Post
Topic
Board Announcements (Altcoins)
Re: (JWL) JEWELS 🔷MMORPG 🔷 ICO OVER 🔷 TRUSTED DEV 🔷 337 BTC RAISED!
by
FandangledGizmo
on 01/09/2016, 18:06:48 UTC
Devs, can you give some insight on the below?

BTW why use a separate blockchain and not tokens like Spells of Genesis that are easier to manage from a generic Omni or Counterparty wallet? Is it to allow inflation via staking? If that's the reason, what would make inflation necessary here while it's not for SoG's BitCrystals?

BTW why use a separate blockchain and not tokens like Spells of Genesis that are easier to manage from a generic Omni or Counterparty wallet? Is it to allow inflation via staking? If that's the reason, what would make inflation necessary here while it's not for SoG's BitCrystals?

Or to issue an asset on BitShares which Peerplays is on https://bitshares.openledger.info
There are many platforms where assets can be registered and traded: BitShares, NXT, Ripple, (someday maybe) Waves, Ethereum, Omni and Counterparty.
But so far, the most widely used in the altcoin world are Omni (MAID, AMP, AGRS, ) and Counterparty (BCY + SoG cards,  SJCX), and since they are widely used every exchange support them already and can trivially add support for a new asset, which also means that a new coin implemented as an Omni or Counterparty token will probably have less difficulty convincing an exchange to list them. It's also easier to get listed on coinmarketcap since all they need to do is track the asset on any Omni or Counterparty block explorer they already support.

Poloniex, Bittrex, BTC38, Yunbi etc. already support BitShares based assets, (See BitCNY) so I don't think that's a big issue. If you ever tried to use the BitShares blockchain you'll see it's incredibly fast, transactions done in a few seconds etc. So personally BitShares would be no.1 for me as the speed and T/Sec also allows for blockchain based gambling and other advanced options that some projects may want to expand into like PeerPlays.  

However given as you say SOG cards are already on XCP, soon Force of Will too, then XCP may be the best asset issuance option for a lot of projects if it's where all blockchain based players/collectors already are.