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Author Topic: What features are now expected from cryptocurrencies?  (Read 171 times)
MundoCoin (OP)
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August 22, 2023, 08:48:15 AM
 #1

There are a lot of cryptocurrencies on the market right now, from those that focus on privacy to those that focus on development.
What other features or technologies are out there that people are hoping to get?
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August 22, 2023, 12:34:21 PM
 #2

Nothing.

If someone want a decentralized coin, pseudonymous, high security and will never turn become a scam coin, they can choose Bitcoin.

If someone want a privacy oriented coin and completely anonymous, they can choose Monero.

If someone want a centralized coin and there's a chance the project turn become scam, they can choose any coins including the coin you created e.g. MundoCoin.

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August 22, 2023, 12:59:02 PM
 #3

I agree with @Apocollapse above.
There's really not much that can be done since many projects are already created. Actually, they just keep on recycling all those projects that were made during the ICO hype.
As long as something can prove his reputation, will not end up as a scam coin, and is backed by an item that can be prove worthy then I guess it's a good-to-go feature.
We don't need those coins that create too much hype by just using the name of another coin or a popular person like a billionaire. They will all just end up either dust, a scam, or a rug pull project.

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August 22, 2023, 01:13:09 PM
 #4

There are a lot of cryptocurrencies on the market right now, from those that focus on privacy to those that focus on development.
What other features or technologies are out there that people are hoping to get?

Feeless (minimal fee) and quick transactions would be a good selling points for cryptocurrency of the future. NANO, BANANO are some decent examples but we specially need them as utility tokens for dapps and dex. No one would mind paying a minimal fee like a cent when the transaction are fast but our current options have an ever changing fees and the congestion increases when there's a market trend.
So, I believe a ETH competitor with a fixed minimal fee and quick transactions is what we all expect.
Franctoshi
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August 22, 2023, 02:59:18 PM
 #5

Nothing.

If someone want a decentralized coin, pseudonymous, high security and will never turn become a scam coin, they can choose Bitcoin.

If someone want a privacy-oriented coin and completely anonymous, they can choose Monero.

If someone wants a centralized coin and there's a chance the project turn become a scam, they can choose any coin including the coin you created e.g. MundoCoin.

Obviously, Bitcoin has set a standard that will be very difficult for any promising project out there will beat.
Most of the features we would have needed we got them in Bitcoin, Then when you mention privacy coins and coins that have speedy transactions and low fees coins such as LTC, xlm, and xrp are available. The bottom line is that we have had more than enough coins existing today, Instead of bringing more coins, improvement should be done on already existing ones or projects.

R


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BitcoinWalker
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August 22, 2023, 04:06:07 PM
 #6

Anonymity! Transactions are tied to a random sequence of characters and not to the owners identity, including personal or company data. The popularity of some virtual currencies indicates the scale of demand and supply. It is practically impossible to link contracts with people or companies.

Investing with style!
 
jossiel
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August 22, 2023, 05:00:29 PM
 #7

There are a lot of cryptocurrencies on the market right now, from those that focus on privacy to those that focus on development.
What other features or technologies are out there that people are hoping to get?
Not a lot.

It seems that we've got almost everything on it. Like from having those projects that deals with renewable energy, to accounting, to anything as in.

Nothing.
We're on the same page, that's why OP if you think that there's more to it then we think that there's really no need for new ones.
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August 22, 2023, 05:36:11 PM
 #8

The most basic function of all cryptocurrencies is speculation. Everything else is secondary. The main task of an altcoin developer is to convince you to buy his coins, and he will convince you in various ways. Someone emphasizes privacy, someone emphasizes development, someone emphasizes scalability, etc. For the most part, the bulk of investors do not need all these features and developments, with rare exceptions. 99% of altcoin investors are interested in how fast an altcoin will grow so that they can sell it profitably.

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BlockchainWizard
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August 22, 2023, 06:51:17 PM
 #9

I think that a future blockchain should definitely be scalable, decentralised, sustainable, user-friendly and transparent. There are more factors, but these are the important ones for me.
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August 22, 2023, 06:59:05 PM
 #10

Nowadays, all the focus is on decentralization or I can say most of the focus on decentralization, but some of the cryptocurrencies are focusing on the blockchain technology, that they should make new features in blockchain technology which is hard to do.

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August 22, 2023, 08:52:45 PM
 #11

There are a lot of cryptocurrencies on the market right now, from those that focus on privacy to those that focus on development.
What other features or technologies are out there that people are hoping to get?

Honestly if it's something that already exists chances are that coin isn't needed and will show with buy volume and market cap.  I think what's needed is fresh new ideas that actually solve some sort of problem, last thing we need is more clone coins or tokens that do exactly what some other coin already does.

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MundoCoin (OP)
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August 22, 2023, 09:26:17 PM
 #12

Nothing.

If someone want a decentralized coin, pseudonymous, high security and will never turn become a scam coin, they can choose Bitcoin.

If someone want a privacy oriented coin and completely anonymous, they can choose Monero.

If someone want a centralized coin and there's a chance the project turn become scam, they can choose any coins including the coin you created e.g. MundoCoin.

It's perfectly fine for you to continue to hold on to your old ideas, times are changing and people's needs are increasing.
Technology is also getting newer.
If you jump to the conclusion that it's a scam just because I'm trying to understand the needs of the market, then your advice and statements are meaningless to anyone else.
MundoCoin (OP)
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August 22, 2023, 09:37:56 PM
 #13

There are a lot of cryptocurrencies on the market right now, from those that focus on privacy to those that focus on development.
What other features or technologies are out there that people are hoping to get?

