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
There's many currencies. All other are called Altcoins. Anyone can make there own, But you should always remember most of them are scam. Better to stuck with bitcoins and ETH. Bitcoin is the most famous currency if you're looking to invest you can chose this one. ETH isn't currency but most of people consider it as well.