Money Talk

Why is nearly every new coin based on ethereum?

Submitted by RastaBanana420, , Thread ID: 88174

Thread Closed
11-05-2018, 07:12 PM
#1
Why does every fricking coin bases on ethereum? Are the people to "Dumb" or Lazy to create their own system & chain?

RE: Why is nearly every new coin based on ethereum?

#2
Because creating your own "system & chain" would require you to also require you to get your own group of miners that are capable of and willing to mine said chain in order to make that currency work. Ethereum is a good system in regards to smart contract style chains, with faster transactions then BTC, although slower then ripple. But once again, it's more so on the fact that ethereum is specific for the smart contract system and speed to do so, where other coins are not at the same level.

RE: Why is nearly every new coin based on ethereum?

#3
Looking for this for a long time. Really good dude!

RE: Why is nearly every new coin based on ethereum?

#4
Because it's so much easy to create a coin on the ethereum chain, it can take not more than 30 minutes and you will have a perfectly copy-pasted coin.

RE: Why is nearly every new coin based on ethereum?

#5
Coins based on ... will never become like the father (ethereum)

RE: Why is nearly every new coin based on ethereum?

#6
ETH enviroment, its big so it can be used not just for coins but apps aswell!

RE: Why is nearly every new coin based on ethereum?

#7
ETH is being used because everyone can create an ERC20 token. The token itself works on the ETH blockchain so no new chain need to be developed

RE: Why is nearly every new coin based on ethereum?

#8
11-05-2018, 08:51 PM
PandoraCrow Wrote:
Looking for this for a long time. Really good dude!

I like this reply because it makes absolutely no sense.

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