Hi All,
Please help me understand in plain English how will we benefit from so many currencies?
I see so many startups with decentralized blockchain ideas with their own crypto currency.
Today I purchased oatmeal directly from a mill at their website.
This mill sells its products thru grocers and other online stores as well.
They probably gave 3% to the credit card company, which they could reduce by using blockchain.
But if every store and every business starts creating their own currency, then I will have to go thru an exchange to convert BTC or ETH to that coin to make some purchase.
Then we would need miners to process all those transactions in various coins.
Why can't they just use ETH? Just like all IPOs use dollars.
Thanks in advance
In actual this world is full of all types of the people and as we know that everyone in this world is free from every type of the work to do and make any type of the experiment to show his talent .
So with these conditions many people enters in this field and make Thier own coin to make profit from ICOs Investment and also few people are making coin to compete high level coin and want to give more perfection in the technology of the cryptocurrency .
So they we are seeing lots of cryptourrency in this field Field of online world .
But here at another side we can see that there is a option for us also to make earnings from new new ICOs Investment of new new coins and also due to availability of more numbers of the coins people go with the Investment in multiple coins and that will increase demand of the bitcoin as a Investment asset .