Altcoins Talks - Cryptocurrency Forum

Further Discussions => Blockchain Technology => Topic started by: Domithra on March 08, 2018, 04:47:53 AM

Title: Which Blockchain is suitable for cryptos acting as currencies?
Post by: Domithra on March 08, 2018, 04:47:53 AM

There are many cryptos acting as currencies which needs faster, stronger and cheaper Blockchain to operate on. What Blockchain (STEEM, ETHEREUM etc) do you think is convenient for such cryptos ?

Title: Re: Which Blockchain is suitable for cryptos acting as currencies?
Post by: mu6m0r0k on March 13, 2018, 05:14:05 PM

For faster and cheaper I'll be looking at cardano, stellar and ripple. Ethereum block mining is somewhere in the region of 12s per block while the others are 2-3 seconds per block.

Title: Re: Which Blockchain is suitable for cryptos acting as currencies?
Post by: iane.macarthur on March 15, 2018, 08:57:02 AM

Blockchain technology is used for data privacy.
Have a visit block-chain twitter account, it will help you a lot.
https://twitter.com/chronicledinc

Title: Re: Which Blockchain is suitable for cryptos acting as currencies?
Post by: benres on March 20, 2018, 12:06:14 PM

This is are the kinds of a blockchain network system the Centralized, Decentralized and the Distributed Ledger. This kinds of system are used for any cryptocurrency on the market. Blockchain technology is still on a young stage that is why the technology is still on the research and development stage.

Title: Re: Which Blockchain is suitable for cryptos acting as currencies?
Post by: Grawixy on March 20, 2018, 01:35:13 PM

I think Stellar blockchain may perform well. Having said that Ethereum is also not to be discarded. I know it sometimes gets clogged (kitttens and the like) but still, mostly it functions quite well. I also believe that when it come to currencies, it is not so much a matter of blockchain (although it is important, of course) as a matter of a token that is stable enough to be used as a means of payment. We'll see.

Title: Re: Which Blockchain is suitable for cryptos acting as currencies?
Post by: Paulomits on March 20, 2018, 02:03:04 PM

There are various things we need to consider in deciding the best blockchain to use for currencies. Speed of transaction is just one of them.

Title: Re: Which Blockchain is suitable for cryptos acting as currencies?
Post by: Claus on March 21, 2018, 01:38:22 PM

Choosing the best has to do with the fastness of their transactions.