Bitcoin Forum

One of the biggest problems that crypto developers face is that technology changes rapidly. It is very hard to stay current, they new to introduce better feature than what we have already in this space, who agrees?

The old features are going to be old because a day later a new concept comes offering better solution to the old problem and because implementing deserves another fork means there will be another code examination and debugging the line of codes and while doing so another concept emerges. But that's the beauty of having an opensource project because a lot of coders can participate and propose/

Sharding still is new to solve the scalability. If ETH will be successful in this ETH2, many projects will probably follow as well.

They should accept and have it always in their minds that technology keeps innovating and there's no way to delay the upgrades and changes because it is constant.
If they are not prepared for it, they should accept it too that their projects will be left behind by the emerging projects. But in the world of ICOs, I don't think that there will be a new project that will be the same as the old ones.

I don't agree. I see two other problems in crypto space:
1. Everybody(*) wants to get rich quick (hence the huge number of clones, shitcoins, useless tokens and unrealistic promises)
2. Everybody(*) wants to "upgrade" existing successful coins (coming with ideas for Bitcoin PoW is already a classic), and for this I also have a good example here (https://bitcointalk.org/index.php?topic=5205208).

With the huge market caps of the top coins, maybe they feel too intimidated to start their own new proper coin? Who knows? But we need new ideas, they help the ecosystem.

(*) not everybody ad literam, just a big enough number of people, of course.

And the people who want to get rich quick can abandon a perfectly good
alt coin project for a newer project offering the same solution as the one they left.

Projects take time to grow and develop, the serious ones that is

Yes you are right but this just refers to the ideal market environment but what we are seeing is according to normal greedy human psychology where they will rush to copy others just to make a quick buck which results in defaming of overall market too. There should be some global ico authority that should only allow legit, unique and quality projects to continue and not allow others only then we can get rid of such issues from the market.

I prefer to say that this is a complex problem, not a difficult one. Crypto developers will definitely do a review of the problems that often occur in the community related to various things, then try to find a solution with a combination of blockchain and cryptocurrency, find unique innovations that will form specific niches. Serious projects, with high funding, are sure to easily attract investors. It will not be difficult to form a market network if the product is realistic and solutive.

I think the first is about an idea or concept, a new project should have a new concept about the project. Because there is nothing interesting about a new project if the concept is the same as another project.

Agreed with you. They could bring coins and tokens of same genre but with different nature.  They could bring it if it's advanced than the old one.
But there's no use of brining the coin that basically does the same or less than just another coin. Coins and tokens that are just for speculations are useless at the moment.

Very few feature need in cryptocurrency where new project is gathering old project feature. New projects with very bad new features and with gathering old feature, this types of project are available I'm cryptocurrency. I have also some feature but new project is in rush to add old where new technology is achieving huge success.

Even though its constantly changing they can adopt it everytime and changs on the one that will improve best the platform right. See how eth will change their nature from POW to POS, since they see a good development and a leap for this major decision.

I guess Moore's Law (https://www.investopedia.com/terms/m/mooreslaw.asp) is also applicable to crypto.  We need to update to the ever changes here, that's why we have seen so many forks, updates specially on those name coins.

Just recently, ETH will be releasing an update, ETH 2.0, and I think this is a respond to the ever changing climate we have seen so far in crypto sphere.

I take the example: almost every new exchange project has the same system foundation, some seem to work to bring up new options, but they forget to increase user comfort in increasing liquidity. Trying something new but letting go of many important things won't mean much. I think only large-scale funding can make projects ensure good progress.

unfortunately the team only focused on blockchain technology or system development, or else they were developing it in the scope of crypto. the feature that should be made is how to adopt crypto into the real world, so that between crypto and the real world can sync.

Yes I agree that's why new built and planning to launch project need to study well what featured that they add to make them different from other project and to make it more attractive to consumer eyes and interest. And make sure that new project can adopt innovation to stay alive in this industry.

