eight basic levels of cryptocurrencies.

[lunaelucemauram]

Indeed. The tier 8 was quite funny but true. Currently; some of the coins are just operating well in this market. But sadly; in this year we all are still looking for a bull to rise. We all need a motivation right now to stick with it.

Not to mention the hype altcoin that would only want to get money from the investors and most of this are done but pump and dump or other price manipulation and after that the coin will be totally useless. This also happens in scam ICOs which is why double or triple evaluating the altcoin or ICO before putting in your money is the best thing to do.

[atorle]

There are only 2 levels....

Bitcoin and Shitcoins....

https://i.imgur.com/gUkVrtS.jpg

Hilarious really, bitcoin certainly deserves a class of oits own, that is why I am not pleased it sharing a class with Eth, eth can find elsewhere,some respect

[jvper]

I defined eight basic levels of cryptocurrencies. What you think about it?

Tokens Tiers.

Tier 1: Bitcoin & Ethereum
Tier 2: Tokens representing real crypto platforms (Cardano, IoTA, Waves, ...)
Tier 3: Tokens backed by real business (Ripple)
Tier 4: Tokens with narrow specialization like payments, anonymity, etc. (Monero, Zcash... )
Tier 5: Growtech forks (Neo, Stellar,...)
Tier 6: Miners' forks (Bitcoin cash,...)
Tier 7: Hyped Tokens
Tier 8: Useless shitcoins

 

So, I've tried to put first 30 coins on those tiers mentioned above. 

BTC - 1
ETH - 1
XVG - 3
XRP - 6
LTC - 2
ADA - 6
BCH - 5
NEO - 6
ETC - 7
ICX - 2
IOT - 4
DASH - 2
QTUM - 5
XLM - 2
XEM - 2
LSK - 4
XMR - 2
WAVES - 6
BTG - 7
WAN - 7
SC - 7
ZEC - 2
EOS - 2
ELA - 2
HSR - 2
BTS - 2
Steem - 2
NANO - 7
BTM - 7
TRON - 7

Your classification is quite arbitrary. For example, why do you consider Dash different from Monero? If it is different, why not a fork?  Remember it is a fork of Bytecoin.

[jetcrypto]

I defined eight basic levels of cryptocurrencies. What you think about it?

Tokens Tiers.

Tier 1: Bitcoin & Ethereum
Tier 2: Tokens representing real crypto platforms (Cardano, IoTA, Waves, ...)
Tier 3: Tokens backed by real business (Ripple)
Tier 4: Tokens with narrow specialization like payments, anonymity, etc. (Monero, Zcash... )
Tier 5: Growtech forks (Neo, Stellar,...)
Tier 6: Miners' forks (Bitcoin cash,...)
Tier 7: Hyped Tokens
Tier 8: Useless shitcoins

Your classification is quite arbitrary. For example, why do you consider Dash different from Monero? If it is different, why not a fork?  Remember it is a fork of Bytecoin.

I fixed the classification. Here's the right one


BTC - 1
ETH - 1
XVG - 2
XRP - 3
LTC - 6
ADA - 2
BCH - 6
NEO - 5
ETC - 6
ICX - 7
IOT - 2
DASH - 4
QTUM - 2
XLM - 5
XEM - 2
LSK - 2
XMR - 4
WAVES - 2
BTG - 6
WAN - 7
SC - 7
ZEC - 7
EOS - 2
ELA - 2
HSR - 2
BTS - 2
Steem - 2
NANO - 7
BTM - 7
TRON - 7

[jetcrypto]

There are only 2 levels....

Bitcoin and Shitcoins....

Hilarious really, bitcoin certainly deserves a class of oits own, that is why I am not pleased it sharing a class with Eth, eth can find elsewhere,some respect

You're absolutly right. Can i make "Bitcoin Tier" ?

[Crown1]

I think the fifth - eighth are all the same type, all the hype.
I don't think these tokens have any value whatsoever, just hype.

[jetcrypto]

Interesting classification, although it can be argued that some of  the tokens can be said to belong to more than one class, it is also interest tat you will list eth along side btc, btc deserves a class of its own and eth should move a notch downwards.,not to say eth is poor or something

I have another version of Tier classification:
 
Tier 1: Settlement layer: Bitcoin, ethereum

Tier 2: Application layer: Lightning, plasma...

There's no need a lot of coins in this other crypto reality. Aplication layer can serve different needs and provide all needed services to the endusers.  

[jetcrypto]

I think the fifth - eighth are all the same type, all the hype.
I don't think these tokens have any value whatsoever, just hype.

I have another version of Tier classification:
 
Tier 1: Settlement layer: Bitcoin, ethereum

Tier 2: Application layer: Lightning, plasma...

There's no need a lot of coins in this other crypto reality. Aplication layer can serve different needs and provide all needed services to the endusers. 

[Kryten12]

I defined eight basic levels of cryptocurrencies. What you think about it?

Tokens Tiers.

