ERC20 gives birth to too many shitcoins

[Catmurs]

If we start counting all useless tokens in crypto space you will notice that most of this useless tokens are running on erc20 block chain ,many good altcoins ive came across have separate owned block chain and they are plain better, I guess the reason we have too many shit altcoins in crypto space is because of the flexibility of erc20 ,making it easy for unprofessionals to build there useless tokens.

We have some good altcoins that are running on erc20 but you will see then moving to their own block chain later on or it will be included in  their roadmap about the future swap.

The reason why I like tron block chain is the ability to get rid of fake tokens running on tron blockchain if ethereum can do this it will help a lot.

My answer is too many shitcoins are based on erc20.

It has long been clear to everyone that the Ethereum platform is a collection of any shitcoin , I think it is not necessary to literally perceive that the future is behind this platform , for me this platform is purely for speculation designed for this coins.

[Pecunia non olet]

Yes, they make the process of creating an own coin easier. So everyone could easily create a cryptocurrency, but it depends on us if we invest into everything.

[BTCbengi]

That's right, actually there are too many shitcoins on erc20. I was really depressed because I had spent a long time working on campaigns and what I got was shitcoins. Creating fraudulent money codes is easy on the ethereum blockchain through projects with crazy ideas but still approved. Then the project is not successful, the token does not go up the exchange and that leads to the scam. Therefore, I hope that shitcoins will gradually decrease, which helps bounty hunters to continue their work.

[zksharkz]

there are plenty of other shitcoins built on other blockchains, but ethereum takes care of a lot of the heavy lifting required when making a new shitcoin

[Miklight88]

Be the first blockchain to run smart contract and a very easy to know blockchain , it has really give birth to shitcoin truly and has turn the crypto to something else , but the team need to checkmate the token running under their blockchain to curve scam in the industry , cos lot of scam project run under this ETH and never do anything to really make the industry worthy.

[ArchSaint]

Has there ever been a coin marked as a "shitcoin" that has proven everyone wrong and become worthy?

[Utoy101]

It is actually because ETH is the first to offer such feature on it's chain. Tron, Binance, Wave also have a lot of shitcoins on them.
There is over 205,559 token contracts on ETH network at the moment.

[kaka manteng]

If we start counting all useless tokens in crypto space you will notice that most of this useless tokens are running on erc20 block chain ,many good altcoins ive came across have separate owned block chain and they are plain better, I guess the reason we have too many shit altcoins in crypto space is because of the flexibility of erc20 ,making it easy for unprofessionals to build there useless tokens.

We have some good altcoins that are running on erc20 but you will see then moving to their own block chain later on or it will be included in  their roadmap about the future swap.

The reason why I like tron block chain is the ability to get rid of fake tokens running on tron blockchain if ethereum can do this it will help a lot.

My answer is too many shitcoins are based on erc20.

in the matter of shitcoin I don't blame the Erc-20 platform because this platform actually has really helped professionals to build an altcoin to launch to the market to trade ... but in my opinion this is the fault of the people who built altcoin just to make a profit personally by tricking investors and in the end altcoin is abandoned so we call it shitcoin ..

[dzhan]

That is because the creation of ERC20 tokens is simple and easy for everyone having the minimum basic knowledge about Ethereum platform, and smart contracts. That is why there is plenty of people creating these tokens just for fun, some others created their tokens for serious goals but failed to reach success.

[Ss4sukE]

I also feel that so many dead coins are generated from the erc20 platfrom and that is because projects that use the erc20 platfrom cannot be developed properly so there is no demand for that altcoin. Well developed coins will certainly have a lot of demand in the market

[zzortyx]

I think that the Ethereum-based platform ERC20 itself has nothing to do with it. Shitcoins are doing projects which have collapsed, or was originally conceived as a scam. But the reputation of Ethereum suffers from this.

[Coin BTC]

If we start counting all useless tokens in crypto space you will notice that most of this useless tokens are running on erc20 block chain ,many good altcoins ive came across have separate owned block chain and they are plain better, I guess the reason we have too many shit altcoins in crypto space is because of the flexibility of erc20 ,making it easy for unprofessionals to build there useless tokens.

We have some good altcoins that are running on erc20 but you will see then moving to their own block chain later on or it will be included in  their roadmap about the future swap.

The reason why I like tron block chain is the ability to get rid of fake tokens running on tron blockchain if ethereum can do this it will help a lot.

My answer is too many shitcoins are based on erc20.

To make ERC20 tokens is indeed very easy. Almost all of us can make ERC20 tokens. I think this is not a block chain problem that makes this token become trash or has no selling value. But the platform developed by parties using the ERC20 block chain does not work.
Tether (USDT) also uses the ERC20 blockchain, but they are running well. Even this coin has the same function as using a separate blockchain (Omni).
I think this is not a matter of blockchain being used, but rather who uses the blockchain.

