I am fairly new to crypto...as I analyze many of the alt coins, I find a lot of them say the same thing...making transactions faster, getting point of sale in place, making crypto mainstream...etc. A lot of it sounds like spin. In the end, do you think there is going to be room for more than one coin? And if so, what would the scenario be?
There are soooo many GENIUS ideas attached to coins and tokens...eliminating the middleman, decentralizing money, global computers and clouds...just endless...but many of them seem more like companies we are investing in rather than coins that we could use for real world consumerism.
There are many kinds of "coins". And I think there is room for many coins.
There are those payment only coins, like BTC and all his little clones: LTC, Btrash....
There are
Protocol Tokens, like Ethereum, Neo, Icon, Waves... They allow utility tokens to run on their blockchain.
Utility Tokens in my opinion are the riskier, as they are like double risk. If the protocols fails,the utility fails too.
Utility tokens examples are OmiseGO, Chainlink, Golem, 0x....
There are
privacy coins like Monero, Dash, PIVX, Particl....