That's right. Technology will always develop and we must follow its development and always make innovations so as not to be left behind and ultimately forgotten because many people think that it is old-fashioned. Each project must have something new that is different from the others which makes it an unusual project and can attract investors to invest in it with more advanced technology or innovate with the projects they bring.

Some just exist to offer gimmick by saying that theirs is an upgrade feature compared to the already existing one and saying that theirs are better in almost every aspect which only on the paper but for practical use it's still not determined. Most of the project that adds new features as you said usually lacking in certain aspect aswell and most of the time they are only focused on that new feature because it could boost their funding.

New features are really needed with the growing need for crypto. But besides that, investors also need a guarantee of profits from their investments. Not just a new feature that might not provide benefits. And I think in these difficult times investors are very careful to put their money if there is no definite profit. Therefore, it is better to first confirm the profit agreement between the dev and the investors because each of them needs it to spin the money.

Yes, there's should another sets of ideas and target venues for new crypto project. Developers needs to go out of the box and keeps following what are already inside the market, they should create or introduce new developing coin that will be more useful not just for the same concept but for other sides of the industry, crypto is already known and integrating it to new fields of business is always possible.

New and unique features will be needed for new upcoming projects in order to become popular and will be notice by investors because if they are like a copycats of the old projects then they will end up a shit projects or scam in the end.

As the technology keeps on evolving, the crypto space needs to evolve also so the investors will not be tired of investing and they will continue to support every projects that have a potential to grow. Additional to it, they need a strong marketing strategy also in order to pull the trigger and make sure that they can hit their softcap or even hardcap if possible.

It's supposed to be like that. But what can we say. New projects keeps coming here and there with the so called new features and technology, in fact it's just the same ol' features and tech. Especially with how fast technology growing each passing day, the developers needs to catch up with it as to make the investors and the future investors happy with their projects.

We've seen quite the projects with the same features as the others. That's what makes investors kinda hesitant to invest their money in them. I mean like, why invest to the new one with the same feature, when we have a good older ones that aren't so different with the new ones.

That's why developers have to use all of their knowledge to think of the newest way and fresh ideas to attract investors.

I agree with the growing technology from year to year has to be a new innovation so that the digital world continues to crawl forward not backward.
So developers are obliged to make the latest innovations if they want to compete and get a day of Crypto society to try their new technology.

if we talk about new projects, of course it requires new developments.  This is done to attract investors, and can also compete with projects that have similar concepts.
I strongly agree that they need to think about something new, because most new projects have concepts that are very similar to existing projects so they are only destined to die because they cannot compete.
maybe the new development they need to make is to make features not found in other projects, but it seems like it's quite difficult to think about.

Lack of research is what makes many leave a project for another even if the new projects offers same thing as the old project, for every coin you decide to hold always make sure they have different problems they fixed

right, more different your idea from the other, more success you are. what ico created, many of them its like imitation, like they are run out idea, so just put some stick, and stick it to the previous, it will be the new one, and the concept same like the previous.

I agree that technology develops quickly and older technologies may be replaced overnight. But most of the technology introduced in the cryptocurrency market is theoretical and it doesn't really solve anything.
If you take any 2 coins to compare with each other you will almost be unable to distinguish their differences. I hope in the future the cryptocurrency blockchian technology will really have a positive impact on real life.

Yes, technology is always developing and people need to try to catch up. A good project is a project with good technology and difficult to be replaced, besides the development team needs to constantly try to update the latest technology and stay ahead of market trends. I will not invest in a project where their technology is at risk of being replaced overnight.

This is true, but however the old ones keeps overshadowing the current or upcoming projects because the old ones keeps trying their best to remain relevant while the new ones keeps doing a different thing altogether. Before we used to hear about different projects which says they will kill Bitcoin, ETH etc but where are they? I think its far better a project concentrate on building their own platform than thinking of how to kill an already existing one. Lastly, like you stated, upcoming projects should focus more on new technologies as it will make them relevant as time goes on.

