Definitely agree there is a lack of easily accessible information on coins. I started putting together https://www.orc.press though my sense is that it's overly technical for most users.
How come Litecoin, which would be #5 by market capitalisation is missing? Yet many I've never heard of are included. Has some fan of an alternative deleted it or something?
It would be awesome though if you help the community add Litecoin. That's why I made it a wiki. So anyone can add missing information. Crypto is so big now I definitely can't do it all.
Honestly curious as I only know of a few cryptocurrencies. -
- Are there over 500 types of cryptocurrencies?
- If so, can anything past top 5 even survive (long term, like a few years?)
- Doesn't the increase in amount of coins dilutes its own value?
This is a common question. I suggest you think of it like stocks on the NYSE or NASDAQ. Does every IPO decrease the value of the already listed companies? Just as Comcast and Dish are both television distribution companies that manage to serve different markets, so to can different coins coexist. This is especially true when the coins have completely different objectives and are not just chasing the retail point of sale niche.
There are about 900 listed on Coinmarketcap cap right now or thereabouts. In total, it should be over 1500. If there is anything my research for this project has taught me, majority of the coins didn't need to do an ICO when all they were building were simple apps.
So no, I don't think the majority will survive (hence the need for this project) but the survivors will be so astonishing and will give amazing returns.
My impression is that as general currencies only a few will survive. Where it might blur is where the blockchain aspect is getting used over the currency aspect, and there one might think of it more as apps or exchanges of 'currency' or work tailored for specific markets. Still, I'm pretty skeptical as I think so far all the uses are more hype-supported than providing wide scale value, but that's balanced by a lot of people exploring a lot of possibilities.
That's why I made it a wiki. Cause I definitely can't get all the info myself. I figured a minimum text would suffice to get other contributions rolling...
I'd be interested if it also had pages for different technologies used by multiple cryptocurrencies.
E.g. : a page on PoW, a page on PoS (or possibly multiple pages for the different versions of PoS), any other similar mechanisms, ERC20, different styles of handling balances (e.g. Bitcoins UTXOs vs. Ethereum's using a merkle tree of balances), merkle trees in general, ways of doing anonymous transactions (e.g. Zksnarks and such), etc.
Edit: I mistakenly called ERC20 EIP20. I have corrected this.
I'm amazed this doesn't already exist. But you're right there's no single source you can go to for a brief, unbiased description of even the top 50 tokens. If you can get the community going, I think this could be a big help.
It's built with the same software running Wikipedia, with adequate spam controls. However, the community is what I will rely on as the information affects all our pockets atm
That's precisely the problem... people will do anything to try to manipulate their favorite cryptocurrency. It's going to be an uphill battle trying to keep this unbiased.
Wikipedia's notability policy means that many cryptocurrencies don't get included, even some major ones. Even Bitcoin was deleted as not notable at one point.
