๐๐ก๐ ๐ญ๐๐๐ก๐ง๐ข๐๐๐ฅ ๐ฌ๐ฎ๐ฉ๐๐ซ๐ข๐จ๐ซ๐ข๐ญ๐ฒ ๐จ๐ ๐ฒ๐จ๐ฎ๐ซ ๐๐ฅ๐ญ๐๐จ๐ข๐ง๐ฌ ๐ข๐ฌ ๐ฐ๐จ๐ซ๐ญ๐ก๐ฅ๐๐ฌ๐ฌ.
German: https://app.getquin.com/activity/yETdlWmkUQ
Many altcoin promoters hold altcoins because they are convinced of their technical superiority over Bitcoin and Ethereum. Lower power consumption, more transactions per second, prettier logo, .... And they are right about that! But with DLT (distributed ledger technology, the umbrella term for technologies like blockchain or DAGs), technical superiority only matters at a very late state in development. And we are still years away from that point.
๐๐ก๐ฒ ๐ข๐ฌ ๐ญ๐ก๐๐ญ?
Because any distributed technology becomes more efficient when you centralize it. I can run any DLT in my own, centralized data center. Communication between nodes becomes more efficient that way, I have complete control over my system, and I can deploy updates as I want. Thus, I am always superior to the decentralized variant. At the same time, my centralized version of Cardano, Cosmos, Polkadot, ... can do everything that the decentralized version can do.
๐๐ ๐๐๐ง๐ญ๐ซ๐๐ฅ๐ข๐ณ๐๐ ๐ฏ๐๐ซ๐ฌ๐ข๐จ๐ง๐ฌ ๐๐ซ๐ ๐ญ๐๐๐ก๐ง๐ข๐๐๐ฅ๐ฅ๐ฒ ๐ฆ๐จ๐ซ๐ ๐๐๐๐ข๐๐ข๐๐ง๐ญ ๐ญ๐ก๐๐ง ๐๐๐๐๐ง๐ญ๐ซ๐๐ฅ๐ข๐ณ๐๐ ๐ฏ๐๐ซ๐ข๐๐ง๐ญ๐ฌ, ๐ฐ๐ก๐ฒ ๐๐จ ๐๐๐๐ฌ ๐๐ฑ๐ข๐ฌ๐ญ ๐๐ญ ๐๐ฅ๐ฅ?
The advantage of DLTs lies in their decentralized nature and the resulting protection against failure and manipulation. No state, no institution can influence decentralized cryptocurrencies. The behavior of cryptocurrencies is transparent, predictable and can only be changed with the consent of the network. Therein lies the value of decentralized blockchains & co. Not in 1000 transactions per second that can be executed 24/7 but are miles away from the capacity of Visa & Mastercard.
As long as a DLT is not decentralized, but controlled by a few players (which is the case with pretty much all DLTs), it is nothing more than an inefficient piece of software whose price is fueled by wild speculation about the future. Only when an altcoin is truly decentralized its technical superiority over other DLTs becomes relevant.
This is the reason why I personally believe that nothing will go past Bitcoin and Ethereum in the next few years and only a few coins will remain from today's altcoin jungle in a few years. Which ones these are is nothing but speculation.
#crypto
#bitcoin
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#donkey
