DASH/BCH if you happen to live in Venezuela and your currency fluctuates more than crypto does?

I guess BAT could be said to have a practical use -- pretty much a reward system for suffering through web ads. But it's not exactly a widespread use just yet, and requires KYC, and only really pays anything at all if you happen to live in the right country.



Title: Re: Alt-coins with practical use
Post by: asriloni on November 13, 2019, 03:42:08 AM
ETH, Monero, Siacoin, IOTA, Golem, ripple are some of the well known coins which have a practical use. PERL coin came up with a good practice, the coin became opacity coin. What are the remaining alt-coins which have practical usage?

In this case, i don't even know about what must be the practical use of the token. If you meant about the token can be used as a payment system or create a tx uses it and then all of the coins can do that. But it looks like you are missing something right now dude. The practical use must be the usefulness of the coin or token. Some if coins you have mentioned it don't have a useful application that can be considered as utility usage too.


It's too small for the percentage of coins which was having a practical use. I thought that some of them must be DAI, Chainlink, litecoin, algorand. It's not clear whether what you meant about the practical application of coin was the utility usage of the coin or token itself or not. I believe, yes.


Title: Re: Alt-coins with practical use
Post by: Lantind on November 13, 2019, 05:45:37 AM
Good altcoins and not just altcoins as we have gave ones out there many.
What do you mean ? What altcoin have you given to others, and how much have you given? because what is asked on the topic is Alt-coins with practical use, not how much you have given to others, you try to understand the topic first.


Title: Re: Alt-coins with practical use
Post by: OasisDre on November 13, 2019, 05:52:07 AM
Most altcoins all have real use cases but the problem is not all real use cases of all altcoins are wanted by people, some doesn't make sense and some are something we've already have, too many duplicates


Title: Re: Alt-coins with practical use
Post by: Serco on November 13, 2019, 06:04:58 AM
Most altcoins all have real use cases but the problem is not all real use cases of all altcoins are wanted by people, some doesn't make sense and some are something we've already have, too many duplicates
crypto usage in our life not started yet, most of them only can be used in cryptocurrency market. Meanwhile to improve crypto price we need more of this,adoption and acceptance in real life will help us lot to increase demand and price in crypto market.duplicate and plagiarism often happen , most of fake developers do this to attract beginner investors.


Title: Re: Alt-coins with practical use
Post by: Dart18 on November 13, 2019, 06:16:25 AM
How about BNB?
If you are a trader in Binance that would be part of your practical usage.  ;D

I agree with ETH and XRP but the other I still dont have any idea. Perhaps I will be reading more about them later on.
ETH though I think have much usage ever since.
Low transaction fees and faster tx time. I really do prefer it than anything else.


Title: Re: Alt-coins with practical use
Post by: dimonstration on November 13, 2019, 06:24:36 AM
Most altcoins all have real use cases but the problem is not all real use cases of all altcoins are wanted by people, some doesn't make sense and some are something we've already have, too many duplicates
There are some alts that serves same purposes like those Adblockers and payment methods but it will depend on how fast or convenient they can as well the practical fees used. I have XLM, LTC, XRP, Pundi used for payments and ADB, Bat for browsers adblock. We just need to see whether those alts have really do the job they are intented.


Title: Re: Alt-coins with practical use
Post by: DeathProxy on November 13, 2019, 10:22:55 AM
In as much as we want full adoption for blockchain and cryptocurrency the truth is that most crypto project do not have real life usecase but rather most are just based on whitepaper theory.  And with this getting massive adoption of blockchain technology might take longer than expected,  only few project can boast of real usecase project like Anyone casino,  its a blockchain project for casino and presently some offline casino platform in asia are already using the platform which is a welcome development for blockchain as a whole,  if many project can bring real usecase to this space then we can get more closer to adoption


Title: Re: Alt-coins with practical use
Post by: SamarasLoch on November 13, 2019, 10:43:25 AM
Talking about coins/tokens with practical usecases without adding ETH and ATOM makes this thread incomplete. We have seen how many useful dApps on the ETH and ATOM blockchain, be reminded that they pay ETH and ATOM to create this DApps. So I think they have a practical use case. Also some real life entities and companies have started accepting Bitcoin and ETH as means of payments. With time, more tokens will have more practical usefulness.


