Bitcoin education portal 99Bitcoins is the recently assigned undertaker of the cryptocurrency industry.
It’s taken control of the Dead Coins project, which gives a burial ground for more than a thousand dead cryptocurrencies, and revived the project by making certain the listing is accurate and by getting rid of joke interments for Bitcoin, Tron, Dogecoin and also Tether.
Deadcoins.com was begun in 2017 to record the demise of the numerous altcoins that emerged off the rear of the ICO boom that year. 99Bitcoins meanwhile was founded in 2013 to use a practical and non-technical guide to those new to Bitcoin.
The listing of dead cryptocurrencies is a wonderful companion piece to 99Bitcoin’s highly-referenced ‘Bitcoin Obituaries’ web page which videotapes each time the mainstream media claims that Bitcoin has died. At last matter, Bitcoin had passed away 399 times.
The newly cleaned up Dead Coins page is reporting 1559 altcoin fatalities at the time of composing.
In a statement, Ofir Beigel, owner, as well as owner of 99Bitcoins, claimed they’ve offered the web page an overhaul as there were a couple of problems with the layout:
” I assume the Dead Coins job is a dazzling concept that requires a little sprucing up. The truth that anyone can include a dead coin themselves made the listing of coins really inaccurate. We’ve spent days going through the complete listing and sifted out all of the coins that were hidden to life, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just a few of the coins that were noted when we took control of the task.”
He added that the area in some cases mistakes a ‘shitcoin’ for a dead coin and clear indicators have been implemented to establish whether a coin is actually deceased or otherwise.
“By doing this we still make use of the neighborhood’s input, but we see to it experiences an additional filter to confirm the entry’s accuracy”.
A coin or token project is deemed dead for a variety of factors including inactive advancement for greater than 6 months, low volume and also liquidity (as nobody is trading it), a lack of listings on exchanges, site down or no social media activity, and obviously the scams and Ponzi systems.
In January 2020, Cointelegraph highlighted several of the primary reasons that crypto projects and also their tokens wind up going south which also consisted of failed financing and joke jobs which can still compete some time prior to lastly giving up the ghost.