Post
Topic
Board Economics
Re: The Reason For Creating a New Cryptocurrency?
by
tylerderden
on 12/08/2018, 19:51:32 UTC
The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?
The new cryptocurrencies are made to solve a problem but the people are greedy and copy the previously existing projects to make a new project and monetize on it and that makes another cryptocurrency, this creates spam in the market and that's the reason why more than 1500 cryptocurrencies are currently being traded inside the market. Only a few cryptocurrencies out of all these thousands crypto serve the sole purpose of rooting out the existing problems in real world and rest are just waste.