Not all cryptocurrency coins and tokens are same, all are created by using different algorithm methods and tokenomics, it's very easy to create a token by using different blockchains like ethereum, binance chain, Polkadot and hive that's why mostly cryptocurrencies are just tokens created by different project owners and teams on different blockchains especially ethereum and binance chain
But developing a totally unique or different blockchain from scratch is totally a different thing it's not an easy task, it requires a lot of knowledge, effort and team work. that's why there are only few blockchains and cryptocurrencies which are have there own importance and uniqueness, for example if we excluded tokens created on different blockchains , and proof of stake based cryptocurrency coins and tokens only few coins are left which are called proof of work based minable cryptocurrencies
Bitcoin is a pow algorithm based coin, Litecoin, digibyte and Ravencoin are also some papular pow based coins, these coins have less competition as compared to other coins and tokens that's why these are my number one choice for long term Holdings because I think these coins have bright future and higher chances of adoption globally, what's your opinion about this?
If you found this article informative, please give an upvote and reblog
For more useful posts please visit zaibkang/Posts
Download our application from Ecency.com
