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Author Topic: What features are now expected from cryptocurrencies?  (Read 170 times)
yazher
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August 23, 2023, 09:21:27 AM
 #21

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?

More liquidized and more decentralized like bitcoins because this is the only way to overcome other competitors nowadays especially those who are starting to make their own crypto projects. the market has gone too far now and they should have come up with new valid things that are not only imaginations in their roadmaps which most likely are not true. What we need today are cryptocurrencies that cannot budge whatever the SEC does to them and they cannot do something about it except it is illegal internationally but as I said, if they can make another like bitcoins and have some advanced features and kinds of stuff and also being decentralized, it would be better.

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August 23, 2023, 09:47:52 AM
 #22

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?

More liquidized and more decentralized like bitcoins because this is the only way to overcome other competitors nowadays especially those who are starting to make their own crypto projects. the market has gone too far now and they should have come up with new valid things that are not only imaginations in their roadmaps which most likely are not true. What we need today are cryptocurrencies that cannot budge whatever the SEC does to them and they cannot do something about it except it is illegal internationally but as I said, if they can make another like bitcoins and have some advanced features and kinds of stuff and also being decentralized, it would be better.
Thank you for your advice.
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August 23, 2023, 09:52:07 AM
 #23

Some features that I find intriguing:
  • Proof of Stake without blockchain
  • Offline transactions
  • Decentralized high-frequency trading
  • Two-way communication between distributed ledgers
Actually you can see all open research questions in Blacknet: https://gitlab.com/blacknet-ninja/blacknet/-/issues/?label_name%5B%5D=research

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August 23, 2023, 11:51:28 AM
 #24

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?

More liquidized and more decentralized like bitcoins because this is the only way to overcome other competitors nowadays especially those who are starting to make their own crypto projects. the market has gone too far now and they should have come up with new valid things that are not only imaginations in their roadmaps which most likely are not true. What we need today are cryptocurrencies that cannot budge whatever the SEC does to them and they cannot do something about it except it is illegal internationally but as I said, if they can make another like bitcoins and have some advanced features and kinds of stuff and also being decentralized, it would be better.
A deeper basis is required for cryptocurrencies than simply copying Bitcoin's decentralization. Search the area! There are numerous initiatives on the market with roadmaps full of flimsy assurances. Their lack of vision causes them to fail.

The SEC and other foreign organizations will continue to oppose cryptocurrencies, so what you're recommending seems more like a disobedience tactic than a calculated approach. These projects should provide original and practical solutions to current issues rather than merely creating a "Bitcoin 2.0." Its not about eluding authorities but rather about building a system that is so strong and unquestionably superior that authorities will have no choice but to submit to it.

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August 23, 2023, 12:34:18 PM
 #25

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?
A bit of a contradiction here, maybe about the argument from the OP, but I think more than anyone else, how problems in life will be using crypto, not creating things to solve problems. that problem. And this relationship will work back and forth, we will see early hype about features that are supposed to solve the problem but actually are nothing, the rest is still here is btc we have over time.

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August 23, 2023, 01:18:03 PM
 #26

Honestly decentralization is the only thing I would look at for the new ones. If a project tells you to give them some money so they could keep working on it and make it something better, then I am not going to invest into it. Why would I want to give someone money so that they could build their ideal coin or token?

I could do that myself, it is not the point. They should build it, even if funded, but should build it at the start and then leave it alone. They could still get paid if they want to, for like marketing and all, or just for the work they put in already, but they should leave the coin alone after it's released. If a project could change anything at all, then I am out, that's not decentralized and I am out.

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August 23, 2023, 06:05:51 PM
 #27

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?

To be honest? I'm not really sure if there are people who are looking for features or technologies,

(a) ever heard of the term "investors"? it means that they are investing their money and looking for profits, regardless of the technology
(b) individuals who are here for just the pump and dump coins and join the bandwagon of meme coins such as shiba and doge or pepe, just a quick turn around of profits

This is just my thoughts, I might be wrong though.

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August 23, 2023, 07:51:46 PM
 #28

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?
Many coins already have "focus on development", but they are either unable to provide as what they are promising isn't yet solvable. So they provide low quality versions of their promises, but they are all smoke and mirrors and have been build top of fundamentally wrong design so they are not solving the problem they should.

Permissionless L1 that has top notch Privacy smart contracts, but at the same time tokens issued on it are regulatory friendly so that it includes the option of issuing securities. So, basically decentralized privacy combined with auditability. Solve that and you'll get my interest.

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August 23, 2023, 08:06:38 PM
 #29

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?
Quite rightly there are already a lot of cryptocurrencies in the market, and most of them either just copy the features of other coins or they promise features that they really cannot offer. I don't think we need anymore new coins, they more often than not turn out to be useless coins without any actual utility or even scam coins at the worst. Having said that, if people need a coin with an actual utility, they'd have to use Bitcoin or a few other altcoins that have utility, as for speculation, they can pick the coins they think would pump and give them ROI, but no more new coins with fake promises!

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August 24, 2023, 12:14:22 PM
 #30

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?
maybe Cryptocurrencies were expected to maintain a high level of security through cryptographic techniques and decentralized networks, reducing the risk of fraud, hacking, and central points of failure. and also Many earlier cryptocurrencies faced challenges in terms of transaction speed and scalability. Newer cryptocurrencies were expected to address these issues to enable faster and more efficient transactions, especially during periods of high network activity.

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