Need of the hour

[kentrolla]

There are thousands of altcoins and if you can find dozens of altcoins unerr every segment let it be a pyment or wallet, green energy, asset backed but what is the need of the hour? What's the technology which we are longing for when it comes to altcoin? Because have duplicates of existing technologies will kill altcoin so we need a better altcoin based on current circumstances and future. Kindly share your thoughts about the kind of technology which we need.

[LbtalkL]

Actually we dont need new altcoin anymore it is already there the only thing we need to do is support and use it. There are already a lot of good altcoins like ETH, XLM. etc. If these blockchain gets more use cases it will benefit the rest of us. It just needs adoption. Some people create their own altcoin just to earn money and not to spread cryptocurrency adoption.

[leowonderful]

It's true that we do have a lot of different altcoins that are all aiming for the same often narrow target audience, but I don't agree that we don't need more newer altcoins because innovations are constantly happening and the market weeds out unnecessary coins naturally. There's still plenty of interesting new developments happening in the altcoin world.

As for what specific new technologies are needed for altcoins, I can't personally come up with one off the top of my head. There's certainly plenty of areas that need improvement, though.

[chennappa121]

Yes brother you are right there are lots of projects based same concepts and it keep increasing day by day so better to stop supporting those duplicate projects and support which is genuine and good for investors. manybe it can help to reduce those duplicate projects.

[cytpoway121]

There are several altcoins token, with replicas and same operation all over their whitepapers.
And the issue is that, most of these altcoin do not create any product, just create the platform and move on.

What we need now, is working products or protocols in the crypto space, which will create value for man and investments.

[Yaunfitda]

There are thousands of altcoins and if you can find dozens of altcoins unerr every segment let it be a pyment or wallet, green energy, asset backed but what is the need of the hour? What's the technology which we are longing for when it comes to altcoin? Because have duplicates of existing technologies will kill altcoin so we need a better altcoin based on current circumstances and future. Kindly share your thoughts about the kind of technology which we need.

Market is already saturated with many projects that will solved existing economic and social problems. Maybe some of them really did help specially in the pharmaceuticals or in drugs/medicine industry, but still there are a lot that needs to be desire.

I guess the basics, water and electricity conservations/consumptions, projects that can help and save lives in continents like Asia and Africa. As for the duplicate project, yes it's true some are just copy cat and didn't offer anything new in the table.

[jossiel]

There are thousands of altcoins and if you can find dozens of altcoins unerr every segment let it be a pyment or wallet, green energy, asset backed but what is the need of the hour? What's the technology which we are longing for when it comes to altcoin? Because have duplicates of existing technologies will kill altcoin so we need a better altcoin based on current circumstances and future. Kindly share your thoughts about the kind of technology which we need.

They just won't stop. They keep on replacing and re-innovating the existing projects which they think lacks of something which they ends up creating a new one and adding to the massive number of altcoins in the circulation.

It's not anymore valid to see such new projects because we have existing ones. We need to reduce them as much as possible and determine what are the useful projects which we can apply with real use cases.

[kentrolla]

There are thousands of altcoins and if you can find dozens of altcoins unerr every segment let it be a pyment or wallet, green energy, asset backed but what is the need of the hour? What's the technology which we are longing for when it comes to altcoin? Because have duplicates of existing technologies will kill altcoin so we need a better altcoin based on current circumstances and future. Kindly share your thoughts about the kind of technology which we need.

They just won't stop. They keep on replacing and re-innovating the existing projects which they think lacks of something which they ends up creating a new one and adding to the massive number of altcoins in the circulation.

It's not anymore valid to see such new projects because we have existing ones. We need to reduce them as much as possible and determine what are the useful projects which we can apply with real use cases.

Yes instead of launching new projects which is just an updated version of existing projects the developers needs to work on existing projects and upgrade the same projects because it doesn't make sense to launch a new project every time they need new technology or missing link. Already investors and users have stopped believing in new projects as they think it's a scam by default due to past experience. I think either the developers need to upgrade the project or else the come up with a new project based on the technology which is unique and different from the existing ones.

[Novatech8]

We don't need new coins in crypto space anymore, every places that needs coins have been filled already, many new coins coming out this days are repetitive projects claiming to be better than the old coins but they always fail, enough is enough

[BitTraderCute]

Yes brother you are right there are lots of projects based same concepts and it keep increasing day by day so better to stop supporting those duplicate projects and support which is genuine and good for investors. manybe it can help to reduce those duplicate projects.

one of them must have the unique feature that make it difference with the duplicate. not all same concept projects were bad, they could cover the weakness each other . if we found this projects maybe we must choose one of them that have active developers which is regularly send an update about product developtment.