Yes, I do agree that technology changes rapidly, we can't do anything about that because change is inevitable. But that doesn't mean that we should always change our decisions and ideas in order to make new crypto projects that will be acceptable to the market. Project developers should focus on one thing they think the market and the cryptoworld really needs. This project will serve to be their tool for innovation.

Most of the projects that are offering in the market are homogeneous, the meaning is they are offering products and services that are similar to each other. There are only few projects that are becoming successful because of their new added features that investors can be benefited. There still many problems in the market and projects nowadays should focus on solving the problems that we keep experiencing.

Would have been a good thing if developers spare time for themselves and read posts on this forum, they will surely learn alot, the reason why people aren't that into investing in project today is because they are just same copies of old projects, this means the new project aint going no where

I agree with you, that if there will be a new project at least the developers must be prepared with new ideas and new features, even though actually having new ideas requires thinking and effort so as to provide freshness in the ICO or IEO world and they must be able to convince investors if their project is worth following.

Its not a must to invest in new projects but people still dreams about finding good coins that can live to the standard of top coins on CMC today, well its not impossible but make sure such new project offers a fresh solution to crypto space and you found yourself a new gem

Not feature maybe, and new project in crypto must already have it's own product. I think that is better than speculate people's money and then create product that they actually not know how the product will be. Maybe if big company start to make token sale, and the token is really have relation about their product that already used by a lot of people, it can be good for the project itself, token, and investors.

Yep, we need big ideas and are more relevant to the crypto market. Many projects are ridiculous to want to raise money for a clothing store to sell their clothes ??? Besides opening a chain of vegetable shops and there is no commitment to share the profits after investing ??? Many of these projects puzzled me and seem to have frustrated many investors about ICOs. In fact, ICOs are not bad at all, they are just being used by many startups to cheat or give silly ideas! do you agree with me ?

Its hard to create something new in crypto today. Maybe whats why i dont see anything intresting anymore

maybe it should be but, mostly just competing to make the same project.
and they also already know the results, it's like they already know the results but still continue to do the same thing.
like a hamster running on a spinning road, it will never run out unless you stop and think about a new road.

Change of technologies are not the problem because the major reason why new projects and existing projects are not performing well is the duplication. If you take crypto based payment transfer project you will find dozens of them with almost identical features without anything new so developer should not come up with similar projects rather they should come up with new technologies which will attract the market. 

This thinking exists in every industry, even the accountant has to learn new programs evolving every day. You cannot survive if you are not prepared for innovation. In fact,  this race becomes tougher in the decentralized market where this competition is strong. Although they are created this year, there are several projects that got place from top ranking, because the former owners of those places are now obsolete.

That's probably one of the reasons why bitcoin just keeps on popping off. It's because the technology behind it is actually one of the top technology nowadays. That's indeed true, it's alright to innovate the product as long as it is going to be really consistent and not fall off after a few months.

I think it should be have new features to make the new project at least have enough funds for the investors to developing their project, make the mission come true and make sure investors are happy with it.
I don't think new project must be number one with beating current ICOs nowaday. Thing that make the project have supports is that they must have do improve consistant.

more with use on works of modest tasks of evaluation as appealing with different models of selection to gives with developer as referring extensive on stud as preparing release with new feature to put on desktop with the DOGEM application. as investors support helps us to provide service for pupils of indonesia.

There should be something new that will surprised or excite us to try and use. Since many is just like an update or version2.0 the other projects tendency no more believes in it plus the fact that the market is being in bear that makes it hard too.

that's their job to always develop projects always get better and always ahead, but unfortunately it requires funding while we know the market is sluggish so it is difficult to get more funds to develop the latest features, so many projects that go because they do not have more funds and stop development, the market really isn't good at the moment, talking to better technology needs more funds let alone new projects that need time to raise funds

HPB

You have a point but I better choose a project that is really a solution to a root problem than having a coin that offers feature which offers temporary solutions to existing problems. Innovation is really a must on all projects but all these things will never be a new one in the near future. We need a solid and competitive research team to dig deeper in identifying a root problem.

