80% of all Altcoin shares 90% of the Code, the results of the study

Not everything is innovation and technological evolution in the world of cryptocurrencies and blockchain technologies. In fact, it seems that actually few actors are those that genuinely innovate and evolve, as revealed by a research published by the Chinese portal Sina News and developed by Securities Daily

The article comments that according to a report, about L & # 39; 80% of all cryptos is suspected of plagiarism code.

Likewise, the article does not speak only of the total number of cryptographic coins that plagiarize the code but also of comments that in a good part of these, the most recent criptos share more than 90% of their source code with those that have the original code. Also some projects have more than 95% of similarities:

"The report selects 488 digital currencies that use open source code in the current digital currencies market. The similarity of each digital currency code is compared in pairs. It was found that 405 similarities reached more than 90%, equal to 82.99 of the total%, 324 digital currency analogies above 95%. "

Code sharing: a logical explanation

The report does not indicate if the cryptocurrencies analyzed in those pairs are "independent" or in reality, they are forks or chain splits. In this case, it would be evident that they both shared a large part of their code to recognize the main blockchain and the only differences would be from the new changes introduced to each blockchain after fork / split.

Therefore it is not well explained if the informant considers for example that the altcoin Bitcoin Cash (BCH) could "plagiarize" the original Bitcoin code (BTC) or if Ehtereum (ETH) would be plagiarism of Ethereum Classic (ETC) for example. [19659003] Another situation that is important to consider is that currently many cryptocurrencies are tokens running on Bitcoin (Omni), Ethereum or another important blockchain. However, it is essential to admit that there are projects that have clear "inspirations" in better known blockchains. For example, projects that seek to establish themselves in the Asian markets.

Innovation and originality will define the future of blockchain technologies

Given this situation, many analysts believe that the lack of innovation is one of the factors that needs to be improved in this sector – which boasts to be revolutionary and innovative.

Xie Shaoyun, founder of Netta Labs, had the opportunity to read the report and comment:

"At the moment, the industry does not yet have the real breakthrough in innovation and solves the problem and it puts the implementation of the application in the first place People have the mentality of experimenting and luck Working on the project

We should go back to the essence, actually solve practical problems, make tools that can be used by users and bring convenience, create real value and usability, invent real products and promote the development of industry from the actual recognized value. "

However, the results, which Sina News describes as" shocking ", show that currently there is no intention of changing this trend. It seems that it would be difficult to define the level of innovation necessary for most cryptographies to triumph over their own merits:

"The result of the comparison was shocking, which also opened up the plagiarism of the digital currency code. Currently, only 38 are similar to 80% similar, which means that over 90% of the digital currency is more than 80% similar, in particular, of the 488 digital currencies, 324 digital currency similes ranged from 95 % to 100%, 81 similarities ranged from 90% to 95% and 29 were in the 85% -90% range, 16 Located at 80% -85%, 38 others are below 80%. "