Do we Need Altcoin?

[daxiake]

The technical reason is that Bitcoin has inherent problems due to its design, and people feel they can improve on it. For example, Bitcoin transactions have high fees and can take a significant amount of time to process, so some altcoins are designed to have lower fees and faster processing times. The “proof of work” requirement that requires a ridiculous amount of energy usage could be replaced with a different verification method, making the new altcoin more efficient and saving all the world’s energy from being sucked up to mine Bitcoin the way nanobots may one day suck up all the world’s matter in a grey goo nightmare scenario. Some altcoins, like Monero, are more anonymous by design, which attracts people who want to buy drugs online, for example. People who like the idea of cryptocurrency but think Bitcoin has serious technical problems are attracted to altcoins as a solution.

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[Rainbow009]

There are always new ideas of ways to implement the blockchain technology into a particular area in order to get the most out of it.
New innovations are always welcome as it makes for healthy competition.

[InfiniteGrim]

Of course, there is no doubt about this. Alctoins are developing the crypto-currency world, they are constantly improving the system so that all people can use crypto-currencies with convenience, integrate them into everyday life, business, and so on.

[actimelfortelun]

I think so . They brought new innovations to the market.

[ElizaZX]

I believe that Bitcoin Sash, Bitcoin Gold and B2X just do not need a crypto community and the world. A much higher potential has ETH, Ripple, Cardano, TRON and the like. Those altcoins who have their own idea and embodiment.

[Paycomesell]

Each altcoin is served for specific demand, it's not like fiat, you just use it to pay for payment. In the far future, i think it more like the combination with fiat and stock which you can use this token to pay for services.

[James678]

I think that we need altcoins, for them the future. Prospective companies that will develop, carry out everything on the road map, have good technology and the idea, there will definitely be an increase in their coins. Of course, everything depends on bitcoin, but as without adjustment. after the growth of bitcoin altcoins will go into growth too

[DerTrey]

There are many new altcoins and creators try to improve their characteristics so that they can compete with other. In addition, without altcoins, there would not be as many new ICOs in which bounty members and investors can earn on them.

[mOOnsterCAT]

I think yes, they are needed in many ways. For example, it is impossible to build a system of buying or selling anything from $ 5-100 based on Bitcoin. It is capable of processing only 20 transactions per second. But for example, another altcoin * insert altcoin name * can handle much more. But this is only one of many reasons.

[Chainfavdlt]

 Altcoins are supposed to be alternative projects to bitcoin that try and do things that bitcoin can not do. Possibly even something better than bitcoin someday, hopefully. We still need a new alt to grow bitcoin, because they offer more to maintain balance .

[vladisad]

As for me I need altcoin because it is a good alternative investment rather than bitcoin. We need altcoins, but not those that are listed every day. Altcoins must be really good coins and competitive. I know a lot of good altcoins in the market that can give a lot of profit or even a higher return compare to the potential return of bitcoin. So it is a good step to spend some of our bitcoins or money to altcoins.

[LianaSie]

Some of them, we need, but most of them are garbage for sure, which I just ingnore, not that hard to do

[Erzinnum]

Altcoins is the important part of the crypto market, because with their projects crypto integrates into the world

[Endorphinity]

Most alternative coins do not benefit society. They are used only by speculators in order to trade in the market. These projects are likely to die.

[lichnosam]

New alt's in the crypto market are a good thing, because they positively change the digital world with their technologies and brand new revolutionary ideas. Altcoins represent new concepts and innovative technologies that drive the cryptomarket and the whole future economy.

[oOVVVVVVVOo]

Bitcoin Cash, Bitcoin Gold and everything else is shit. They are designed to distract attention. Altcoins are needed because there are such projects as Ethereum, EOS, Waves, NEO. They enable you to work with smart contracts.

[lehungviet96]

Sure! Each tokens has its own ecosystem and application! More coins mean a more variation to cryptocurrencies! It is a natural thing!

[David bente]

We really need ALTCOINS  Bitcoin cant perform all features as some new tokens will do, example is ethereum  which has smart contracts.

[dnxfgjhk]

I've been thinking about the need for bitcoin cash for the past few months. Bitcoin cash is a community organization that supports large blocks of bitcoin. When there's a bitcoin jam. People will choose more bitcoin cash as payment or storage. Because bitcoin cash doesn't get clogged up and cheap transfer fees

[Biklonicl]

The more altcoins on the market the better for all of us . First, we can make money on them, and second, they help to create applications for the phone and various platforms for crypto