Even if a project decides to come up with a feature or product that the blockchain technology already has, it's not a bad idea at all, competition has never been bad anywhere, Infact it'll help projects to improve on their product.

The main problem is creating projects with the same feature, but with no improvements and just creating the same failed feature over and over again, for example there have been many ICO's that came with the feature of improving the healthcare care system, but with no impact whatsoever, just either a failed or scam project, and I'm talking of almost all of them, so imagine if all of those projects were genuine, then it'll be no problem at all, as long as all of them are working and are beneficial in solving problems.

There is no point in coming up with new projects without any substance for the purpose of collecting the funds, if the developers are able to create some valid products without collecting money then i can trust them that they will be coming up with a real project as they need to produce results for them to be successful and hence they will work hard on the product, the rest are just a joke.

the problem is that we are working with technology that no one has worked with before. Now, when making new products, developers may face problems that they could not have foreseen at the stage of project development and due to the fact that all projects are unpredictable, they have many difficulties in the market.

the technology is developing very fast and that is why I believe that developers should not create new projects, but should help existing projects develop faster. if more people will work on the problems of existing projects, then the development process of this market will accelerate very much

That something "new" is a must so that investors will be interested again to them. But what happens isn't like that, they are not very reliable if its about the new emerging market and technology that they bring. It's not about that anymore because no matter how many projects that will be brought to us if nothing is new, investors will remain the same stand against icos.

The developers also need to update their knowledge rapidly and the should aware latest updates about altcoins, It's no doubt fast-changing technology is a big problem for developers but they should also aware of all new technologies.

Whoever want to standout will always keep himself updated and in check. Meanwhile, keeping oneself updated requires a lot of hard work. That is why the developers that are able to have breakthrough, bring up new and unique ideas that can quickly sell.

Unfortunately most projects are like that, they say if the product is unique but it turns out just the same as in general. That is what causes the lack of market power, there is no unique niche that they form. Of course, investors are not interested, especially since there has been more and more fraud. It's better to invest in projects that really show their seriousness by collaborating with trusted global exchanges, whether through IEO or other things.

The real problem is the influx of those who do not have such innovative ideas. Now we are in such a situation that it is possible to create tokens for only $1-2. If there are greedy people like us, they will surely try to scam others. Even if ease is established for more innovative thinking, such people make everything look like shit. If we take these people out of the market, we will be able to see that the good ones exist.

One of the main reasons why investors supporting particular project is that because of the features and new technology that they have, there are projects that are creating new device for their project and there are also projects that are innovating others project, for example, a new exchange is being developed and there are features like fast transaction but since not all exchangers are secured maybe they can make their exchange more secure than others to gain more investors and users.

it was one of the challenges that the developers and the cryptocurrency project team had,
the development of cryptocurrency is very fast, so it takes quick steps to follow these developments,
because the product alone is not enough if without following developments that are happening,
because this is one way for investors to be interested in the project.

I was agreed with you. Try to see the signature that I used. They have a lot of new changes and doesn't have to other exchange platform. You can participate always on pre-sale and the modeling of the token so it is a guarantee to all of us, not only on the project also to investor.

What they have been mentioned doesn't always mean if that will always become a real thing for sure. Look at how much scam projects that offered new ideas or even features. none of them released what they have already promised. There were a lot of reasons why there were so many people who have been arguing their opinion about the new features in the crypto. But i believe if their motives to earn a lot of money as much as they can. Basically, what we need is something that can solve our daily problem, the implementation of the new tech will need a lot of time and there will be two choices for these new technologies. Adopted or dead.
It looks like you don't get what has already written very well by OP.
Pre-sale is not something new and it's an old trick.

To attract more investors the team needs to be progressive, after building the foundation of their projects they need to bring more follow up in order to continuously have the supporters interest. Without any further development and integration to emerging technology those investors will move away from the project and start investing with new one where innovations are introduce.

