Post
Topic
Board Altcoin Discussion
Re: describe your ideal altcoin
by
@sriyan
on 11/09/2023, 08:20:16 UTC
I propose you to describe your ideal altcoin. Please, focus on the product and technology. Follow these rules:

1) Don't mention cryptocurrencies, project names, brands, etc.

2) Don't mention potential revenue, high returns, limited supply, deflationary economics, staking revenues, benefits to early adopters, airdrops or any other form of benefits associated with tokenomics.

3) Don't mention people behind the project and their qualities.

4) Don't mention wide adoption, exposure in media, good perception of the product, faithful community, listings on exchanges, and etc.

5) Wishful thinking is not prohibited but try to be realistic.
There are some proof of work altcoins. So you can do the mining and earn some revenue.  But the problem is there is no big ecosystem of proof of work altcoins. If you can build the dapp on the proof of work blockchains, that have more security than the other projects. Because it is a layer 1 project.

Eg :
1. Security
2. Decentralization