[Krislaw]

There are already enough altcoins in the market which most of them dont even have a usecase. Most of their founders doesn't work on usecase but after price and making profits. There are many dirty games and manipulations between token projects and exchanges. Reason why it's hard for crypto to gain recognition and approval.
What needed now is for potential ones on ground to work on their product and not focus much on price

[mahilchii]

Yes brother you are right there are lots of projects based same concepts and it keep increasing day by day so better to stop supporting those duplicate projects and support which is genuine and good for investors. manybe it can help to reduce those duplicate projects.

Exactly, selecting a good project will help us to grow more rather than expecting something from shit projects. As most of the Investors have already lost faith in new project lts better to focus on some unique projects like ETH, XRP, TRON etc. In my perspective the duplicate project will remain in this crypto forum forever, we have to be careful and select a valid one to safeguard ourself.

[noorman0]

Actually there are still many blockchain technologies that we need currently in various aspects of life. However, there is no company that really creates technology without bringing new altcoin to adopt it.

I think, existing altcoins can be implemented into it as their financial system. It can even determine the best altcoin on the marketcap list to allow faster mass adoption.

[Ucy]

I think a good rating system will sort most of the problems out. If we have things like that, and it's very effective, fast, with little to no biases, it will help many sites list those with reasonable scores and avoid the scams. And it will also help investors avoid scams.
Developing crypto projects will remain permissionless/trustless, but only the sounds, decentralized, useful, safe projects will be more visible in Crypto/decentralized communities.

[PuertoLibre]

How do you find the main points for filtering the useless altcoin projects? If you have such a strong filtering mechanism, I will suggest comparing the existing tools for finding the better one and "filter" the worst solution. The best solution doesn't exist, so teams keep digging. At the end, it is all about the financial revolution and competition.

[cryptoangel]

All are expecting secure altcoin, but it is not a simple task so once it is secure we need regulation and legalization of the government, so automatically it is is centralised currency. I hope centralised currency is better to secure of decentralized platform, The current scenario many governments are accepting cryptocurrency so Bitcoin is occupy the major role in Crypto platform. nowadays all the altcoins are stay in backward so Bitcoin is the profitable secure investment in crypto platform.

[JCviggen]

many altcoins that exist in the same areas are justified by the fact that now it is not clear which coins can actually develop in the future. competition is constantly growing because old projects begin to face development difficulties and cannot solve them. at this moment, smart people create new projects and become better than old ones. this will happen until a universal project will be created

[jossiel]

They just won't stop. They keep on replacing and re-innovating the existing projects which they think lacks of something which they ends up creating a new one and adding to the massive number of altcoins in the circulation.

It's not anymore valid to see such new projects because we have existing ones. We need to reduce them as much as possible and determine what are the useful projects which we can apply with real use cases.

Yes instead of launching new projects which is just an updated version of existing projects the developers needs to work on existing projects and upgrade the same projects because it doesn't make sense to launch a new project every time they need new technology or missing link. Already investors and users have stopped believing in new projects as they think it's a scam by default due to past experience. I think either the developers need to upgrade the project or else the come up with a new project based on the technology which is unique and different from the existing ones.

It's no longer valid for investors to look out for the new projects because they're all the same. No new solutions, no new offers and just plain project that was made even before.

The ideas that are coming are the same so there's really no need for investors to watch for the upcoming ones. It's hard to restore the faith of the investors if many of them were frustrated and lost money due to this.

[Iyanu14]

There are thousands of altcoins and if you can find dozens of altcoins unerr every segment let it be a pyment or wallet, green energy, asset backed but what is the need of the hour? What's the technology which we are longing for when it comes to altcoin? Because have duplicates of existing technologies will kill altcoin so we need a better altcoin based on current circumstances and future. Kindly share your thoughts about the kind of technology which we need.

Yeah, that's a good opinion which I definitely share part of it.  However, I want to look at it in another direction.  It is true that we need new coins with new idea and technology different from duplicating and packaging of existing ideas. But even the existing ones, how far have they gone in executing or working towards the delivering of mouthwatering ideas they presented in their white papers initially?  Many have gone to extinctions for sure.  I am of the opinion that, if new coin still want to work on existing idea and make it work better than the existing ones, then I am fine with it rather than developing new ideas that will be short lived.  Improving on existing idea or technology is not bad to me.

[ethereumhunter]

The new project will always release because the crypto industry will attract many people to try to make money. People with having skills in crypto technology will create a new project and invite many people to invest in them. I think it is our job to be selective for the project that can help us to make money and we should filter the coins in the market. However, it still difficult to stop new coins releasing to the market because we know that right now, many markets are trying to list the new coins in their site.