Alternative Block Chains : be safe!

[Noah14]

You need to make something if you got money on the machines and wasting energy for " nothing ".

[1620375364]

1620375364

[1620375364]

1620375364

[1620375364]

1620375364

[kbcoin]

Alternative block chain History has a method for rehashing itself. Over and over this opinion has demonstrated that humankind and its individual false notions have been a rehashed issue. It was with the help and arduous endeavors of Satoshi Nakamoto and his/her/their formation of the block chain (Wiki) that began this all. Bitcoin, the originator of conveyed open records, fills in as a prime case of the sorts of developments that can emerge when individuals get together behind a mutual shared trait. The Bitcoin "biological system" all in all conveys an opinion, and that is "we need to decentralize". I for one need to face a daily reality such that nobody is prohibited from interest in the forward fight that is carrying this mechanical development under the control of the majority.

[Edilbert999]

https://contest.zestcoin.io/7140/5309742

[Wylokel]

This is exceptional display on the other hand nearly humans get clamoured to Crypto's with extremely small mechanical recognise -how, which is fairly abject , on the other hand nearly humans would not all the more recognise where to start with seeking to safety check the series themselves.

[boled]

this is good advice, although not too detailed but very helpful, the key to everything is learning and reading. This can also be used as a guide for friends who like to invest, learn first before deciding to invest in the ICO. learn about products, technology, whitepapers and also the team that works inside. The ICO with a large target does not guarantee success, even some successful projects are successful but do not succeed in maintaining prices and launching products.

[WillyAp]

this is good advice, although not too detailed but very helpful, the key to everything is learning and reading. This can also be used as a guide for friends who like to invest, learn first before deciding to invest in the ICO. learn about products, technology, whitepapers and also the team that works inside. The ICO with a large target does not guarantee success, even some successful projects are successful but do not succeed in maintaining prices and launching products.

One give away for newcoins is their dead followers on FB, Twitter.
Recent creations, 1000 followers and hardly any activity.

There are way to many coins and most are just there to make its creators rich, or so they hope.  

[elnanex]

Good Work

[kiranarora]

If a person thinks he can make any code,but the lol does not ask the programmer to do such things.

[Insufficient]

Love that you brought this up as there is so much new blockchain popping up,and to be honest just like everything there is a positive and negative sides to it. The way i see it though if a person is really interested in certain blockchain e.g. plug ., we can always research about it and perhaps see if there are already successful transactions using the blockchain that way we can decide to ourselves if its worth taking the risk.

[Gurjasmeet]

I think crypto currency had most popular and attractive. so there are more alternative working on same pattern. but huge of  alternative coins make a way for scamming.thinking. we should be aware for investment.

[HoryouToken]

A lot’s changed since the 1990’s … everybody is connected to everybody else, computer’s run everything like our banks and financial markets…


but something’s still haven’t changed, like, when Alice needs to send Bob some money, they each need people to record the transaction, then validate it, and then tally it with the other side’s recording….over and over, every time some change is made. That’s a lot of work just to make sure what Bob sees is the same as Alice.

Distributed Ledger Technology (DLT) allows Bob and Alice to stay in sync, while making sure that nobody can change the data for their own agenda.

The most common use case of DLT is blockchain. There are a lot of DLT products out there who store and share their data on the blockchain which is neat but takes a toll in terms of scalability because everybody has a copy of what Alice and Bob did. That’s a lot of duplicate copies and then there’s privacy to think about it i.e. when Bob and Alice make a transaction the only people should know about it are … Bob and Alice


There are other DLT use cases like Corda which uses the Corda ledger keeping scalability in mind. When Bob and Alice make a transaction on the Corda ledger the transaction is not put into a block with everybody else’s. Each deal is individual in itself, and both parties are in control as to whether they want to include a third party service for things like validation and recording.


Another distributed ledger technology is hashgraphs which gives weight to scalability more than a public consensus.


“All blockchains are distributed ledgers, but not all distributed ledgers are blockchains”

For more information check out these few blogs and videos.

[Sane_Thane]

Gavin's right, we must be careful to what we invest in. But they do not need to access our computer to scam us. A scam may just be a shitcoin. The nature of the project should help us to know if it is a good one or not. How long would it take to achieve it. Their roadmap of course. If their roadmap is full of promises, shortly delivered, either they are lying, either they will scam. Good work takes time, a lot of time, nobody can achieve big goals in two months. Project who promise to change the world in more than one way will never change the world.
A good project will focus on one aim at a time. It will be a long term project working on something that has a real impact, on the technology or on a political side. Political projects, real one, are good to invest in. Because the teams are really willing to bring some improvement to our world and they'll work for this. Ideas over money is a good way to earn money.

[henry.108]

This is true, a lot of block chains have actually emerged in the internet. As always people never change, despite the ease of earning money through cryptocurrencies, they still want an easy and illegal way to earn. That's why we need to be more mindful on the block chains that we want to use when we are dealing with our coins.

[LCNPLATORM]

This paper is awesome. I enjoyed it so much. I hope many people will keep an open minding as to adopting new innovations. This is the only way any technology could be grown.
Thanks.

[nuamah]

Great advice. I really the part about not investing more than you can afford to lose. CryptoCurrencies are not scam but can be used for scam so we all need to beware

[CodeCrypto]

Nice pieces of advice. Auditing source code is best possible way to make sure whether a new block chain is embraceable or not, but honestly only a handful of people actually does that especially if the code is messy. From a developers perspective trying out a new block chain with minimal risk is doable(efficiency is also accounted), but for most of the investors with less technical knowledge minimizing the risk is like solving a complex math problem instead of being a total noob in math. And eventually learning to recognize useless coins is fruitful.

[PurpleHatCreator]

   There is a good tool where you can not worry about the choice of crypto currency. At any time, in any currency, you can use the funds. The most convenient bitcoin tumbler ever I met

[Crypto4proud]

Gosh, the original post has been 7 years old. And still very relevant! There are so many wallets abailable now and in a desire to try things, some users disable their AV. Newbies forget to use virtual machine dry runs. I am guilty of that but have learned my lesson.

[cyberpunkworld]

This is true, time has passed since this was posted and its relevancy is astonishing. I would add that since a lot of block chains have actually emerged in the internet, this has not changed the nature of people, despite the ease of earning money through cryptocurrencies, they still want an easy and illegal way to earn. That's why we need to be more mindful on the blockchains that we want to use when we are dealing with our coins.

[Mehel.kb]

in fact there is a terrible fear, especially at Bitcoin, for example, doubling the turn, but for me the biggest fear is from the so-called crypto-currency rules.