Looking at the Top 70 Altcoins by the Problems They’re Looking to Solve

http://ethereumworldnews.com/looking-top-70-altcoins-problems-theyre-looking-solve/

by arikr • 9 years ago

21 4 9 years ago

Litecoin
Problem: Originally ASIC miners pushing out GPU miners from >Bitcoin, recently, all the drama in Bitcoin is making people >look for a backup Bitcoin.

This is incorrect. Litecoin was created to be silver to Bitcoins gold. Litecoin was also around long before ASICs entered the bitcoin mining arms race. I will agree that it was partially designed to increase decentralization of mining however by preventing or slowing the introduction of ASIC mining. However this does mean more inefficient GPU miners are required.

davidgerard• 9 years ago

yeah. The problem pretty much every altcoin, and indeed ICO token, was created to solve was: maybe if I invent my own magical Internet money, I can get rich for free too!

tstyle• 9 years ago

The cryptocurrency market is so volatile that probably 30% of the list(made in July) is no longer in the top 70.

soared• 9 years ago

This is beautiful to read because its not a formal summary for each coin, its a laymen's explanation and a little color commentary. My favorites so far:

DigiByte Problem: Bitcoin’s development is too slow? I can’t really find much of a direction for DigiByte.
DigixDAO Problem: Purchasing custodial gold requires too much trust and would be more efficient on a blockchain.
Nexus Problem: Why aren’t digital currencies in space yet?

Looking at the Top 70 Altcoins by the Problems They’re Looking to Solve

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