[acoco]

If we start counting all useless tokens in crypto space you will notice that most of this useless tokens are running on erc20 block chain ,many good altcoins ive came across have separate owned block chain and they are plain better, I guess the reason we have too many shit altcoins in crypto space is because of the flexibility of erc20 ,making it easy for unprofessionals to build there useless tokens.

We have some good altcoins that are running on erc20 but you will see then moving to their own block chain later on or it will be included in  their roadmap about the future swap.

The reason why I like tron block chain is the ability to get rid of fake tokens running on tron blockchain if ethereum can do this it will help a lot.

My answer is too many shitcoins are based on erc20.

To make ERC20 tokens is indeed very easy. Almost all of us can make ERC20 tokens. I think this is not a block chain problem that makes this token become trash or has no selling value. But the platform developed by parties using the ERC20 block chain does not work.
Tether (USDT) also uses the ERC20 blockchain, but they are running well. Even this coin has the same function as using a separate blockchain (Omni).
I think this is not a matter of blockchain being used, but rather who uses the blockchain.

Ethereum is constantly evolving, and is moving to Ethereum 2.0, there will be many new products and different standards, not only erc20, so I would prefer this cryptocurrency to the throne

[trickyriky]

If we start counting all useless tokens in crypto space you will notice that most of this useless tokens are running on erc20 block chain ,many good altcoins ive came across have separate owned block chain and they are plain better, I guess the reason we have too many shit altcoins in crypto space is because of the flexibility of erc20 ,making it easy for unprofessionals to build there useless tokens.

We have some good altcoins that are running on erc20 but you will see then moving to their own block chain later on or it will be included in  their roadmap about the future swap.

The reason why I like tron block chain is the ability to get rid of fake tokens running on tron blockchain if ethereum can do this it will help a lot.

My answer is too many shitcoins are based on erc20.

To make ERC20 tokens is indeed very easy. Almost all of us can make ERC20 tokens. I think this is not a block chain problem that makes this token become trash or has no selling value. But the platform developed by parties using the ERC20 block chain does not work.
Tether (USDT) also uses the ERC20 blockchain, but they are running well. Even this coin has the same function as using a separate blockchain (Omni).
I think this is not a matter of blockchain being used, but rather who uses the blockchain.

Ethereum is constantly evolving, and is moving to Ethereum 2.0, there will be many new products and different standards, not only erc20, so I would prefer this cryptocurrency to the throne

The ERC-20 protocol is not always sufficient for token purposes. This is only the basis for the creation of Ethereum tokens, which does not guarantee their benefits, value or performance. ERC20 is also cryptocurrency that is created on the base of Ethereum blockchain.
Shitcoins, unfortunately, can be also released. However, ERC20 standard is still very useful, and it will be used long although ICO scams affected it negatively.

[renault18turbo]

Ethereum is relatively easy to launch your token in 5 minutes if you are a skilled dev or atleast tech person. To run a irdrop is a letter of one ethereum for couple of hundred of addresses.

[tabas]

And it's now at its worst because many developers are offering a service for the creation of new erc20 tokens. It seems to be easy for them to create a new token without real use.
And with the investors mindset that it's easy to make money by producing such useless coins will make them buy those service. But in the end those kind of coins will die slowly.

[5thFear]

There are alot of coins that were based on ERC20 and they were not shit. Alot of them did gave good profits to their users and the bounty hunters. So being ERC20 has nothing to do with the quality of a token. A good team can make any project good and a bad team can ruin even a good project.

[Ranly123]

And it's now at its worst because many developers are offering a service for the creation of new erc20 tokens. It seems to be easy for them to create a new token without real use.
And with the investors mindset that it's easy to make money by producing such useless coins will make them buy those service. But in the end those kind of coins will die slowly.

Not all but most of erc20 tokens die fast after hitting exchange which leads the mindset of investors to dump after listing. Now, what we need is the solution to this issue since it's been here for a long time. Hopefully this can be resolved.

[adekogbe]

it is anything but an issue from Ethereum that they have set up a open source blockchain for making tokens with ethereum chains. they obviously had idea about what was going on now. The problems lies however with the projects using the ethereum blockchain and they really can be better.
That is why a form of regulation is needed in the crypto space

[setialovers]

If we start counting all useless tokens in crypto space you will notice that most of this useless tokens are running on erc20 block chain ,many good altcoins ive came across have separate owned block chain and they are plain better, I guess the reason we have too many shit altcoins in crypto space is because of the flexibility of erc20 ,making it easy for unprofessionals to build there useless tokens.

We have some good altcoins that are running on erc20 but you will see then moving to their own block chain later on or it will be included in  their roadmap about the future swap.

The reason why I like tron block chain is the ability to get rid of fake tokens running on tron blockchain if ethereum can do this it will help a lot.

My answer is too many shitcoins are based on erc20.

Lots of shitcoin on ERC20 because ethereum is the most popular network and it's also easy for people to make tokens on the ethereum network. BNB Coin is now starting to be glimpsed by many new projects and I think if later the BNB Chain becomes popular, there will also be a lot of shitcoin that will be made on the BNB Chain.