Being too strict on a particular technology is what has ended the existence of many projects; as a platform, the team must find ways to blend in with trending technology in order to be in accordance with what is obtainable as well as growing in like manner. In this space, there are many projects coming up everyday, but most hardly look for new technologies which is why they are dying faster and those already existing. Thus you are right, let new projects come up with new technologies while already existing keeps advancing.

Some projects have totally changed the system with a very high risk, but I am sure they have taken all the risks into account, the old system may not always be bad or not suitable for use, sometimes it is also only necessary to update the system so that it is more modern and does not harm the interested ones, I agree with you.

There is more than mere duplication. Obviously not two coins can be exact same but the major problem is whether the project owners are serious about their coin and if yes, then to what extent they care about it. A bigger portion of new projects is scam and this is the most troublesome issue of the current market. For new features, investors can actually give better ideas as they are the real users here.

We cannot deny the fact that there are some copycats projects and they only modified a little bit and called it their new own blockchain. I guess altcoin is very competitive like ETH, BCH, EOS, Stellar, TRX, NEO, etc. This platform is almost the same they have the same capability they can create tokens and some can deploy and create smart contracts. But I guess they have different TPS someone is claiming to be better than the other one and vice versa. But for me, ETH is the original they have gone another fork or upgrade recently the Istanbul upgrade some of the details you can find it here:
https://www.theblockcrypto.com/post/49637/istanbul-upgrade-goes-live-on-ethereum

I think projects should focus more on having a better feature than having a unique feature. We need to admit it, not all projects features meets the expectation of the users that's why there are projects that offers the same one which promises to give off a better performance. Nowadays, most of the projects seems to be imitating each other but what we should do as a participant is to choice the one that shows greater features and better performance so that we can contribute on offering other people the best services they could ever have.

The much bigger problem is that even perspective project cannot realise their potential, they are postponing everything, until there is already a much better solution on the market which makes further development just pointless.

Many investors are bored of copy cat projects and are always seeking to something new and unique. There are still a lot more in our industry to cover and integrate with cryptocurrency. Adoption of crypto must be done also to many other transactions that can increase the efficiency of the market as a whole.

I also agree that technology is getting better every day but it doesn't always work. The most conspicuous example is EOS. One of the best alts and the absolute technology scoring and currently no team can be better than them. But besides that, they drew a lot of big plans in 2018 but all seem to have stopped because they still do not have enough experience to research it. They plan to create a new blockchain platform that can completely defeat the Ethereum platform in the future but things seem to be deadlock now. The value of EOS is now considered to be thousands of hanging hairs, if there is more bad news then maybe they have to leave the top 10 soon.

I agree that the new project should bring new ideas about cryptocurrency and blockchain, so ICO or IEO will be more attractive to investors. New projects that are still duplicating old projects in my opinion are not good for the cryptocurrency market because they do not provide an alternative for investors in choosing their investments

yes we have to accept it because technology is always innovating and we cannot stop the development of technology. every day there are always new discoveries and projects that emerge. therefore if the old coins do not innovate or develop coins, the old coins will be replaced by new coins that have better technology.

Yes, exactly, that's why the older projects if they couldn't find their way to adjust and uograde their technology over their roadmap they might failed to build enough stability to stay longer in crypto. In the other hand they might leave the project and create a new one with much higher technology and technical issues and that would be a cycle.

Am in full agreement with your opinion, the technology industry is highly flexible and discovery are made daily which simply implies that more effort is required to stay current as everyone is on the move to greater efficiency. This also is evident in the cryptocurrency space as new projects evolves, new technologies are born.

Yes that's true and also one of the nature of technology, that is, it changes which makes it attract more users. In most platforms in the world, the technology being used few years ago aren't what the platform is still using, they have upgraded so as to keep satisfying users. Now in the crypto space, most platforms finds it hard working on new technologies because they lacks the idea, which has also made a greater few to die off because they have nothing new to offer. Therefore I agree with you, there is need for new technologies in this space so as to keep attracting more users.