new blockchain network or another failed startup ?

[Mlc]

I've been seeing loads on new start-ups and ico projects for new coins lately and ready recent news i found a fairly interesting new startup named Minter, apparently  here everyone is the bank with a new blockchain netwrok that allows anyone to create a new coin and set a price for it. These coins can then be exchanged for other assets including Bitcoin and Ethereum, in addition to fiat currencies such as US dollars.

this new blockchain network believes its platform offers the “next step” from Bitcoin – speeding up transaction times and giving crypto users the chance to change between different digital currencies with ease.

i believe the main idea is to reduce transaction delays , Minter claims it can process them in five seconds flat – meaning thousands of transactions per second can be completed without delays or additional confirmations.

The startup claims that all of this is achieved with a transaction fee that’s below $0.01, and it hopes to drive forward its offering through a “large community of users and developers” who are invested in helping the platform thrive.

there is loads more info here :

sourcehttps://cointelegraph.com/news/130-coffee-shops-in-europe-started-to-accept-and-sell-crypto

just scroll down the page to the title ‘Everyone Is the Bank’: Blockchain Network Allows Anyone to Launch Their Own Coin.

 

 

[williamshennie9]

The thing is, every new coin that is created (which are 100's per day) claims to have some unique feature about them. I would say, like the other 99%, that statistically, it is likely to fail.