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Author Topic: Fastest cryptocurrency blockchain to make a token  (Read 525 times)
fakefrombot (OP)
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August 27, 2020, 10:43:07 AM
 #1

Hello,

I need to do an own token or altcoin but can’t consider on which blockchain to base it? I need FASTEST one... so that transactions were confirmed in a few secs. So it shouldn’t be an Ethereum blockchain but something else.

Please let me know which blockchain to use for creating token/altcoin over it.

Thanks.
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August 27, 2020, 11:10:57 AM
 #2

I just try suggest you to use TRON or POLKADOT. DOT is a new project but some defi have already started to use DOT tokenization as it was having a very good scalability.

EOS is not a good blockchain to be used for the tokenization purpose but you can also put chainlink on that list too.

TRON, DOT and LINK platforms. These platform are the best platform for the tokenization purpose at this moment.
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August 27, 2020, 11:18:37 AM
 #3

Hello,

I need to do an own token or altcoin but can’t consider on which blockchain to base it? I need FASTEST one... so that transactions were confirmed in a few secs. So it shouldn’t be an Ethereum blockchain but something else.

Please let me know which blockchain to use for creating token/altcoin over it.

Thanks.
There are lots of blockchains out there that can be used as a base for your token, but I think the best and easiest way of making them is ETH. You may be able to make it on another blockchain, but the enthusiasts are not as much as you are making it on the ETH platform. ETH also has fast transaction speeds, it's just that currently there are many transactions that make GAS prices expensive, so transactions with low GAS are difficult to confirm.
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August 27, 2020, 11:28:36 AM
 #4

You can simply create tokens at stellar, tron or waves if you want to exclude ethereum network but to be honest my personal choice would still be ethereum because it provides so many benefits related to listings and dexes etc. As far as scalability issues are concerned they are being worked out too and soon ethereum network will be the top choice again for dapps and tokenization.

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August 27, 2020, 11:32:05 AM
 #5

Hello,

I need to do an own token or altcoin but can’t consider on which blockchain to base it? I need FASTEST one... so that transactions were confirmed in a few secs. So it shouldn’t be an Ethereum blockchain but something else.

Please let me know which blockchain to use for creating token/altcoin over it.

Thanks.

If you want a token and you don't have a lot of coding skills, go for Ethereum or NEO - the transactions are confirmed in ~15 secs on both.
If you have some coding skills I suggest to make a fork of a coin like Nano, Stellar (Ripple) (5-10 secs block time), among the fastest around.

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August 27, 2020, 11:36:38 AM
 #6

I need to do an own token or altcoin but can’t consider on which blockchain to base it? I need FASTEST one... so that transactions were confirmed in a few secs. So it shouldn’t be an Ethereum blockchain but something else.
If youre gonna create one, then ethereum is no doubt tjr simplest way to create the only verdict is that the gas fee is high and transaction is not like other platform.

Tron is faster than eth but Im not sure whether creating the trc20 is as easy when you deploy a smart contract on ethereum network.

You can also try klay blockchain but Im not sure if they already releasing tokens on klay network.



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August 27, 2020, 11:40:27 AM
 #7

Create your own and make it as your wish but creating token on other blockchain may not meet all your criteria once your project got successful.And also make it as zero transaction fee blockchain so no one will be hard time having while sending. Tongue









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August 27, 2020, 11:47:31 AM
 #8

There are many platforms to use but it will be based on your main purpose for that transactions or your project classification. ETH been popular in many ICOs before but we can't deny that it's getting crowded that cause slow transaction as well high fees. Waves also list many projects those days.  You can also try EOS platform or it can be an option too since it's not just popular for games or Dapps but also in some otge projects relating to finance or wallet.

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August 27, 2020, 12:45:23 PM
 #9

You could also try Minter Network as its transaction speed is very fast compared to other networks which averages in less than 5 seconds per transaction and has an easy to use interface for token creation.

