Nearly 10,000 cryptos now, but only ~35 are seeing any action??

If anything comes out of this nutty asset class, I'd bet 1% of my liquid net worth only on the two top cryptos, namely bitcoin and ethereum.

 

Etherium seems to be smoking it as far as "fees" generated. Hell, others too. How are these fees being generated, anyone know? All fees for serving as money in transactions or what not?

 

https://bitcoin.org/bitcoin.pdf

 

Would be cool to mint my own coin. Is there a program you would download for this?

 

Thanks! But that is Bitcoin only no? Was curious about the others. Etherium seems to be killing it.

 

It's about the same. ETH generates heaps of fees because the entire DeFi circus is running on Ethereum. That's why there is a change proposed in EIP 1559.

Fees are generated by transactions. The more people willing to transact, the higher the demand, the higher the fees

 

Thanks MrMuppet! So if all fees of all cryptos are generated by transactions, with all the Bitcoin hype, seems its not even the biggest player, transaction wise, no? Etherium is spanking it, and other coins I've never even heard of it are generating more fees.

 

Depends. Some DeFi chains are literally exchanges. So no wonder an exchange generates more fees than a transaction network. BTC fees are pretty cheap tbh. Fees aren't necessarily an indication of how good or dominant a particular chain is.

ETH being insanely expensive has been a meme for some time now

 

what happened with dotcom bubble? did the biggest names going into it come out victorious?

 

It looks like there are a lot of ways.


Here's one.
https://bitexchange.systems/create-cryptocurrency-service/