Token or your blockchain – what is better for a crypto project?
Token or your blockchain – what is better for a crypto project?Token or your blockchain – what is better for a crypto project?Today, in decentralized finance, we can observe two main approaches to building a project architecture.: some developers rely on their own strength, launching your own blockchains, others issue tokens on large blockchains, such as Ethereum or Waves, without having to deploy a separate infrastructure for your project. But which of these approaches is better? To start, let's take a look at the benefits of using third party blockchain by companies: Low costs. Actually, this is the main advantage of using the token, which is often decisive. If the company does not have the resources to do it, to develop your, separate blockchain, deploy and maintain its infrastructure - then the token becomes the only possible solution. Simplicity. Using a token removes the need to develop a blockchain from scratch. That is, there is no need to hire expensive blockchain developers., and the risk of making a critical error is minimized - a difficult development task, testing and maintenance of the blockchain is decided by others. Simplifying audience engagement. Convincing people to try the service on a blockchain they already know, albeit with the help of a new token, much easier, how to convince them to switch to a completely new and unfamiliar platform. For platforms, who are just starting to work and have not yet earned a name for themselves, it can also be critical. Facilitating audience access. Exchange Base Currency …
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