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August 27, 2020, 01:06:39 PM
 #10

Waves has many projects but the problem is that the coin is not as popular as it has been a few years ago. Also so many projects that used the Waves platform also did not fare well compared to the coins like Ethereum or EOS Platform. Many of those who wants to have a token should have preferred Ethereum but it is getting slow transfers due to congestion because of so many tokens that uses the token at a daily basis. You can try Tron also, but my reason I recommended that is simply because I think it has fewer projects that used it, hence faster processes.

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August 27, 2020, 01:44:00 PM
 #11

The Ethereum blockchain is the best choice overall. Easy to use and more trusted as compared to the likes of TRON and EOS. In terms of speed, it only takes approximately 25 seconds for Ethereum to validate a single block. There must be a valid reason why Ethereum is the consistent top choice among all other blockchains.
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August 27, 2020, 01:48:14 PM
 #12

Hello,

I need to do an own token or altcoin but can’t consider on which blockchain to base it? I need FASTEST one... so that transactions were confirmed in a few secs. So it shouldn’t be an Ethereum blockchain but something else.

Please let me know which blockchain to use for creating token/altcoin over it.

Thanks.

waves if you are looking for a platform that you can easily build token also with lower and fast transaction compare to ETH.

Alternative option is  Tron f this is one of the popular token maker aside from ethereum platform.

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August 27, 2020, 02:01:12 PM
 #13

Why do you need a fastest blockchain really for? Why do you need a fast confirmation? Despite fast transaction confirmation speed, pay also attention to transaction cost and overall popularity of blockchain. Ethereum seems to be NOT your option, NEO is something from different planet and it might be hard to create a token on it. Tron - you will face some inconvenience like bandwidth, energy. Maybe Waves is your best option?

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August 27, 2020, 02:15:14 PM
 #14

Ethereum Blockchain is the best choice for creating your token, Ethereum Blockchain has been the first choice for a long time for creating a Token.
And for busy network problems, you can check on http://ethgasstation.info to get the ideal transaction speed.

And Tron Blockchain, Waves Blockchain, and ChainLink Blockchain can be on your list.
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August 27, 2020, 02:38:46 PM
 #15

use the TRX blockchain. I believe that this is the best blockchain for new projects. create a coin very cheap / network fees are the lowest / blockchain is very fast

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August 27, 2020, 03:05:12 PM
 #16

What's the purpose of your token creation? Other members have been suggesting you to go with Ethereum as it's the most used blockchain and smart contract.
But I understand why you don't want it because of the network fees and delay that it has. You don't have to worry about it as it's Ethereum itself and not its ERC20 tokens.



 

 

 

 

 

 


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August 27, 2020, 03:36:07 PM
 #17

I would choose Waves or Minter blockchain. I think these are two of the most relevant blockchains for new projects. It is also important to understand the reason of creating your project in order to make the right choice.

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August 27, 2020, 03:44:01 PM
 #18

What's the purpose of your token creation? Other members have been suggesting you to go with Ethereum as it's the most used blockchain and smart contract.
But I understand why you don't want it because of the network fees and delay that it has. You don't have to worry about it as it's Ethereum itself and not its ERC20 tokens.
if transaction fee be main problem for ethereum smart contract, maybe tron platform could be the solution or maybe polkadot that recently booming. these platform give us convenience for contract creating and also in tron or polkadot it have better than ethereum. investors already bored with ethereum network trouble and they have to find solution for it.

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August 27, 2020, 03:50:37 PM
 #19

If you want a token and you don't have a lot of coding skills, go for Ethereum or NEO - the transactions are confirmed in ~15 secs on both.
If you have some coding skills I suggest to make a fork of a coin like Nano, Stellar (Ripple) (5-10 secs block time), among the fastest around.
I don't know how fast NEO's transaction speed is, so i can't comment anything but I know exactly about ethereum, ethereum transaction is not fast. Yes, you can make it fast but the fee will be so high too. Based on my experience waves is faster, i can't say this is the fastest, and don't forget waves transaction fee is so low, 2 Benefits of waves
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August 27, 2020, 03:56:45 PM
 #20

If you have no experience in coding, I suggest Tron blockchain, the transaction is fast and very easy. Tron advantages are very cheap transaction fees and have a large community.

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