Tier 1: Bitcoin & Ethereum
Tier 2: Tokens representing real crypto platforms (Cardano, IoTA, Waves, ...)
Tier 3: Tokens backed by real business (Ripple)
Tier 4: Tokens with narrow specialization like payments, anonymity, etc. (Monero, Zcash... )
Tier 5: Growtech forks (Neo, Stellar,...)
Tier 6: Miners' forks (Bitcoin cash,...)
Tier 7: Hyped Tokens
Tier 8: Useless shitcoins

 

I think you have pretty much nailed the Tiers for what we have at the moment I think in the next year or so Tier 3 would need to expand with a few more subcategories as this is where alot of the crossover development will take place. Companies will integrate crypto into their business model and people will be using blockchain technology without even realising it.

[jetcrypto]

I defined eight basic levels of cryptocurrencies. What you think about it?

Tokens Tiers.

Tier 1: Bitcoin & Ethereum
Tier 2: Tokens representing real crypto platforms (Cardano, IoTA, Waves, ...)
Tier 3: Tokens backed by real business (Ripple)
Tier 4: Tokens with narrow specialization like payments, anonymity, etc. (Monero, Zcash... )
Tier 5: Growtech forks (Neo, Stellar,...)
Tier 6: Miners' forks (Bitcoin cash,...)
Tier 7: Hyped Tokens
Tier 8: Useless shitcoins

 

I think you have pretty much nailed the Tiers for what we have at the moment I think in the next year or so Tier 3 would need to expand with a few more subcategories as this is where alot of the crossover development will take place. Companies will integrate crypto into their business model and people will be using blockchain technology without even realising it.

Yes, I thought about that. Formally Tier 3 includes "messengers' tokens - TON, KIN, etc." "exchanges and wallets utility tokens" "loyalty tokens" and so on. But it's all not the same.

[voltagecrypto98]

I totally agree with on these steps. I too think that these steps must be followed gradually to good in this market without falling victim to various scams. These steps will make to an expert gradually from novice. I will recommend all to follow this.

[grinyaaa]

I agree with the author of the topic.
Bitcoin and Ethereum will always occupy a leading position in the crypto market.
There are certainly a couple of promising Altcoins. But it cann`t take the place of leaders!

[xanaxxx]

I defined eight basic levels of cryptocurrencies. What you think about it?

Tokens Tiers.

Tier 1: Bitcoin & Ethereum
Tier 2: Tokens representing real crypto platforms (Cardano, IoTA, Waves, ...)
Tier 3: Tokens backed by real business (Ripple)
Tier 4: Tokens with narrow specialization like payments, anonymity, etc. (Monero, Zcash... )
Tier 5: Growtech forks (Neo, Stellar,...)
Tier 6: Miners' forks (Bitcoin cash,...)
Tier 7: Hyped Tokens
Tier 8: Useless shitcoins

 

I would add a tier for tokens representing the crypto platform under the development. There is a lot of speculation in that category and many will fail, some good ones will come out

[jetcrypto]

I totally agree with on these steps. I too think that these steps must be followed gradually to good in this market without falling victim to various scams. These steps will make to an expert gradually from novice. I will recommend all to follow this.

Thank you. I plan to add more coins to Tiers and even make some sub Tiers

[jetcrypto]

I defined eight basic levels of cryptocurrencies. What you think about it?

Tokens Tiers.

Tier 1: Bitcoin & Ethereum
Tier 2: Tokens representing real crypto platforms (Cardano, IoTA, Waves, ...)
Tier 3: Tokens backed by real business (Ripple)
Tier 4: Tokens with narrow specialization like payments, anonymity, etc. (Monero, Zcash... )
Tier 5: Growtech forks (Neo, Stellar,...)
Tier 6: Miners' forks (Bitcoin cash,...)
Tier 7: Hyped Tokens
Tier 8: Useless shitcoins

 

I would add a tier for tokens representing the crypto platform under the development. There is a lot of speculation in that category and many will fail, some good ones will come out

IMHO the majority of platforms like Cardano, IoTA, Waves are still under the development. So my rating is very conditional. I can't rate the way like this (even if I want to):
Tier 1 - Bitcoin
Tier 2 - The rest of the Blockchain platforms which are under the development

[Eurobot]

I agree with your definition. I also think this way but never wrote it down. Thanks for sharing.

[jetcrypto]

I agree with the author of the topic.
Bitcoin and Ethereum will always occupy a leading position in the crypto market.
There are certainly a couple of promising Altcoins. But it cann`t take the place of leaders!

As soon as "promising Altcoins" will have enough qty of nodes to be stable and 51% attack resistant, they could move to Tier 1

[Ni-in]

Would be interesting to see this again after a few years and your opinion.  

I would also put a TierX, which does not fit into the other categories.  And def change the order of some Crypto.

[jetcrypto]

Would be interesting to see this again after a few years and your opinion.  

I would also put a TierX, which does not fit into the other categories.  And def change the order of some Crypto.

No problem. Here it is )
 
Tier 1: Settlement layer: Bitcoin, ethereum

Tier 2: Application layer: Lightning, plasma...

There's no need a lot of coins in this other crypto reality. Application layer can serve different needs and provide all needed services to the endusers.

[nniecan001]

This is the most entertaining thread here in alternative coins section, well posted by the author. I love reading all the details here, well to be a participant here. I usually divide token or coins into two section only. The first one is the profitable creation and shit creations coins. Don't make it complicated, as long as I got profit is all that matter.