ERC20 gives birth to too many shitcoins

[Koobtcgal]

This is an undisputable fact. I usually discuss this with my friends that because it is easy to create tokens, many people have used that to scam others by creating tokens within a few hours. They do not need any computers to run any thing on so they create and miners on the ether blockchain will do all for him or her and watch his money grow. But since this is a decentralized world, there is probably nothing we can do to stop this.

[kalstarzz]

it is true that tokens that intertwine with many ethereum bases are useless and tend to get to the point, and actually as much as ethereum launching shitcoin will not be a problem, if the situation is different (not to waste). this must be a correction for Team ethereum to tighten their shitcoin launch.

[Emilyp]

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.

Erc20 came as the first blockchain where Dapps can be launched many projects took the ample opportunity coupled with the ICOs boom and cryptocurrency boom of 2017,lots of projects were born. Deploying smart contract was made easy through Eth blockchain.

[omnik]

This is an undisputable fact. I usually discuss this with my friends that because it is easy to create tokens, many people have used that to scam others by creating tokens within a few hours. They do not need any computers to run any thing on so they create and miners on the ether blockchain will do all for him or her and watch his money grow. But since this is a decentralized world, there is probably nothing we can do to stop this.

The ethereum blockchain is totally under control of the ethereum developers and ethereum developer is the only party who can create a proposal to create a big change to the requirements to create a new contract address. To create a contract and a user need to download the whole of blockchain of ethereum. I agree with you it's too easy to issue a new asset and that must be changed to give more prevention to the scammer.

[Krislaw]

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Not only token or currency can use and make using erc20, this is blockchain technology have future for alot of purpose different other and behinde currency.
other country use for data manufacturing and transfering citizen data to keep save.