Hello,
We could see the coming of new altcoins in the last few months and years.
They are mostly non-minable, backed by a company or backed by fake non-profit foundation, their founders made sure to be loaded with coins before launch.
Those altcoins claim to be decentralized and more efficient than Bitcoins and historic coins.
However, most nodes are run by the organization behind the altcoin, the change in algorithms are made by this organization even if the code is open source,
they claim little to zero fee transaction and instant transaction but these are just words : what would happen really as the network get congested like bitcoin?
They show road map about what the coin will be (zero fees, instant transaction) but we have no proof of this as it is still not real
Those coins are clearly to much branded, they are just paypal.
Indeed, I am talking about : Ripple, Cardano, NEO, NEM, NANO and others
Thanks
Honestly, PoW coin is a real decentralized coin, NANO used DAG system which all of the validation has been controlling by the server that has been running by its developer.
The bad thing about the PoW existence was destroying our earth with so many power consume in every second.
The decentralized means if the network has been running by million nodes that spread around the world. This makes the network is very strong and can't be broken by a party just like the government. But they are all missing it.
Only use decentralization word to get hype for their project.