Title: Re: Alt-coins with practical use
Post by: mrdeposit on November 13, 2019, 10:44:57 AM
ETH, Monero, Siacoin, IOTA, Golem, ripple are some of the well known coins which have a practical use. PERL coin came up with a good practice, the coin became opacity coin. What are the remaining alt-coins which have practical usage?
Looks you were inspired by this article: https://coinsutra.com/cryptocurrencies-practical-usecases/ However, this article has not been updated since 2018.
I think we can add neo, dash, xlm and most of the top 50 altcoins to this list, not just these six altcoins.


Title: Re: Alt-coins with practical use
Post by: letyouearn on November 13, 2019, 06:25:29 PM
I wonder how you define "practical use" here :) Utility tokens with some kind of working product? Or just some useful coins without any strict conditions? Most of the coins claim their practical use in WP :)


Title: Re: Alt-coins with practical use
Post by: poornamelessme on November 13, 2019, 06:44:12 PM
I wonder how you define "practical use" here :) Utility tokens with some kind of working product? Or just some useful coins without any strict conditions? Most of the coins claim their practical use in WP :)

Depending on the definition of 'practical use', we can say most top 100 coins at least have a practical use... or pretty much none of them do.

To me, practical use means a real-world use in effect today. And it doesn't mean exchange tokens or the fact folks can buy some random things using LTC from some oddball site, when fiat would make more sense. There are some reward programs (IOTA, BAT), that I suppose would qualify, but they aren't exactly world-shattering usage examples. Tracking items is another use, but again, it's a pretty dinky use.

Cryptos used in 3rd world countries with hyperinflation could be considered a use. But that's hardly limited to alts, btc I expect would be the main coin used. Actually a stablecoin would make the most logical choice, but not sure if any have really caught on for that purpose.


Title: Re: Alt-coins with practical use
Post by: boris1044 on November 13, 2019, 07:50:22 PM
ETH, Monero, Siacoin, IOTA, Golem, ripple are some of the well known coins which have a practical use. PERL coin came up with a good practice, the coin became opacity coin. What are the remaining alt-coins which have practical usage?

MONERO should be on the list.

Monero is a secure, private and untraceable currency. This open-source cryptocurrency was launched in April 2014 and soon spiked great interest among the cryptography community and enthusiasts. The development of this cryptocurrency is completely donation-based and community-driven. Monero has been launched with a strong focus on decentralization and scalability, and it enables complete privacy by using a special technique called “ring signatures.”

With this technique, there appears a group of cryptographic signatures including at least one real participant, but since they all appear valid, the real one cannot be isolated. Because of exceptional security mechanisms like this, monero has developed something of an unsavory reputation; it has been linked to criminal operations around the world. Nonetheless, whether it is used for good or ill, there’s no denying that monero has introduced important technological advances to the cryptocurrency space.


Title: Re: Alt-coins with practical use
Post by: salty on November 13, 2019, 07:58:04 PM
How about BNB?
If you are a trader in Binance that would be part of your practical usage.  ;D

I agree with ETH and XRP but the other I still dont have any idea. Perhaps I will be reading more about them later on.
ETH though I think have much usage ever since.
Low transaction fees and faster tx time. I really do prefer it than anything else.
Not only ethereum can boast such a track record. At a minimum, Stellar and Tomochain have even lower commissions and better speeds than ethereum.


Title: Re: Alt-coins with practical use
Post by: Perfect35 on November 13, 2019, 08:10:13 PM
ETH, Monero, Siacoin, IOTA, Golem, ripple are some of the well known coins which have a practical use. PERL coin came up with a good practice, the coin became opacity coin. What are the remaining alt-coins which have practical usage?
It is quite very easy to find a coin with good use case, as a matter of fact, there are so many of them, but a lot of them are already dead. Perhaps because the team could not continue with the idea. They lost focus along the line. Some with wrong motives at the start of the project might still prove to you that they have a practical use case, meanwhile they are all shambles.


Title: Re: Alt-coins with practical use
Post by: livingfree on November 13, 2019, 09:24:02 PM
Never forget Dogecoin and Litecoin.

These coins are way better a payment if the fees are higher for the current altcoin that you use or even with bitcoin. There's also a contender in the name of Nano that has a fee less transaction. There's Dash which is the number 1 masternode coin and also Basic Attention Token which is the main coin of Braver browser.

