Post
Topic
Board Bitcoin Discussion
Re: Coins real or fake?
by
kimochidesh
on 17/12/2017, 21:50:46 UTC
How did these new coins come about, there are so many. Are they owned by company? There are some with weird names. Are they all real or fake?

You mean alt-coins. As you know crypto-market is decentralized and unregulated so anyone with a new idea and technological backup can develop its own coin either by creating its own blockchain or on ETH platform. So if a coin has its own blockchain, it is not FAKE.
But question rises about its authentication, a lot of new ICO's are launched every day but most of them came out as a scam at the end. We should check the background of the developers of these ICO's to validate its authentication + the purpose of its development. If both these things are up to the mark then the coin is authenticated.