Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: VeryWellDone on July 09, 2020, 08:27:58 AM
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We've seen it happen with STEEM and Hive where both decentralized content blockchains were made and actually acquired by TRON. The result of those 2 blockchains joining and being made by STEEM which already has a reputation = Steem holders went from having 1 token worth .15 to 2 tokens collectively worth .45 - 3x profit)
It can possibly happen with NEM as they launched Symbol (https://medium.com/nemofficial/public-testnet-and-symbol-launch-8470713a7962), which is a blockchain built for businesses. Is success 100% guaranteed whenever a major project double their ecosystem, with 2 tokens?
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Not 100% success, it all really depends on the use-case of that new token and how determined the team is. Most of these projects that do this usually have the same team operating the secondary project
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We've seen it happen with STEEM and Hive where both decentralized content blockchains were made and actually acquired by TRON. The result of those 2 blockchains joining and being made by STEEM which already has a reputation = Steem holders went from having 1 token worth .15 to 2 tokens collectively worth .45 - 3x profit)
It can possibly happen with NEM as they launched Symbol (https://medium.com/nemofficial/public-testnet-and-symbol-launch-8470713a7962), which is a blockchain built for businesses. Is success 100% guaranteed whenever a major project double their ecosystem, with 2 tokens?
I'm not sure about what you mean, with that "two blockchains can co-exist", Let me remind you that STEEM was the original Blockchain and forcibly acquired by Justin Sun of TRON, STEEM was done through a hard fork process that resulting to another copycat blockchain called HIVE it's a competition between the original which called STEEM and the copycat called HIVE they can co-exist as a rival.
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NEM is a business-oriented blockchain platform, but Symbol is promoted as well and more appropriately. I hope that NEM Foundation will soon have more details & compare this platform with NEM to see the advantages of Symbol.
I think there must be a reason why the NEM Foundation has to launch a new platform instead of upgrading the current blockchain, NIS1.
On success: we need time to know if businesses are interested in & choose a Symbol for their operations.
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It is only natural for TRON and STEEM because these two altcoins have something perfect for the system, such as TRON for games and STEEM for bloggers, so for trading, both altcoins are only natural if they are able to become 5%.
But for the choice of NEM, I disagree because NEM is now less interested and the capacity of NEM is lacking in business expansion and this has already happened a lot in the crytpocurrency market.
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There are projects that have 2 blockchains like tether it still have its previous blockchain omni while some of the tokens are erc20 eth blockchain. So it is possible as long as the developer not seal the decision to fully migrate yet. I guess with tether case, they are just waiting for other investors to fully closed or swap those omni coins that still in circulation.
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I now fully realized that hard forking actually means creating another blockchain platform copying the original one and this happened a lot of times in the cryptocurrency industry with some having a lot of dramas and explosive stories. Yes, any two same blockchain can exist. Anyway, anybody can copy any blockchain as the technology is open-source (though I am not sure if this is the case all the time).
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I believe two blockchains can co-exist, it just depends on the developers and how the backend its created. When you see a project like that, you will find out that it's still the same ecosystem
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I don't sure what you mean, but steemit and hive are one blockchain with different functions and benefits. Hives and steemit similar but that have different developers and goals.
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I think Two blockchains can coexist at the same time and parallel to each other. they may be competing with each other or complementing each other, but the ultimate goal is to find the best.
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There is a blockchain plate form on a regular basis, but the sign is also given a fair and reasonable tor. I hope that the name foundation will soon be amazed hon gi and to see the advantages of this plate form magazine l- n will compare the name of this plate form.
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Two blockchains can coexist. only parallel existence can there be competition to find the advantages as well as the risks of
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they can coexist but will have to be in the same position, there will be better blockchain and be on top
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I think it's depend upon the team & nature of working, if the new project running successfully same team members & management.