I will go an extra mile. Why not use fee less coins then? Steem, eos, tron they offer free transactions albeit you have to lock some of your coins but they still remain in your custody.
Maybe you've missed the coin that I've mentioned about fee less transactions. AFAIK in Nano, you don't have to do some locking up just to be eligible for the fee less transactions.

But if those coins you have mentioned are also offering it, that's good to know that there are other coins doing this. We might see the revolution of new coins focusing in this area of having no pay per transaction.


Title: Re: Alt-coins with practical use
Post by: Heisenberg_Hunter on November 13, 2019, 09:29:43 PM
There are quite some altcoins which do serve the purpose of the coin. Some coins like Ethereum can be used for in the creation of smart contracts whereas other coins like XMR can be used to make transactions which are private. Apart from these, I guess Dash is the only coin having a real world use case.


Title: Re: Alt-coins with practical use
Post by: leowonderful on November 13, 2019, 09:54:22 PM
I've found Litecoin to be relatively practical for payments in the past few years that I've been using it. I keep it as part of my portfolio that I utilize when Bitcoin transaction fees become unusually high such as in late 2017 to early 2018, and it's accepted in plenty of places due to the coin being popular in the past, even more than some other coins like Ethereum in my experience. Definitely not the cheapest or fastest coin to use, but it does the job just fine. Litecoin also has a Lightning Network and it was implemented earlier than Bitcoin's, though I've found very few places accept Litecoin LN payments just like with BTC's.


Title: Re: Alt-coins with practical use
Post by: Viscore on November 13, 2019, 09:58:28 PM
There's a lot of them in the market, there are those who are still popular until now and there are those who are new but with great potential.
However for to minimize the risk of investing, I'm gonna focus on the old but reliable ones, I like to add litecoin and BNB because this weren't mentioned but they are very good investment in the altcoins section too.


Title: Re: Alt-coins with practical use
Post by: tenakha on November 13, 2019, 10:11:47 PM
There are quite some altcoins which do serve the purpose of the coin. Some coins like Ethereum can be used for in the creation of smart contracts whereas other coins like XMR can be used to make transactions which are private. Apart from these, I guess Dash is the only coin having a real world use case.
Not only these, but there are many coins/tokens that are practically useful in today's market when you compare with a few years ago.
In fact, there are several projects that belong to one specialty. So the main issue now is how useful it is. For example, there are many gaming-related projects on the market, and is its usefulness the same as ETH? Absolutely not. ETH is almost like the market within the market.


Title: Re: Alt-coins with practical use
Post by: Mike Mayor on November 14, 2019, 10:01:29 AM
Tokpie is a great example. It is backed by bounty hunters work and the conduct IEO on it and the projects are always quality since they have their reputation and value of the token to uphold.
You also get benefits for holding 10k-50k Tokpie tokens. Another one is Mediacoin, it is like BitTorrentToken but better. Also, peer2peer but uses its own app.

It's just a matter of looking for what you want or need and finding something as close to it as possible. Keep your eyes open for opportunity and never turn any opportunity down. The reward for very little risk os greater then any time you could ever spend playing video games watching movies or relaxing.


Title: Re: Alt-coins with practical use
Post by: BitHodler on November 14, 2019, 10:08:17 AM
So the main issue now is how useful it is. For example, there are many gaming-related projects on the market, and is its usefulness the same as ETH? Absolutely not. ETH is almost like the market within the market.
Ethereum is pretty all round and has the most developers building on top of it, the only downside I see here is the fact that there isn't much room to actually grow without any scaling improvements made.

It only requires one or two popular applications to clog up the network where people not aware will have to wait hours to see their transaction confirm, because that's the only way to actually interact with the applications.


Title: Re: Alt-coins with practical use
Post by: confreslamp on November 14, 2019, 10:32:22 AM
There are tons of altcoins that have a working product and a real use case. Unfortunately, the majority of currencies are still only air based tokens, but things are getting better, because nowadays  a product is required to raise a solid amount of funds.


Title: Re: Alt-coins with practical use
Post by: NeuroticFish on November 14, 2019, 10:53:30 AM
I also vote for Dogecoin, Litecoin and Waves.
Although correctly said, there are other better suited coins for fast and low fee / 0-fee transactions, some still use Dogecoin just because almost all exchanges list it.
Litecoin (and sometimes Dogecoin) may still be used by some exchanges as the basis for exchange (instead of Bitcoin) for very small value coins, having LTC-WhateverCoin and no BTC-WhateverCoin.
Waves is a very easy and cheap platform for tokens and has a working DEX (and other features too). Although it's drowning under the huge number of useless tokens, it has its utility imho.


