Hi, I recently read about this cool feature:
Self developing network - the protocol will be constantly updated without any hard forks needed.
Republia is probably the first one cryptocurrency ever with this feature.
And I am asking why there are not more cryptocurrencies that support it?
Because if you want to make an estabilished coin better (Bitcoin or Ethereum for example) you have to hard fork it or create second layer solution and still you will have a real problem to competite with new created coins that offer faster and cheaper transactions. I am afraid that many of top coins now will be replaced by new and better technology coins.
This feature will help Republia to fight with competitors.
Or do you think that is not good? That could make this coin more risky against attacks?
Tell me.
I don't know anything about that project, but the idea of a self-developing network makes me a bit concerned.
The good thing about hard forks is that they establish a consensus. everyone knows what the rules are beforehand, and everyone chooses whether or not to sign up to the new (forked) rules, or to continue on the old chain with the old rules. The idea of a self-developing network sounds a bit chaotic, as if you can never be sure what the rules are, and never be safe against someone changing them arbitrarily.
As I say though, I'm not bad-mouthing that project, it's just an initial thought on the concept in general.