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Author Topic: If one cryptocurrency works  (Read 135 times)
Bonanzacoin (OP)
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January 02, 2018, 06:46:07 PM
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then why the hell would there be use for another one?
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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January 02, 2018, 07:00:36 PM
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There will always be better projects than we have today. Even every BTC fork improves something (block size, consensus type, privacy and so on). It's a very hard thing to do something fundamental and succeed at the very beginning.
Bonanzacoin (OP)
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January 02, 2018, 08:06:50 PM
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There will always be better projects than we have today. Even every BTC fork improves something (block size, consensus type, privacy and so on). It's a very hard thing to do something fundamental and succeed at the very beginning.

if...
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January 02, 2018, 08:18:09 PM
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and which one is working right now?)

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Bonanzacoin (OP)
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January 02, 2018, 08:21:19 PM
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and which one is working right now?)

if...
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January 02, 2018, 08:24:18 PM
 #6

and which one is working right now?)

The main feature of any currency is the ability to make transactions and give some volume to any other people. BTC, LTC, BCH and any other cryptocurrency work pretty well in this case Wink

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January 02, 2018, 08:38:32 PM
 #7

Well they don't all tackle the same problem and because of that there can exist hundreds if not thousands of cryptocurrencies. The unique aspect about this industry is that it isn't limited to one field but rather can be a part of any field as long as the technology is integrated well.

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January 03, 2018, 06:15:10 PM
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then why the hell would there be use for another one?

With the time old cryptocurrencies and their chains become very complex and using of them require much possibilities that can not be easily provided. That’s why fresh new projects appear and attract money!
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January 03, 2018, 06:17:50 PM
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Why? because there is no perfect coin. Competition between coins make each of them better and release their potentials.
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