It seems that many projects still think there can be growth opportunities thanks to relying on successful coins in the market. To me, it's a redundant product in the crypto space, why don't people spend time researching new and more interesting things instead of creating copy.
Its not a problem if the copy project try to give additional value on its project, because sometimes the community of the copied project didnt want any change of its project. Example, Ethereum is a copy (fork) from Ethereum Classic, or Bitcoin Cash which try to solve some Bitcoin problem. But i agree, some project just copycat the name and value of the copied project which make the project becoming an useless one.
I agree... But things in the crypto universe change at the speed of light, and the added value of a project must be considered within its chronological context IMHO.
The added value of 0xbitcoin, at that time when it was born more than 3 years ago, was that the PoW was implemented into the EVM, making Ethereum a solid shield against 51% attacks, while keeping mining cheap due to low gas fees (for example, check
this token minting transaction of 1047 days ago).
No one had the idea at that time that Ethereum gas fees would become ridiculously high as today due to the DeFi.
The smart contracts are immutable, but the context changes fastly and deeply, and IMHO 0xbitcoin, as many other promising projects, suffer from this condition.
For this reason we moved to the Binance Smart Chain, which today represents something promising.
Are you the original dev on 0xBitcoin? I hear ya on the gas fees, they are ridiculous right now. I haven't delved much deeper into rollups and other scaling solutions on Ethereum blockchain, but Matic seems to be the go to these days for many projects.
Could 0xBitcoin minting be moved to a L2 solution? I feel that would help reduce smart contract execution costs somewhat.