Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => NEO Forum => Topic started by: troll on October 28, 2017, 06:11:07 PM

Title: Why companies don't create their own blockchain rather than use Ethereum?
Post by: troll on October 28, 2017, 06:11:07 PM
Why don't these startups fork this or that blockchain ?
Title: Re: Why companies don't create their own blockchain rather than use Ethereum?
Post by: kangjiasg on October 29, 2017, 06:02:53 PM
Because using Ethereum will save them a lot of hassle and time :) Building on some others success. Smart?
Title: Re: Why companies don't create their own blockchain rather than use Ethereum?
Post by: arong on October 30, 2017, 06:35:08 AM
NEO main chain is not fast out?
Title: Re: Why companies don't create their own blockchain rather than use Ethereum?
Post by: integrity24 on November 16, 2017, 11:48:00 AM
Too much of blockchain spoilt the cypto vine
Title: Re: Why companies don't create their own blockchain rather than use Ethereum?
Post by: KwizatzHaderach on November 17, 2017, 07:12:59 PM
Ethereum has a lot of community support and great dev team. Starting own blockchain requires a lot for each companies that just using Ethereum.
Title: Re: Why companies don't create their own blockchain rather than use Ethereum?
Post by: endlasuresh on November 24, 2017, 05:29:09 AM
Ethereum has a stable price and also supports ERC tokens so it is hassle free for them, however they can use other crypto currencis such as Dash NEO, etc.
Title: Re: Why companies don't create their own blockchain rather than use Ethereum?
Post by: Delilonia on November 29, 2017, 11:27:07 PM
I too still look forward to knowing more of this
Title: Re: Why companies don't create their own blockchain rather than use Ethereum?
Post by: sabbir2world on December 08, 2017, 02:11:49 PM
Quote from: endlasuresh on November 24, 2017, 05:29:09 AM
Ethereum has a stable price and also supports ERC tokens so it is hassle free for them, however they can use other crypto currencis such as Dash NEO, etc.

yeah correct... more like it
Title: Re: Why companies don't create their own blockchain rather than use Ethereum?
Post by: Paulomits on February 06, 2018, 09:41:17 AM
It costs so much money and time to build and maintain a blockchain.
Title: Re: Why companies don't create their own blockchain rather than use Ethereum?
Post by: mu6m0r0k on February 10, 2018, 05:47:22 PM
The simple answer is money. It just cost too much money to build and maintain blockchain and even big companies like Kik are looking to use existing blockchain like eth (they will migrate to stellar). Tron(trx) is another project with big financial backing which is using the eth network at the moment. Maybe in the future they will build their own blockchain or they will migrate to some of the new faster blockchains but in the beginning it just make too much sense to begin with erc20 token.
Title: Re: Why companies don't create their own blockchain rather than use Ethereum?
Post by: TERMINO on May 07, 2018, 11:07:09 AM
Quote from: mu6m0r0k on February 10, 2018, 05:47:22 PM
The simple answer is money. It just cost too much money to build and maintain blockchain and even big companies like Kik are looking to use existing blockchain like eth (they will migrate to stellar). Tron(trx) is another project with big financial backing which is using the eth network at the moment. Maybe in the future they will build their own blockchain or they will migrate to some of the new faster blockchains but in the beginning it just make too much sense to begin with erc20 token.


Not only money. Time, efforts, trying and error experience. New form of hypothesis to let the product produce a good name when it goes in promotion. There are so many things to experience before getting the success. Hardship is common. For developing another coin to face eth is not sure if it will survive for a long time in crypto. By launching the product it means success is in the mind not all about experiments and lose but its all about hit the core in business market.