OP, maybe at some point you'll adapt the initial post and enhance the list?


Title: Re: Alt-coins with practical use
Post by: masterrex on November 14, 2019, 11:18:58 AM
ETH, Monero, Siacoin, IOTA, Golem, ripple are some of the well known coins which have a practical use. PERL coin came up with a good practice, the coin became opacity coin. What are the remaining alt-coins which have practical usage?
Don't forget to add Stellar's (XLM), for more faster payment solution and lesser fees, also COTI for Universal Payment Solution, I think many more altcoins has also a practical use case its just need a little bit study for its primary function to determined if it was applicable with our own uses.


Title: Re: Alt-coins with practical use
Post by: evanjdevs on November 14, 2019, 11:28:03 AM
If you're focusing on practicality and real-world use cases then you should definitely keep a close watch on Decred (DCR).


Title: Re: Alt-coins with practical use
Post by: ahmia39 on November 14, 2019, 01:38:29 PM
If you're focusing on practicality and real-world use cases then you should definitely keep a close watch on Decred (DCR).
Why do you have to keep an eye on Decred (DCR)? does Decred have anything special in the real world? if yes,
please explain more fully so everyone can find out.


Title: Re: Alt-coins with practical use
Post by: Lizzylove1 on November 14, 2019, 01:50:37 PM
Brave is another good coin with use case. The team have a brave browser and they claim it's far faster than chromes. They pay you brave when adds appear on your browser unlike chromes that forces adds on users.


Title: Re: Alt-coins with practical use
Post by: PuertoLibre on November 14, 2019, 02:00:35 PM
Brave is another good coin with use case. The team have a brave browser and they claim it's far faster than chromes. They pay you brave when adds appear on your browser unlike chromes that forces adds on users.
I like the advertising extensions on the Brave browser, they implemented a new reward system which is good for both writers and readers. The real-world use case is important during the project selection and experienced investors usually prefer to invest in the project that has strong fundamentals.  The payment platforms and betting projects are not important for the current traditional monetary system IMO.


Title: Re: Alt-coins with practical use
Post by: chaoscoinz on November 14, 2019, 04:31:20 PM
What about the EOS Blockchain, the platform that helped elevate Blockchain tech into the 3.0 phase? It is agreed that many people would see Bitcoin as Blockchain technology 1.0. Ethereum is seen as Blockchain 2.0, with it's introduction to smart contracts and tokenization. Then there is EOS, what many hail as being a true Blockchain 3.0. EOSIO protocol which utilizes CPU, NET, and RAM as distrusted resources, and the delegated proof of stake consensus make the EOS platform revolutionary. EOS has a lot of practical use and Blockchains such as TRON & IOST are inspired by EOS.


Title: Re: Alt-coins with practical use
Post by: Lagduf on November 14, 2019, 04:45:49 PM
Storj is one of coin that attract my interest due to its function to pay for the decentralized cloud storage which is quite beneficial for my daily activities but I'm yet to try it out however it seems that the coin you mentioned is actually just for remmitance aren't them? in my opinion that can't be called practical use because almost all of cryptos despite having various functionality can still be used for remmitance as long as it has value and smart contract platform coins are basically a clone to each other which  is definitely pointless. Although practical use may differ in each person but I can't find all those coin you mentioned to be practical except golem. For example, Brave coin is used to replace the conventional ads into revolutionizing the whole website industries.


Title: Re: Alt-coins with practical use
Post by: bitvalak on November 14, 2019, 05:55:02 PM
ETH, Monero, Siacoin, IOTA, Golem, ripple are some of the well known coins which have a practical use. PERL coin came up with a good practice, the coin became opacity coin. What are the remaining alt-coins which have practical usage?
Practically what do you mean? If it is practical for daily needs, I think large altcoins like ETH, IOTA and Monero are still very feasible to be used as alternatives to exchanging with bitcoin because the transaction costs are cheaper than bitcoin. However, if the use is universal I think ETH is still very good potential for that, for example there are some marketplaces that have received payments using ETH.


