Yes I know it's definitely bringing competition into the crypto market where by if a coin is not doing properly another one will be doing quiet alright. And moreover we still have coins that corrects the error of other coins.... Just like the way Bch, Litecoin Xrp and Tron, are good for transactions cos of lower gas fee, which are huge with Ethereum and Bitcoin. Still yet I don't think they should be that many.
Yes, for example, if I do business with Coinbase, then I only need ETH, which has been going up and down a little bit recently than I expected.
No, it is complete Bitcoin, short payment of 3 BTC will only provide basic features, while 12 BTC will help even in creating white paper, promoting and developing.
This will need a long term, and it is possible to later create our own blockchain/ Smart contract for further development. This is going to either have large investment, or several works done together.
3 to 12 bitcoin is a very huge amount of money you are mentioning here or could it be that you mean bitcoin Satoshi. Personally I believe that we must spend money if we want to have our own coin launched and that's coming together is a big challenge and a factor.
Everything depends on how much we provide, there are many experts available in the market, we need to pay their fees and they will develope, promote and will even write whitepapers for the coin. There are different platforms online too, but they charges 3 to 12 bitcoins or different other fees.
This is a very good plan though there are more to just coming together because we need to know the cost implication of launching a coin the opportunities in it and the likely reward we are going to hand from it and possibly how long it will take for the coin to be launched.
There are more than 35k ERC tokens, and if we combine other blockchains like BSC, TRON, Polca etc, then there are too many to count.
Laughs, this one is very hilarious indeed. Just as I've answered earlier on, those Cryptocurrencies where created to serve their own unique purpose. The creators wants to benefit also, and not just BTC, ETH, BNB etc, coin owners got the entire benefit in digital coin market. That's the essence of them coming into limelight too.
Lol, many coins have their purposes why they're around. Since those ones you mentioned have helped curtailed the price of ETH and BTC high gas fee. That's how other lower coins are fulfilling their own objective why they're around.
Yeah sure, the advancement of technologies is moving fast in this century and different block chain innovations are emerging on often and often. However, because of that, weay continue to have lots and several kinds of coins being produced and released to the market, but I just think cryptocurrencies project should be confirmed before it's released.
Though I don't know how correct Google is but I read it on a crypto article that we have over that amount but whichever way it is, having 4000 crypt currencies are still many to me and i think everyone is entitled to their own opinion. That's why I think that crypto regulators should be established to regulate the amount of crypto coming in to crypto market.
Yeah many coins are useless in the cryptverse and sure need to be regulated. However, I thought I have mentioned Litecoin and BCH among the cryptocurrencies I mentioned up there which are good for transactions which doesn't demand too much gas fee. So that's it.