Feeless (minimal fee) and quick transactions would be a good selling points for cryptocurrency of the future. NANO, BANANO are some decent examples but we specially need them as utility tokens for dapps and dex. No one would mind paying a minimal fee like a cent when the transaction are fast but our current options have an ever changing fees and the congestion increases when there's a market trend.
So, I believe a ETH competitor with a fixed minimal fee and quick transactions is what we all expect.

Thank you very much for the suggestion, I will gather this information.
MundoCoin (OP)
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August 22, 2023, 09:57:07 PM
 #14

I just do market research, collect available suggestions and incorporate them into my own projects.
You don't have to reply if you don't think it's necessary, there's no need for attacks and false accusations.
Thanks!
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August 23, 2023, 02:00:02 AM
 #15

There are a lot of cryptocurrencies on the market right now, from those that focus on privacy to those that focus on development.
What other features or technologies are out there that people are hoping to get?
It seems like that market analyzation tool is still having a good prospect for the future. I knew there are some like nansen and arkham. The only problem if these tools were not free especially nansen.
I need to pay a lot of money to subscribe it. It will be good if i will able to use a similar platform that is offering free service.

I will not put blockchain as my primary concern as we have so many feeless blockchain. I would prefer to focus into the something that will be beneficial not only for investors but for traders too.
It will be so good to have a similar platform like nansen but it's free. We don't have a lot of blockchain analyzation platform like that.

It can still offer opportunity.

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August 23, 2023, 05:11:43 AM
 #16

There are nothing feature or technologies are people hoping from investing in altcoin or bitcoin except with focus profitable only, not important when any altcoin or bitcoin have real feature or technologies adopted at the future because investor goals how to earn profit as much possible with their cryptocurrencies investment. Right now there are not any altcoin or bitcoin with real production and investors not get feature after investing in cryptocurrencies except profit only, as needed by investor how faster price up from altcoin or bitcoin investment than hope or expected with feature or technologies will adopt by cryptocurrency in the future.

Not in my mind when investing in cryptocurrency expected any feature or technology hoping, my goal when investing in bitcoin or altcoin how possible to earn profit only.

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MundoCoin (OP)
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August 23, 2023, 05:37:01 AM
 #17

There are nothing feature or technologies are people hoping from investing in altcoin or bitcoin except with focus profitable only, not important when any altcoin or bitcoin have real feature or technologies adopted at the future because investor goals how to earn profit as much possible with their cryptocurrencies investment. Right now there are not any altcoin or bitcoin with real production and investors not get feature after investing in cryptocurrencies except profit only, as needed by investor how faster price up from altcoin or bitcoin investment than hope or expected with feature or technologies will adopt by cryptocurrency in the future.

Not in my mind when investing in cryptocurrency expected any feature or technology hoping, my goal when investing in bitcoin or altcoin how possible to earn profit only.

This is indeed a widespread phenomenon at present.
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August 23, 2023, 08:01:33 AM
 #18

It's perfectly fine for you to continue to hold on to your old ideas, times are changing and people's needs are increasing.
Technology is also getting newer.
If you jump to the conclusion that it's a scam just because I'm trying to understand the needs of the market, then your advice and statements are meaningless to anyone else.
If you disagree with my opinion, it's mean you're already know the answer and you want to create your own altcoin, then why do you need to ask?

The fact is there are active contributors in Bitcoin's development until now, the project isn't abandoned and continue to give a solution about the scalability issue. If you say your project will fix scalability issue, you're wrong. Your project is still new and either no or tiny volume, unlike Bitcoin.

MundoCoin (OP)
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August 23, 2023, 08:04:28 AM
 #19

It's perfectly fine for you to continue to hold on to your old ideas, times are changing and people's needs are increasing.
Technology is also getting newer.
If you jump to the conclusion that it's a scam just because I'm trying to understand the needs of the market, then your advice and statements are meaningless to anyone else.
If you disagree with my opinion, it's mean you're already know the answer and you want to create your own altcoin, then why do you need to ask?

The fact is there are active contributors in Bitcoin's development until now, the project isn't abandoned and continue to give a solution about the scalability issue. If you say your project will fix scalability issue, you're wrong. Your project is still new and either no or tiny volume, unlike Bitcoin.

I'm just enquiring about market demand and you're calling me a fraud. Is it reasonable to make baseless accusations?
MundoCoin (OP)
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August 23, 2023, 08:13:07 AM
 #20

It's perfectly fine for you to continue to hold on to your old ideas, times are changing and people's needs are increasing.
Technology is also getting newer.
If you jump to the conclusion that it's a scam just because I'm trying to understand the needs of the market, then your advice and statements are meaningless to anyone else.
If you disagree with my opinion, it's mean you're already know the answer and you want to create your own altcoin, then why do you need to ask?

The fact is there are active contributors in Bitcoin's development until now, the project isn't abandoned and continue to give a solution about the scalability issue. If you say your project will fix scalability issue, you're wrong. Your project is still new and either no or tiny volume, unlike Bitcoin.
It's like, I ask people if the market needs new flavours of pizza and you guys say that there are enough pizza flavours on the market and that you're creating new flavours just to rip people off.
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