Title: Re: Alt-coins with practical use
Post by: ATSgrowth on November 14, 2019, 05:57:30 PM
I did a mistake that I didn´t invest into Chainlink before the big hype. Recently, I realized how strong this coin is and how big potential has.
With decentralized oracles they can interconnect the informations from the real world with blockchain, imagine how many use cases this solution has!  8)


Title: Re: Alt-coins with practical use
Post by: lolgato1 on November 14, 2019, 06:06:40 PM
I am a big fan of cryptocurrencies that extend the use of blockchain in everyday life and especially those one that help with Bitcoin adoption.
For example Brave coin could attract many people because everyone is using browser, so what about to be paid for using in cryptocurrencies?


Title: Re: Alt-coins with practical use
Post by: poornamelessme on November 14, 2019, 06:09:27 PM
Brave is another good coin with use case. The team have a brave browser and they claim it's far faster than chromes. They pay you brave when adds appear on your browser unlike chromes that forces adds on users.

The problem with BAT is the KYC requirement. I can't see it catching on with the general public if that KYC requirement remains in effect. Now crypto folks may be used to KYC (although I expect many still hate it), but everyday folks aren't going to hand over their license/passport + personal info for like $5-10 worth of crypto. The only ones who might are in 3rd world countries, but the rewards strangely vary by country ... so those who might actually be interested probably can't get the rewards in the first place.

They also have the problem that if they do happen to manage to get a larger userbase outside of crypto circles, it'd cause some pretty heavy selling pressure. They'd have to convince the everyday person to hold their BAT, not sell it immediately. Not impossible, but it's kind of like a double-edged sword situation.


Title: Re: Alt-coins with practical use
Post by: perfect999 on November 16, 2019, 03:36:19 PM
ETH, Monero, Siacoin, IOTA, Golem, ripple are some of the well known coins which have a practical use. PERL coin came up with a good practice, the coin became opacity coin. What are the remaining alt-coins which have practical usage?
I think that from the list of coins that you have, the first 4 coins that you listed are the coins that I am familiar with and I don’t know about the last 2 altcoins that you mentioned but I will need to do some research myself to see if those altcoins are worth my investing, but since you have mentioned those 4 coins in your post, I think that you have an idea of what an ideal investment is.

If we are to also expand the list further, I think that most of the altcoins that are still within the top 20 coins are the coins that I can believe to have the real use working case which is why we could see that they usually respond to the bull run off bitcoin at any time it makes any no matter how little it may be, so I would pick more of my investment coins from there.


Title: Re: Alt-coins with practical use
Post by: Tipstar on November 16, 2019, 03:52:52 PM
ETH, Monero, Siacoin, IOTA, Golem, ripple are some of the well known coins which have a practical use. PERL coin came up with a good practice, the coin became opacity coin. What are the remaining alt-coins which have practical usage?

Almost all of the project comes with an idea to be used as a practical use coin but there are several things that fails them.
Sia and IOTA and ripple to some extent are the example of such failure. There was a project Gladius building a decentralized security to counter ddos, don't know how well they've been doing. There even was a coin that was to be used for public bus fares in New zealand and there too was a uber alternative in crypto. Forgot the name already.


Title: Re: Alt-coins with practical use
Post by: GaPR on November 16, 2019, 04:56:46 PM
How about BNB?
If you are a trader in Binance that would be part of your practical usage.  ;D

I agree with ETH and XRP but the other I still dont have any idea. Perhaps I will be reading more about them later on.
ETH though I think have much usage ever since.
Low transaction fees and faster tx time. I really do prefer it than anything else.
Not only ethereum can boast such a track record. At a minimum, Stellar and Tomochain have even lower commissions and better speeds than ethereum.
   It seems to me that TomoCain will do with ETH the same thing that the Vietnamese have done with the auto parts of leading brands (Mercedes, BMW, Toyota and others). Will create a cheap alternative to them, reduce the cost of these services.


Title: Re: Alt-coins with practical use
Post by: GaPR on November 16, 2019, 05:01:51 PM
I did a mistake that I didn´t invest into Chainlink before the big hype. Recently, I realized how strong this coin is and how big potential has.
With decentralized oracles they can interconnect the informations from the real world with blockchain, imagine how many use cases this solution has!  8)
This does not mean that they will not have competitors.